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Supply Chain Issues Slow Seniors Housing Development as Demand Balloons, Say InterFace Panelists

by Jeff Shaw

ATLANTA — Delays in the arrival of building materials — everything from windows and roof trusses to microchips for electrical panels — is one of the biggest hurdles slowing down new seniors housing developments, according to Kristin Kutac Ward, CEO of Solvere Living. Ward’s comments came during the ninth annual InterFace Seniors Housing conference. The event, which took place Aug. 17 at the Westin Buckhead in Atlanta, was hosted by France Media’s InterFace Conference Group and Seniors Housing Business and drew 324 attendees. Joining Ward on the development panel was …

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DevelopmentFloridaNews

Allegro Plans 188-Unit Community in Fort Lauderdale, Florida

by Jeff Shaw

FORT LAUDERDALE, Fla. — Allegro Senior Living has unveiled plans for Allegro Fort Lauderdale, its 12th community in the state. The eight-story, 280,000-square-foot property will feature 188 units with views of the adjacent waterway and Atlantic Ocean. The community will offer independent living, assisted living and memory care services, though the number of units of each was not disclosed. Alliance Residential Co. is leading the development. Other partners include MSA Architects and FLYNN Engineering. Allegro Senior Living will assume management and oversight of the community upon completion. Allegro plans to …

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ArizonaAssisted LivingDevelopmentNews

Vista Living Completes 10,000 SF Community in Paradise Valley, Arizona

by Jeff Shaw

PARADISE VALLEY, Ariz. — Vista Living Senior Care Inc. has opened its newest assisted living home in Paradise Valley, a northeastern suburb of Phoenix. The 10,000-square-foot property is Vista’s fourth in the Phoenix metro. The number of units was not disclosed. “We believe that the Paradise Valley market is undersupplied,” says Vista Living CEO Brett Weisel.

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Active AdultDevelopmentNewsTennessee

McShane Completes Album Indian Lake Active Adult Community in Hendersonville, Tennessee

by Jeff Shaw

HENDERSONVILLE, Tenn. — McShane Construction Co. has completed work on Album Indian Lake, located in the heart of the Indian Lake Village in Hendersonville. The community offers 138 units for adults 55 and older. The community is Avenida’s 12th and the second between McShane and Avenida. The property offers more than 6,000 square feet of interior amenity space within a detached clubhouse within the three-story building on a five-acre site. Poole & Poole Architecture provided architectural services for the development.

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DevelopmentMichiganNews

Resthaven Breaks Ground on The Farmstead in Holland, Michigan

by Jeff Shaw

HOLLAND, Mich. — Resthaven, a faith-based nonprofit owner-operator, has broken ground on The Farmstead by Resthaven in Holland, located by Lake Michigan west of Grand Rapids. The community will offer an undisclosed number of independent living and assisted living units on a 40-acre site near Van Raalte Park. The property accommodates a variety of residence styles, from single-family homes to duplexes to apartment buildings. Though all the standalone homes are reserved, there are still a small number of apartments available. The Farmstead has been in design and planning since early …

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Affordable HousingDevelopmentKentuckyNews

Woda Cooper, Housing Services Alliance Open $18.9M Sparrow Ridge Community in Hebron, Kentucky

by Jeff Shaw

HEBRON, Ky. — Woda Cooper Cos. and Housing Services Alliance have completed Sparrow Ridge, an affordable seniors housing community in Hebron, just across the Ohio River from Cincinnati. The 96 units are reserved for residents over age 55 who earn between 30 and 80 percent of the area median income (AMI). Development costs were estimated at $18.9 million. The affordable development was made possible in part by $1.5 million in Low-Income Housing Tax Credits (LIHTCs) allocated by Kentucky Housing Corporation (KHC). Affordable housing investor CREA LLC purchased the tax credits …

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CCRCDevelopmentFloridaNews

Green Cay Life Plan Village Unveils Plans for $250M CCRC in Boynton Beach, Florida

by Jeff Shaw

BOYNTON BEACH, Fla. — Nonprofit developer Green Cay Life Plan Village Inc. has unveiled plans for a $250 million continuing care retirement community (CCRC) in Boynton Beach along the Atlantic Coast in South Florida. Green Cay has purchased the 15-acre site with plans for 170 independent living, 16 assisted living and 16 memory care units in a 340,000-square-foot building. The property is adjacent to Green Cay Nature Center. Independent living residences will range from one to three bedrooms; assisted living apartments will include studio to two-bedroom options; and memory care …

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ColoradoDevelopmentNews

OZ Architecture Completes Design of The Reserve at Lone Tree in Colorado

by Jeff Shaw

LONE TREE, Colo. — OZ Architecture has completed the design of The Reserve at Lone Tree, located within the RidgeGate master-planned community in Lone Tree. Experience Senior Living Development (ESLD), a NexCore company, is a partner on the project. The community will offer 124 independent living units in a nine-story building alongside 60 assisted living and 24 memory care units in an attached five-story building. The project is scheduled break ground in fourth-quarter 2022, with anticipated completion in 2024. Independent living units will be up to 1,930 square fee, while …

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CCRCDevelopmentIndustry Voices

New Demands are Impacting Design of Life Plan Communities

by Jeff Shaw

By Steven Leone and Richard C. Quinn, Spiezle Architectural Group Over the past several years, design trends have painted an interesting picture for future life plan communities that stray from what we have seen for decades. Life plan communities (previously known as continuing care retirement communities, or CCRCs) are nothing new. But with an older population growing and thriving, these life plan communities (LPCs) are shifting away from the traditional continuum of care-based models to a more independent version of health- and wellness-centric focus with little to no care. This …

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DevelopmentFinanceFloridaNews

Greystone Arranges $52.6M in Debt, Equity for Discovery Place at Celebration Pointe in Gainesville, Florida

by Jeff Shaw

GAINESVILLE, Fla. — Greystone has arranged $52.6 million in debt and equity construction financing for Discovery Place at Celebration Pointe in Gaineville. The community will feature 180 units of seniors housing. The type of care was not disclosed Cary Tremper and Matt Miller of Greystone originated the transaction on behalf of Discovery Senior Living.

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