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DevelopmentMarylandNews

Acts Completes $11.5M Expansion at Fairhaven in Sykesville, Maryland

by Jeff Shaw

SYKESVILLE, Md. — Acts Retirement-Life Communities completed an $11.5 million expansion project at Fairhaven, a seniors housing community in Sykesville, approximately 25 miles west of Baltimore. The renovation included a new club room, featuring space for cards and games, table tennis and billiards; the Copper Lantern pub; upgrades to the Beasman Restaurant; expanded seating in the bistro; a new welcome house; and outdoor recreational spaces, including a three-hole golf course.  Renovations also included $400,000 in donor funds from the Acts Legacy Foundation. Acts also plans to open a new pickleball …

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CCRCDevelopmentFinanceIndianaNews

Ziegler Arranges $32M Financing for Hoosier Village Campus Expansion in Zionsville, Indiana

by Jeff Shaw

ZIONSVILLE, FORT WAYNE and COLUMBUS, Ind. — Ziegler has arranged $32 million in bank financing for BHI Senior Living, a faith-based nonprofit organization established in 1904 that owns and operates 10 market-rate continuing care retirement communities (CCRCs) across the states of Indiana, Ohio and Michigan. The financing is secured by three of BHI’s communities in Indiana: Hoosier Village in Zionsville, The Towne House in Fort Wayne and Four Seasons in Columbus. The portfolio comprises 384 independent living units, 524 assisted living units, and 225 skilled nursing units. BHI will finance …

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DevelopmentMarylandNews

MCB’s Plan for 280-Acre Mixed-Use Project Near Washington, DC Includes Seniors Housing

by Jeff Shaw

SILVER SPRING, Md. — MCB Real Estate has unveiled plans to develop VIVA White Oak, a 280-acre mixed-use project anchored by healthcare space in Silver Spring, approximately six miles north of downtown Washington, D.C. Plans call for 3 million square feet of lab, office, research and medical space; 525,000 square feet of retail; 3,000 square feet of hotel space; 75,000 square feet of senior living; 4,500 private residences; and 85 acres of open space. MCB is currently working with stakeholders and public officials to refine the specifics, but the healthcare …

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Affordable HousingDevelopmentFinanceMassachusettsNews

MassDevelopment Issues $21.8M Bond Financing for Affordable Project in Boston

by Jeff Shaw

BOSTON — MassDevelopment has issued a $21.8 million tax-exempt bond for the construction of a mixed-use building in Boston’s Hyde Park neighborhood that will feature 63 units of affordable seniors housing and ground-floor retail. The borrower is CCC River LLC, an affiliate of B’nai B’rith Housing of New England Inc.  The new building will replace an underutilized commercial space containing an auto repair shop, and will be built to LEED and Passive House standards.  The 63 one-bedroom units will be rented to households earning up to 30 percent, 50 percent …

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CCRCDevelopmentFinanceNewsTennessee

Ziegler Arranges $17.7M Bond Financing for HutsonWood at Spring Hill in Tennessee

by Jeff Shaw

SPRING HILL, Tenn. — Ziegler has arranged $17.7 million in bond financing for HutsonWood at Spring Hill. The borrower will use the financing proceeds to acquire approximately 20 acres of land and to finance certain pre-construction development costs related to an expansion and repositioning of an existing skilled nursing and assisted living community in Spring Hill, a suburb south of Nashville. Upon completion of construction, the project will provide a full continuum of care for residents on an approximately 35-acre campus consisting of 172 independent living units, 24 assisted living …

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Affordable HousingAssisted LivingDevelopmentIndianaNews

Evergreen Real Estate Group Completes $30M Assisted Living Community in Valparaiso, Indiana

by Jeff Shaw

VALPARAISO, Ind. — Evergreen Real Estate Group has completed Green Oaks of Valparaiso, a $30 million assisted living community for low-income seniors in Valparaiso, a city in northwest Indiana.  The three-story project includes 120 units and is located at 2550 W. Morthland Drive. All residences are reserved for seniors age 62 and older, with incomes at or below 60 percent of the area median income. A financial assistance program is available for qualified applicants. Evergreen Construction Co., a division of Evergreen Real Estate Group, served as the general contractor on …

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Active AdultDevelopmentNewsTexas

Grace Management Opens The Lakes at Woodhaven Village Active Adult Community in Conroe, Texas

by Jeff Shaw

CONROE, Texas — Grace Management Inc., a subsidiary of CPF Living Communities, has opened The Lakes at Woodhaven Village, an active adult community in the Houston suburb of Conroe. This is Grace’s first active adult community, as the company traditionally focused on seniors housing. The 130,000-square-foot community is situated on approximately five acres and totals 115 units. Padua Realty Co. is developer on the project, and its affiliated construction company Dorado Builders was the general contractor. Other project partners include Investwell Architects, Lizabeth Jones Interior Design, and Jordan and Skala …

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Affordable HousingDevelopmentNewsWisconsin

Jewish Family Services to Break Ground on 56-Unit Woodale Crossing Affordable Community in Brown Deer, Wisconsin

by Jeff Shaw

BROWN DEER, Wis. — Jewish Family Services Inc. has broken ground on Woodale Crossing.  The 56-unit affordable and supportive seniors housing community will be located in Brown Deer, a northern suburb of Milwaukee. Of the total units, 25 percent will be reserved for persons with disabilities who are in need of support services.  Residents will have access to onsite supportive services that include socialization and skill-based programming, social services and independent living support services.  Jewish Family Services has a subsidiary, JFS Housing Inc., which develops affordable housing.

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Assisted LivingDevelopmentNewsWashington

Koelsch Nears Completion of $93M Belle Harbour Project in Bellevue, Washington

by Jeff Shaw

BELLEVUE, Wash. — Koelsch Communities has neared completion of Belle Harbour, a seniors housing community in Bellevue, a suburb of Seattle. The developer expects to open the $93 million project this summer. The campus comprises The Park at Belle Harbour, an assisted living community, and The Inn at Belle Harbour, a dedicated memory care community. Encompassing nearly three acres, the boutique campus features 145 suites across both buildings, with the assisted living community containing 73 private studios, one-bedroom and two-bedroom units. The memory care building has 72 suites ranging from …

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Active AdultDevelopmentNewsSouth Dakota

GSI Opens 133-Unit The Parkwood Active Adult Community in Sioux Falls, South Dakota

by Jeff Shaw

SIOUX FALL, S.D. — GSI has opened The Parkwood, a 133-unit active adult community in Sioux Falls, near both the Iowa and Minnesota borders. GSI began preleasing units at The Parkwood in 2023. GSI and its stakeholder team serve as The Parkwood’s developer, property manager and co-owners in partnership with financial partners. GSI is a an affiliate of Transforming Age, a national nonprofit organization serving older adults. Omaha-based Ronco Construction was the builder on the project.

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