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Development

ArizonaDevelopmentNews

Civitas Nears Completion of 212-Unit The Bluffs at Flagstaff in Arizona

by Jeff Shaw

FLAGSTAFF, Ariz. — Fort Worth-based operator Civitas Senior Living is nearing completion of The Bluffs of Flagstaff, with a tentative opening date of April 2022. The Bluffs of Flagstaff is a 210,572-square-foot, three-story assisted living and four-story independent living campus. The property features123 independent living, 64 assisted living and 25 memory care residences. Janet Mars will be executive director of the community. The architect is Kaas Wilson, contractor is Greenberg Construction and the designer is Senior By Design.

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DevelopmentFeaturesIndustry Voices

How to Overcome Labor, Supply Slowdowns in Development

by Jeff Shaw

Careful and thorough planning processes can get a delayed project over the finish line. By John Manning and Eric Quinn, KMI International Senior living construction has seen a significant surge since the turn of the millennium due to people living longer with each passing decade. The Population Reference Bureau (PRB) notes that the baby boomer generation could fuel a 75 percent increase in the number of Americans requiring nursing home care. With that comes the need for more senior living communities. This has provided construction managers and owners with an …

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Affordable HousingDevelopmentKeyBankNewsNorth Carolina

KeyBank Provides $48M in Financing for Affordable Development in Charlotte

by Jeff Shaw

CHARLOTTE, N.C. — KeyBank Real Estate Capital (KBREC) has provided a $14.3 million construction loan, $8.4 million equity bridge loan and $13.3 million Fannie Mae loan for the development of Eastway Park Apartments in Charlotte. The community will feature 132 age-restricted units for those 55 years of age or older, with income ranging from 30 to 80 percent of area median household income. The property will be subject to an agreement ensuring ongoing affordability for at least 30 years. The developer is Harmony Housing. Forty of the one-bedroom units will offer …

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DevelopmentFinanceIndustry ContentInvestmentOperationsSkilled NursingVideosWebinars

Webinar: Seniors Housing Policy Outlook: Operations, Investment & Development

by Sarah Daniels

  Occupancy trends, the impact of the Omicron variant, development, investment, vaccine mandates and labor shortages were just some of the pressing topics panelists discussed during the “Seniors Housing Policy Outlook: What Will Impact Operations, Investment & Development in 2022?” webinar, hosted by Seniors Housing Business. Industry experts weighed in on the policies and priorities shaping the future of senior living communities, as well as their own legislative agendas for 2022. Regarding investment and development, Dave Schless, president of American Seniors Housing Association (ASHA), explains Capital markets have remained committed and robust …

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DevelopmentFloridaNews

Arbor Plans 187-Unit Community in Delray Beach, Florida

by Jeff Shaw

DELRAY BEACH, Fla. — The Arbor Company has unveiled plans for The Arbor at Delray, a 187-unit seniors housing community in Delray Beach. The luxury-style community, which is slated to open in early 2023, will feature 89 independent living apartments, 76 assisted living apartments and 22 memory care residences. The Arbor at Delray is a development of Alliance Residential Co. Arbor, which operates six other senior living communities in Florida, will operate the community when it opens. Eric Francese, a senior living professional in the local area for more than …

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Assisted LivingDevelopmentNew YorkNews

Chelsea Senior Living Opens Assisted Living Expansion in Yaphank, New York

by Jeff Shaw

YAPHANK, N.Y. — Chelsea Senior Living has opened the assisted living and memory care expansion at The Chelsea at Brookhaven in the Long Island hamlet of Yaphank. While community’s independent living portion has been open for the past two years, the assisted living and memory care building next door recently received licensing approval from the state. The community is surrounded by residential housing, shopping, a hotel and various new builds. The number of units was not disclosed.

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Active AdultDevelopmentFloridaNews

United Group Opens Clubhouse at $47.8M The Sovana at Stuart in Florida

by Jeff Shaw

STUART, Fla. — The United Group of Companies has opened the clubhouse at The Sovana at Stuart, an active adult community in Stuart. The opening of the  8,472-square-foot clubhouse is the first building to debut at the $47.8 million development. The opening celebration featured tours of the amenity spaces, including a fitness center, movie theater, salon, game room and lounge. The community features 182 units in a mix of one- and two-bedroom apartments.

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Affordable HousingColoradoDevelopmentNews

TWG Plans $15.2M Residences at Delta Affordable Community in Colorado

by Jeff Shaw

DELTA, Colo. — TWG has unveiled plans for Residences at Delta, a $15.2 million affordable multifamily complex for seniors. Residences at Delta will be a two-story, 50-unit complex near Mountain View Park and Sweitzer Lake State Park. The project offers one-bedroom apartments reserved for seniors 62 years and older who earn up to 60 percent of the area median income (AMI). Constructed in partnership with Delta Housing Authority, the project seeks to bridge the generational gap between seniors, their families and youth in the community. Construction of the project is …

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DevelopmentNewsTexas

LifeCare Properties, ERG Enterprises Plan 100,000 SF The Blake at Lubbock in Texas

by Jeff Shaw

LUBBOCK, Texas — LifeCare Properties and New Orleans-based investment group ERG Enterprises have unveiled plans for The Blake at Lubbock, a seniors housing community in Lubbock. The 100,000-square-foot community is scheduled to open in 2023. Blake Management Group will operate the property upon completion. The development cost and number of units were not disclosed. LifeCare Properties is the developer of the assisted living and memory care community. Known as “Hub City,” the city of Lubbock is recognized as being the economic, educational and healthcare hub of a multi-county region, according …

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Assisted LivingCaliforniaDevelopmentNews

Griffin Living Opens 102-Unit Varenita of Simi Valley Near Los Angeles

by Jeff Shaw

SIMI VALLEY, Calif. — Griffin Living has opened the doors on Varenita of Simi Valley, an assisted living and memory care community in Simi Valley, approximately 40 miles northwest of Los Angeles. The 97,000-square-foot building, located in the Griffin Plaza shopping center at the corner of Tapo Canyon Road and Cochran Street, includes 75 assisted living units and 27 memory care units. The location of Varenita of Simi Valley represents a pioneering design in senior living development, since residents are within walking distance of amenities like Aldi supermarket, CVS pharmacy …

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