WASHINGTON, D.C. — Senior Lifestyle Corp. has started renovations at The Residences at Thomas Circle in downtown D.C. To be completed spring 2021, the renovations will refurbish to several common areas of The Residences of Thomas Circle. The renovations will include a multi-purpose activity room, a living room, a den/library, and a main and private dining room. The renovations also include the expansion of the memory care neighborhood with 17 new apartments.
Washington, D.C
DCHFA Provides $78M in Financing for Development of The Residences at Kenilworth Park in Washington, D.C.
WASHINGTON, D.C. — The District of Columbia Housing Finance Agency (DCHFA) is funding the construction of The Residences at Kenilworth Park, an affordable assisted living community in Washington, D.C’s Ward 7. DCHFA issued $58 million in bond financing and underwrote $20 million in four percent Low Income Housing Tax Credit (LIHTC) financing for the 157-unit development. Apartments at The Residences at Kenilworth Park will be reserved for seniors age 60 and above who require assistance with two or more activities of daily living. Residents must earn 60 percent or less …
Walker & Dunlop Arranges $10.1M in Financing for Affordable Redevelopment Project in Washington, D.C.
WASHINGTON, D.C. — Walker & Dunlop has structured $10.1 million in construction and permanent financing for Spring Flats. The project calls for the redevelopment of a historic property known as The Hebrew Home, located in the Petworth neighborhood of Northwest Washington, D.C. The development caters primarily to seniors and low-income residents. Development costs are estimated at $59 million. Originally constructed in 1925, The Hebrew Home served as a nursing home until 1968, when the city purchased the property and converted it into a community health center. The asset has been vacant …
WASHINGTON, D.C. — A project development team comprising Dantes Partners, Gilbane Development Co., Carding Group and H Street Community Development Corp. has broken ground on Livingston Place at Southern in Washington D.C.’s Ward 8. The five-story community offers 152 units of affordable assisted living. Partners on the project include the D.C. Housing Finance Agency (DCHFA), the D.C. Department of Health and the Department of Healthcare Finance. Residents must be at least age 60 and earn no more than 60 percent of the area median income. The project is the first …
WASHINGTON, D.C. — Meridian Senior Living has hired three managers, including an executive director, for the company’s Chevy Chase House community in Washington, D.C. The company hired Nicki Beekman as executive director, Kimberly Clynes as director of nursing and Ceridwen Kelley as assistant director of nursing.