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Affordable HousingDevelopmentFinanceFloridaNews

CREI Holdings Receives $67M Construction Loan for Affordable Project in Metro Miami

by Jeff Shaw

SWEETWATER, Fla. — CREI Holdings has received a $67 million construction loan from Centennial Bank to build an affordable and workforce housing mid-rise building in Sweetwater, just west of Miami.  Construction of Li’l Abner III is set to begin in the second quarter of this year, with completion expected in the second quarter of 2026.  Coral Gables-based Burgos Lanza Architects and Planners designed the eight-story project, which features 328 one- and two-bedroom apartments. Of these, 40 percent will be designated for households with an income up to 80 percent of …

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DevelopmentIndependent LivingNew JerseyNews

Resort Lifestyle Communities Completes Parkers Bend Retirement Community in Moorestown, New Jersey

by Jeff Shaw

MOORESTOWN, N.J. — Resort Lifestyle Communities has completed Parkers Bend Retirement, an independent living community in Moorestown, approximately 10 miles east of Philadelphia.  The company will hold a grand opening for the community on April 18. Although the number of units was not disclosed, they come in studio, one-, two- and three-bedroom plans.

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Affordable HousingDevelopmentIndianaNews

Evergreen Real Estate Group Completes 120-Unit Affordable Assisted Living Community in Goshen, Indiana

by Jeff Shaw

GOSHEN, Ind. — Evergreen Real Estate Group has completed Green Oaks of Goshen, a 120-unit assisted living community for low-income seniors in Goshen, a city in northern Indiana.  Evergreen Construction Co., a division of Evergreen Real Estate Group, served as general contractor on the project, which recently welcomed its first residents and is currently 50 percent leased.  Located at 282 Johnson St., the $30 million project replaces a vacant, three-acre lot on the city’s north side near an existing Salvation Army building. Bourbonnais, Ill.-based Gardant Management Solutions operates the four-story …

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Affordable HousingDevelopmentNewsVirginia

APAH Opens $31.5M Ilda’s Overlook Senior Residences in Fairfax, Virginia

by Jeff Shaw

FAIRFAX, Va. — Arlington Partnership for Affordable Housing (APAH) has opened Ilda’s Overlook Senior Residences, an affordable seniors housing community in Fairfax, approximately 15 miles west of Washington, D.C.  The community provides 80 affordable units to seniors age 62 and above with incomes at or below 60 percent of the area median income (AMI).  Ilda’s Overlook was built in partnership with Fairfax County Redevelopment and Housing Authority (FCRHA) and Erickson Senior Living. The property’s name, Ilda’s Overlook, is a nod to Black history in Fairfax County. It references a community …

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Affordable HousingDevelopmentNew JerseyNews

Hudson Valley Property Completes Renovation of 283-Unit Affordable Complex in Jersey City

by Jeff Shaw

JERSEY CITY, N.J. — Hudson Valley Property Group has completed the renovation of Grandview Terrace Apartments, a 283-unit affordable seniors housing complex in the Journal Square area of Jersey City.  The $15.2 million, 16-month project upgraded the cabinetry, countertops, appliances, lighting, flooring, walls and water fixtures in the units and added amenities such as a new sky lounge with a stretching room, community room, library and a computer center.  KeyBank provided construction financing for the project, and that loan was refinanced under HUD’s 223(f) program upon completion.

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Affordable HousingDevelopmentFloridaNews

HTG, AM Affordable Housing Open $44M Tucker Tower in Miami

by Jeff Shaw

MIAMI — Housing Trust Group (HTG), a leading multifamily developer, and AM Affordable Housing, a nonprofit founded by NBA Hall of Famer and Miami Heat legend Alonzo Mourning, have opened Tucker Tower. The $44 million affordable housing community for seniors age 62 and older is located in the Perrine neighborhood of southern Miami. Tucker Tower, the eighth joint venture between HTG and AM Affordable Housing, will be exclusively available to income-qualifying residents, ensuring accessibility to those earning at or below 25, 30, and 60 percent of the area median income …

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Affordable HousingDevelopmentIndustry Voices

The Way Forward: A Developer’s Vision for Affordable Seniors Housing

by Jeff Shaw

By Joy Silver The scarcity of affordable housing is already a prominent crisis in communities across the United States, and it is even more acute and pronounced for seniors — a population that often finds themselves overlooked and underserved. How did we get here and what’s the best way to bring solutions to the table? Demographic shifts and “the 2030 problem” The demographic landscape of the United States is undergoing a significant shift, with baby boomers constituting the nation’s fastest-growing subpopulation. By 2030, every single baby boomer will be 65 …

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DevelopmentIndustry Voices

Three Design Trends Baby Boomers Will Love

by Jeff Shaw

By Becky Trybus, CHID, EDAC, RID, IIDA Senior living design is now squarely focused on the already-here and not-yet-peaked baby boomer generation. This generation grew up with higher household incomes and in a blossoming consumer-based society. Living longer with money to spend, boomers make up the largest demographic in the United States.  Health, wealth and quality experiences embody this segment of our population, so it’s no wonder why they’ll expect this to continue in their later years. Let’s explore how these key generational traits translate into the built environment, practical …

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DevelopmentIndustry Voices

Question of the Month: The ‘Wow’ Factor

by Jeff Shaw

How can the owner of an older property improve the ‘wow’ factor to better compete in the marketplace? Play to your strengths By Megan Longley Vice President, Sales Acts Retirement-Life Communities The most important way to “wow” is always in the human element of the first impression. That is what prospects are really registering and making the decision against: Warm greetings, staff introducing themselves in the hallways, happy and engaged residents.  To compete, all of us must pay routine attention to curb appeal — that means signage, landscaping, easy car-to-curb …

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Assisted LivingDevelopmentFloridaNews

ANF Group Completes 121-Unit Providence Living at Pembroke Pines in Florida

by Jeff Shaw

PEMBROKE PINES, Fla. — ANF Group Inc. has completed construction of Providence Living at Pembroke Pines, a new assisted living facility and memory care facility in Pembroke Pines, Florida. The 114,003-square-foot community features 81 units of assisted living and 40 units of memory care. The project is located on 3.15 acres at the entrance to the Pembroke Pines City Center, approximately 20 miles north of Miami. Providence One Development and ANF Real Estate Group developed the property. ANF Group was the general contractor, while Providence Senior Living will manage the …

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