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Assisted LivingConnecticutDevelopmentFinanceNews

Senior Living Development LLC Arranges $16M Construction Financing for 117-Bed KindCare at Bristol in Connecticut

by Jeff Shaw

BRISTOL, Conn. — Senior Living Development LLC has arranged $16 million in construction financing for KindCare at Bristol, a middle-market, 117-bed assisted living and memory care community. Situated on a one-acre parcel in downtown Bristol, the community is the first of a rollout for KindCare Assisted Living, specializing in bringing assisted living and memory care to the middle class. This urban model utilizes a smaller footprint for the 60,000-square-foot community to drive down costs without sacrificing any amenities, services or quality. Rates average 20 percent less than luxury assisted living, …

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DevelopmentFloridaNews

Ryan Cos., Grand Living Start Construction of Grand Living at Wellen Park in Venice, Florida

by Jeff Shaw

VENICE, Fla. — Ryan Cos. US Inc. and Grand Living have started construction of Grand Living at Wellen Park, a luxury senior living community in Venice. The community will be part of Wellen Park, a master-planned community on the state’s Gulf Coast. The 235,267-square-foot building will bring 192 apartments to Wellen Park. According to a study conducted by Moore Diversified Services, the 75-and-older demographic with income-qualified households in the Venice area is expected to increase by 35.8 percent between 2020 and 2025. Residents will have access to Wellen Park’s amenities, …

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DevelopmentNew JerseyNews

CHA Partners Plans Two LIVIA Communities in New Jersey

by Jeff Shaw

EAST HANOVER, N.J. — CHA Partners has unveiled plans for LIVIA, the first project of a new upscale senior living brand, with a new facility in East Hanover. An additional facility is under construction in Totowa, N.J. LIVIA communities will offer assisted living, memory care, long-term care and rehabilitation services. Transformed from the original Sycamore Living location in East Hanover, the first installment of the LIVIA brand is scheduled to open this month. The 100,000-square-foot facility houses 86 skilled nursing beds and 37 beds for assisted living residents. LIVIA’s second …

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Affordable HousingDevelopmentNewsTexas

JPI, City of Balch Springs Plan 200-Unit Affordable Community in Texas

by Jeff Shaw

BALCH SPRINGS, Texas — JPI announced today it has received construction financing for Parmore Arcadia Trails, a 200-unit, 8.56-acre affordable senior living community in the first-ring Dallas suburb of Balch Springs. The development, created in partnership with the City of Balch Springs, will help meet a growing need for affordable housing for local seniors earning an average of 60 percent of the area median income. “Seniors are some of the most vulnerable to inflation and the rising housing costs. Now, more than ever, we need affordable, quality living options for …

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Affordable HousingCaliforniaDevelopmentNews

RAAM Construction Completes $29M Arboleda Apartments in La Puente, California

by Jeff Shaw

LA PUENTE, Calif. — RAAM Construction has completed the construction of Arboleda Apartments, an affordable seniors housing development in La Puente, approximately 20 miles east of Los Angeles Development costs for the 74-unit, 71,499-square-foot property are estimated at $29 million. Of the total apartments, 38 are full ADA-accessible units. “The need for affordable housing has grown in recent years due to rising home prices and an overall housing shortage, and the COVID-19 pandemic has exacerbated that need immensely,” says Richard Lara, president and CEO of RAAM Construction. RAAM worked closely …

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CCRCDevelopmentFinanceNewsOregon

Ziegler Arranges $154.6M Bond Financing for Terwilliger Plaza Expansion in Portland, Oregon

by Jeff Shaw

PORTLAND, Ore. — Ziegler has arranged $154.6 million in bond financing for Terwilliger Plaza, a continuing care retirement community in Portland. The Hospital Facilities Authority of Multnomah County, Oregon, issued the bonds, which will fund an expansion project. Terwilliger Plaza, incorporated in 1958, currently features 246 independent living apartments, 43 assisted living apartments and 22 residential care beds. The independent living apartments are located in two buildings: a 12-story apartment building known as The Tower, and a ten-story apartment building known as The Heights. The Tower is adjacent to a …

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Affordable HousingDevelopmentIndianaNews

TWG Opens $11M Line Lofts Affordable Community in Indianapolis

by Jeff Shaw

INDIANAPOLIS — TWG has opened Line Lofts Apartments, a new affordable senior living development on the eastside of Indianapolis. The property features 63 two-bedroom units. One-fifth of the units are designed and reserved for seniors with visual impairments, as part of a partnership between TWG and local nonprofit Visually Impaired Preschool Services (VIPS), which provides ongoing early intervention services to Indiana’s children with blindness/low vision. As part of the partnership, the $11 million property will include specific features that will aid visually impaired residents, including oversized elevator buttons, tactile markings …

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CaliforniaDevelopmentIndependent LivingNews

Revel Communities Begins Pre-Leasing at Independent Living Community in Folsom, California

by Jeff Shaw

FOLSOM, Calif. — Revel Communities, a division of The Wolff Company representing a portfolio of independent living communities, has launched pre-leasing at its newest community, Revel Folsom. Expected to open spring 2022, Revel Folsom is the latest expansion for Revel across the Western U.S. and will join Revel Palm Desert and Revel Lodi as the brand’s third independent living community in California in two years. Located 35 miles outside of Sacramento, Revel Folsom will feature views of the foothills of the Sierra Nevada Mountains. The size and number of units …

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Active AdultDevelopmentNewsOhio

Homestead Senior Living Breaks Ground on 131-Unit Active Adult Community in Blacklick, Ohio

by Jeff Shaw

BLACKLICK, Ohio — Homestead Senior Living has broken ground on Homestead Village, a 131-unit active adult community in Blacklick, approximately 10 miles east of Columbus. The property will span 122,275 square feet and is scheduled to open in October 2022. Development costs were estimated at $14.5 million, with Homestead Construction as the contractor. Homestead’s “active senior” designation is marketed toward people 55 and older, are just retired and do not require any form of assisted living. The average resident age is between 60 and 75.

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DevelopmentMemory CareNewsTexas

Nexion Health Opens Eagle’s Landing Memory Care Facility in Eagle Lake, Texas

by Jeff Shaw

EAGLE LAKE, Texas — Nexion Health has opened Eagle’s Landing, a memory care community within its Arbor Hills Rehabilitation and Healthcare Center at Eagle Lake. Located in the small city of Eagle Lake, approximately 70 miles west of Houston, the asset offers 20 units. The Arbor Hills Rehabilitation and Healthcare Center was one of nine Texas facilities where Nexion Health took over operations in December 2020.

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