ST. PETERS, Mo.; WEST CHESTER, Pa.; and FORT WORTH, Texas — Life Care Services, an LCS Company, has been selected as the management partner for three communities owned by affiliates of Longview Senior Housing. The announcement expands the total number of Longview communities managed by Life Care Services to seven. The properties include:
ST. CHARLES, Mo. — Arrow Senior Living, a St. Charles-based owner-operator, has taken over management of eight seniors housing communities across Illinois, Iowa, Missouri and Arkansas. Closed in June, CedarStone Senior Living and PrairieStone Senior Living, both located in Cedar Falls, Iowa, were developed by Nelson Construction and Development. CedarStone consists of 120 apartments, including 88 assisted living apartments and 32 memory care apartments. PraireStone consists of 111 apartments, with 79 assisted living apartments and 32 apartments dedicated to memory care. Arrow also began operating six independent living communities, in …
CHESTERFIELD, Mo. — Tutera Senior Living & Health Care, together with Shelbourne Healthcare Development Group, have completed The Lumiere of Chesterfield, an upscale senior living community in the St. Louis suburb of Chesterfield. The community features 96 units of independent living, 37 units of assisted living and 17 units of memory care in a 193,000-square-foot building near the Chesterfield Mall. Development costs were estimated at $55 million. The project architect is Moseley Architects in Springfield, Virginia, and the interior designer is Faulkner Design Group out of Dallas.
BALLWIN, Mo. — IMPACT Strategies Inc. has completed The Rehabilitation Institute of St. Louis – West County in Ballwin, a suburb west of St. Louis. Encompass Health Corporation and BJC HealthCare held a ribbon cutting at the property in May 2024. This inpatient rehabilitation hospital is an expansion of the current joint venture between Encompass and BJC, which already includes three hospitals known as The Rehabilitation Institute of St. Louis, The Rehabilitation Institute of Southern Illinois and The Rehabilitation Institute of St. Louis located in St. Peters. The recently completed …
LEE’S SUMMIT, Mo. — Ziegler has arranged $42.3 million in bond financing for John Knox Village, a continuing care retirement community (CCRC) in the Kansas City suburb of Lee’s Summit. The Industrial Development Authority of the City of Lee’s Summit issued the bonds. John Knox Village is one of the nation’s largest nonprofit, single-site offering 948 independent living units ranging from single-family homes to apartments, 106 assisted living units, 76 memory care units and 122 skilled nursing beds. The community also provides home health, hospice, outpatient therapy, ambulance services, private …
CHESTERFIELD, Mo. — Tutera Senior Living & Health Care has partnered with Shelbourne Healthcare Development Group to manage and lease The Lumiere of Chesterfield, an upscale senior living community slated to open this spring in the St. Louis suburb of Chesterfield. The 193,000-square-foot development will offer 150 apartments, including 96 independent living, 37 assisted living and 17 memory care units.
CLAYTON, Mo. — Berkadia has arranged a refinancing for Clarendale Clayton, a 283-unit continuum-of-care community in the St. Louis suburb of Clayton. Austin Sacco of Berkadia Seniors Housing & Healthcare arranged financing through a national bank on behalf of the borrower, a joint venture between Harrison Street, Ryan Cos. US Inc. and Life Care Services (LCS). The $82.5 million, floating-rate loan features five years of interest-only payments.
ST. PETERS, Mo. — Midas Construction is underway on Viva Bene, a $37.8 million active adult community in the St. Louis suburb of St. Peters. Developed by Avenue, the 161-unit luxury property is located at 101 Viva Bene Circle. Greystar is the property manager. Completion is slated for this fall.
WELDON SPRING, Mo. — New Perspective has opened a leasing office at its new community in Weldon Spring, approximately 30 miles west of St. Louis. The community is scheduled to open this summer. “We are looking forward to the opening of our first location in the St. Louis area,” says New Perspective co-CEO Ryan Novaczyk. The community will offer independent living, assisted living and memory care services. The number of units was not disclosed.
GREENVILLE, S.C.; SEATTLE; SPRINGFIELD, Mo.; TUKWILA, Wash.; and HILLSBORO, Ore. — Seattle based Merrill Gardens has added four existing communities to its portfolio, along with one new community under construction. The privately held company now operates 65 communities in 17 states. The first community is Merrill Gardens at Greenville. The newly opened independent living community features 129 studio, one- and two-bedroom apartments. Also acquired was Murano Senior Living in Seattle. The high-rise community features 243 apartments with waterfront and city skyline views. The property offers independent living, assisted living and …
