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Affordable HousingDevelopmentIllinoisNews

Evergreen Breaks Ground on $30M Bellwood Senior Apartments Near Chicago

by Jeff Shaw

BELLWOOD, Ill. — Evergreen Real Estate Group has broken ground on Bellwood Senior Apartments, an 80-unit affordable rental community in the western Chicago suburb of Bellwood. The $30 million project will replace a former Walgreens with a four-story, 73,228-square-foot residential building. Professionally operated by Evergreen’s in-house management team, Bellwood Senior Apartments will offer 76 one-bedroom and four two-bedroom independent living apartments for seniors age 62 or older, with incomes at or below 60 percent of the area median income. Evergreen will begin accepting applications for the apartments in spring 2023, …

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Affordable HousingDevelopmentFloridaNews

Integra Investments, EHDOC Complete $58M Mosaico Affordable Community in Miami

by Jeff Shaw

MIAMI — A joint venture between Miami-based Integra Investments and nonprofit Elderly Housing Development & Operations Corp. (EHDOC) has completed Mosaico, a $58 million affordable housing community in Miami. The 13-story property will span 271 apartments reserved for households with citizens aged 62 years and older. Located in Miami’s Allapattah neighborhood, Mosaico features 179 one-bedroom units and 92 studios and townhomes. CC Hodgson Architectural Group designed the project. Integra Investments and EHDOC worked alongside HUD, the Housing Finance Authority of Miami-Dade County, City of Miami and Miami-Dade Public Housing & …

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DevelopmentIllinoisNews

McShane Completes 166-Unit The Oaks at Algonquin in Illinois

by Jeff Shaw

ALGONQUIN, Ill. — McShane Construction Co. has completed construction of The Oaks at Algonquin, a 166-unit independent living, assisted living and memory care community in Algonquin, approximately 40 miles northwest of Chicago. Spectrum Retirement Communities is the developer of the three-story building. Vessel Architecture designed the property. Spectrum received local approval for the project in 2018, and construction began in 2020.

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Affordable HousingDevelopmentFloridaNews

Wendover Housing Partners Opens $27.6M Hawthorne Park Affordable Community in Orlando

by Jeff Shaw

ORLANDO, Fla. — Wendover Housing Partners and the government of Orange County, Florida, have opened Hawthorne Park, an affordable seniors housing community in the Pine Hills neighborhood of Orlando. Hawthorne Park replaces a portion of an underutilized shopping center. The 120-unit community is designed for residents 55 and older meeting income requirements. According to the National Low Income Housing Coalition (NLIHC) 2022 GAP report, the Orlando metro area only has 18 affordable and available homes per 100 extremely low-income renters. A recent study conducted at the request of the Orange …

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DevelopmentNewsTexas

Forefront Living Starts Construction of 239-Unit The Outlook at Windhaven in Plano, Texas

by Jeff Shaw

PLANO, Texas — Forefront Living has broken ground on The Outlook at Windhaven, a seniors housing community in Plano. Architecture firm “three” designed the 18-acre project. Plans call for 30 independent living cottage homes, 153 independent living apartments, and a 56-unit building for assisted living and memory care in a 530,000-square-foot building. A timeline for completion was not released.

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DevelopmentIndependent LivingLouisianaNews

Phoenix Senior Living Completes Independent Living Expansion in Hammond, Louisiana

by Jeff Shaw

HAMMOND, La. — Phoenix Senior Living (PSL) has completed an independent living at The Phoenix at Hammond in the New Orleans suburb of Hammond. PSL opened the community in 2021 with assisted living and memory care services available. PSL realized the town is underserved in the independent senior living space, so added 24 independent living apartments, which are now open. First Guaranty Bank is the lending partner for this project.

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Assisted LivingCaliforniaDevelopmentFinanceNews

CFG Provides $32.9M Construction Financing for Varenita of Temecula in California

by Jeff Shaw

TEMECULA, Calif. — Capital Funding Group (CFG) has provided a $32.9 million construction loan for the ground-up development of Varenita of Temecula. The 108-bed assisted living and memory care facility is located in Temecula, within Riverside County between Los Angeles and San Diego. The borrower and developer is Griffin Living. Brightwater Senior Living will operate the facility upon completion. The financing features a Commercial Property-Assessed Clean Energy (CPACE) structure, which allows building owners to borrow money for energy efficiency, renewable energy, or other projects and make repayments via an assessment …

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DevelopmentNewsWashington

Aegis Living Opens 96-Unit Community in Seattle

by Jeff Shaw

SEATTLE — Aegis Living has opened its 35th community, Aegis Living Greenwood, in the Greenwood neighborhood of Northwest Seattle. The 89,000-square-foot property features 96 units. The five-story building is inspired by the neighborhood and built with Tudor Revival architecture, a classic style most popular in the United States in the 1920s and ‘30s. Ankrom Moisan was the architecture firm and Venture was the general contractor. Aegis has several additional communities in development, including a community in the Eastlake neighborhood of Seattle opening next month.

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Affordable HousingDevelopmentFrom The Magazine

Developers Reinvent Adaptive Reuse

by Jeff Shaw

Creative projects tackle many of the biggest trends in seniors housing, such as multigenerational living, affordability, downtown locations and walkable neighborhood amenities. By Jeff Shaw Adaptive reuse projects are a tricky proposition for seniors housing developments, with a long list of both pros and cons.  On the positive side, a historic building that is valued in the community may find new life. Historic tax credits become available to help a project pencil out and increasing construction materials costs are mitigated by reusing an existing structure. Additionally, by reusing an existing …

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DevelopmentIndustry Voices

How Biophilic Design Impacts Living Well

by Jeff Shaw

Giving residents a front-row seat to nature has a positive effect on their lives.  By Amy Cheever Throughout history and across cultures, architects have drawn inspiration from nature to emulate a sense of well-being, serenity and connection within their finished space — evoking similar feelings and sensory perceptions as the awe of the natural world. This process is known as the immersive integration of biophilic design, a concept utilized by architects to respond to the innate need of humans to connect to nature through direct and indirect exposure.  Biophilia was …

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