Tuesday, May 6, 2025
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Development

Affordable HousingCaliforniaDevelopmentNews

Century Housing Opens 160-Unit The Beacon Affordable Community in Long Beach, California

by Jeff Shaw

LONG BEACH, Calif. — Century Housing, in partnership with the City of Long Beach and The Long Beach Community Investment Company, will host a grand opening May 7 at The Beacon, an affordable housing community for seniors and veterans in Long Beach, just south of Los Angeles. “There’s no denying that this past year has been a very difficult and painful year on many, many levels,” says Brian D’Andrea, senior vice president with Century. “This development represents a source of light and hope for all of us, including the more …

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CaliforniaDevelopmentNewsSkilled Nursing

Rudolph and Sletten to Build $269M Expansion at Yountville Veterans Home of California

by Jeff Shaw

YOUNTVILLE, Calif. — Rudolph and Sletten, a subsidiary of Tutor Perini Corp., was awarded a $269 million design-build contract for an expansion project at Yountville Veterans Home of California, located in the Napa Valley town of Yountville. The California Department of General Services (DGS) awarded the contract on behalf of the California Department of Veterans Affairs (CalVet). Founded in 1884, VHC-Yountville is the oldest and largest veterans home in California, and also the largest such facility in the United States, and provides long-term care to 1,000 aged or disabled veterans. …

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Active AdultDevelopmentNewsSouth Carolina

Hudson Capital Properties Completes 194-Unit Inspire Coastal Grand in Myrtle Beach

by Jeff Shaw

MYRTLE BEACH, S.C. — Hudson Capital Properties has completed Inspire Coastal Grand, a 194-unit active adult community in Myrtle Beach. The first phase of leasing is currently underway, with the first residents expected to move in mid-April. Hudson partnered with GHK Cape Fear Development and the property management company is Liberty Senior Living. “The combination of low taxes, lower cost of living and warm weather has made Myrtle Beach an increasingly sought-after retirement destination,” says Bill Schoettelkotte, director of development services at GHK Cape Fear. “The active adult housing market …

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Active AdultDevelopmentNewsNorth Carolina

Capstone, Liberty Start Construction of $36M Inspire Royal Park in Matthews, North Carolina

by Jeff Shaw

MATTHEWS, N.C. — Capstone Communities and Liberty Senior Living have started construction of Inspire Royal Park, an active adult community for persons age 55 or older in the Charlotte suburb of Matthews. Approximately 30 percent of Matthews residents are over age 55, according to the developers. Construction costs were estimated at $36 million. Inspire Royal Park will feature 204 residences comprised of 20 free-standing cottages with private attached garages and 184 loft apartments offering one, two or three bedrooms. Harrison Street Real Estate Capital, a Chicago-based private equity real estate …

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DevelopmentIndustry Voices

Busting 4 Myths of Interior Design in Senior Living

by Jeff Shaw

Residents require spaces that are well finished, but take unique needs into consideration. By Melissa Banko There are plenty of misconceptions around interior design and even more so in the world of senior living design. As someone with 15 years of experience in this industry, I’m here to dispel some of the more pervasive myths I hear and drop a few tips along the way. Senior Living is Just Multifamily for Old People Let’s clear the air from the get-go. Multifamily, hospitality, and senior living design are three completely different …

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DevelopmentFrom The Magazine

Company Profile: Alliance Residential Breaks New Ground

by Jeff Shaw

The largest developer of multifamily communities in the United States tries to bring fresh ideas to seniors housing. By Jeff Shaw While seniors housing carries more operational risk and complexity than other commercial real estate asset classes, the property sector is enticing investors because it offers comparatively higher capitalization rates, meaning a higher annual return on investment. In 2019 before the pandemic struck, the average cap rate for garden-style apartment communities was 5.6 percent compared with 6.4 percent for private-pay seniors housing, according to Real Capital Analytics. In 2019, Alliance …

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DevelopmentIndustry VoicesLegal Issues

How to Work with Cities on New Developments

by Jeff Shaw

Making a partner of your municipality can smooth over many challenges. By Chad Suitonu The hardest thing about senior living development is finding the right land. Many of the good spots are already taken and competition is fierce for the remaining.  But when you have found the sweet spot — that site that has the right demographic demand, limited competition, barriers to entry and a feasible price — you’ll likely still have some obstacles to overcome with the city to get your project built.  Not only must you ensure that …

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Affordable HousingDevelopmentIndependent LivingNewsTexas

The Montrose Center Opens $26.5M LGBTQ-Friendly Affordable Independent Living Community in Houston

by Jeff Shaw

HOUSTON — The Montrose Center has opened the doors on the Law Harrington Senior Living Center, an independent living community in Houston’s historic Third Ward. The community features 112 units available to residents 62 or older meeting mximum income requirements. The programming is specifically designed to appeal to LGBTQ seniors, making it the largest community of its kind in the United States and the first in Texas, according to Montrose Center. Development costs are estimated at $26.5 million. A ribbon-cutting ceremony will be held in June. Legacy Community Health will …

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DevelopmentMichiganNews

KIRCO Starts Construction of 175,000 SF Monark Grove Clarkston in Clarkston, Michigan

by Jeff Shaw

CLARKSTON, Mich. — KIRCO has started construction of Monark Grove Clarkston, a 175,000-square-foot seniors housing community in Clarkston, approximately 35 miles northwest of Detroit. The community features 77 independent living units, 49 assisted living units and 22 memory care units on a 17-acre site. It’s KIRCO’s first project in Michigan. Completion is slated for second-quarter 2022. Beztak will be the operator.

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DevelopmentFloridaNews

Palace Group Opens Four-Story Community in Weston, Florida

by Jeff Shaw

WESTON, Fla. — The Palace Group has opened the doors on The Palace at Weston, an independent living, assisted living and memory care community in Weston, approximately 35 miles northwest of Miami. This is owner-operator Palace Group’s 10th luxury senior living community in Miami-Dade and Broward counties. It is located next door to The Palms, an active adult condominium community developed by The Palace Group. The four-story property features 130 independent living units ranging from 800 to 1,300 square feet, 144 assisted living units and a separate memory care building …

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