In the Pipeline: Senior Housing Construction Projects (5/1/13)

| May 1, 2013

Construction: Planned 

ERH to Expand Into Indiana With YMCA Senior Housing Development

Episcopal Retirement Homes (ERH) as been awarded competitive tax credits by the Indiana Housing and Community Development Authority for its project, Senior Housing at Anderson YMCA. 

The Anderson YMCA project is expected to begin construction in January 2014—with completion anticipated for early 2015—which will consist of 30 apartments for low income seniors on the second, third and fourth floors of the historic 1915 YMCA building in Anderson, Indiana. 

For the project, ERH has partnered with The Model Group, an integrated property development, construction and management company that revitalizes urban neighborhoods. 

Once completed, the Anderson Housing Authority will provide project-based vouchers for all 30 units, which will help provide affordable housing for seniors in the heart of downtown Anderson.

Additionally, ERH will partner with the YMCA of Madison County to provide seniors with full membership to the downtown YMCA as well as offer a number of health, wellness, spiritual and community-based programs.

Zerga Development Gains Financing Approval for $20 Million Texas Development

Construction could be underway in the near future for a senior living center in Longview, Texas after the City Council singed off last week on financing for the project, News-Journal reports

The $20 million, 200-unit Parkview on Hollybrook Drive development has been in the pipeline since 2008, however, a struggling economy and lack of financing put the project on hold. 

McKinney, Texas-based Zerga Development Co. needed Longview’s approval as a step toward receiving as much as $40 million through the Red River Health Facilities Development Corp. of Windthorst, as Texas state law requires such approval when funds from one municipality are being used in another. 

Parkview on Hollybrook will consist of 137 units of independent living for seniors and an assisted living/memory care facility with another 63 units. 

The community will be located on 20 acres of land on the north side of Hollybrook between Longview Regional Medical Center and St. Mary’s Catholic Church. 

Omni Development Brings N.Y. Senior Living Community Plans Before Board

The Saratoga Springs Planning Board got its first look at a new senior living facility proposed last week, the Saratogian reports.

The proposed five-story community will sit at the corner of West Avenue and Church Street, but will appear to be four stories along Church Street due to grading changes. 

Omni Development has planned 5,500-square-feet of retail space where people could access hallways to the 90 senior living units. The proposed units are one- and two-bedroom apartments, some of which will feature a den as well. 

The horseshoe-shaped building will also house a restaurant, meeting room and large living room, and will feature a courtyard outfitted with trees, benches and a walking path that will serve as a “green roof” above the building’s parking garage. 

The Planning Board took the first administrative steps in environment review last Wednesday and the project has already been presented before the Design Review Commission, which will also need to approve the project’s architectural and aesthetic features. 

Landmark Florida Hotel to Undergo Senior Apartment Makeover

Fort Myers developer Robert MacFarlane of 46 Pitman LLC has commissioned Sheeley Architects Inc. to design renovations of a hotel in the city’s downtown area into senior apartments, Naples News reports.

The 24-story Ambassador Hotel will become Campo Felice, an independent senior living community located along Edwards Drive and Fowler Street. 

Campo Felice will feature one- and two-bedroom suites, a convenience store, full-service restaurant, terrace bar, fitness center, salon and theater, among other amenities. 

Construction and renovation on the project is expected to break ground this summer with a completion timeline for fall of 2014.

Local Developer’s Senior Housing Proposal Gets the OK

City lenders in Simi Valley, California have given a local developer the green light to build a 51-unit senior townhome complex in the city’s northern hills, Simi Valley Acorn reports.

Applicant Kingdom Builders, LLC is requesting to change the land use designation of a 12.5-acre plot of land from low density to residential moderate density in order to build the 51 homes.

Because current zoning does not allow attached units, the proposal will require a General Plan amendment. 

Walnut Hills Senior Village would include eight units in duplex structures on the south side of Walnut Street and 40 units in “fourplex” structures and three units in a “triplex” structure on the north side of the street. 

Reasons for the layout are meant to make the units look more like large single-family homes rather than multi-family, says project consultant Elaine Freeman. 

The development would be available to seniors age 55 and older and will feature one- and two-bedroom units ranging in size from 1,300 to 1,800-square-feet. 

The City Council agreed when it reviewed the proposed development that there is a demand for such senior housing as the baby boomer generation ages.

Construction: In the Process

INVENCO Senior Housing Building VA Assisted Living Community

An assisted living community in Viera, Florida could have its first residents by summer 2013, Florida Today reports.

While workers finish post-construction cleaning, potential residents are already touring the Viera Manor Assisted Living Residence.

Built on land leased from the Department of Veterans Affairs, Viera Manor aspires to be a senior community where the majority of its aging residents are veterans, according to John Goode, managing member of INVENCO Senior Housing LLC, which operates the facility.

The grand opening of the two-story facility is scheduled for May 3, though it will likely be several weeks before Viera gets its first residents as it awaits an operating license from the Florida Agency for Health Care Administration.

Viera will accommodate 102 residents in 66 studio apartments, with 14 one-bedroom and six two-bedroom units. The building also features a therapy room, salon, meeting room, ice cream parlor and billiards room.

Individual rents start at just over $3,000 per month and vary depending on the type of apartment chosen and extra service received.

Viera Manor is part of a VA Supportive Housing project, which already has three other facilities on property leased to private enterprise providing services to veterans.  

Local Partnership Breaks Ground on Cali. Assisted Living Project

A local partnership officially broke ground on an assisted living facility on Orangetree Circle in Vacaville, California, The Reporter writes.

Development for the Cornerstone project has been several years in the making and is the product of three individuals’ dedication to serving seniors within the Vacaville community.

Greg Owens, Jason Reyes and Fred Hearn are behind the project and came up with “warm, luxurious digs” that feature studio and two-bedroom apartments for seniors. 

Residents will have access to three courtyards, a theater room, salon, fitness center, activities room, computer lounge, library and personal whirlpool and spa room. 

There will also be a doctor exam room and a common area with a grand piano as well as indoor and outdoor fireplaces.

Cornerstone is expected to open in spring 2014. 

$12.5 Million Low-Income Senior Housing Development to Open Soon in Calif.

An apartment complex for low-income seniors in Lompoc, California is expected to be completed sometime in May, Lompoc Record reports. 

Cypress Court will be managed by the Housing Authority of Santa Barbara County, which has opened a wait list for potential residents. 

The building has enlisted several local contractors to do fencing, electrical, paving and ceiling work and when finished, the building will have 54 one-bedroom units and six two-bedroom units. 

Cypress Court will also be adaptable to the needs of disabled residents, featuring lower cabinets that allow wheelchairs to go underneath. 

Funding for the $12.5 million Cypress Court project came from federal tax credits allocated by the state to private firms.

Canadian Senior Condos to be Completed by Year’s End

Two senior condo buildings should be finished by the end of this year in Westville, Nova Scotia in Canada, NG News reports.

Premier Homes served as developer of the project and says the units should be available for resident move-in come December 2013. 

The $1.8 million project includes 12 units in two buildings, plus four units located across the street and a sub-division of building lots for sale.

The buildings are located on Jerry Lane, off Temperance Street in Westville and are designed for adults aged 55 and older. 

Construction on the project began last August with the investment of $150,000 from the province.

Written by Jason Oliva


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Category: Development, Senior Housing, Senior Living

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