Development

ATLANTA — Peacock Partnership Inc. has completed its purchase of the former Presidential Hotel, located near Atlanta’s “Spaghetti Junction” highway interchange of I-285 and I-85. The buyer plans to convert the long-vacant property into a seniors housing community.

PALM DESERT, Calif. — The Wolff Company, an Arizona-based private equity firm and developer, has acquired property in Palm Desert with plans to build a seniors housing community on the plot.

ATLANTA — Columbia Residential has opened Tenth & Juniper, a rehabilitated affordable seniors housing high-rise in Midtown Atlanta.

FOREST HILLS, Mich. — Leisure Living Management has broken ground on Cascade Trails Senior Living, a 104-unit independent living, assisted living and memory care community in the Grand Rapids suburb of Forest Hills.

LYNNWOOD, Wash. — CA Senior Living has started construction of a 122-unit expansion at Quail Park of Lynnwood, a seniors housing community in the Seattle suburb of Lynnwood.