Illinois

McShane Completes 131-Unit The Woodlands at Canterfield in West Dundee, Illinois

by Jeff Shaw September 28, 2023

WEST DUNDEE, Ill. — McShane Construction has completed The Woodlands at Canterfield, a 131-unit senior living development in West Dundee, approximately midway between Chicago and Rockford. Built for Westbrook at Canterfield, LLC, The Woodlands at Canterfield comprises 91 assisted living units and 40 memory care beds as well as 16,000 square feet of amenity space. Positioned on a nine-acre site, the one-, two- and three-story building features a fiber cement panel and stone veneer exterior. Units are offered in studio, one- and two-bedroom options AG Architecture is the architect and …

September 28, 2023

Development Illinois News

The Danish Home of Chicago Breaks Ground on 14-Unit Expansion

by Jeff Shaw September 15, 2023

CHICAGO — The Danish Home of Chicago, an independent seniors housing community in Chicago, has broken ground on a 14-unit expansion. The Danish Home of Chicago was established in 1897 by 12 Danish women to provide a comfortable, safe life for elderly Danes. Today, the boutique, nonprofit community offers all levels of care to people 62 and older without regard to nationality, faith or sexual orientation. Currently home to 41 seniors when fully occupied, the new Garden Suites will allow an additional 14 people to live at the community. The …

September 15, 2023

Affordable Housing Development Illinois News

ACO Commercial Arranges $8M Sale of Development Site on Chicago’s South Side

by Jeff Shaw September 12, 2023

CHICAGO — ACO Commercial has arranged the sale of a five-acre development site located at 3000-3052 S. Pitney Court in Chicago’s Bridgeport neighborhood for $8 million. George Toscas and Linda Hatter of ACO represented the seller, St. Louis-based SOHO Investments Inc. The buyer was the Chinese American Service League Inc. The nonprofit plans to develop the site into a comprehensive community care campus with affordable seniors housing, an adult day service center for seniors, an early childcare center and an industrial/commercial kitchen for senior meals and culinary training programs. Additionally, …

September 12, 2023

Acquisitions Illinois News Skilled Nursing

Ziegler Negotiates Sale of 135-Bed Bethesda Rehab & Senior Care in Chicago

by Jeff Shaw August 29, 2023

CHICAGO — Ziegler has arranged the sale of Bethesda Rehab & Senior Care, a 135-bed skilled nursing facility in Chicago. The four-story facility is located on a nearly two-acre parcel. For over 100 years, Bethesda has had a presence in the Chicagoland area and the community has developed a reputation for providing short-term rehabilitation, long-term skilled nursing care, respite care and Alzheimer’s care to seniors throughout the greater northern Chicagoland area. Bethesda was previously a part of Norwood Crossing, founded in 1896, whose main residential campus in Chicago’s Norwood Park …

August 29, 2023

Acquisitions Illinois News Skilled Nursing

ESI Arranges Sale of 213-Bed Champaign Urbana Nursing & Rehab in Illinois

by Jeff Shaw August 22, 2023

SAVOY, Ill. — Evans Senior Investments (ESI) has arranged the sale of Champaign Urbana Nursing & Rehab in Savoy, approximately midway between Chicago and St. Louis. A regional owner-operator sold the asset to Mozart Healthcare, which plans to install Accolade Healthcare as the operator. The price was not disclosed. Initially built in 1975, the facility is licensed for 213 skilled nursing beds, and at the time of marketing was 49 percent occupied. Due to the headwinds of the COVID-19 pandemic, which placed bans on admissions and restricted elective surgeries, the …

August 22, 2023

Assisted Living Finance Illinois News

Greystone Provides $16.8M Loan for Supportive Living Community in Rolling Meadows, Illinois

by Jeff Shaw August 18, 2023

ROLLING MEADOWS, Ill. — Greystone has provided a $16.8 million HUD LEAN 232/223(f) green loan to refinance a 102-unit supportive living facility in Rolling Meadows, approximately 25 miles northwest of Chicago. Plum Creek at Rolling Meadows is a three-story facility on 1.46 acres, which was constructed in 1986 as a hotel property and converted to a supportive living facility in 2006. The Supportive Living program in Illinois is an alternative to nursing home care for low-income older persons requiring mid-range care needs as opposed to skilled nursing. With the 35-year …

August 18, 2023

CCRC Development Illinois Independent Living News

Lifespace Completes Independent Living Renovation at Oak Trace in Downers Grove, Illinois

by Jeff Shaw August 1, 2023

DOWNERS GROVE, Ill. — Lifespace has completed renovations to the independent living building at Oak Trace, a continuing care retirement community in Downers Grove, approximately 20 miles west of Chicago. The renovations were part of a $112 million full-campus redevelopment. The first phase of the project occurred in 2019, when Oak Trace opened its new Health and Wellness Center offering assisted living, memory care rehabilitation and skilled nursing. It was named among the Best Nursing Homes by U.S. News & World Reportfor 2022-2023. The latest phase, completed last week, features renovated shared …

August 1, 2023

CCRC Illinois News People

Lifespace Appoints Doug Fleegle as Executive Director of Beacon Hill in Lombard, Illinois

by Jeff Shaw July 24, 2023

LOMBARD, Ill. — Lifespace Communities has named Doug Fleegle as executive director of its Beacon Hill community in Lombard, a village 20 miles west of Chicago. Fleegle previously served as executive director at Lifespace’s Village on the Green community in Longwood, Florida from 2016 to 2019. Fleegle has extensive executive-level leadership experience in senior living, healthcare and human services. Most recently, he served as the executive director of Las Ventanas, a HumanGood continuing care retirement community. He has also held leadership roles at Westminster Communities of Florida, Asbury Communities and …

July 24, 2023

Development Illinois News

LCS Opens 258-Unit Clarendale Six Corners High-Rise in Northwest Chicago

by Jeff Shaw July 19, 2023

CHICAGO — Life Care Services has opened the doors on Clarendale Six Corners, a 258-unit seniors housing community in the Portage Park neighborhood of northwest Chicago. Rising 10 stories at the intersection of Milwaukee Avenue and Irving Park Road, the community features 114 independent living apartments with one, two and three-bedroom layouts, 98 assisted living units and 46 memory care apartments.

July 19, 2023

Acquisitions Illinois Memory Care News

Blueprint Arranges $9.3M Receivership Sale of Springs of Vernon Hills in Illinois

by Jeff Shaw July 12, 2023

VERNON HILLS, Ill. — Blueprint Healthcare Real Estate Advisors has brokered the $9.3 million sale of Springs of Vernon Hills in Vernon Hills, a northern suburb of Chicago. The standalone memory care community was built in 2015 and features 70 units. The seller was The Long Hill Company, a nationally focused turnaround management firm serving as the court-appointed receiver for the property. After falling to 58 percent occupied in 2021 following Illinois’ strict COVID-19 lockdowns, the community was placed into receivership. Under Long Hill’s management, the community steadily regained census, …

July 12, 2023

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