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DevelopmentFloridaNews

Belmont Village, Baptist Health Break Ground on 232-Unit Community in Coral Gables, Florida

by Jeff Shaw

CORAL GABLES, Fla. — Belmont Village Senior Living and Baptist Health South Florida have broken ground on Belmont Village Coral Gables, a 232-unit seniors housing community in the Miami suburb of Coral Gables. The 10-story property will total 350,000 square feet, including 18,388 square feet of ground-floor retail and commercial space. The community will offer independent living, assisted living and memory care services. A health and wellness center on the ground floor, Healthy Living by Baptist Health, will be open to both residents and area seniors. This is Belmont Village’s …

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DevelopmentFloridaMassachusettsNews

Anthology Plans Three Communities in Florida, Massachusetts

by Jeff Shaw

DENVER — Anthology Senior Living, a senior living owner, developer and operator based in Denver, has partnered with Harrison Street, one of the leading investment management firms exclusively focused on alternative real assets, and Peninsula Investments Group, a private equity firm, to develop three new senior living communities in Boynton Beach, Florida; Millis, Massachusetts; and Natick, Massachusetts that include a total of 321 units. Anthology of Boynton Beach, located on 5.3 acres in Boynton Beach, will offer 130 apartments with assisted living and memory care options. Anthology of Millis, situated …

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DevelopmentFloridaNews

Acts Begins $13M Expansion at Indian River Estates in Vero Beach, Florida

by Jeff Shaw

VERO BEACH, Fla. — Acts Retirement-Life Communities has started the $13 million expansion at Indian River Estates, a 100-acre seniors housing community in Vero Beach. The project will add 16 new units to the community, with most already pre-leased. Proctor Construction is the general contractor for the new units, which range from 2,662 to 2,873 square feet. The project is scheduled for completion in 2022.

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Affordable HousingDevelopmentFloridaNews

Catholic Health Services Breaks Ground on 113-Unit Casa Sant’Angelo Affordable Community in Miramar, Florida

by Jeff Shaw

MIRAMAR, Fla. — Catholic Health Services (CHS) and Atlantic Pacific Communities have broken ground on Casa Sant’Angelo, an affordable seniors housing community in the Miami suburb of Miramar. The mid-rise building offers 113 one- and two-bedroom units. Units are reserved for residents age 62 or older who earn between 30 percent and 80 percent of area median income. Funding partners include Broward County, First Housing Development Corp., Florida Housing Finance Corp. and Wells Fargo. The project is the first to use a new Miramar city code that provides impact fee …

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AcquisitionsFloridaNewsSkilled Nursing

SLIB Negotiates Sale of 120-Bed Skilled Nursing Facility in Lakeland, Florida

by Jeff Shaw

LAKELAND, Fla. — Senior Living Investment Brokerage (SLIB) has arranged the sale of a 120-bed skilled nursing facility in Lakeland, located between Tampa and Orlando. The asset was de-licensed by the state in 2017 but was allowed to re-open in early 2020 to accommodate COVID residents. The operator was provided a new license and the seller, a publicly traded REIT, elected to divest of the asset as it was nearly vacant after the initial COVID wave subsided. SLIB represented the buyer, Mainstay Senior Living, which bought the adjacent assisted living …

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CCRCDevelopmentFinanceFloridaNews

Ziegler Arranges $80M Financing for Mayflower Retirement Center Expansion in Winter Park, Florida

by Jeff Shaw

WINTER PARK, Fla. — Ziegler has arranged $80 million in bond financing for an expansion project at Mayflower Retirement Center, a continuing care retirement community in Winter Park, a suburb of Orlando. The community opened in 1989 is situated on approximately 37 acres and currently consists of 220 independent living apartments and 28 villas; 31 private assisted living units with 15 used for memory support services; 60 nursing beds; and associated common areas. The borrower is pursuing a two-phase repositioning of its campus. Phase I was financed in November of …

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Active AdultDevelopmentFloridaNews

Origin Construction to Build $75M America Walks Community in Port St. Lucie, Florida

by Jeff Shaw

PORT ST. LUCIE, Fla. — Miami-based Origin Construction has unveiled plans for America Walks, an active adult rental community in Port St. Lucie spanning 60 acres and more than 400 residences. The project is expected to cost $75 million to develop and is slated for completion in the third quarter of 2023. Ohio-based America Walks is the developer for the gated community. America Walks will feature both a residential and recreational component, including two four-story apartment buildings with 115 units, as well as 300 villas in 60 buildings surrounding four lakes …

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DevelopmentFloridaNews

Ryan Cos., Grand Living Start Construction of Grand Living at Wellen Park in Venice, Florida

by Jeff Shaw

VENICE, Fla. — Ryan Cos. US Inc. and Grand Living have started construction of Grand Living at Wellen Park, a luxury senior living community in Venice. The community will be part of Wellen Park, a master-planned community on the state’s Gulf Coast. The 235,267-square-foot building will bring 192 apartments to Wellen Park. According to a study conducted by Moore Diversified Services, the 75-and-older demographic with income-qualified households in the Venice area is expected to increase by 35.8 percent between 2020 and 2025. Residents will have access to Wellen Park’s amenities, …

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AcquisitionsAssisted LivingFloridaNews

SLIB Negotiates Sale of 82-Unit Legacy at Highwoods Preserve in Tampa

by Jeff Shaw

TAMPA, Fla. — Senior Living Investment Brokerage (SLIB) has arranged the sale of The Legacy at Highwoods Preserve, and 82-unit assisted living and memory care community in Tampa. The community was developed by the seller in 2015 and operated by its affiliate operating company. This asset was an operational outlier for the company, representing its last asset in the Southeast The buyer was Alta Senior Living, which is strategically growing its operating presence in Florida. The price was not disclosed. Bradley Clousing and Daniel Geraghty handled the transaction for SLIB.

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FloridaNewsPeople

LeadingAge Florida Elects New Board of Trustees

by Jeff Shaw

TALLAHASSEE, Fla. — LeadingAge Florida, a Tallahassee-based branch of the nonprofit industry organization, has elected Bruce Jones as its new board chair during the association’s convention in Orlando. Jones is the CEO of Vicar’s Landing in Ponte Vedra Beach. In addition to serving in multiple leadership roles for the association, he also serves on the board of directors of the St. John’s County Council on Aging and is chair-elect of the Brooks College of Health Dean’s Council at the University of North Florida. He is a fellow of both the …

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