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Affordable HousingDevelopmentIndianaNews

Evergreen Breaks Ground on $30M Green Oaks of Valparaiso Affordable Community in Indiana

by Jeff Shaw

VALPARAISO, Ind. — Chicago-based Evergreen Real Estate Group has started construction of Green Oaks of Valparaiso, a three-story, 120-unit assisted living community for low-income seniors in Valparaiso. The $30 million project is scheduled for completion in April 2023. It will offer 48 studio and 72 one-bedroom apartments, all of which will be reserved for seniors age 62 or older with incomes at or below 60 percent of the area median income (AMI). A financial assistance program will be available for those who qualify. Green Oaks of Valparaiso will be licensed …

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Assisted LivingDevelopmentNewsTexas

Anthology Plans Two Communities Totaling 251 Units in Austin, Dallas

by Jeff Shaw

DALLAS and AUSTIN, Texas — Anthology Senior Living has released plans for two new senior living communities in Austin and Dallas that include a total of 251 residences. Once these projects are complete, Anthology Senior Living will have a total of six communities in the state of Texas. Anthology of The Arboretum, located on 2.1 acres in Austin, will offer assisted living and memory care options. The 131,000-square-foot development is located between The Arboretum and The Domain, two major retail centers including many high-end shops and restaurants. The five-story building …

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Active AdultDevelopmentNewsOhio

True Connection Completes Verena at Hilliard Active Adult Community in Ohio

by Jeff Shaw

HILLIARD, Ohio — True Connection Communities has completed development of Verena at Hilliard, an active adult community in Hilliard, a suburb of Columbus. The property features one- and two-bedroom options and offers direct interior access to the Hilliard branch of the Columbus Metropolitan Library. A grand opening will be held on Wednesday, June 8.

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Assisted LivingCaliforniaDevelopmentNews

Oakmont Prepares to Open Two New Communities in California

by Jeff Shaw

COVINA and MOORPARK, Calif. — Oakmont Senior Living has opened model homes at its Moorpark and Covina locations in anticipation of completion this summer. The studio, one-bedroom and two-bedroom model apartment homes will allow guests to take tours and get a first-hand glimpse into the upcoming communities. The communities offer assisted living and memory care units. The numbers of units at each were not disclosed.

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DevelopmentNewsPennsylvaniaSkilled Nursing

Rosette Converts Single-Family Home into Eight-Unit Community in Gladwyne, Pennsylvania

by Jeff Shaw

GLADWYNE, Pa. — Rosette, a conversion of a single-family home into a seniors housing community, has opened its doors in Gladwyne, a Philadelphia suburb within the Main Line region that follows the former Pennsylvania Railroad track. Inspired by a pod-like senior living concept found on the West Coast, Rosette has been updated and restored for eight immobile or otherwise disabled seniors so they can live and receive assistance together as a group. Rosette’s licensed personal care model is based on real-life family living. With full-time caregivers in the home 24/7, …

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CCRCDevelopmentFinanceNewsSouth Carolina

Ziegler Arranges $27.5M Bond Refinancing for Lutheran Homes of South Carolina

by Jeff Shaw

SOUTH CAROLINA — Ziegler has arranged $27.5 million in bond financing for The Lutheran Homes of South Carolina (LHSC). The borrower is a South Carolina-based nonprofit corporation that currently operates five life plan communities, three hospice offices and four non-medical in-home services agencies throughout South Carolina. LHSC operates a total of 1,077 units (409 independent living, 308 assisted living and 360 skilled nursing), ranking as the 83rd largest nonprofit senior living operator in the U.S. according to the 2021 LeadingAge Ziegler 200. First Horizon Bank, an LHSC existing banking partner, …

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Affordable HousingCompany NewsDevelopmentNews

Puget Sound Nonprofits Combine to Create New Affordable Housing Brand

by Jeff Shaw

BELLEVUE, Wash. — Three Puget Sound-based nonprofits have come together to create CIRC, a new brand that provides affordable housing and services to seniors and families. Sustainable Housing for Ageless Generations (SHAG), the Community Life Foundation (CLF) and Downtown Action to Save Housing (DASH) have joined forces to create CIRC. All three organizations are longtime leaders in affordable housing and resident services in Puget Sound. Each component brings different expertise to the new brand, positioning CIRC to provide both housing and services to a wide range of residents. CIRC will …

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DevelopmentNewsVirginia

Watermark, Silverstone Open $100M The Landing in Alexandria, Virginia

by Jeff Shaw

ALEXANDRIA, Va. — Watermark Retirement Communities and Silverstone Senior Living have opened The Landing, a seniors housing community in Alexandria. Development costs are estimated at $100 million. The project is located within South Potomac Yard, nearby to National Landing, Virginia Tech’s Innovation Campus and the future Inova Oakville Healthplex as well as the soon-to-be-open Potomac Yard Metro Station. Construction began in 2020 on the nine-story building. The Landing features 163 apartments with 40 units dedicated to independent living, 89 units to assisted living and 34 units to memory care. The …

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Affordable HousingDevelopmentMissouriNews

Joint Venture Breaks Ground on 50-Unit Elm Ridge Mixed-Income Community in Hazelwood, Missouri

by Jeff Shaw

HAZELWOOD, Mo. — A partnership including Roanoke Construction Inc., The Oakland Group LLC, The Unicorn Group LLC and BTWF Urban Initiative has broken ground on Elm Ridge Senior Living, a mixed-income senior living community in Hazelwood, a suburb of St. Louis. Construction is financed in part by resources from Missouri Housing Development Commission and private investors and lenders including St. Louis Equity Fund, Sugar Creek Capital and Legacy Bank and Trust. Once complete, the elevator-served building will feature 50 one- and two-bedroom apartments for seniors 55 years of age and …

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