In the Pipeline: Senior Housing Construction Projects (4/24/13)

| April 24, 2013

Construction: Planned

Kisco Senior Living Converting IL Units into AL at Va. Community

Kisco Senior Living is renovating and expanding its First Colonial Inn property in the Hilltop area of Virginia Beach.

The Carlsbad, Calif.-based company also said it is converting some of the building’s units that are currently independent living into assisted living accommodations. 

The conversions will increase the property’s assisted living homes from 20 to 60 units, which Kisco expects to be completed in May. 

Alcore Senior, LLC Plans Senior Living Development in Oregon

AlcoreSenior, LLC, proposes to develop, own and operate an assisted living campus for seniors on a 13-acre site at the southeast corner of Seaman Road and South Coy Road in Oregon.

The campus will include 10-20 independent living units located either in ranch-style bungalows or a multi-family building, and a 60-80 unit assisted living and memory care center of approximately 45,000-square-feet.

The final unit mix will be determined upon completion of a market study, according to the company. 

The facility will target seniors who are 81 years old and over, and the average length of stay will be three years, the company said. 

Representatives for the project went before a council committee on Monday seeking to have the costs financed from proceeds of up to $15 million in mortgage revenue bonds issued by the city. 

Proceeds from the tax-exempt bonds will be used primarily for project planning and construction expenses, capitalized interest during the construction period and working capital. Proceeds from the taxable bonds will be used primarily for project management expenses, working capital and costs of issuance related to the bonds.

ECS to Break Ground on Calif. Senior Living Community

The MonteCedro senior living community is set to break ground in late sumer, according to parent company Episcopal Communities & Services (ECS). 

The announcement of the new ECS community occurred last week at an Altadena Town Council meeting in California, reports the local Patch. MonteCedro must have 70% of its residences—130 homes—reserved before construction begins, a goal the organization believes it can achieve it believes can achieve. 

To prepare for groundbreaking construction, MonteCedro has begun deconstructing the homes along the west side of Crawford Ave. and the north side of Alameda Street. 

Building materials such as wood doors, cabinets and windows, will be donated to the San Gabriel Valley Habitat for Humanity. Additionally, approximately 80% of the deconstructed materials will be sent to a recycling center instead of a landfill. 

To ensure the safety of its surrounding neighbors and school children, MonteCedro has contracted a security company to patrol the property. Crossing guards will be located on Calaveras and Alameda to supervise and monitor traffic flow around the property.

MonteCedro will be built by DPR Construction, a nationally-recognized firm with offices in Pasadena, Calif. Once complete, the community will employ more than 100 people in various positions, including nursing, administration, dining services and maintenance.

Ill. Independent Living Development to Move Forward With Final Plans Approval

Mount Prospect village trustees approved final plans for an independent senior housing community to be constructed in the northwest Chicago suburb, reports Journal Online.

Trustees approved a preliminary Planned Unit Development (PUD) for the project more than two years ago, where around this time the village board granted a one-year extension for developers to obtain funding.

Construction of the 95,000-square-foot facility will most likely begin at the end of May, according to Alden Foundation Executive Director Beth Demes.

When constructed, the community will stand three stories high and will consist of 92 units—70 one-bedroom and 22 two-bedroom. The one-bedroom units will span 680-square feet and the two-bedroom units will range between 920- and 1,100-square-feet.

The minimum age for a resident to live in the facility is 62 years old, according to Demes. 

For the last four years, Alden has been trying to obtain tax credits to help with construction, which was finally granted in recent months.

$12.5 Million Calif. Senior Care Project to Proceed After Fee Deferral

Imperial Valley Assisted Living Inc. (IVAL) plans to develop a 46,000-square-foot assisted living, skilled nursing and Alzheimer’s complex, reports Imperial Valley Press

The project is estimated to cost $12.5 million. Calexico City Council approved city staff to draft an agreement that would allow a deferral of $15,393 in fee payments for an assisted living development last week. 

IVAL is currently making the request to defer the fees in order to give it an opportunity to submit and process a zone text amendment and site plan without having to pay the fees at the time of application. 

The deferral would be for 11 months or less if funding is obtained before the 11-month deadline. Payment would be guaranteed by using a parcel of property estimated to be worth about $70,000 as collateral. 

The zone text amendment would help IVAL move forward in obtaining funding for the project, which it hopes would come primarily through Housing and Urban Development funding, says IVAL President Arturo Riosecco.

The project began in 2009 with a request to use former Calexico National Guard Armory property, which belonged to the now-defunct Calexico Redevelopment Agency. 

Construction: In the Process

LaSalle Group, MedProperties Partner for $10.7 Million Memory Care Project

The Lasalle Group, an Irving, Texas-based company that develops and manages senior living centers for people with Alzheimer’s disease and dementia, is building its first site in San Antonio. 

The project, Autumn Leaves of Stone Oak, will span 30,000-square-feet and care for up to 50 residents, reports My San Antonio.

The new site will also follow the model for other Autumn Leaves facilities the Lasalle Group has opened in Houston, Dallas, Fort Worth, Chicago, Tulsa and Atlanta. 

MedProperties Holdings LLC of Dallas, a private equity firm that invests in health care real estate, will serve as an equity partner in the $10.7 million project. 

The San Antonio Autumn Leaves venue will create 45 staff jobs and 155 construction jobs, the company announced.

Autumn Leaves of Stone Oak is scheduled to open in the spring of 2014. 

Costs Jump for $26.1 Million Fox Creek Estates Senior Development

The first of two senior apartment buildings in the $26.1 million Fox Creek Estates complex is expected to be ready for occupancy by the beginning of next year, reports Buffalo News.

The project has been in the pipeline since late 2010 but has since faded as a result of ownership changes and rising costs. Recently, the project has been redesigned to include eight additional apartments and “revamped design” for some of the 208 units that are planned for the complex. 

The senior living community will be located at 9500 Transit Road in Amherst, a suburb of Buffalo, New York. 

Because the project has taken longer than expected to begin, the cost to build the pair of three-story independent living apartments has risen by $5.7 million from the original forecast, according to Buffalo News.

The Amherst IDA, which approved an estimated $3 million in property, sales and mortgage tax breaks for the project in 2010, approved ownership change Friday.

Country Place Building $2.7 Million Senior Living Community in Kansas

After breaking ground in February, the new County Place Senior Living in Basehor, Kan. is expected to be up and running by the end of summer, reports Basehor Sentinel

The $2.7 million project has been delayed by winter storms and wet weather, but the facility should be open to residents in late September, according to Cheri Bauer, director of operations in Kansas. 

Country Place offers assisted living, with services such as cooking, housekeeping, laundry, dressing, bathing, grooming and medication management. 

In addition to the 22 private suites, the 15,000-square-foot facility will have large sitting and sleeping areas, a hospitality kitchen, dining area, indoor and outdoor social areas, library and more.

Country Place currently operates 10 facilities in Kansas and specializes in senior care in rural and small town settings.

Koelsch Senior Communities Developing $8.5 Million Memory Care Center

Construction is underway on a new memory care center in Salmon Creek, Wash. area this fall, reports The Columbian.

Olympia-based Koelsch Senior Communities is developing the $8.5 million, 43-unit facility, called The Hampton at Salmon Creek.

The company will operate the center designed for seniors with memory issues such as Alzheimer’s and other forms of dementia.

Demographics and a market study of Clark County revealed there is a demand for senior living with memory care services in the area. 

The Salmon Creek complex will be the 21st senior living facility owned by Koelsch Senior Communities—14 of which provide memory care.

Developers say the new center will include 25 semiprivate and 18 private rooms with extra-wide hallways and secure interior courtyards. The community will also include 24-hour on-site licensed nurses and a comprehensive diabetic-management program.

Mass. Senior Living Community Gets $5.7 Million State Grant

A senior living project under construction on Stanton Road in Wilton, Conn. has been issued a $5.69 million grant from the state to assist in its development, reports The Wilton Villager.

Governor Dannel P. Malloy announced the funding for Wilton Commons last week. The money will be spent to create 23 units in the facility during its second phase of construction.

Mutual Housing of Southwestern Connecticut, Inc., which is developing the Wilton Commons, is the official recipient of the grant.

Gov. Malloy also announced an additional $8.9 million in grants for affordable housing projects in Greenwich and Killingly. 

The Wilton Commons community is located on a 4.8-acre site near the Wilton railroad station and Trackside Teen Center.

Construction: Completed

Provision Living Opens Memory Care Unit at Miss. Community

Provision Living celebrated the grand opening of its Memory Care Unit last week at 217 Methodist Drive in Hattiesburg, Miss., reports Hattiesburg American

The 15-bed community provides care for patients with Alzheimer’s disease and other related dementia.

The addition of the new wing was a necessity to provide more amenities and space to Provision Living residents, said Activities Director Brittney Smithey. 

Provision’s 10-person staff provides housekeeping, therapy services and medication management for residents. The staff also includes at least one certified nurse on duty at all times, as well as two residence assistants.

Provision staff will also provide residents with supervised trips to places including grocery, retail and department stores.


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Category: Development, Senior Housing, Senior Living

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