CHADDS FORD, Pa. — Cushman & Wakefield Senior Housing Capital Markets has raised equity and arranged $20.5 million in financing for the construction of The Residence at Chadds Ford, an 84-unit independent living, assisted living and memory care community in the Philadelphia suburb of Chadds Ford.
Development
SWANSEA, Ill. — Southwestern Illinois Development Authority (SWIDA), Bywater Development Group and Bi-State Development have broken ground on Metro Landing of Swansea, a $10.9 million seniors housing community adjacent to the Swansea MetroLink Station in the St. Louis suburb of Swansea.
NEW YORK CITY — A joint venture between Fort Schuyler Housing Development Co., Smith & Henzy Advisory Group Inc., MDG Design + Construction LLC, Concord Management of New York and partners has unveiled a $52.7 million renovation and refinancing plan for Fort Schuyler House, a 139-unit affordable seniors housing development in the Bronx.
CEDARBURG, Wis. — LTC Properties Inc. (NYSE: LTC) has entered into a joint venture with affiliates of Tealwood Senior Living and developer Tukka Properties to develop a $23 million independent living, assisted living and memory care community in the Milwaukee suburb of Cedarburg.