Development

DevelopmentIndustry Voices

The New Wave in Senior Living: Designing for the Younger, Active Resident

by Jeff Shaw

By Connie Wittich, founding principal, Metropolitan Studio Traditionally in the senior living space, we’ve seen the repetition of the same design style. Older, mature, gray and beige hues that complement what we think the older generation may enjoy — a space that matches the maturity of the intended target generation, including the baby boomers.   While understanding your audience is important and there is a time and a place to use this design style, it’s crucial to dig deeper psychologically and understand the 55-plus mind.  Everyone wants to be younger. …

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CCRCDevelopmentFinanceIndependent LivingNewsVirginia

Ziegler Arranges $71M Bond Financing for Shenandoah Valley Westminster-Canterbury in Winchester, Virginia

by Jeff Shaw

WINCHESTER, Va. — Ziegler has arranged $71 million in bond financing for Shenandoah Valley Westminster-Canterbury (SVWC), a continuing care retirement community (CCRC) in Winchester, approximately 75 miles west of Washington, D.C. SVWC was founded in 1982 and provides housing, healthcare and other services to nearly 400 residents on its 87-acre campus through the operation of 218 independent living units (164 apartments and 54 cottages), 48 assisted living units, 12 memory care units and 51 skilled nursing beds. SVWC is completing an independent living unit expansion project known as the Hackwoods, …

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DevelopmentNewsOregon

Anthology, Formation Plan 206-Unit Community in Beaverton, Oregon

by Jeff Shaw

BEAVERTON, Ore. — Anthology Senior Living, the dedicated seniors housing platform of CA Ventures, has entered into a joint venture partnership with Formation Development Group to build Anthology of Beaverton, a 207,169-square-foot senior living community in Beaverton. Anthology expects to deliver the community in second-quarter 2024. Situated on a 5.5-acre parcel outside of Portland, Anthology of Beaverton will feature 206 luxury independent living, assisted living and memory care units. The community is located near the Tanasbourne shopping district, which includes a Whole Foods, Starbucks and Macy’s, in addition to other shopping …

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Assisted LivingDevelopmentNew YorkNews

Sunrise Senior Living Opens 130-Unit Community on Staten Island

by Jeff Shaw

NEW YORK CITY — Sunrise Senior Living has opened Sunrise of New Dorp, its second seniors housing community on Staten Island. The 85,000-square-foot, four-story features 130 units of assisted living and memory care. Moseley Architects designed the project. Other partners included KBE Building Corp. and PWC Cos. Cheryl Bambach is executive director of the community. With proximity to the Staten Island Expressway, residents will have access to quick excursions to Manhattan, Brooklyn and Jersey City. The community is situated near the shops, restaurants and beaches of Staten Island’s Hylan Boulevard …

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Affordable HousingDevelopmentFloridaNews

Housing Trust Group Completes $19M Oak Valley Affordable Community in Ocala, Florida

by Jeff Shaw

OCALA, Fla. — Housing Trust Group (HTG) has completed Oak Valley, a $19 million affordable housing community for seniors in Ocala, approximately 70 miles northwest of Orlando. The property features 96 one- and two-bedroom units for residents 62 and older who earn up to 40 percent and 60 percent of the local area median income. Rents range from $369 to $730 per month for income-qualifying residents. The property was 100 percent pre-leased. Oak Valley was developed in partnership with nonprofit AM Affordable Housing Inc., an organization founded by former Miami Heat …

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DevelopmentNewsOregon

SLIB Negotiates Sale of Seniors Housing Development Site in Woodburn, Oregon

by Jeff Shaw

WOODBURN, Ore. — Senior Living Investment Brokerage (SLIB) has arranged the sale of a development site in the Portland suburb of Woodburn. The site consists of approximately 8.9 acres of land, and is entitled for 98 units of seniors housing.  An Oregon-based development group acquired the property for an undisclosed price. Jason Punzel, Brad Goodsell and Vince Viverito of SLIB handled the transaction. 

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Affordable HousingDevelopmentMinnesotaNews

Lupe Development Breaks Ground on 200-Unit Wirth on the Woods in Minneapolis

by Jeff Shaw

MINNEAPOLIS — Lupe Development has broken ground on Wirth on the Woods, a 200-unit seniors housing community in the Bryn Mawr neighborhood of Minneapolis. The senior housing campus includes 100 units of affordable seniors housing in a six-story building named The Theodore as well as 100 units of market-rate seniors housing in another six-story building known as The Eloise. These properties will share amenities including an outdoor courtyard, garden, greenhouse, pond and walking trails. The nonprofit organization Ecumen will operate the community. Construction is scheduled for completion in late summer …

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Affordable HousingDevelopmentIllinoisNews

Bywater Development Group Completes $14.2M Lofts on the Square in Belleville, Illinois

by Jeff Shaw

BELLEVILLE, Ill. — The Southwestern Illinois Development Authority (SWIDA) and Bywater Development Group have completed construction of Lofts on the Square, an affordable housing community in Belleville, a suburb of St. Louis. The $14.2 million project was a historic rehabilitation of a 90-year-old building downtown Belleville’s public square. The property’s 47 units were fully preleased before the opening. The asset also features more than 3,000 feet of street-level commercial space that remains available for lease by retailers and restaurants. The six-story building opened in 1931 as the Hotel Belleville. It …

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CaliforniaDevelopmentNews

Belmont Village Opens 17-Story Community in La Jolla, California

by Jeff Shaw

LA JOLLA, Calif. — Belmont Village Senior Living has opened Belmont Village Senior Living La Jolla. The property rises 17 stories along the Pacific Coast just north of San Diego, featuring 180 units of independent living, assisted living and memory care. It is Belmont’s 15th community in California and 33rdoverall. Partners on the project include Greystar, UC San Diego Center for Healthy Aging and the Stein Institute for Research on Aging. James Arp is the executive director of the newly opened high-rise.

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DevelopmentIndustry Voices

Infill Seniors Housing Can Give Seniors What They Want, Need

by Jeff Shaw

By Ben Seager, Principal, KTGY American poet and author Maya Angelou said, “Mostly, what I have learned so far about aging, despite the creakiness of one’s bones and cragginess of one’s once-silken skin, is this: Do it. By all means, do it.” Although this is a great axiom for any generation, the baby boomers have revolutionized the seniors housing industry in their quest to not take aging lying down. They want to stay active — in mind, body and spirit — enjoy life, and share time with family and friends. …

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