Development

DevelopmentMarylandNewsSkilled Nursing

Marquis Completes $7M Renovation Project at Collingswood in Rockville, Maryland

by Jeff Shaw

ROCKVILLE, Md. — The leadership of Collingswood Rehabilitation & Healthcare Center and Marquis Health Consulting Services have cut the ribbon on a $7 million renovation and modernization at the skilled nursing facility in Rockville. Collingswood’s renovation centered on an expansion of the rehab therapy gym and the incorporation of a spacious activities of daily living (ADL) suite. The gym features state-of-the-art equipment and technology to support the delivery of progressive rehab services, while the ADL suite mimics a home environment, enabling patients the opportunity to regain skills before returning home. Collingswood’s …

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Active AdultDevelopmentNewsVirginia

Bonaventure Starts Construction of 133-Unit Community in Alexandria, Virginia

by Jeff Shaw

ALEXANDRIA, Va. — Bonaventure has started construction of a 133-unit luxury senior living project in the Old Town West neighborhood of Alexandria. The development will feature a six-story building with underground parking, studio, one- and two-bedroom living options. Bonaventure expects to complete construction and begin welcoming renters in late 2023. The community is situated centrally in the Old Town West neighborhood and is transit-oriented. It is less than 0.3 miles from the Braddock Road Metro Station, 1.5 miles to Interstate 495, and less than three miles from Reagan National Airport. …

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Affordable HousingDevelopmentMassachusettsNews

Arch Communities, WinnCompanies Complete $25.7M Redevelopment of Historic School in Southbridge, Massachusetts

by Jeff Shaw

SOUTHBRIDGE, Mass. — Arch Communities and WinnCompanies have completed a $25.7 million adaptive reuse project to transform a 106-year-old historic school building in Southbridge into apartments for seniors age 55 and older. The Residences at Wells School features 62 apartments, 56 of which provide affordable housing for those earning up to 60 percent of the area median income (AMI), including eight apartments reserved for residents at or below 30 percent of the AMI. Six apartments have been customized for handicapped and sensory-impaired households. WinnResidential, the property management arm of WinnCompanies, …

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CaliforniaDevelopmentNews

R.D. Olson Construction Breaks Ground on 70-Unit Heritage Square South in Pasadena

by Jeff Shaw

PASADENA, Calif. — R.D. Olson Construction, on behalf of owner BRIDGE Housing, has broken ground on Heritage Square South, a seniors housing property located at 710 N. Fair Oaks Ave. in Pasadena. Slated for completion by September 2023, the $28 million, 70,000-square-foot community will feature three three-story buildings offering 69 one-bedroom units and one two-bedroom unit. The three buildings are interconnected with walking bridges. Onsite amenities will include walking trails, flex rooms, a community room and 2,200 square feet of retail space. Additionally, the site has a bus stop on …

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Active AdultAffordable HousingDevelopmentMichiganNews

Lockwood Breaks Ground on $45M Community in Ann Arbor, Michigan

by Jeff Shaw

ANN ARBOR, Mich. — Lockwood Cos. has broken ground on Lockwood of Ann Arbor, a 154-unit seniors housing community in Ann Arbor. The three-story, 168,130-square-foot building includes 65 units dedicated as affordable housing. Development costs were estimated at $45 million. Rents will range from $864 for a one-bedroom apartment to $2,750 for a two-bedroom apartment.

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DevelopmentNew JerseyNewsSkilled Nursing

Spiezle Completes 75,000 SF Addition to Parker at Somerset in New Jersey

by Jeff Shaw

SOMERSET, N.J. — Spiezle Architectural Group Inc. has completed an expansion project at the Parker at Somerset Senior Healthcare Center in Somerset, approximately 35 miles southwest of Manhattan. The project added 75,000 square feet to the 120-bed skilled nursing facility, and also included renovations to the existing building. “While construction was underway, we had to redirect and rethink how to address the impacts of the COVID pandemic,” says Steve Leone, principal at Spiezle, who led the design effort on the project. “That forced us to dive deeply into researching how …

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DevelopmentFinanceNewsWashington

CBRE Arranges $145.1M Construction Financing for 250-Unit Seniors Housing Development in Vancouver, Washington

by Jeff Shaw

VANCOUVER, Wash. — CBRE has arranged $145.1 million in construction financing for The Springs at The Waterfront, a seniors housing development in Vancouver, just across the Columbia River from Portland, Ore. The borrower is a joint venture between private equity firm Harrison Street, seniors housing operator The Springs Living and healthcare real estate developer PMB. The project is located within Vancouver Waterfront, a 32-acre master-planned development that is slated to eventually include 75,000 square feet of office space, 45,000 square feet of retail space and over 900 residential units. The …

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Affordable HousingDevelopmentNew YorkNews

Lendlease Tops Out 149-Units Garden Towers Affordable Community in the Bronx

by Jeff Shaw

NEW YORK CITY — Lendlease has topped out Garden Towers, an affordable seniors housing community in the Bronx. Foxy Management is developing the property in partnership with HANAC Inc. and JLD Advisory LLC. The project includes two residential buildings — rising seven stories and eight stories — that together offer a total of 149 rental units for low-income adults age 62 or older. Lendlease, the construction manager for the project, broke ground on the development in August 2021 with an expected completion in 2023. “Garden Towers represents our third project …

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DevelopmentKansasNews

Tutera Completes Phase I of $6.5M Remodel of The Village at Mission in Prairie Village, Kansas

by Jeff Shaw

PRAIRIE VILLAGE, Kan. — Tutera Senior Living & Health Care has completed the first phase of renovations at The Village at Mission, a senior living community in Prairie Village, a suburb of Kansas City. The full project costs are estimated at $6.5 million. Tutera acquired The Village at Mission property in June 2021. Phase I of the 73,000-square-foot remodel includes 26 resident apartments and first-floor common living spaces. The residences have been modernized with new lighting, fresh furnishings, cabinetry, flooring, paint and other upscale finishes. The common living space upgrades …

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Assisted LivingDevelopmentNewsVirginia

Benchmark Plans 10-story, 115-Unit Community in Alexandria, Virginia

by Jeff Shaw

ALEXANDRIA, Va. — Benchmark Senior Living has unveiled plans for Benchmark at Alexandria, a 10-story senior living community in Alexandria. The property will feature 89 assisted living units and 26 memory care units. The site is located within West Alex, a mixed-use destination offering over 100,000 square feet of retail space in addition to apartments, condominiums, office space, a daycare and a school. “This project is really exciting because not only is Benchmark expanding into a new market, but this community will be an integral part of a lively mixed-use …

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