PEORIA, Ill. — Good Neighbor Care — current operator of the Grand Victorian of Pekin and the Grand Victorian of Washington — plans to develop a new senior living community in North Peoria near Orange Prairie with Wilkinson Development LLC.
Development
LAKEWOOD, Colo. — RED Capital Partners LLC, the proprietary debt and equity banking arm of comprehensive capital provider RED Capital Group LLC, has completed an $8.8 million balance sheet construction loan to Milestone Retirement, the Crystal Group and Taylor Fitzpatrick Capital for the construction of Lakewood Memory Care, a Class A development located just outside of Denver.
KEARNS, Utah — RED Capital Partners LLC, the proprietary debt and equity banking arm of comprehensive capital provider RED Capital Group LLC, has completed a $13.86 million balance sheet loan to Link Development LLC for the construction of Summit Senior Living, located just outside Salt Lake City.
VINCENNES, IND. — Flaherty & Collins Properties and Myszak + Palmer will host a grand opening ceremony for Clark’s Crossing, a senior living center in Vincennes, on March 18. The property is located at 300 N. 6th St. Clark’s Crossing features 47 one- and two-bedroom apartment homes, which include fully equipped kitchens with energy efficient appliances, hardwood flooring, oversized closets, and washers and dryers.
SEBASTIAN, Fla. — Watercrest Senior Living Group, Walker & Company construction, MBV Engineering and Sebastian city officials have broken ground for Pelican Landing Assisted Living and Memory Care in Sebastian. Watercrest — the developer, owner and operator of the 65,000-square-foot, 89-unit senior living community — plans to open the building to residents in the spring of 2016.
FT. LAUDERDALE, Fla. — Glavovic Studio, a Fort Lauderdale-based architecture, urban design and planning firm, is nearing completion of renovating the Sailboat Bend Apartments, a seven-story, 105-unit affordable housing community for seniors in downtown Fort Lauderdale.