Development

Active AdultDevelopmentIllinoisNews

Focus Completes Construction of Everleigh Active Adult Community in Vernon Hills, Illinois

by Jeff Shaw

VERNON HILLS, Ill. — Acting as general contractor, Focus has completed construction of Everleigh, an active adult community in Vernon Hills, a northern suburb of Chicago. Greystar is the property’s developer. Everleigh Vernon Hills features 173 apartments ranging in size from 567 to 1,373 square feet, as well as seven duplex cottages. Monthly rents start at $1,800. Meeks + Partners designed the four-story building. Greystar launched the Everleigh by Greystar active adult brand in 2017 and now has locations in eight states.

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Assisted LivingDevelopmentNewsVirginia

Sunrise Senior Living Opens Sunrise of McLean Village in Metro D.C.

by Jeff Shaw

MCLEAN, Va. — Sunrise Senior Living has opened Sunrise of McLean Village, a seniors housing community located at 1515 Chain Bridge Road in McLean, roughly 15 miles outside Washington, D.C. Comprising 90,000 square feet, the three-story property has the capacity for more than 120 residents and offers assisted living and memory care accommodations. Amenities at the community include a dining room and bistro with a bar, fitness center, library, two sunrooms, an activity room, hair and nail salon and a massage room. The property also features five covered porches, a …

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Active AdultDevelopmentMassachusettsNews

MassDevelopment Provides $129M in Bond Financing for Opus Newton Project Near Boston

by Jeff Shaw

NEWTON, Mass. — MassDevelopment has provided $129 million in tax-exempt bond financing for the construction of Opus Newton, a 174-unit seniors housing project that will be located on the western outskirts of Boston. The borrower and developer is locally based nonprofit organization 2Life Communities. Construction began in March and is scheduled for completion in mid-2025. Opus Newton, an age-restricted complex with units reserved for renters age 62 and above, is being constructed on four acres at 777 Winchester St. The property will house 62 two-bedroom units and 112 one-bedroom apartments. …

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Assisted LivingDevelopmentInvestmentNewsVirginia

JLL Arranges Joint Venture Equity for 142-Unit Development in Fredericksburg, Virginia

by Jeff Shaw

FREDERICKSBURG, Va. — JLL Capital Markets has arranged joint venture equity for development of a seniors housing community in Fredericksburg, approximately midway between Richmond and Washington, D.C. Centric Development LLC is developing the property, which will feature 106 assisted living and 36 memory care units. The three-story, 153,000-square-foot property is situated on a 16.2-acre parcel. The site is within an established, regional medical hub in a growing area. Completion is scheduled for 2025. Joel Mendes, Anthony T. Fertitta Jr. and Billy Lichtenstein led the JLL Capital Markets Advisory team.

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DevelopmentNewsTennessee

Liberty Senior Living Completes Brightmore of East Memphis

by Jeff Shaw

EAST MEMPHIS, Tenn. — Liberty Senior Living has completed construction of Brightmore of East Memphis, an independent living, assisted living and memory care community in East Memphis. Liberty both owns and operates the community. Construction began in 2021. The development sits on an eight-acre site features 64,000 square feet of amenity space. The number of units was not disclosed.

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DevelopmentKansasNews

Lifespace Completes Renovations at Claridge Court Near Kansas City

by Jeff Shaw

PRAIRIE VILLAGE, Kan. — Lifespace has completed renovations at Claridge Court, a seniors housing community in Prairie Village, approximately 10 miles south of Kansas City. The project, which updated Claridge Court’s living spaces, communal areas and amenities, took about a year. One of the highlights of the renovation is the new Health Center Terrace, which was made possible in part by the Claridge Court Foundation, a resident-run organization dedicated to supporting the community. The foundation provided funding for the new addition along with many other features in the community. Claridge …

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Assisted LivingColoradoDevelopmentNews

Confluent, MorningStar Open 81-Unit Observatory Park Community in Denver

by Jeff Shaw

DENVER — Project partners Confluent Senior Living and MorningStar Senior Living have completed construction of MorningStar at Observatory Park. Located in Denver’s historic Observatory Park neighborhood, the 89,900-square-foot senior living community represents the partners’ 13th joint venture across five states. The five-story, urban infill community offers 58 assisted living and 23 memory care suites as well as 47 underground parking spaces. “The Observatory Park property is in the heart of one of Denver’s most central, tight-knit and vibrant neighborhoods where residents will benefit from convenient access to local parks, golf …

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Affordable HousingDevelopmentNewsPennsylvania

Pennrose Breaks Ground on 51-Unit Affordable Community in Philadelphia’s Chinatown Neighborhood

by Jeff Shaw

PHILADELPHIA — Pennrose has broken ground on 800 Vine Senior, which will convert an underutilized surface parking lot in Philadelphia into a 51-unit affordable seniors housing development. Located in the Chinatown neighborhood of Philadelphia, the community is scheduled to open in summer 2024. The five-story building will feature 51 units with a mix of studio, one- and two-bedroom apartments. Six units will be available for residents earning up to 20 percent of area median income (AMI), 20 units will be available for seniors earning at or below 50 percent of …

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DevelopmentNew MexicoNews

Insight Senior Living Breaks Ground on 144-Unit Ativo of Albuquerque

by Jeff Shaw

ALBUQUERQUE, N.M. — Insight Senior Living has broken ground on Ativo of Albuquerque, a three-story independent living, assisted living and memory care community in Albuquerque. Situated on 6.5 acres, Insight Senior Living will be the operator and Link Senior Development arranged financing. Ativo of Albuquerque will offer 144 apartments. The community is scheduled to open in winter 2024.

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Assisted LivingDevelopmentNewsOhio

Confluent, Harbor Open 108-Unit HarborChase of Shaker Heights in Ohio

by Jeff Shaw

SHAKER HEIGHTS, Ohio — Confluent Senior Living and Harbor Retirement Associates (HRA) have completed HarborChase of Shaker Heights, a 106,698-square-foot assisted living and memory care community in the Cleveland suburb of Shaker Heights. Representing the first project of its kind to break ground in this city within the past 20 years, the three-story community features 80 assisted living units and 28 memory care units. HarborChase of Shaker Heights is the project partners’ second senior living property in Ohio and ninth joint venture across six states. Situated on nearly three acres, …

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