Wednesday, May 14, 2025
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CCRCDevelopmentFinanceGeorgiaNews

Ziegler Arranges $170.6M in Bond Financing for Canterbury Court in Atlanta

by Jeff Shaw

ATLANTA — Ziegler has arranged a total of $170.6 million in bond financing for Canterbury Court, a continuing care retirement community (CCRC) in Atlanta’s upscale Buckhead neighborhood. Canterbury Court was founded in the early 1960s by the All Saints Episcopal Church and St. Luke’s Episcopal Church. The community currently features 187 independent living apartments, 18 personal care apartments and 42 nursing care beds. Proceeds from the bonds will be used to implement a phased expansion and renovation project at the community. The first phase includes replacing the existing healthcare facilities …

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Affordable HousingDevelopmentMassachusettsNews

POAH, Nuestra Comunidad Break Ground on $27M Affordable Community in Boston

by Jeff Shaw

BOSTON — Nuestra Comunidad and Preservation of Affordable Housing (POAH) have broken ground on The Kenzi at Bartlett Station, a 50-unit affordable seniors housing community in Boston. The $27 million project is part of a five-phase redevelopment at a vacant bus yard, which Nuestra Comunidad and Windale Developers now own, in Nubian Square, located in the Roxbury neighborhood. The Kenzi will feature 41 affordable one-bedroom units, and three affordable two-bedroom apartments in a 57,576-square-foot building. The housing includes 44 units restricted to Bostonians over the age of 55 who earn …

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Assisted LivingDevelopmentMissouriNews

Newbridge Properties Breaks Ground on 82-Unit Community in Cape Girardeau, Missouri

by Jeff Shaw

CAPE GIRARDEAU, Mo. — Newbridge Properties has broken ground on Newbridge Retirement Community in Cape Girardeau, located along the Mississippi River in the southeast portion of the state. The 75,000-square-foot community will feature 46 assisted living units, 12 second-person accommodations for couples and 36 memory care units. Vessel Architecture is the architect for the facility, while IMPACT Strategies is the construction manager. Construction is expected to be complete by the end of 2022.

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Affordable HousingCaliforniaDevelopmentNews

Kennedy Wilson Unveils Plans for 589-Unit Master-Planned Community in Camarillo, California

by Jeff Shaw

CAMARILLO, Calif. — Kennedy Wilson (NYSE: KW) has signed a long-term ground lease for a 32-acre parcel in Camarillo owned by California State University Channel Islands (CSUCI) with plans to build a new residential community. The master-planned project will include 310 market-rate apartments, 109 for-sale townhomes and 170 income-restricted apartments for seniors. It will also feature community-serving amenities. The project site is adjacent to the university and at the western edge of the Santa Monica Mountains. Camarillo is about 60 miles northwest of Los Angeles. The soon-to-be-named development contributes to …

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DevelopmentKentuckyNews

Trilogy, DMK Development Break Ground 115-Unit Community in Owensboro, Kentucky

by Jeff Shaw

OWENSBORO, Ky. — Trilogy Management Services and DMK Development Group have broken ground on a 115-unit seniors housing community in Owensboro, located along the Ohio River in the western portion of the state. Located on 4.7 acres of land, the new community will feature 51 independent living, 44 assisted living, and 20 memory care unit in a mixture of studio, one- and two-bedroom apartments The project will represent a total community investment of $23 million and create over 200 construction jobs, as well as 60 to 70 permanent jobs once …

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DevelopmentNew JerseyNews

CHA Partners Opens 100,000 SF LIVIA Community in East Hanover, New Jersey

by Jeff Shaw

EAST HANOVER, N.J. — CHA Partners has opened LIVIA East Hanover, a 100,000 square-foot seniors housing community in East Hanover, approximately 30 miles west of Manhattan. The property features 86 beds for long-term care and 37 beds for assisted living and memory care. Construction for LIVIA East Hanover began in late 2020 CHA Partners is currently working on its second LIVIA second facility, located in nearby Totowa. That property is scheduled to open its 310,000-square-foot campus in early 2022.

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DevelopmentFrom The MagazinePeople

Worker, Supply Shortages Hit Builders

by Jeff Shaw

General contractors continue to innovate and complete projects despite COVID-caused headwinds. By Jeff Shaw We’re all familiar with the headlines by now: construction materials prices are at record highs, and nearly every industry has a shortage of workers, dealing a one-two punch to supply chains. General contractors may be on the front line of both problems as they deal directly with the rising materials costs while trying to build seniors housing communities with skeleton crews. According to Des Moines, Iowa-based general contractor Weitz, lumber prices have at least come back …

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DevelopmentIndustry Voices

Mall Redevelopments May Be One Key to the Future

by Jeff Shaw

Projects offer amenities, valuable locations and vibrant lifestyles. By Leslie Moldow One key lesson we learned from the pandemic is that just about anything we can dream is now possible if we set our minds to it, and re-examining housing, service options, and opportunities for seniors is no exception. A few years ago, Perkins Eastman undertook “The Clean Slate Project,” where we projected into the future and wiped the slate clean of traditional forms of senior living. By identifying disruptors, new competitors, and market changes, we spotlighted opportunities for new …

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Active AdultDevelopmentIndustry Voices

Developers Say Active Adult Has a Bright Future, but Success Will Require Better Clarity, Marketing

by Jeff Shaw

Panelists Bob May, Managing Partner, Avenida Partners Michael Hartman, Principal, Active Adult, Capitol Seniors Housing  Michael Uccellini, President & CEO, United Group of Companies Chris Guay, Founder & CEO, Vitality Living Ryan Maconachy, Vice Chairman, Health & Alternatives Assets, Newmark (Moderator) By Jeff Shaw Active adult communities are a hot development class within the seniors housing continuum right now. One complication, though, is that the concept is much more nebulous than independent living, assisted living, memory care and skilled nursing. The National Investment Center for Seniors Housing & Care (NIC) does not yet track active adult metrics. A CBRE survey …

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DevelopmentFinanceNewsPennsylvania

HJ Sims Arranges $78M in Financing for Landis Communities

by Jeff Shaw

LITITZ, Pa. — HJ Sims has arranged $25 million in financing for Landis Place on King (LPK) and $53 million for Landis Homes Retirement Community (LHRC), which operates a continuing care retirement community in Lititz, approximately midway between Philadelphia and Harrisburg. Landis Communities operates a home and community services subsidiary, Landis HCBS, and a middle-market housing subsidiary, Landis Quality Living. As of 2021, LHRC serves 850 residents on its campus with residential living (cottages, apartments, hybrid homes and suites), personal care, skilled nursing and memory support services. The first loan …

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