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Assisted LivingDevelopmentFinanceFloridaIndependent LivingMemory CareNews

JLL, HJ Sims Secure $134.3M Tax-Exempt Bond Financing for Seniors Housing Development in Orlando

by Hayden Spiess

ORLANDO, Fla. — JLL and HJ Sims have arranged $134.3 million in tax-exempt bond financing for a seniors housing development currently underway in Orlando.  Dubbed Millenia Moments Orlando, the community will feature 151 independent living, 78 assisted living and 32 memory care units. Trinity Community Development Foundation, a nonprofit formed by Trinity Broadcasting Network (TBN), is the developer and borrower.  Completion of the facility, which will total 316,900 square feet, is scheduled for 2027. The community will feature floorplans in one- and two-bedroom layouts. Memory care residences will include 26 private …

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Affordable HousingDevelopmentFloridaNews

National CORE to Develop 144-Unit Affordable Housing Community in Fort Myers, Florida

by Hayden Spiess

FORT MYERS, Fla. — National CORE has announced plans to develop Oak Park Senior Living, an affordable seniors housing project in Fort Myers.  Upon completion, the four-story community will feature 144 apartment units for residents age 62 and older earning between 30 and 65 percent of the area median income. Residences will include 124 one-bedroom apartments and 20 two-bedroom apartments. Amenities at the property will include a community room, cybercafe, swimming pool, fitness room, community garden and pickleball court.  Residents will have access to computer training, daily activities and free assistance …

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Affordable HousingDevelopmentFloridaNews

Green Mills Group Breaks Ground on $26M Affordable Housing Community in Florida

by Hayden Spiess

OSCEOLA COUNTY, Fla. — Green Mills Group has broken ground on a $26 million affordable seniors housing community in Osceola County.  Dubbed Poinciana Parc, the property will comprise an 86-unit mid-rise building. Amenities at the community will include a fitness center, business center, club/game room, laundry room and swimming pool.  The Florida Housing Finance Corp. awarded the project a 9 percent tax credit allocation in May 2023. Additional funding is being provided by Green Mills Group, TD Bank, Raymond James Affordable Housing Investments and Neighborhood Lending Partners. 

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Assisted LivingCaliforniaDevelopmentMemory CareNews

Clearwater Underway on 100-Unit Community in Los Angeles

by Hayden Spiess

LOS ANGELES — Clearwater Living is currently underway on the development of a new, 100-unit senior living community in the Beverly Grove neighborhood of Los Angeles.  Upon completion, the property will total 100 studio, one- and two-bedroom apartments across seven stories, including assisted living, memory care and short-term residences. Amenities at the community, dubbed The Leonard on Beverly, will include a movie theater, rooftop terrace, restaurant, private dining space and exhibition kitchen. The development will also feature 7,000 square feet of medical office space and a 6,000-square-foot synagogue.  The community is …

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Affordable HousingDevelopmentIndependent LivingNewsVirginia

True Ground Housing Partners Underway on $64M Affordable Seniors Housing Community in Metro D.C. 

by Hayden Spiess

CHANTILLY, Va. — True Ground Housing Partners has broken ground on a new affordable seniors housing community in Chantilly, roughly 30 miles outside Washington, D.C. Dubbed Avonlea Senior, the development will be situated within the Avonlea Town Center master-planned community by Peterson Cos.  Upon completion, the project will comprise 137 units reserved for residents age 55 and older. The property will also feature a wellness suite, business center and two community rooms.  Development costs will total roughly $64 million. Completion of the community is scheduled for summer 2026.  Financing for the …

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Assisted LivingCaliforniaDevelopmentMemory CareNews

Harbert South Bay Partners to Open 140-Unit Assisted Living, Memory Care Community in Dublin, California

by Hayden Spiess

DUBLIN, Calif. — Developer Harbert South Bay Partners will open The Whitford of Dublin, a new assisted living and memory care community, in Dublin in fall 2026.  Totaling 140 units, the property will feature residences in studio, one- and two-bedroom layouts. The largest floorplans will comprise 1,499 square feet.  Momentum Seniors Living will manage the community. 

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Affordable HousingDevelopmentIllinoisNews

Evergreen Real Estate Group Breaks Ground on 80-Unit Affordable Seniors Housing Community in Metro Chicago

by Hayden Spiess

FRANKLIN PARK, Ill. — Evergreen Real Estate Group has broken ground on Leyden Senior Apartments, a new affordable seniors housing community in Franklin Park, roughly 20 miles outside Chicago.  Upon completion, the development will comprise 80 units. Roughly 20 percent of the residences will be reserved for seniors earning at or below 50 percent of the area median income (AMI), with the remainder reserved for seniors earning at or below 60 percent of the AMI.  The project is a public-private partnership between developer Evergreen Real Estate Group — which will also …

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DevelopmentIndependent LivingMassachusettsNews

Elksy Development Completes 147-Unit Independent Living Community Near Boston

by Hayden Spiess

WEYMOUTH, Mass. — Elksy Development has completed the construction of and opened Cornerstone of Weymouth, a new independent living community located in Weymouth, roughly 15 miles south of Boston.  Architecture and design firm Meyer designed the building, which totals 154,962 square feet with 147 units. Amenities at the community include a theater room, game room, library, salon, fire pit, pickleball court, bocce court, outdoor grills and gardening beds. The property features three dining venues, including a coffee bar, pub and full-service restaurant.  Sona Senior Living will operate the community on behalf …

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Assisted LivingDevelopmentMemory CareNew JerseyNews

Benchmark Senior Living Underway on 86-Unit Assisted Living, Memory Care Community in New Jersey

by Hayden Spiess

SCOTCH PLAINS, N.J. — Benchmark Senior Living is underway on the development of a new assisted living and memory care community in Scotch Plains, New Jersey.  Upon completion, the facility will total 81,692 square feet of indoor and outdoor space, with 86 studio and one-bedroom units. Amenities at the property will include outdoor patios, a hair salon, recreation room, bistro and club room. A rooftop deck will host regular social hours and other events. Personalized care including assistance with bathing, dressing and medication management, will be available.  Benchmark in Scotch Plains …

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Affordable HousingDevelopmentFinanceMassachusettsNews

2Life Communities Receives State Funding for 127-Unit Affordable Housing Project in Boston

by Hayden Spiess

BOSTON — 2Life Communities has received funding in the form of low-income housing tax credits, state bond funds and rental subsidies from the state of Massachusetts for the development of an affordable seniors housing community in the Boston neighborhood of Mattapan. Massachusetts Gov. Maura Healey’s administration awarded the funding.  Dubbed Brooke House at Olmsted Village, the project will comprise 127 apartments reserved for seniors earning at or below 60 percent of the area median income.  The property will also feature a 2,400-square-foot public community space with a small convenience store. Brooke House will …

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