OKLAHOMA CITY — HarborChase has completed HarborChase of South Oklahoma City, a luxury seniors housing community. The property offers assisted living and memory care services, as well as respite stays. A grand opening will be held at the property on Thursday, March 12, led by Willie Ferguson, the community’s executive director.
Development
Collaborations with builders and designers could help developers achieve profitability in this growing sector. By Drew Blaylock, Director of Preconstruction, ARCO Living Group As developers work to stay in front of the changing seniors housing market, the development of active adult rental communities continues to increase, but not without challenges. For seniors housing developers, there is a high amount of risk associated with creating a new product type that is similar to traditional seniors housing facilities but charges rent rates more in line with a standard multifamily product. There are …
WEATHERFORD, Texas — Civitas Senior Living and PremCap Senior Living have opened West Fork at Weatherford, located west of the Dallas-Fort Worth Metroplex. The 75,800-square-foot community offers 70 assisted living apartments and 19 memory care suites. The community is located near Weatherford’s historic downtown and directly adjacent to Medical City Weatherford.
FERN PARK, Fla. — Maitland-Based Strive Senior Living has opened its first community, Strive at Fern Park, approximately eight miles north of downtown Orlando. The property features 79 assisted living and 46 memory care units. Strive Senior Living is managing the community in partnership with KR Management, a Clearwater-based operator. The Agency for Health Care Administration approved the license, effective Feb. 14 and the first residents moved in Feb. 19.
HUNTINGTON, N.Y. — Sunrise Senior Living has completed construction of Sunrise of Huntington, located in the Suffolk County town of Huntington on Long Island. The community can accommodate up to 108 residents and offers assisted living and memory care services. “According to a recent independent study, the population of seniors over 85 years old, in Suffolk County specifically, has increased by 56 percent over the past 13 years,” says Jenifer Salamino, senior vice president of operations for Sunrise Senior Living. Sunrise held a ribbon-cutting ceremony on Wednesday, Feb. 19, for …
DALLAS and NEW BRAUNFELS, Texas — New Braunfels-based SilverPoint Senior Living, a newly formed management company led by CEO Shawn Corzine, has signed an expansion partnership with Journey Capital, a Dallas-based real estate development company led by hospitality entrepreneurs Anand Patel and Narayan Patel. With its investment in SilverPoint, Journey Capital’s co-founders will also assume roles as partners in the management company Journey Capital will work with SilverPoint to grow its development and acquisition pipeline and lean on the company for third-party management and consulting services. While SilverPoint is currently …
PMB Completes 159-Unit Community as Part of Mixed-Use Development in Tacoma, Washington
by Jeff Shaw
TACOMA, Wash. — PMB has opened the doors on GenCare Lifestyle at Point Ruston, a 159-unit independent living, assisted living and memory care community in Tacoma. The 144,000-square-foot, six-story senior community is located on the southern edge of Puget Sound in Point Ruston, a master-planned, mixed-use urban village. The location puts residents within walking distance of retail establishments, restaurants, a luxury hotel, residential developments, a movie theater, local and organic food, walking paths, meeting spaces and seasonal public events. The site was formerly home to a copper mill for decades …
ALEDO, Texas — Civitas Senior Living, a senior living management company, and Journey Capital, a seniors housing development company, have unveiled plans for Harvest Senior Living in Aledo, approximately 15 miles west of downtown Fort Worth. The 68,000-square-foot community will be situated on 7.5 acres featuring 20 independent living villas, 70 assisted living units and 20 memory care residences. Harvest of Aledo is near Walsh Ranch, a $6 billion master-planned community that will eventually add up to 50,000 residents and more than 15,000 upscale homes to the area. “The greater …
MANALAPAN, N.J. — Hackensack Meridian Health has opened the doors on The Villas in Manalapan. The company is marketing the property to Staten Island residents looking to downsize. The property spans 100,000 square feet on seven acres and offers independent living, assisted living, memory care and skilled nursing. The number of units was not disclosed. Independent living residences are available as one- or two-bedroom, and studio apartments, with monthly rates starting at $4,950.