In the Pipeline: Senior Housing Construction Projects (3/20/13)

Construction: Planned

Senior Housing Group Plans Construction on Minn. Multi-Care Community

Saint Therese, a Catholic-based senior care organization, plans to break ground on a new campus in Woodbury, Minn. this fall, the local Patch reports.

The community, Bielenberg Gardens, will be located at the southwest corner of Radio Drive and Bailey Road in Woodbury, and will be built adjacent to a new shopping center scheduled for a June 2013 construction.

Plans for Bielenberg Gardens feature 275 units comprised of one- and two-bedroom independent living, assisted living and memory care apartments. 

Planning partners for the project include Essential Decisions, Inc. and Growth Resource Partners. Bielenberg Gardens is expected to open in late 2014 or early 2015.

Sequestration May Delay $22.3 Million Senior Housing Complex

An affordable senior housing project in El Cerrito, Calif. that has already been delayed for a year may have to wait another year or two until construction finally gets underway, the West County Times reports. 

The federal government’s $85 billion sequestration has made cuts to county programs that could aid the $22.3 million, 63-unit housing complex, says project developer Eden Housing. The expected cost of the project includes $13.7 million in private investment and $12.5 million in federal tax credits, but now those funds are in limbo.

The project was held up after the state dissolved city and county redevelopment agencies in 2011, the article reports. 

The Hayward-based Eden Housing said it is looking to a bill in the state legislature that would provide $300-$500 million for low-income housing statewide. Eden currently maintains 5,000 low-income housing units in the Bay Area, with 10,000 families on its waiting list. 

Two Senior Housing Projects Planned for Fort Wayne

Last week, two senior living communities were proposed in Fort Wayne, Indiana, reports the Journal Gazette. 

Senior Homes of Fort Wayne said it wants to build a $4 million apartment complex in the city’s southwest side. 

The project, Bridgewater Senior Apartments, would be provided for people age 55 and older, with rents ranging from $650 to $875 a month, and would include 46 single-story dwellings. One- and two-bedrooms would span 750- to 850-square feet, with two-bedroom units coming equipped with a one-car attached garage.

Senior Homes intends to begin building on the project’s first 30 units this spring, with the anticipation of wrapping up construction in the summer. 

Earlier in the week, Performance Property Group proposed a $9.2 million residence for retirees. 

Waters Park Villas, a 50-unit subdivision on Wallen Road, awaits a decision from the Fort Wayne Plan Commission. The subdivision would include two- and three-bedroom homes, ranging in price from $170,000 to $190,000 and in size up to 1,550-square-feet. 

Medical Facilities of America Plans $11 Million Va. Nursing Home

The Fauguier County Planning Commission will consider a special exception permit application from Medical Facilities of America (MFA) on March 28, reports Fauquier Now for the Bealeton Health & Rehabilitation Center.

Virginia-based MFA hopes to open an $11 million nursing home along Route 28 in Bealeton by summer of 2014. The project would open with 90 beds in a 73,000-square-foot building, according to MFA President Bruce Hedrick. The home would also include a 4,000-square-foot rehabilitation area and a 2,400-square-foot “mobility garden.”

MFA woud also need state approval to add 30 more beds, as requested for the special exception permit, for a total of 120 beds.

Construction: In the Process

Construction Begins for Arizona Assisted Living and Memory Care Community 

Milestone Retirement Communities, LLC has begun construction on a new assisted living community in Arizona, the Kingman Daily Miner reports. 

White Cliffs Senior Living is the first venture in Kingman, Ariz. for the Vancouver-based provider that currently operates 17 communities in nine states.

Situated on nearly five acres, the project will include 77 assisted living units and 30 memory care beds, which will provide a home-like environment with personal care, according to Milestone. 

Milestone just recently broke ground on the project and anticipates construction will last about 12 months. 

Belmont Village Breaks Ground on Austin-Area Senior Community 

Belmont Village Senior Living has broken ground on its 23rd community, which will include assisted living and memory care units dedicated to Alzheimer’s and other cognitive impairments. 

Belmont Village West Lake Hills is scheduled to open Spring 2014, and will be located northwest of AUstin at 4310 Bee Cave Road. 

The Belmont Village design uses only five of 13 acres originally purchased for the project, enabling the company to preserve 4,000 trees and much of the natural vegetation. 

Fees will be monthly for the community, with no long-term commitments or large entrance fees required.

The building will house 141 private studio and one-bedroom apartments, plus an array of common areas for social gatherings, activities, lectures, and entertainment.

Construction: Completed

Ryan Companies to Open Orland Park’s First Affordable Senior Housing Community

An independent living community for seniors is opening its doors this month in the southwest Chicago suburbs, the Chicago Tribune reports.

Thomas Place Orland Park will open 31 of its 80 units this month, and looks to be the first residential development with affordable housing rent rates in the village. The rest of the units should be ready by May, according to Minneapolis-based developer Ryan Companies US Inc.

Ryan Companies was able to use tax credits to generate $17 million in private equity for the Orland Park development.

Housing will be available to adults age 55 and older, with many of the one-bedroom units renting at $775, while most two-bedroom units will rent at $942 a month. 

Church Opens Affordable Senior Housing Residence

Vision of Victory (VOV) Community Development Corporation has completed work on The Roundtree Residences, a $16 million affordable senior housing development that recently opened in Southeast Washington, D.C.

Allen Chapel AME Church, VOV, The NHP Foundation, and other joint venture partners established the development, which offers housing to low- to moderate-income seniors with incomes 60% or less than the Washington, D.C. average median income.

The Roundtree Residences features amenities such as an Internet cafe, health and fitness center, library, and on-site parking. 

Written by Jason Oliva