BRUNSWICK, WELLS and WESTBROOK, Maine — Massachusetts-based owner/operator Northbridge Cos. and Portland-based developer Sandy River Co. are set to break ground next week on three new communities: Avita of Brunswick in Brunswick, Avita of Wells in Wells and Stroudwater Lodge in Westbrook, all in southern Coastal Maine.
Development
CBRE National Senior Housing has arranged an $18.3 million construction loan for a joint venture between Pathway Senior Living and Virtus Real Estate Capital. The joint venture will build Azpira Place of Lake Zurich, a 120-unit assisted living community in the Chicago suburb of Lake Zurich.