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 …
Development
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.
Ziegler Arranges $35.7M Bond Financing for The Woodlands at Furman Expansion in South Carolina
by Jeff Shaw
GREENVILLE, S.C. — Ziegler has arranged a total of $35.7 million in bond financing for The Woodlands at Furman, a nonprofit continuing care retirement community (CCRC) in Greenville. The community opened in 2009 adjacent to Furman University on land leased by The Furman University Foundation. The property currently features 132 independent living apartments, 28 independent living villas (some of which are under construction), 32 assisted living apartments, 16 memory care units and 30 private skilled nursing units. The bond financing will fund an expansion at the property, adding 44 independent …
BRIDGEWATER, N.J. — LCS has unveiled plans for an $8 million revitalization of Laurel Circle, an independent living community in Bridgewater, approximately 40 miles southwest of Manhattan. The community’s wellness center will see some of the most dramatic changes, according to LCS, including new gym equipment. In addition, LCS will add a new outpatient clinic to provide more health services. The plan also calls for upgrades to the community’s salon and lobby.
WIMBERLEY, Texas — Civitas Senior Living has opened the doors on Alexis Pointe Senior Living in Wimberley, a small city between Austin and San Antonio. Totaling 55,000 square feet, the property features 10 independent living cottages, 49 assisted living apartments and 24 memory care suites. The community is located a quarter mile from the Wimberley Senior Center and a half mile from Wimberley Town Square. Civitas now owns and operates 40 seniors housing communities, with 15 more under development.
ELGIN, Ill. — New Perspective Senior Living has unveiled plans for New Perspective – Elgin, a seniors housing community in Elgin, approximately 25 miles northwest of downtown Chicago. The four-story structure will offer independent living, assisted living and memory care. The number of units was not disclosed.
UPPER ARLINGTON, Ohio — HJ Sims has arranged a total of $55 million in bond financing for First Community Village, a continuing care retirement community (CCRC) in Upper Arlington, a suburb of Columbus. National Church Residences manages the community. The bonds will be used to fund an independent living expansion at the property, called The Fairfax Project. The Fairfax Project includes the demolition of 30 existing independent living units, and construction of a four-story independent living building totaling 70 units. The expansion will also add a heated underground parking garage.
Phoenix Senior Living, Whitehall Development Group Building 43-Unit Community in South Carolina
by Jeff Shaw
CAMDEN, S.C. — Phoenix Senior Living has formed a joint venture with Whitehall Development Group to construct The Colonial at Old Camden. The community will feature 43 units of assisted living and memory care in a 31,000-square-foot building. Camden is located approximately 35 miles northeast of Columbia. Construction is nearly complete, with residents expected to start moving in in March.