In the Pipeline: Senior Housing Construction Projects (7/17/13)

Construction: Planned

Developer Plans $79 Million New Mexico CCRC

Colorado-based developer GlobalWorks plans to build a $79 million continuing care retirement community (CCRC) in Bloomfield, New Mexico, reports The Daily Times of Farmington, NM

The 18-acre project called WaterFall Living Community would feature 253 residences that include a mix of independent living, assisted living and hospice care. Seniors that require skilled nursing will also be able to receive such services at the community. 

Plans call for 150 assisted living units in a four-story, 148,000-square-foot facility; 60 “semi-assisted” apartment units; and 43 independent duplex and triplex units. 

The assisted living facility would be built as part of the project’s first phase, with the independent living units and apartments to follow in subsequent phases, according to developers. 

Florida CCRC Announces Redevelopment Plan

Vi at Bentley Village, a continuing care retirement community (CCRC) in Naples, Florida, announced it is working towards the planned redevelopment of the community. 

Redevelopment for the 156-acre campus includes a standalone sales center to be completed in 2014, which includes renovations to existing facilities, new clubhouses and additional independent living apartments.

The new clubhouse will feature new dining venues, a bar and lounge, living room, library, car room, theater and multi-purpose area. 

Plans for a second clubhouse include a comprehensive fitness center and aerobics room, plus a beauty salon and spa along with a new casual dining venue.

For these enhancements to the already existing community, Vi Retirement Communities anticipates breaking ground in 2015. 

Upscale Senior Housing Complex Awaits Approval in Minnesota

A proposed $34 million luxury senior living community is headed for final approval from the Maple Grove City Council in Minnesota, reports the Star Tribune.

The 259,000-square-foot project, SilverCreek on Main, is a 182 independent, assisted living and memory care apartment community in the Arbor Lakes retail district of Maple Grove.

The four-story building will include a 10,000-square-foot fitness center, and will be located in walking distance to a community center, library, stores and a future 20-acre park to begin development this fall.

Having won unanimous support from the Maple Grove Planning Commission, city officials believe SilverCreek on Main will fulfill a definite need for the area’s aging senior population.

The project could open as early as December 2014, according to the Star Tribune, and will primarily serve seniors age 75 and older, however, the community will be able to expand to 65-year-olds as the baby boomer generation ages.

Construction: In Process

Cottonwood Place Senior Living Breaks Ground on New Community

Cottonwood Place Senior Living in Holladay, Utah, recently broke ground on a new assisted living and memory care community. 

The new community, located at 5600 South Highland Drive, is a 127,733-square-foot, two-story building designed in part by Sahara Construction and Beecher Walker Architects. 

The project is owned by Dave Farrell, an independent developer of assisted living and memory care communities in California and Utah. 

Integral Senior Living will manage the new Cottonwood community.

Phase II of Detroit Construction Project Includes Senior Housing

Redevelopment of Detroit’s Rivertown Neighborhood has begun construction on Phase II of $7.5 million, 49,000-square-foot, independent senior living community. 

The project, spearheaded by nonprofits Presbyterian Villages of Michigan (PVM) and United Methodist Retirement Communities (UMRC), will include 50 one bedroom, affordable apartments for seniors age 62 and older who meet the Department of Housing and Urban Development’s (HUD) low income requirements. 

Phase II of the project is being built just eat of the $27.5 million Phase I development that opened in April of this year, in partnership with Henry Ford Health System and the Center For Senior Independence. 

Funding for the second phase came from further support from HUD, the Michigan State Housing Development Authority, Wayne County, City of Detroit HOME funds, low income housing tax credits, and the partners’ own equity.

The project is expected to open in the summer of 2014.

Alliance Community Breaks Ground on New Assisted Living Project

Alliance Community for Retirement Living, a Florida nonprofit organization, broke ground last week on a new assisted living community in DeLand, Fla.

The Groves, which marks the start of a multi-phase expansion to Alliance’s assisted living facilities, will be a 14-unit assisted living facility with private suites designed to create a “home-like” atmosphere, according to a company release.

In addition to the private suites, the 11,348-square-foot building will include a dining area, plus gathering spaces for resident activities such as classes, arts and crafts, and social activities.

The Groves was designed by HHCP Architects, Inc. and will be constructed by Pinkerton & Laws, Inc., both headquartered in Orlando. 

Construction is expected to be completed by December 2013 and advance reservations are already being accepted.

Construction Begins on Mass. Affordable Senior Housing

Construction has begun on The Coolidge, a 64-unit affordable housing complex for seniors in Sudbury, Massachusetts, reports

Though the project is owned by CCC Post Road Limited Partnership, it will be controlled by Brighton-based B’nai B’rith Housing, a nonprofit developer that aims to create affordable housing in underserved Boston suburban communities.

The $16.7 million project will be financed by Bank of America/Merrill Lynch, with roughly $10.7 million of private equity raised in connection to an award of federal and state tax low-income housing credits through the Commonwealth of Massachusetts’ Executive Office of Housing and Economic Development.

The Coolidge’s first residents are expected to move in mid-2014.

Construction: Completed

Former School Converted into Senior Housing Development

A former school in Fort Wayne, Indiana, has been transformed into affordable housing for seniors, reports the Journal Gazette.

Ryker Reserve, the $9.4 million affordable living complex for seniors, held its grand opening last week.

Keller Development, a local developer, helped to convert the former Keystone School on Laverne Avenue into 20 homes and a separate, two-story 45-unit residence building. 

Ryker Reserve will offer maintenance-free living and numerous senior-related services, according to the Gazette article. 

Amenities include two community rooms with televisions and kitchens, an exercise area, computer room,  indoor walking path as well as a number of outdoor features such as a gazebo, picnic tables, outdoor fitness station and a rain garden located within the courtier between the two buildings. 

LTC Announces Opening of Memory Care Property

LTC Properties, Inc. (NYSE: LTC) announced today the completion and opening of a 60-unit memory care community in Littleton, Colorado, according to a release from the company.

Development costs were $9.8 million for the new property, which opened July 15, 2013 with cash deposits from 43 potential residents. 

The property is leased to affiliates of Anthem Memory Care under a 10-year lease with four 5-year renewal options. Cash rent will begin on November 1, 2013 at an initial cash yield of 9.25% and increased 2.5% annually. 

Written by Jason Oliva

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  1. Gary says

    Really? These huge institutional-type projects astound me. What ever happened to creating the home-like environments that people prefer and that experts are touting? I know I won't ever live in these institutional environments of various stories, elevators, long hallways, cafeterias, etc. Ridiculous. No one wants to feel like a number without a name.

  2. Annette Ryskala says

    I agree,If I won the lottery I would build senior communities that look like a home,who wants to live in a 3-4 story building, what happens when the power goes out the elevator stops working then you have to wait and wait and wait until you can get back into your apt. These developers need to build gated communities with security at the gate and with buildings that look like little homes with a porch in front and a small patio backyard and an attached garage and all electric with w/d connections or provide w/d 1-2 bedrooms living dining kitchen 2 1/2 baths and an actual laundry room and walk in closets,if there are any developers out there reading this I have the idea to design feel free to write me. I live in Houston Texas. Thank you.

  3. Austin Adams says

    I agree Annette, people need to feel like they have a home, not a box in big complex, but of course there are advantages to the caretakers that may live onsite. I have found a website of a company called J L Gray and they have some nicer home looking senior apartments. These apartments are also in little villages so you get the community aspect as well. Here is a link to the senior apartments on their website.
    Especially check our the Cheyenne Senior apartments, they are home like duplexes that are really nice looking.

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