Development

DevelopmentFrom The Magazine

Interior Designers Seek Perfect Balance

by Jeff Shaw

Seniors housing specialists must consider physical and aesthetic needs of many parties, and design choices can even help with infection control. By Jeff Shaw Interior design for seniors housing is a tricky proposition. A room’s layout, lighting, colors and furniture must be both aesthetically pleasing and functional for a wide range of users. That list includes the residents, care staff and visiting family — all while still at a price and style that pleases the building’s owners. “There are a lot of cooks in this kitchen,” says Melissa Banko, principal …

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CCRCDevelopmentNewsVirginia

Mather Launches Phase II Presales at Massive CCRC Project in Tysons, Virginia

by Jeff Shaw

TYSONS, Va. — Mather has started pre-sales for the second phase of The Mather, a Life Plan Community in Tysons, a suburb of Washington, D.C. The second phase is known as the South Building. The two high-rise buildings of the development include one with 186 apartments (Phase I, projected to open in 2023) and another with 114 apartments (Phase II, projected to open in 2024), which will be connected by a multi-story concourse with amenity spaces. Phase I is currently 80 percent pre-sold. Entrance fee pricing starts at $646,700, with …

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Affordable HousingDevelopmentMassachusettsNews

Arch Communities, WinnDevelopment Begin $25.7M Historic School Redevelopment in Southbridge, Massachusetts

by Jeff Shaw

SOUTHBRIDGE, Mass. — Arch Communities and WinnDevelopment have started a $25.7 million project that will transform the 104-year-old Mary E. Wells School in Southbridge into seniors housing. The property is located along the Connecticut border southwest of Worcester. Upon completion, the community will feature 62 apartments for seniors over age 55, with 48 of the apartments restricted for residents earning up to 60 percent of the area median income (AMI), eight reserved for up to 30 percent of AMI and six at market rates. The Massachusetts Department of Housing and …

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DevelopmentNew JerseyNew YorkNews

EW Howell Construction Group Completes Two New Communities for Sunrise Senior Living

by Jeff Shaw

HUNTINGTON STATION, N.Y., and SUMMIT, N.J. — EW Howell Construction Group has completed two new senior living facilities in Huntington Station and Summit for Sunrise Senior Living. Sunrise of Huntington is a 90-unit luxury senior community in the Long Island hamlet of Huntington Station. The two-story building features studio, one- and two-bedroom apartments offering assisted living and memory care services. The property is Sunrise’s 11th on Long Island. The second project, located in Summit, features 114 beds in a 70,000-square-foot building. Development costs were estimated at $21 million. “There has …

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ColoradoDevelopmentNews

MorningStar Senior Living, Edgemark Plan 160-Unit Community in Centennial, Colorado

by Jeff Shaw

CENTENNIAL, Colo. — MorningStar Senior Living and Edgemark Development LLC have unveiled plans for MorningStar Senior Living at Holly Park in the Denver suburb of Centennial. Groundbreaking is scheduled for fourth-quarter 2021 for planned completion in 2023. The four-story project will be located on three acres and offer 160 units of independent living, assisted living and memory care. This will be MorningStar’s second location in Centennial and 13th in Colorado. MorningStar and Edgemark will co-develop and own the community.

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CaliforniaCCRCDevelopmentFinanceNews

Ziegler Arranges $297M Financing for Ensō Village Development in Sonoma County

by Jeff Shaw

HEALDSBURG, Calif. — Ziegler has arranged $297 million in bond financing for the development of Ensō Village, a continuing care retirement community in the Sonoma County city of Healdsburg. The borrower is Kendal Corp., which is developing the property. The California Public Finance Authority issued the tax-exempt bonds. Ensō Village is located on approximately 16 acres and will feature 221 independent living apartments, 30 assisted living apartments and 24 memory support apartments. Of the 221 independent living apartments, 20 are low-income rental apartments for retired Buddhist teachers, and 10 are …

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DevelopmentFinanceMichiganNews

HJ Sims Secures $41.9M Financing for Waterford Place Expansion Project in Jenison, Michigan

by Jeff Shaw

JENISON, Mich. — HJ Sims has arranged $41.9 million in financing for Sunset Retirement Communities, a multi-campus, nonprofit senior living provider located in Michigan. In 2009, Sunset embarked on development of Waterford Place in the Grand Rapids suburb of Jenison, completing the campus in 2015. In 2020, Sunset pursued Phase III of the development, including the addition of 62 independent living apartments, 20 villas and amenity spaces. The market study for Phase III (completed in March 2020) supported the need for the expansion. COVID-19 slowed down pre-sales and created a …

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CCRCDevelopmentFinanceNebraskaNews

Ziegler Arranges $48M Development Financing for Tabitha at Prairie Commons in Grand Island, Nebraska

by Jeff Shaw

GRAND ISLAND, Neb. — Ziegler has arranged $48 million in financing for Tabitha Grand Island for the construction of Tabitha at Prairie Commons in Grand Island. The financing comprises $34 million in bonds placed with Pinnacle Bank, a $12 million subordinate loan placed with Mission Investment Fund of the Evangelical Lutheran Church in America, and a $2 million tax incremental financing loan provided by Pinnacle Bank. The borrower is a Nebraska nonprofit established in 2019 for the purpose of constructing and operating Tabitha at Prairie Commons, which will feature 81 …

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DevelopmentNewsWisconsin

Kraus-Anderson Begins Construction of $20M Senior Living Facility in Sparta, Wisconsin

by Jeff Shaw

SPARTA, Wis. — Kraus-Anderson has begun construction of Rolling Hills, a $20 million senior living and rehabilitation center located in the western Wisconsin community of Sparta. Designed by Community Living Solutions LLC, the 80,000-square-foot property will feature 50 skilled nursing beds, 24 CBRF assisted living units and 24 RCAC assisted living apartments. CBRF refers to community-based residential facility, which is a place where five or more unrelated people live together in a community setting and receive up to three hours of care per week. RCAC refers to residential care apartment …

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Affordable HousingDevelopmentNewsPennsylvania

Pennrose Completes Bensalem Veterans Residences in Bucks County, Pennsylvania

by Jeff Shaw

BENSALEM, Pa. — Pennrose has opened Bensalem Veterans Residences, a affordable residential community for seniors and senior veterans age 62 years and older. Partners on the project included Pennsylvania Housing Finance Agency, Bucks County, the Bucks County Housing Authority and Bensalem Township The 39,673-square-foot apartment community offers 40 one-bedroom units in a three-story building in the Philadelphia suburb of Bensalem. The project was financed with Low Income Housing Tax Credits awarded by the Pennsylvania Housing Finance Agency. Hudson Housing Capital was the syndicator of these credits and Santander Bank is the …

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