BRIDGEVILLE, Pa. — Resort Lifestyle Communities has opened Chartiers Bend Retirement Resort, a 128-unit independent living community in Bridgeville, a southwestern suburb of Pittsburgh.
Independent Living
ATLANTA — Seniors housing operators and developers are facing pressure to adapt as a new category of lower-acuity housing rises in popularity. The new player in the seniors housing game — active adult — is undercutting independent living developers by appealing to a slightly younger population of empty nesters and retirees.
PEORIA, Ariz., and HENDERSON, Nev. — Resort Lifestyle Communities has completed construction of two independent living communities, Arrowhead Valley Retirement Resort in the Phoenix suburb of Peoria and Cactus Valley Retirement Resort in the Las Vegas suburb of Henderson.
PHOENIX — Life Care Services is developing the $100 million second phase at Sagewood in Phoenix. Westminster Capital is the joint venture development partner of the property, which opened in 2010 and currently has 316 units. Situated on 3.5 acres, the 220,000-square-foot second phase will include 101 independent living apartments. Phase II will feature one- and two-bedroom apartment homes; an 18-hole championship golf putting course; new dining facilities, including The Owl’s Nest restaurant and lounge; expansion of the existing Canyon Café; and an expansion of the current Palo Verde Dining …
Greystone Provides $8M in Refinancing for Age-Restricted Community in Hemet, California
by Jeff Shaw
HEMET, Calif. — Greystone has provided an $8 million Fannie Mae loan for the refinancing of Casa Del Rey Mobile Homes Estates, a manufactured housing property that is age-restricted to residents 55 years old and older in Hemet. Situated on 30.6 acres in San Jacinto Valley, Casa Del Rey Mobile Homes Estates features 267 single- and double-wide pads. The community also features two clubhouses, two pools and spas, recreational and exercise facilities, as well as on-site parking, laundry facilities and a carwash area. Matt Stevens in Greystone’s San Diego office, on …
VICTORIA, Minn. — Watertown, Wis.-based Bethesda Lutheran Communities will break ground this month on Bethesda Cornerstone Village Victoria, an $18 million integrated Christian-focused community for active seniors and independent adults with a developmental disability. The project team includes Kraus-Anderson as construction manager, QPK Design as architect and the Lutheran Church Extension Fund. Located at 1501 82nd St., the 52-unit property will cater to seniors and individuals with an intellectual/development disability who live independently. The new facility will be situated on the site of a Bethesda intermediate care facility, which is obsolete …