Development

DevelopmentFeaturesNews

InterFace Panel: Developers Must Get Creative in Sourcing Financing, Changing Up Product Mix

by Jeff Shaw

ATLANTA — Charlie Jennings, chief development officer with Vero Beach, Fla.-based Harbor Retirement Associates, said he would challenge the “Stay alive until ‘25” mantra that some real estate professionals are touting amid today’s economic uncertainty. The phrase is a play on the late billionaire investor Sam Zell’s remarks amid the downturn in 1991 when he coined the mantra “Stay alive until ’95.” “I do not agree with that at all; that insinuates that we’re just going to sit on our hands as an industry and wait for somebody else to …

Continue Reading
1 FacebookTwitterLinkedinEmail
Assisted LivingDevelopmentMassachusettsNews

Anthology Opens Two Communities in Suburban Boston

by Jeff Shaw

NATICK and MILLIS, Mass. — Anthology Senior Living has opened Anthology of Natick and Anthology of Millis, both located in western suburbs of Boston. Anthology of Natick is situated within a mile of the Natick Center, offering art, culture, dining and shopping for residents. The property is also next door to the Natick Community Senior Center. Anthology of Millis is located near neighboring downtown Medfield and the Charles River, providing easy access to both nature and cultural amenities. Located just outside the city center on 5.5 acres, Anthology of Natick …

Continue Reading
0 FacebookTwitterLinkedinEmail
DevelopmentNews

Priya Living Launches First Community in India

by Jeff Shaw

FLOWER VALLEY, India — Priya Living has launched its first community in India — Priya Living Flower Valley (PLFV). The community is located in Flower Valley, an upscale township just south of Gurgaon, in the Delhi metro area. Designed for aging expatriates who want to spend at least part of the year in India, the community is also expected to appeal to older adults in India who want an alternative style of seniors housing. “We know that the diaspora wants to spend time in India as they age and come …

Continue Reading
0 FacebookTwitterLinkedinEmail
DevelopmentFloridaNews

Resort Lifestyle Communities Opens 128-Unit Pebble Springs in Lady Lake, Florida

by Jeff Shaw

LADY LAKE, Fla. — Resort Lifestyle Communities has opened Pebble Springs, a 128-unit independent living community in Lady Lake, approximately 50 miles northwest of Orlando. Apartments are available in studio, one-, two and three-bedroom layouts. “Our research revealed a substantial demand for high-quality independent senior living communities in the Lady Lake area,” says Steve Mueller, chief operating officer of Resort Lifestyle Communities.

Continue Reading
0 FacebookTwitterLinkedinEmail
CCRCDevelopmentFinanceNewsWashington

Ziegler Arranges $118.3M Bond Financing for Emerald Heights in Redmond, Washington

by Jeff Shaw

REDMOND, Wash. — Ziegler has arranged $118.3 million in bond financing for Emerald Heights, a continuing care retirement community in Redmond. Located approximately 17 miles northeast of Seattle, the 38-acre campus consists of 333 independent living units, including both apartments and cottages, 40 licensed assisted living beds, 16 memory care units and 61 skilled nursing beds. The bonds will be used to refinance 2013 bonds and fund an expansion project at the community. The first phase of the expansion, announced last week, will add 54 assisted living units and a sky …

Continue Reading
0 FacebookTwitterLinkedinEmail
Active AdultColoradoDevelopmentInvestmentNews

Realty Capital Partners Invests $11.7M in Active Adult Development in Basalt, Colorado

by Jeff Shaw

BASALT, Colo. — Realty Capital Partners, a Dallas-based equity investor, has invested $11.7 million in the development of 72 residential rental units tailored for active adults in Basalt. Developer Realty Capital Residential has acquired the land and secured all necessary entitlements, permits and approved plans. The project will encompass a modern living concept and 2,600 square feet of ground-floor restaurant space. Groundbreaking is set for this month, with completion slated for August 2025. The community will feature one- and two-bedroom floor plans ranging from 675 square feet to 1,322 square …

Continue Reading
0 FacebookTwitterLinkedinEmail
Affordable HousingDevelopmentNewsVirginia

APAH Opens 150-Unit Oakwood Meadow Affordable Community in Alexandria, Virginia

by Jeff Shaw

ALEXANDRIA, Va. — The Arlington Partnership for Affordable Housing (APAH), along with development partners and Fairfax County officials, has cut the ribbon on Oakwood Meadow Senior Residences. The affordable housing development for independent seniors is located in Alexandria and offers 150 one- and two-bedroom apartments for qualifying adults age 62 and older who earn between 30 and 60 percent of the area median income (AMI). Located on a site that was formerly a stormwater retention pond, this project demonstrates a public-private partnership between APAH and Fairfax County Redevelopment and Housing …

Continue Reading
0 FacebookTwitterLinkedinEmail
ArkansasDevelopmentNews

Arrow Opens 158-Unit The Summit Senior Living at Chenal Valley in Little Rock, Arkansas

by Jeff Shaw

LITTLE ROCK, Ark. — Arrow Senior Living has opened The Summit Senior Living at Chenal Valley in Little Rock.  Built by O’Reilly Development, the property is situated in the bustling West Little Rock area and sits on 12 acres near outdoor recreation, shopping and fine dining.  The 163,000-square-foot property features 96 independent living units, 44 assisted living units and 18 memory care units. The Summit Senior Living at Chenal Valley is the first Arrow-operated community in Arkansas and the 35th in the nation.

Continue Reading
0 FacebookTwitterLinkedinEmail
Assisted LivingCCRCDevelopmentNewsWashington

Emerald Communities Begins $55M Assisted Living Expansion at Emerald Heights in Redmond, Washington

by Jeff Shaw

REDMOND, Wash. — Emerald Communities has broken ground on an assisted living expansion project in Redmond, approximately 10 miles east of Seattle.  The development will add 54 one-bedroom units to Emerald Heights, a continuing care retirement community. The project also includes a dining space, activity rooms, an outdoor patio and a centralized courtyard across 67,55 square feet. Development costs are estimated at $55 million. Dean Kelly of the architecture firm Rice Fergus Miller is leading the design, and also recently managed Emerald Heights’ new 42-unit independent living building and earlier …

Continue Reading
0 FacebookTwitterLinkedinEmail
Affordable HousingDevelopmentMassachusettsNews

2Life Communities Breaks Ground on 68-Unit Leland House Affordable Development in Waltham, Massachusetts

by Jeff Shaw

WALTHAM, Mass. — 2Life Communities has broken ground on Leland House, a 68-unit affordable seniors housing development in the Boston suburb of Waltham. The new development will stand at the site of the former Leland Home, a community serving 38 seniors founded in 1879 that provided personalized residential and nursing care to seniors in Waltham for nearly 140 years. “Hannah Leland had a mission, and it’s got to continue,” says Waltham Mayor Jeannette A. McCarthy. “There is a shortage of affordable housing, and while luxury housing is built all the …

Continue Reading
0 FacebookTwitterLinkedinEmail
Newer Posts
Older Posts