Tuesday, September 9, 2025
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Development

CCRCDevelopmentFinanceNew YorkNews

HJ Sims Arranges $398.1M Financing for Broadview at Purchase College Development in New York

by Jeff Shaw

PURCHASE, N.Y. — HJ Sims has arranged $398.1 million in tax-exempt and taxable bonds for Purchase Senior Learning Community Inc., which was formed to develop a new university-based retirement community, Broadview at Purchase College, on the State University of New York Purchase College campus. Centrally located on campus, Broadview will be a continuing care retirement community (CCRC) consisting of up to 68 assisted living and memory care beds, as well as 220 senior residential apartments and villas, 20 percent of which will be reserved for residents earning no more than …

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Active AdultDevelopmentFloridaNews

Resort Lifestyle Communities Opens $30M Shell Harbor Property in Rockledge, Florida

by Jeff Shaw

ROCKLEDGE, Fla. — Resort Lifestyle Communities (RLC) has opened Shell Harbor Retirement Community, a 180,000-square-foot seniors housing property in Rockledge, located along the Atlantic Coast east of Orlando. Development costs were estimated at $30 million. The number of units was not disclosed, but they will be available in studio, one-, two- and three-bedroom floor plans. Shell Harbor Retirement Community is the fifth RLC location in Florida.

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Affordable HousingDevelopmentGeorgiaNews

Columbia Residential, Decatur Housing Authority Receive Funding for Affordable Project in Georgia

by Jeff Shaw

DECATUR, Ga. — The Decatur Housing Authority (DHA), in partnership with Columbia Residential, was recently awarded a 9 percent Low-Income Housing Tax Credit (LIHTC) allocation from the Georgia Department of Community Affairs. The move will fund development of Columbia Senior Residences at Decatur East Phase II. The mixed-income community for seniors age 62 and older will be located adjacent to the Avondale MARTA station in Decatur, just east of Atlanta. Phase II will deliver 80 units, 70 of which will be affordable to households earning below 60 percent of the …

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Affordable HousingCaliforniaDevelopmentNews

R.D. Olson Breaks Ground on Two Affordable Housing Communities in Los Angeles County

by Jeff Shaw

LONG BEACH and WEST CARSON, CALIF. — R.D. Olson Construction has broken ground on two affordable housing communities in Los Angeles County: Anaheim and Walnut in Long Beach and West Carson Villas in West Carson. The projects are slated for completion by summer 2023. Developed by Bridge Housing in partnership with the City of Long Beach and the Long Beach Housing Authority, Anaheim and Walnut will feature 207,000 square feet of mixed-use space at 1500 E. Anaheim St. in Long Beach. The $44 million project will offer 88 housing units …

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Assisted LivingDevelopmentNew JerseyNews

Callahan Construction Breaks Ground on 90-Unit Seniors Housing Project in Basking Ridge, New Jersey

by Jeff Shaw

BASKING RIDGE, N.J. — Callahan Construction Managers has broken ground on Residence at Basking Ridge, a 90-unit seniors housing project that will be located about 40 miles west of New York City. Developed by LCB Senior Living and designed by The Architectural Team, the property will offer assisted living, memory care and respite care services. Amenities will include common living rooms, a bistro, salon and a fitness area. The development team expects to begin welcoming residents in early 2023.

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CCRCDevelopmentNewsNorth Carolina

Acts Begins Construction of $59M Expansion at Matthews Glen in North Carolina

by Jeff Shaw

MATTHEWS, N.C. — Acts Retirement-Life Communities has started construction on a $59 million expansion at Matthews Glen, a 124-acre continuing care retirement community in Matthews. The project will add 72 independent living apartments and 16 villas to its campus. Construction is also underway to add additional assisted living residences. The new construction is Phase II of the expansion and features 1,650- to 1,785-square-foot apartments along with 2,275- to 2,500-square-foot duplex-style villas. Amenities include tennis and pickleball courts. Acts is also adding 40 suites to its OakBridge Terrace assisted living residence, which …

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Affordable HousingDevelopmentGeorgiaNews

McShane Completes 238-Unit Stonepointe Affordable Community in Stonecrest, Georgia

by Jeff Shaw

STONECREST, Ga. — McShane Construction Co. has completed the construction of Stonepointe, a 238-unit affordable senior living community in Stonecrest, just southeast of Atlanta. Dominium was the developer of the project while Martin Riley Associates served as the architect. Construction began in January 2020. Positioned on 11.3 acres of land, the four-story building features units ranging from one to three bedrooms. Last month, McShane also completed Covington Crossings, another affordable senior living residence for Dominium in nearby Covington.

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Active AdultDevelopmentFloridaNews

Adelon Capital Breaks Ground on Parasol Melbourne Active Adult Community in Florida

by Jeff Shaw

MELBOURNE, Fla. — Adëlon Capital has broken ground on its first senior living property, Parasol Melbourne in Melbourne. Cimbra Partners is the principal co-investor on the project. United Plus Property Management will operate the community, which Certified General Contractors will build. The four-story luxury community will feature 159 one- and two-bedroom units ranging from 742 to 1,067 square feet.

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Active AdultDevelopmentFloridaNews

United Group Opens $53M Arcadia Gardens Active Adult Community in Palm Beach Gardens, Florida

by Jeff Shaw

PALM BEACH GARDENS, Fla. — United Group of Companies, along with ownership partners Sina Cos. and Mayan Properties, has opened Arcadia Gardens, an active adult community in Palm Beach Gardens. Development costs were estimated at $53 million. Mayan Properties is an affiliate of Miami-based Aztec Group. Arcadia Gardens features 220 one- and two-bedroom apartments, plus a 15,210-square-foot clubhouse, for adults ages 55 and older. Floor plans range in size from 726 to 2,322 square feet with monthly rents beginning at $2,575.

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DevelopmentMassachusettsNews

Monarch Communities Breaks Ground on 165-Unit Community in Weymouth, Massachusetts

by Jeff Shaw

WEYMOUTH, Mass. — Monarch Communities has started construction of its new Monarch Senior Residence in the South Shore city of Weymouth. The community will add 165 apartments to the Monarch portfolio when it opens, which is currently scheduled for summer 2023. The site is located on Main Street near South Shore Hospital and directly across from the South Weymouth train station. Monarch designs its buildings to create a pedestrian-friendly front plaza which will offer art fairs, farmers markets and festivals. Amenities are available for both residents and team members. This …

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