Hipster Senior Living Community? Pabst Planning Milwaukee Project
Milwaukee Pabst Senior Housing LP, a New York City-based developer, is bringing back plans to build a senior housing community in two buildings in The Brewery in Milwaukee, according to The Business Journal.
The plan for the development was first floated in the summer of 2011 and featured the renovation of two former Pabst Brewery buildings into a senior living complex, says Michael Zukerman, managing director of Whitestone Realty Capital, which is the main company in Milwaukee Pabst Senior Living according to the Journal.
Upon redevelopment, the community would then be sold to one of two nonprofit operators, United Housing and Community Services Corp. or Improved Living Foundation Inc.
Construction is expected to begin in April and take about 12-14 months. The developers are requesting $37 million in Milwaukee tax-free bond support for the project, under consideration by the Milwaukee Redevelopment Authority. Historical tax credits could also be used for the project.
LGBT-Friendly Affordable Senior Housing Developer Plans $17.5 Million Project
A $17.5 million LGBT-friendly affordable senior housing development in Los Angeles, Calif. is being planned through a partnership between GLEH Los Angeles Corporation and AMCAL Multi-Housing, Inc.
Argyle Apartments will have 40 units and expands GLEH’s existing footprint in Hollywood for seniors in need of affordable housing in an LGBT-friendly environment.
The project will receive funding through California Redevelopment Agency, JP Morgan Chase, and low-income housing tax credits. Argyle Apartments will replace an underutilized site and ail feature a community room with a kitchenette and lounge, landscaped common area with barbecue grills, children’s play structure, and outdoor seating.
The apartment complex is expected to open in Spring 2014.
Senior Solutions Management Group Plans Conversion Project in Tennessee
Senior Solutions Management Group is planning to convert an old elementary school in North Knoxville, Tenn. into an assisted living and memory care community.
SSMG has already begun construction to transform the historic Oakwood Elementary School, a 50,000-square-foot building constructed in 1914, and expects renovations will be completed by this fall.
The community is being built to LEED certification and will have 62 units comprised of one- and two-bedroom apartments. A wing of the building will be dedicated to seniors with memory impairments and the community will include a physical therapy wellness center along with amenities such as around-the-clock caregivers, a licensed nursing staff, home-style cuisine, and scheduled transportation.
The Oakwood will also have a full-time activities director on staff to provide the more independent assisted living residents with social events and recreational activities.
Senior Solutions Management Group will manage The Oakwood upon completion. The community will be owned and operated by Family Pride Corporation.
Construction: In the Process
Senior Lifestyle Corp. Building $2.3 Million Chicago Heights Senior Community
Senior Lifestyle Corp. is building a 100,000-square-foot, $2.3 million assisted living community in Chicago Heights, Ill., reports the Sun Times.
Prairie Green at Dixie Crossing will be a three-story, 144-unit building that’s expected to open in June.
Senior Lifestyle Corp., which will run the community upon its completion, bought the vacant site from Chicago Heights for $1 and was able to obtain some financing for the project from the American Recovery and Reinvestment Act of 2009.
The Prairie Green community will offer supportive and healthcare services and will be part of Illinois’ Supportive Living program, which uses Medicaid waivers for low-income seniors to live in an assisted living rather than institutional care setting. The community will offer housekeeping, laundry, transportation, medication management, three meals a day, and social and recreational services with amenities that will include a hair salon, media center, and physical therapy room.
The Douglas Company Breaks Ground on $6.8 Million Senior Care Community
Holland, Ohio-based general contractor The Douglas Company has commenced construction on an assisted living and memory care community in Hanson, Mass. on behalf of All American Assisted Living, LLC, an affiliate of Kaplan Development Group.
All American Assisted Living at Hanson will have 48 semi-private units with 96 beds in a 48,000-square-foot development with a contract value upwards of $6.8 million. When finished, the community’s amenities will include a bistro, arts and crafts center, media room, country kitchen, and more.
The assisted living and memory care service offerings feature 24-hour personal care assistance that’s tailored to residents’ needs; hospitality services; and social, recreational and cultural programs.
The project, which broke ground mid-December of 2012, is expected to be completed in the fall of 2013. Kaplan Development Group is the project’s owner/operator. AEW is developing the property on behalf of AEW Senior Housing Investors II, L.P.
Greenwich Nursing Home Gets $25.6 Million Renovation & Expansion
A nursing home in Greenwich, Connecticut recently broke ground on a $25.6 million renovation and expansion project, reports GreenwichTime.com.
The 202-bed Nathaniel Witherell facility will have the number of private bedrooms increase from 26 to 60, and the number of double-bed rooms will grow from 136 to 142, while the 40 less-popular four-bed rooms will be eliminated.
The renovation will also include the installation of a sprinkler system in the nursing home’s administration building, new boulders, upgrades to backup power generators, heating, and hot water systems, and improvements to bathrooms and nursing stations along with an expansion of the facility’s rehabilitation space.
Currently, the nursing home’s occupancy is at an estimated 93%, but the administration believes it may slip to about 85% during construction, which isn’t expected to be completed until 2014.
Silverado Breaks Ground on $12 Million Ariz. Memory Care Community
Silverado Senior Living broke ground on Tuesday on a $12 million memory care assisted living community in Peoria, Ariz., reports the Phoenix Business Journal.
The 43,500-square-foot community will be Silverado’s second Arizona location, with the other in Scottsdale.
The Peoria community is scheduled to open in late 2013 or early 2014. It is strategically located near to Sun City and Peoria’s medical office cluster.
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