TOTOWA, N.J. — The New Jersey Economic Development Authority (NJEDA) board has approved $35.3 million in tax credits for a new seniors housing project in Totowa, roughly 20 miles northwest of New York City. Upon completion, the development will feature 141 units. The project, known as Totowa Affordable Housing, is an adaptive reuse of the former Little Sisters of the Poor facility. Chrisitan Health is the lead developer. All of the residences, which will include eight studio units, 123 one-bedroom units, 10 two-bedroom units, will be designated as affordable housing. Financing …
HOUSTON — The NHP Foundation (NHPF), an affordable housing developer, with Trinity East Village Community Development Corp. (TECDC) and Housing Alliance HTX, will develop a new affordable seniors housing community in Houston. Dubbed Trinity East Senior Village, the property will comprise 90 units for residents age 55 and older in the Third Ward neighborhood of Houston. Of the 90 residences, 60 will serve as replacement housing for residents of the Housing Alliance HTX’s Cuney Homes community, which is currently undergoing redevelopment. Trinity East Senior Village will serve extremely low- and low-income …
EAST BRUNSWICK, N.J. — A joint venture between National Development and an affiliate of Benchmark Senior Living is currently underway on the development of a new community in East Brunswick. Upon completion, Benchmark at East Brunswick will total 87 units and 100 beds for assisted living and memory care residents. Amenities at the property, which will total 84,276 square feet across three stories, will include multiple dining venues, a theater, fitness center, salon and outdoor spaces. Construction has begun, and the opening is scheduled for 2028. JLL Capital Markets recently arranged …
WHEAT RIDGE, Colo. — MGL Partners is planning the development of a new affordable seniors housing community in Wheat Ridge, approximately 10 miles outside downtown Denver. The community will be situated within the redevelopment of the former Lutheran Hospital campus. MGL Partners recently executed a purchase and sale agreement with E5x Management, which is leading the redevelopment of the hospital campus, for the project site. Dubbed Legacy Terrace Apartments, the community will feature 50 units for residents age 62 and older earning between 30 and 80 percent of the area median …
ISSAQUAH, Wash. — Co-developers PMB and The Springs Living have broken ground on a new seniors housing community in Issaquah, roughly 20 miles southeast of Seattle. Upon completion, The Springs Living at Issaquah Highlands will total 329,250 square feet and 225 residences. Units will include 114 independent living, 84 assisted living and 27 memory care apartments. The community is scheduled to open in late 2028. This marks the second co-development between The Springs Living and PMB. Makenzie and GBD Architects designed the project, and Exxel Pacific is serving as the general …
HUNTINGTON BEACH, Calif. — The Bluhm Family Foundation has broken ground on The Marisol, a 214-unit luxury seniors housing project in Huntington Beach, roughly 40 miles southeast of Los Angeles. In May, the developer received $252.1 million in bond financing for the project. Upon completion, the community will feature a mix of studio, one- and two-bedroom apartments. Amenities will include a coffee and snack bar, community store, wellness lounge, swimming pool, spa, beauty salon, golf simulator, gym, art studio, craft studio, community room and three courtyards. Opening is scheduled for 2028. Momentum Senior …
FREDERICKSBURG, Va. — Watercrest Senior Living Group, with partners Harbert Seniors Housing Fund II and Centric Development, has opened a new luxury senior living community in Fredericksburg, roughly 60 miles north of Richmond. Totaling 142 units, Watercrest Fredericksburg Assisted Living and Memory Care opened in early April. The community features 106 assisted living and 36 memory care apartments. As of mid-May, memory care units at the property were 55 percent occupied, and assisted living units were 35 percent occupied. Watercrest began development of the community in fall 2024. Watercrest and Harbert Seniors Housing …
COLLEGE STATION, Texas — LifeCare Development is currently underway on the construction of a new senior living community in College Station. Upon completion, The Blake at College Station will total 100,576 square feet and feature 117 units. Residences will include 73 assisted living units and 44 memory care units. Blake Management Group will operate the property. Completion is scheduled for 2028.
RYE, N.H. — Benchmark Senior Living has completed a 60,000-square-foot expansion at its community in Rye, a city located along the Atlantic coast. The project has added 70 assisted living apartments to the community, Benchmark at Rye. New residences include units in studio, one- and two-bedroom layouts. The community also features independent living residences and a 40-apartment memory care neighborhood. Amenities at the property include a bistro, family kitchen, fitness center, wellness and therapy spaces and multiple outdoor patios. Benchmark ranked as the 30th-largest seniors housing operator in the 2025 edition …
HORSESHOE BAY, Texas — Nuveen Green Capital has provided $38.6 million in Commercial Property Assessed Clean Energy (C-PACE) financing for the development of a new seniors housing community in Horseshoe Bay, roughly 50 miles northwest of Austin. Falcon Senior Housing is the borrower. Dubbed The Statesman at Horseshoe Bay, the community will total 313,714 square feet upon completion. The property will feature 180 independent living, assisted living and memory care units. Financing for the project also includes EB-5 immigration investment funds. “Nuveen Green Capital and Texas PACE Authority allowed us to …