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CCRCDevelopmentNewsSouth Carolina

LCS Completes Expansion Project at Rolling Green Village in Greenville, South Carolina

by Jeff Shaw

GREENVILLE, S.C. — Life Care Services and LCS Development have completed an expansion project at Rolling Green Village, a continuing care retirement community in Greenville. The project added 60 apartments, 23 single-family houses and duplexes, and a new commons building with a variety of amenities. Sitting on 175 acres, Rolling Green Village claims to the be the largest nonprofit employer in the state. “The genesis for this expansion started in a resident committee and was picked up and made actionable through the combined effort of the board, Life Care Services …

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Assisted LivingDevelopmentFinanceFloridaNews

CBRE Arranges Construction Financing for 130-Unit Anthology Boynton Beach in Florida

by Jeff Shaw

BOYNTON BEACH, Fla. — CBRE Senior Housing has arranged construction financing for Anthology Boynton Beach, a Class A, 130-unit senior living community located in the South Florida city of Boynton Beach. Aron Will, Austin Sacco and Tim Root of CBRE Senior Housing arranged the financing on behalf of  a joint venture between Anthology Senior Living and Harrison Street. The community will be operated Anthology, CA Ventures’ vertically integrated senior housing platform. Situated on a 5.3-acre site near the heart of Boynton Beach, the community will be a part of a …

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CCRCDevelopmentNewsSouth Carolina

Big Rock Partners, Kiawah Partners Plan $180M Seafields at Kiawah Island in South Carolina

by Jeff Shaw

KIAWAH ISLAND, S.C. — Kiawah Life Plan Village Inc. (KLPV), a newly formed nonprofit, has purchased a nine-acre site from Kiawah Partners, a subsidiary of South Street Partners, in the coastal resort community of Kiawah Island. Plans for the site include Seafields at Kiawah Island, a $180 million continuing care retirement community. Conceived in response to fill a void in the market, and at the request of Kiawah and Seabrook property owners as a way to age in place, the property will feature an in-house medical clinic operated by the …

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Affordable HousingDevelopmentNevadaNews

Volunteers of America Breaks Ground on Desert Oasis Affordable Expansion In Las Vegas

by Jeff Shaw

LAS VEGAS — Volunteers of America National Services (VOANS) has broken ground on Phase II of Desert Oasis, an affordable seniors housing property in Las Vegas. Phase II will add 43 new units to the existing 75 units in the Desert Oasis community. The building will include a recreational clubhouse facility with a computer room, exercise room, laundry facilities and a community garden. Desert Oasis will be built with energy-efficient systems using green building techniques and including solar panels and photovoltaics. The entire development will be Energy Star rated. Funding …

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DevelopmentFinanceIowaNews

Marcus & Millichap Arranges $20.3M Construction Loan for Meadowview of Davenport in Iowa

by Jeff Shaw

DAVENPORT, Iowa — Marcus & Millichap Capital Corp. (MMCC) has arranged financing of $20.3 million for the development of Meadowview of Davenport, a seniors housing facility located in Davenport. “This loan enables our clients to build new infrastructure to house and support senior living in Davenport and the surrounding communities,” says Frank Montalto, vice president capital markets, located in MMCC’s Chicago office. Montalto and Dean Giannakopoulos, senior vice president capital markets, arranged the financing. “We secured a five-year, 75 percent leverage construction loan with a 3.75 percent interest rate for …

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Assisted LivingDevelopmentGeorgiaNews

Watercrest Nears Completion of 98-Unit Community in Macon, Georgia

by Jeff Shaw

MACON, Ga. — Watercrest Senior Living Group and equity partners, Peninsula U.S. Real Estate and Corecam Capital Partners, have received a certificate of occupancy for Watercrest Macon Assisted Living and Memory Care in Macon. EMJ construction is finalizing building details alongside Interior Design Associates (IDA), in preparation for the upcoming opening. Watercrest Macon is a 98-unit, luxury senior living campus comprising 76 assisted living and 22 memory care residences. It is located within the Providence at Bass development featuring high-end residential, retail, dining and entertainment. Watercrest Macon is one of …

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AlabamaDevelopmentNews

Nicol Investment Starts Construction of $200M Upland Park Mixed-Use Project in Huntsville, Alabama

by Jeff Shaw

HUNTSVILLE, ALA. — Nicol Investment Co. has started construction of Upland Park, a $200 million mixed-use project in Huntsville. The 60-acre project will include multifamily and senior living residences, restaurants, retail, office, entertainment and green space. Located on Enterprise Way at Cummings Research Park, Upland Park will be anchored by HQ, a creative office and retail project being co-developed with Nashville-based Vintage South. The master plan includes The Kelvin, a 301-unit apartment community; Vitality at Upland Park, a 189-unit senior living property; and The Collins, a 334-unit multifamily project featuring …

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DevelopmentFeaturesNews

Fitness Centers, Outdoor Spaces and Units All Becoming Larger, Say Seniors Housing Development Panelists

by Jeff Shaw

ATLANTA — Driven by the desire of a healthy lifestyle, two areas that senior living developers are currently focusing on are the fitness center and outdoor spaces, according to Scott Gensler, vice president of business development with Erickson Senior Living. “Every time I look at a plan, the fitness center gets bigger and bigger and bigger,” said Gensler. “Then we open it, and it’s still not big enough.” Not only is the fitness center becoming larger, but it’s also becoming more of a prominent feature in Erickson’s continuing care retirement …

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ArizonaDevelopmentNews

Link Senior Development, MedCore Partners Plan 202-Unit Community in Buckeye, Arizona

by Jeff Shaw

BUCKEYE, Ariz. — Link Senior Development and MedCore Partners have unveiled plans for Ativo of Sundance, a 202-unit senior living community inside the Sundance Active Adult master-planned community in the Phoenix suburb of Buckeye. The campus will offer 103 independent living, 75 assisted living and 24 memory care units on a 10-acre tract. Construction of the 211,000-square-foot, three story project is scheduled to begin in late 2021 for an anticipated opening in summer 2023. Insight Senior Living will manage the community, including oversight of all programs and resident services. This …

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Assisted LivingDevelopmentNewsTexas

LifeCare Properties, ERG Enterprises Plan The Blake at Tyler in Texas

by Jeff Shaw

TYLER, Texas — LifeCare Properties and New Orleans-based investment group ERG Enterprises have released plans for The Blake at Tyler, a senior living community in the East Texas city of Tyler. Scheduled to open in 2023, the property will be the third Blake-branded community in Texas. Blake Management Group will be the operator. The community will total 100,000 square feet and offer assisted living and memory care units.

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