NEWTON, Mass. — 2Life Communities has broken ground on Opus Newton, a middle-income senior living development in Newton, just west of Boston. The groundbreaking takes place a year ahead of schedule, with 95 percent of the 174 available apartments already pre-leased, according to the developer. “The way we view aging is shifting and so should the care and living options surrounding it,” says Amy Schectman, 2Life president and CEO. “Opus prioritizes affordability, community and not only aging in place, but aging in the right place. This model brings a breakthrough …
CUTLER BAY, Fla. — General contractor ANF Group Inc has broken ground on Sol Vista, a 227-unit affordable seniors housing community in Cutler Bay, approximately 20 miles south of downtown Miami. MRK Partners and Cypress Equity Investments are co-developers on the project. The two companies are partnering with the Housing Finance Authority of Miami-Dade County, the Florida Housing Finance Corp., R4 Capital LLC and R4 Capital Funding to finance the development. Sol Vista’s affordability will be preserved for 30 + years, thanks to a new regulatory agreement on the property. …
MILLVILLE, EGG HARBOR TOWNSHIP and HAMMONTON, N.J. — New Standard Senior Living has completed development of three Medicaid-focused assisted living communities in South Jersey. All three communities feature individual (single-occupant-only) studio apartment-style residences. The Millville community offers 154 units while the second, Egg Harbor Township location offers 166 units. The last of the initial three communities, located in Hammonton, is nearing its completion with 174 units this spring. The communities are the first of their kind in the state of New Jersey, according to New Standard, and are designated to …
CORAL GABLES, Fla. — Sunrise Senior Living has broken ground on its first community in metro Miami, Sunrise of Coral Gables. The 94-unit building is slated to rise six stories and total 90,000 square feet. Opening is scheduled for 2024. Sunrise’s in-house development and design teams are partnering with Coral Gables-based architecture firm Behar Font & Partners and general contractor Winmar Construction. The site for Sunrise of Coral Gables was chosen for its accessibility and convenience. On the main street of Ponce de Leon, the community has access to neighboring …
By Mary Johannesen, Principal, Thriven Design COVID-19 has undoubtedly changed the way we live, work, play and function within our communities. Although a sense of normalcy has returned to daily life, the ramifications from the pandemic and subsequent lifestyle changes continue to drive development and design trends in the seniors housing industry. Older adults, now more than ever, are prioritizing amenities and functionality that improve their quality of life and ability to age in place safely and comfortably. From affordable housing to market-rate senior living communities, here are a few …
NEW ORLEANS — Liberty Senior Living has opened The Carrollton, a seniors housing adaptive reuse of a former courthouse in New Orleans. The community features 73 assisted living and 20 memory care units. The project renovated 16,000 existing square feet, while adding 85,000 more. Construction of Carrollton Courthouse and the adjacent jailhouse were commissioned by Jefferson Parish in 1854 and completed in 1855. Architect Henry Howard designed the property in the Greek Revival style. The Carrollton Courthouse served as the seat of government for Jefferson Parish until it was annexed …
Developers look to capitalize on the 73 million baby boomers who are now seniors. By R.J. DeBee III Baby boomers, the generation that started the rebellious youth movement in the 1960s, are still shaking up American society. They represent a demographic shift known as the “silver tsunami” that is sweeping the country. The rate of U.S. baby boomers, estimated at about 73 million, entering their senior years continues to grow significantly. An estimated 10,000 people are turning 65 daily, with the leading edge of this age group now in their …
Through value-add acquisitions and ground-up developments, new owner-operator is a big believer in the power of collaboration. By Jeff Shaw For a company that’s less than two years old, Distinctive Living has grown quickly. Launched in 2021, Distinctive currently operates 27 seniors housing communities under third-party contracts, with 19 of its own ground-up projects in some phase of development through its affiliate company, Distinctive Living Development. The company, based in Freehold, New Jersey, plans to have an ownership stake in all its own development endeavors. Those 27 communities total 2,881 …
SIMI VALLEY, Calif. — Ziegler has arranged $29 million in bond financing for Ensō Verde, a seniors housing currently under development in Simi Valley. The borrower is Kendal Corp., which began developing the continuing care retirement community in 2022. Locate don 21 acres, plans call for 237 independent living units, 24 assisted living units, 24 memory care units and related amenities and common areas. The California Public Finance Authority issued the unrated bonds, which are a mix of tax-exempt and taxable. The bonds will be used to purchase the development …
BOSTON — Beacon Communities, a developer in the affordable, market-rate and mixed-income property space, including seniors housing, has hired Justin Babineaux as associate general counsel of property management. Most recently, Babineaux served as staff attorney at Columbia Residential, where he managed and oversaw legal matters relating to fair housing and regulatory compliance. In his new role, Babineaux will serve as primary legal support for the property management team in all legal aspects of the ownership and management of affordable and mixed-income housing communities. Reporting to Beacon’s general counsel, he will …