MARLTON, N.J. — Capitol Seniors Housing has completed Arbor Terrace Marlton, an 87-unit assisted living and memory care community in Marlton, approximately 15 miles east of Philadelphia. Project partners include operator The Arbor Co., architecture and design firm Meyer, and builder IMC Construction. The three-story, 76,500-square-foot community features 60 assisted living apartments, 27 memory care units and 15,000 square feet of amenity space. Construction began in April 2021.
GLASSBORO, N.J. — Pennrose, The Housing Authority of the Borough of Glassboro (GHA), Gloucester County and other project partners have opened Village at Harmony Garden, an affordable seniors housing community in Glassboro, 20 miles south of Philadelphia. The $20M redevelopment transformed the 10-acre site that was the Ellis Manor public housing complex into 64 affordable apartments with supportive services for residents age 55 and older, as well as individuals with disabilities, and one resident superintendent unit. Village at Harmony Garden includes a mix of one- and two-bedroom apartments in one-story, …
HOWELL, N.J. — A partnership between New Jersey-based investment firm AMS Acquisitions and Miami-based holding company Vector Group has broken ground on a 100-unit seniors housing project in Howell, located east of Trenton near the Jersey Shore. The site spans 14 acres, and the four-building project will feature one- and two-bedroom units that will be reserved for renters age 55 and above. Amenities will include a pool, great room with a communal kitchen, fitness center, outdoor grilling areas and a tenant lounge. Construction is expected to last about 18 months.
By Ray Yancey and Janice Sanada, LRS Architects The seniors housing industry is constantly evolving to meet the needs of residents. The baby boomer generation is quickly becoming the largest demographic of the seniors housing community, and their demands significantly differ from their predecessors. Whereas previous generations embraced designs where seniors housing communities were isolated from the broader community, baby boomers desire a melding of suburban and urban elements, such as entertainment venues, restaurants, professional business services and retail spaces. They also want these amenities to be closer. Blending these …
HICKORY, N.C. — Ziegler has arranged $32 million in direct bank revenue bonds through the North Carolina Medical Care Commission for EveryAge, formerly United Church Homes and Services. The borrower is developing a 95-unit independent living rental community that will be known as BellaAge Hickory. Located in downtown Hickory, approximately 15 miles from EveryAge’s Abernethy Laurels community, BellaAge will comprise one- and two-bedroom apartments ranging from 817 to 1,397 square feet with monthly rents ranging from $2,043 to $3,632. The tax-exempt, draw-down, bank-held bonds feature a seven-year commitment that automatically …
TIGARD, Ore. — Ryan Companies US Inc., Cogir Senior Living and Harrison Street have formed a joint venture to build Cogir of Tigard, a 107-unit seniors housing community in Tigard, approximately 10 miles southwest of Portland. The joint venture has already closed on financing and started construction of the high-end community. The Tigard market area’s senior population is expected to grow by nearly 28 percent over the next five years, according to ESRI. Cogir of Tigard is Ryan’s first senior living project in Oregon. The community will total 119,506 square …
TAYLORSVILLE, Utah — D.A. Davidson’s Special District Group, in partnership with Petros PACE Finance, has arranged $160 million in Commercial Property Assessed Clean Energy (C-PACE) financing for Summit Vista, Utah’s first life plan retirement community. Representing the largest C-PACE deal in history, according to the arrangers, the proceeds will be dedicated toward ongoing construction with a focus on enhancing the development’s energy efficiency, renewable energy and water efficiency. Owned in partnership with Gardner Group, Wasatch Group and Solamere Capital, Summit Vista offers a full continuum of care, including independent living, …
BEL AIR, Md. — Park Avenue Lifestyle has purchased a site within James Run, a mixed-use development underway in the Baltimore suburb of Bel Air, from master developer JEN Partners, a real estate private equity fund based in New York. The Orlando-based buyer plans to develop a $70 million seniors housing community on the site that will feature independent living, assisted living and memory care units, as well as a fitness center, outdoor courtyards, walking paths and an in-house restaurant and pub. At full build-out, which is anticipated for 2025, …
ORANGE, Calif. — Sunrise Senior Living has opened Sunrise of Orange in Orange, approximately 30 miles southeast of downtown Los Angeles. HPI Architecture designed the community, which general contractor W.E. O’Neil Construction built. Although the number of units was not disclosed, Sunrise says the property can serve more than 100 residents and will offer assisted living and memory care accommodations. The 75,000-square-foot, three-story property sits on a 1.5-acre site adjacent to Eisenhower Park.
WOODBURY, Minn. — A partnership between Ryan Cos. US Inc. and Great Lakes Management have completed construction of Talamore Senior Living Woodbury in Woodbury, just east of Minneapolis-St. Paul. Talamore Woodbury is a four-story, 245,00-square-foot senior living community with 90 independent living units, 70 assisted living units, 26 memory care units and 14 care suites. Construction began in September 2021. This is the second Talamore senior living community in the state and the third through the partnership between Ryan and Great Lakes. The property is also the second joint venture …
