POLK COUNTY, Fla. — Summit Contracting Group has broken ground on Siena Pointe, a seniors housing community in unincorporated northeast Polk County near Orlando. Siena Pointe will be a U-shaped, four-story, wood-frame building on a seven-acre site. The property will feature 163 units of seniors housing in a 194,127-square-foot building. Construction is slated for completion in fall 2021. The developer is Eastwind Development LLC and the architect is Forum Architecture & Interior Design Inc.
Development
Dallas Retirement Village Starts Construction of 29-Unit Independent Living Expansion in Oregon
by Jeff Shaw
DALLAS, Ore. — Dallas Retirement Village, a seniors housing community in the Salem suburb of Dallas, has started construction of its Phase II expansion, known as Lodge Residences. The 60,000-square-foot project will complete the circle around the existing courtyard, adding 29 independent living apartments, an indoor pool, spa, fitness facilities and more. “Phase 1 was completed four years ago. Since then, we’ve continued to build a waiting list,” says Dave Parrett, the community’s executive director. “Having more apartments will make us more accessible to local seniors who would like to …
PLANO, Texas — Forefront Living, a faith-based, nonprofit organization providing senior living and hospice services in the Dallas area, is seeking approval from Plano city officials to develop a senior living community in West Plano. The proposed community, The Outlook at Windhaven, would provide up to 190 independent living residences: a 160-unit apartment building with underground parking and 30 cottage homes. The campus would also include a 64-unit building for assisted living and memory care services and a clubhouse building. The community would be developed on an 18.2-acre creekside site. …
CC Residential Selects United Plus Property Management to Operate The Residences at Monterra Commons in Cooper City, Florida
by Jeff Shaw
COOPER CITY, Fla. — CC Residential, a multifamily development firm led by Jim Carr and Armando Codina, has selected United Plus Property Management (UPPM) to operate The Residences at Monterra Commons, an active adult community in the Miami suburb of Cooper City. Construction began on The Residences at Monterra Commons this summer. Upon completion, the development will include 175 one- and two-bedroom apartments for adults aged 55 and older. Units at The Residence at Monterra Commons will range from 760 square to 1,465 square feet for two-bedroom. Amenities at the …
Inspired Living Launches Independent Living Brand with Inspirations at the Town Center in Jacksonville
by Jeff Shaw
JACKSONVILLE, Fla. — Inspired Living has started construction of Inspirations at the Town Center, the company’s first independent living community, in Jacksonville. Situated on 12.1 acres, the 227,000-square-foot building will feature a total of 169 apartments. Units will feature one- and two-bedroom options up to 1,200 square feet. The Inspired Living brand is the new independent living branch of Validus Senior Living Communities. Baxter Development is a partner on the project, which is scheduled for delivery in fall 2021.
NAPERVILLE, Ill. — Avenida Partners has completed construction of Avenida Naperville, an active adult community for residents over age 62 in the Chicago suburb of Naperville. The community totals 146 units. The community postponed its grand opening due to the COVID-19 pandemic. “We opened Avenida Naperville to meet the needs of the many adults that, as they get older, desire a smaller, maintenance-free home without having to sacrifice their independence,” says Michele Clemen, the community’s executive director. “The location offers easy access to the incredible cultural amenities of downtown Naperville …
MADISON, Minn. — Kraus-Anderson has started the construction of a $15 million expansion at Madison Healthcare Services in western Minnesota. The healthcare facility was originally constructed in 1952. The 52,639-square-foot renovation and expansion will include 37 new skilled nursing units, 12 assisted living units and 12 underground car parking spaces. Designed by HGA Architects, the project is slated for completion in summer 2022. Madison Healthcare Services provides skilled nursing, outreach specialty services, home care services, independent living, therapy services and a critical access hospital.
Truist Provides $42.4M in Financing for Hillcrest CCRC Expansion in La Verne, California
by Jeff Shaw
LA VERNE, Calif. — Truist Financial Corporation has provided $42.4 million in financing for Hillcrest, a continuing care retirement community (CCRC) in La Verne, approximately 30 miles east of Los Angeles. The funding will be used to refinance existing debt and support the construction of a new independent living area, named Hawthorne Homes. The 24,000 square-foot development will consist of 14 one-floor cottage and duplex units located on a 1.4-acre parcel on Hillcrest’s 50-acre campus. The new construction includes several environmentally friendly and sustainable features, including solar energy, rainwater reclamation, …
Hunt Capital Partners Raises $11M in Equity for 90-Unit Mixed-Income Development in Waco, Texas
by Jeff Shaw
WACO, Texas — Hunt Capital Partners, in collaboration with co-developers Mears Development and Construction Inc. and Harris284 Team Inc., has raised $11 million in low-income housing tax credit (LIHTC) financing for construction of Residences at Lake Waco in Waco. Designed for seniors 55 and older, the new development will feature 11 market-rate and 79 LIHTC units set aside for households earning up to 30, 50, and 60 percent of the area median income. “A recent study by the Harvard University Joint Center for Housing Studies reported that almost 49 percent …
Ziegler Arranges $131.4M Bond Financing for Development of Stevenson Oaks in Fort Worth
by Jeff Shaw
FORT WORTH, Texas — Ziegler has arranged $131.4 million in bond financing for the development of Stevenson Oaks, a planned senior living community in Fort Worth. The property will feature 172 independent living units as well as an assisted living center with 40 assisted living units and 24 memory care units. The community will be situated within Tavolo Park, a new master-planned commercial and residential project in the southwest portion of the city. The surrounding Tavolo Park development will provide two restaurants and a variety of activities for Stevenson Oaks …