Massachusetts

Residences-Mill-8_Ludlow-Mass

LUDLOW, Mass. — WinnCos. and Westmass Area Development Corp. have opened The Residences at Mill 8, a 95-unit mixed-income seniors housing community. Situated within a former mill building, the $43.2 million project features apartments for residents age 55 and older, with 43 units reserved for residents earning at or below 60 percent of the area median income (AMI), 40 market-rate units and 12 units reserved for residents earning at or below 30 percent of the AMI. All of the units have been leased, and full occupancy is expected by Dec. 1.  …

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Preference and Perception Gaps

BOSTON — Older adults aspire to be “ageless wonders” and prioritize food and nutrition as the No. 1 factor affecting their health and well-being, according to a newly released survey. The majority of today’s baby boomer population (69 percent) plan to age in place, the “Great Expectations” survey conducted by Age of Majority for Restaura found. A key factor in their desire to stay in their homes could be the significant gap the survey uncovered between how and what they like to eat and the perceived ability of senior living communities …

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Residences on Lincoln Square in Worcester, Massachusetts

WORCESTER, Mass. — WinnDevelopment and WNC & Associates (WNC) have begun construction on The Residences on Lincoln Square, an affordable seniors houising community, located in downtown Worcester. The developers are preserving and converting the historic three-story Lincoln Square Boys Club building into 16 affordable housing units, while also constructing an adjacent five-story building with an additional 64 units.  A single-story glass enclosure will connect the buildings via the ground floor, allowing residents access between the two buildings. The 80-unit development for seniors age 55 and above is scheduled for completion in …

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Andréa Catizone and Debbie Howard

PLYMOUTH, Mass. — Senior Living SMART (SLS) has released its newest resource for senior living professionals. The book is titled “SMART(er) Marketing for Senior Living Communities: How to Work Smarter, Not Harder to Grow Occupancy.”  The co-authors are industry experts Deborah Howard, CEO of SLS, and Andréa Catizone, president and COO of SLS, a full-service senior living marketing agency based in Plymouth. The book is billed as a comprehensive guide to mastering senior living marketing in a complex, ever-evolving landscape. Whether you’re a digital marketer, vice president of sales, or …

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WORCESTER, Mass. — WinnCompanies has started construction of Residences on Lincoln Square, a $51 million project to transform the historic Worcester Boys Club property into 80 affordable apartment homes for adults 55 and older. The historic structure hosted one of the first Boys Clubs in the nation in 1930 and later served as Worcester Vocational High School for decades before becoming vacant in 2006. The WinnDevelopment effort will employ adaptive reuse techniques to preserve and renovate the 94-year-old building as 16 apartment homes and a variety of community spaces, while …

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DANVERS, Mass. — Blueprint Healthcare Real Estate Advisors has arranged a new operator for Hathorne Hill, a skilled nursing facility in the Boston suburb of Danvers. Blueprint was engaged by both the developer landlord and existing tenant to secure a new operator and lease arrangement.  Located across the street from Beverly Hospital at Danvers and within close proximity to several other referral sources in this densely populated suburb, the facility was constructed in 2012 and is the newest skilled nursing facility serving the local submarket. The facility’s census quickly rebounded …

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MASSACHUSETTS — Capital Funding Group (CFG) has provided a $17.3 million in bridge-to-HUD financing for the acquisition of three skilled nursing facilities in Massachusetts.  The facilities support 322 beds. The buyer, seller, price and names/locations of the properties were not disclosed.  Craig Casagrande and Catherine Mansel originated the transaction for CFG.

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FOXBOROUGH, Mass. — MassDevelopment has issued a $22.2 million tax-exempt bond on behalf of Walnut Street Phase One 4 LLC to build 80 units of affordable seniors housing at 51 Walnut Street in the Boston suburb of Foxborough. The developer is a joint venture that includes Affordable Housing and Services Collaborative Inc., Peabody Properties Inc. and The Onyx Group. The site, previously owned by the Commonwealth of Massachusetts, was turned over to the Foxborough Housing Authority in 2017.  These units represent the first step in a multi-phase project that will …

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BOSTON — LGBTQ Senior Housing Inc., Pennrose, the City of Boston and other project partners have opened The Pryde, an LGBTQ-affirming affordable housing community for seniors in Boston’s Hyde Park neighborhood. The project transformed the historic Rogers Middle School site into a vibrant community of 74 mixed-income rental homes. The Pryde includes studio, one- and two-bedroom modern apartments available to households earning less than 30 percent to less than 100 percent of the area median income (AMI), or approximately $36,690 to $103,900 for a one-person household. Several apartments will be …

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WAYLAND, Mass. — LCB Senior Living has completed a renovation project at the Residence at Paine Estate in Wayland, approximately 15 miles west of Boston. The property, which sits alongside the Sudbury River, was purchased in the early 1900s by Edwin Farnham Greene, who built a brick mansion and installed gardens overlooking the river. In 1926, he sold the site to Frank and Virginia Paine and it became known as Paine Estate.  Frank Paine was the son of a Civil War general who earned his fortune by investing in the …

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