Development

DevelopmentNewsTexas

Tradition Senior Living Breaks Ground on 312-Unit The Tradition-Clearfork in Fort Worth

by Jeff Shaw

FORT WORTH, Texas — Tradition Senior Living has broken ground on The Tradition-Clearfork, a seniors housing community in Fort Worth. Upon completion, the development will offer 214 independent living units, 95 assisted living/memory care units and three furnished suites for overnight guests. Units range from 880 square feet to 2,200 square feet. Located on approximately six acres along the Trinity River, the property includes a nine-story independent living building and a five-story assisted living and memory care building. A soft opening is scheduled for spring 2023, with final completion slated …

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DevelopmentMassachusettsNews

Port One, Tiderock Plan $190M Community in Metro Boston

by Jeff Shaw

HOLBROOK, Mass. — Port One Cos. and Tiderock Cos. have formed a partnership to develop a 410-unit seniors housing community on a 48-acre parcel in Holbrook, approximately 15 miles south of Boston. The estimated budget for this project is $190 million. The developers are under contract to acquire the site for $19 million. Tiderock will provide operational support and oversight including but not limited to project management, marketing, budgeting, product mix, and review of and negotiations for limited partner equity and debt. Further details on the project were not disclosed.

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DevelopmentMarylandNews

Brightview Opens 170-Unit Community in Columbia, Maryland

by Jeff Shaw

COLUMBIA, Md. — Brightview Senior Living has opened Brightview Columbia in Columbia, approximately midway between Baltimore and Washington, D.C. The community, Brightview’s 45th, features 91 independent living units, 53 assisted living units and 26 memory care units. Brightview Columbia was designed with a nod to Athol Manor, a historic property within walking-distance of the community. Brightview restored the manor and revitalized the adjacent Manor Park. Athol Manor was gifted by Brightview to the Community Foundation of Howard County.

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Affordable HousingDevelopmentMassachusettsNews

North Shore CDC Plans 50-Unit Affordable Community in Salem, Massachusetts

by Jeff Shaw

SALEM, Mass. — MassDevelopment has awarded $80,500 from the Brownfields Redevelopment Fund to North Shore Community Development Coalition Inc. (North Shore CDC) to perform environmental site assessments on four parcels in the Point neighborhood in Salem. North Shore CDC will collaborate with North Shore Community Health (NSCH) to build the South River Revitalization Project at the site, which will include a 50-unit affordable seniors housing facility and nonprofit center featuring a health center, NSCH administrative offices and office space for other area nonprofits. The parcels are situated at the entrance …

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Active AdultDevelopmentNewsTexas

Cadence McShane Construction to Build 200-Unit Century Heights Active Adult Community in Beaumont, Texas

by Jeff Shaw

BEAUMONT, Texas — The City of Beaumont Housing Authority, in partnership with Brinshore Development, has selected Cadence McShane Construction Co. to build Century Heights, an active adult community in Beaumont, located near the Louisiana border east of Houston. The property will feature 200 units on a 6.8 acre plot.The four-story low-rise will feature four different unit configurations, varying between one- and two-bedroom apartments. Steinberg Dickey Collaborative is serving as project architect. Completion of the project is slated for the end of 2022.

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CCRCDevelopmentNewsPennsylvania

Erickson Opens Assisted Living Expansion at Maris Grove in Glen Mills, Pennsylvania

by Jeff Shaw

GLEN MILLS, Pa. — Erickson Senior Living has completed Evergreen Pointe, an expansion at Maris Grove, a continuing care retirement community in Glen Mills. Located approximately 25 miles west of Philadelphia, the project adds a 76,000-square-foot assisted living addition to the property. The expansion is part of a multi-year plan to grow and renovate the CCRC. Evergreen Pointe is located adjacent to the existing continuing care building, Rose Court, which is being renovated to include an expanded memory care neighborhood and redesigned lobby and bistro. The new neighborhood features 84 …

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Assisted LivingDevelopmentNewsSouth Carolina

Watercrest Nears Completion of 98-Unit Community in Myrtle Beach, South Carolina

by Jeff Shaw

MYRTLE BEACH, S.C. — Watercrest Senior Living Group is now accepting reservations at Watercrest Myrtle Beach in Myrtle Beach. The community sales office is now open for the property, which will feature 76 assisted living units and 22 memory care units. The property’s location is near beaches and golf courses, as well as medical centers, retail, dining, art and entertainment. Watercrest Myrtle Beach is one of two senior living development projects partnered between Watercrest, Corecam Capital Partners and Peninsula Alternative Real Estate. Their additional project, Watercrest Macon Assisted Living and …

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Affordable HousingDevelopmentGeorgiaNews

McShane Completes 124-Unit True Light Haven Affordable Community in Atlanta

by Jeff Shaw

ATLANTA — McShane Construction Co. has completed construction of True Light Haven, a 124-unit affordable seniors housing community in Atlanta Westside neighborhood. National Church Residences is the developer on the four-story project, which sits on 4.7 acres. The residence is located within walking distance of the West Lake MARTA train station and the Westside beltline biking and walking trail. It is also just three miles from the Mercedes Benz Stadium and Downtown Atlanta. True Light Haven was designed to achieve National Green Building Standard (NGBS) Gold certification. The architect of …

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Affordable HousingCaliforniaDevelopmentFinanceNews

Hunt Capital Partners Negotiates $5.6M LIHTC Financing for St. Stephen’s Retirement Center in San Diego

by Jeff Shaw

SAN DIEGO — Hunt Capital Partners, in collaboration with CRP Affordable Housing and Community Development LLC and its affiliate Castellan Holdings LLC, has arranged $5.6 million in Low-Income Housing Tax Credit (LIHTC) equity financing for St. Stephen’s Retirement Center. Located in San Diego, St. Stephen’s Retirement Center is the acquisition and rehabilitation of 60 affordable housing units for seniors. The development will provide a variety of supportive services. As of the closing date of May 12, 2021, this transaction was the first development in California and the fifth in the …

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DevelopmentNewsWashington

Ryan Cos. Completes 405,992 SF Wesley at Tehaleh in Bonney Lake, Washington

by Jeff Shaw

BONNEY LAKE, Wash. — Wesley Homes, Presbyterian Homes & Services (PHS) and Ryan Cos. US have completed construction of Wesley at Tehaleh, a 405,992-square-foot senior living community within the master-planned community of Tehaleh by Newland in Bonney Lake, a suburb of Seattle. The two-building property sits on 16.8 acres and features 18 memory care apartments, 168 independent living apartments and 42 assisted living apartments. “This new community has been in the works for over three years,” says Kevin Anderson, president and CEO of the community. CGA was architect on the …

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