Wednesday, May 14, 2025
Read the Magazine Subscribe

Development

CCRCDevelopmentGeorgiaNews

Lenbrook Completes $108M Campus Expansion in Atlanta

by Jeff Shaw

ATLANTA — Lenbrook, an independent continuing care retirement community in Atlanta, has completed a $108 million expansion at the community. The project, named Kingsboro at Lenbrook, will add 53 independent living units, common areas, event space and a regulation croquet lawn on a four-acre parcel. The first Kingsboro at Lenbrook residents have already moved in, and just a few of the new 39 apartments and 14 villas remain available for sale, according to Lenbrook. THW Design was architect on the project, Greenbriar Development was development consultant and Brasfield & Gorrie …

Continue Reading
0 FacebookTwitterLinkedinEmail
Affordable HousingDevelopmentMinnesotaNews

Ecumen Breaks Ground on $24M The Hillock Affordable Community in Minneapolis

by Jeff Shaw

MINNEAPOLIS — Ecumen has broken ground on The Hillock, a 100-unit affordable housing community for seniors in the Longfellow neighborhood of Minneapolis. The project will include 11 units for homeless veterans. The $24 million development is scheduled to open in fall 2022. The site is adjacent to public transit and rents are expected to range from $816 to $1,339 per month. Units are reserved for seniors earning between 30 percent and 60 percent of the area median income. Phase II of the development will add an 89-unit affordable housing building …

Continue Reading
0 FacebookTwitterLinkedinEmail
Assisted LivingDevelopmentMassachusettsNews

Benchmark Plans $10M Renovation Project at Falls at Cordingly Dam in Newton, Massachusetts

by Jeff Shaw

NEWTON, Mass. — Benchmark Senior Living has unveiled plans for a $10 million renovation project at The Falls at Cordingly Dam, an assisted living and memory care community in Newton. The project includes opening more spaces with views of the Charles River, creating more open-concept common areas and modernizing apartments. It will also add 22 new units to the property. “The Falls was one of Benchmark’s first communities when we began nearly 25 years ago and has been an important part of the Newton community ever since,” says Tom Grape, …

Continue Reading
0 FacebookTwitterLinkedinEmail
Assisted LivingDevelopmentNew JerseyNews

Capitol Seniors Housing Breaks Ground on The Chelsea at Washington Township in New Jersey

by Jeff Shaw

WASHINGTON TOWNSHIP, N.J. — Capitol Seniors Housing has broken ground on The Chelsea at Washington Township, an assisted living and memory care community in Washington Township. The 76,700-square-foot, two-story community will offer 85 units in the suburbs of New York City. The community site is located near Schlegel Lake, Senior Park, a community center and a wide variety of retail shopping and restaurants in the Washington Town Center shopping center. Designed by Meyer Design with KBE Building Corp. serving as general contractor, The Chelsea at Washington Township is scheduled to …

Continue Reading
0 FacebookTwitterLinkedinEmail
Assisted LivingDevelopmentNew YorkNews

Polaris Healthcare Opens The Sentinel of Rockland Assisted Living in Montebello, New York

by Jeff Shaw

MONTEBELLO, N.Y. — The Polaris Healthcare Network has opened The Sentinel of Rockland in Montebello, located along the New Jersey border northwest of New York City. Located on seven acres, the community offers assisted living services through the state’s Medicaid program. M&T Bank provided capital for the development. Further details were not disclosed.

Continue Reading
0 FacebookTwitterLinkedinEmail
CCRCDevelopmentNewsVirginia

Harbor’s Edge Completes 24-Story River Tower Expansion in Norfolk, Virginia

by Jeff Shaw

NORFOLK, Va. — Harbor’s Edge, an independently owned continuing care retirement community in Norfolk, has completed construction of River Tower, a 24-story, 147-unit expansion. Dallas-based architecture firm Three designed the new building, which expands the community’s offerings across the continuum of care — independent living, assisted living, memory care and skilled nursing. In addition, the tower features 100,000 square feet of common areas and amenities. Development costs were estimated at $145 million. A grand opening is planned for spring 2022, when all residents should be moved into the fully pre-sold …

Continue Reading
0 FacebookTwitterLinkedinEmail
Active AdultColoradoDevelopmentFinanceNews

Edison Equity Receives $23M Construction Loan for 55 Resort Apartments in Greeley, Colorado

by Jeff Shaw

GREELEY, Colo. — Dallas-based Edison Equity Management has received $23 million in construction financing for the development of 55 Resort Apartments, an age-restricted multifamily property located in Greeley. Located on the former site of the Garnsey & Wheeler Ford dealership, 55 Resort Apartments will feature 84 apartments for adults age 55 and above. The property will offer exercise classes, service coordination and social activities, as well as 5,000 square feet of retail space leased to Austin’s American Grill restaurant. The development is slated to open in summer 2022. Dallas-based Hall …

Continue Reading
0 FacebookTwitterLinkedinEmail
DevelopmentFloridaNews

Wickshire Senior Living Opens 293-Unit Community in Fort Lauderdale

by Jeff Shaw

FORT LAUDERDALE, Fla. — Tennessee-based Wickshire Senior Living has opened a new location in Fort Lauderdale, approximately 30 miles north of downtown Miami. The 293-unit community is centrally located to retail, restaurants, major highways and the Fort Lauderdale Executive Airport. The type of care was not disclosed. Wickshire partners with local schools, preschool to college, to engage residents, associates, families and the greater community with lifelong learning opportunities, mentoring and intergenerational activities.

Continue Reading
0 FacebookTwitterLinkedinEmail
Active AdultDevelopmentGeorgiaNews

Greystar Completes 180-Unit Everleigh Duluth Active Adult Community in Georgia

by Jeff Shaw

DULUTH, Ga. — Greystar has opened Everleigh Duluth, a 180-unit active adult community in Duluth, a northeastern suburb of Atlanta. “The community is near the historic downtown, Duluth Town Green and the Chattahoochee River National Park, which offers some of the best hiking in Georgia, all just 30 minutes away from Atlanta,” says Malcolm Bemba-Kaye, regional property manager. The community features one-bedroom, two-bedroom and town flat floorplans. Everleigh Duluth has developed partnerships with Sugar Loaf Golf Course to host planned golf events and local spa services in Duluth Town Green.

Continue Reading
0 FacebookTwitterLinkedinEmail
Active AdultCaliforniaDevelopmentFinanceNews

CBRE Arranges $42M Construction Financing for LGBTQ-Focused Community in Palm Springs, California

by Jeff Shaw

PALM SPRINGS, Calif. — CBRE Senior Housing has arranged $42 million in construction financing for Living Out Palm Springs, a luxury active adult community that will cater primarily to LGBTQ residents. Aron Will, Austin Sacco and Tim Root of CBRE Senior Housing arranged the financing on behalf of a joint venture between KOAR International Inc. and a group of high-net-worth investors. The loan is a non-recourse, four-year loan with full-term interest-only payments and an extension option. A national bank provided the funds. The nine-acre site is located at the northwest …

Continue Reading
0 FacebookTwitterLinkedinEmail
Newer Posts
Older Posts