Former School Board Building to Become Affordable Senior Housing
The town of Southington, Connecticut, has reached an agreement to sell a former Board of Education building for $220,000 and allow the development of affordable seniors housing, the local Patch reports.
The agreement would sell the property to Beecher Street, LLC, who plans to transform the building and the surrounding area into a 30-unit residential complex for seniors.
The 1.76-acre parcel of land is assessed at $561,750, leaving town officials to believe the old school board building is more valuable than the offer proposed by developers.
Southington’s Town Council will hold a public hearing to discuss the matter on September 9.
Plans to Renovate High School into Senior Living Makes Headway
Plans to transform the old Cony High School in Augusta, Maine, cleared a key hurdle this week as developers received a $580,000 grant in their quest to secure financing from the Maine State Housing Authority, Kennebec Journal reports.
Developer Cynthia Taylor of Housing Initiatives of New England received the grant from the Federal Home Loan bank of San Francisco, adding to the already $250,000 in Community Development Block Grant funds to go toward what’s estimated to be an $11 million development.
Developers expect construction to begin toward the end of January 2014 with occupancy anticipated in early 2015.
Group Awarded $10 Million in Tax Credits for Senior Housing Project
The Nogales Community Development Corporation (NCDC) was awarded $1.03 million in tax credits from the Arizona Department of Housing, bringing total funding to $10.25 million for the construction of affordable senior housing, Nogales International reports.
The Bowman Senior Residences project spearheaded by NCDC will include 48 units of affordable senior housing with commercial and community spaces geared toward low-income seniors.
When finished, the Bowman Residences will combine the Bowman Hotel property with an adjacent property to create the apartments, with the bottom floor to be used for commercial space.
Now that funding has been secured, with NCDC partnering with Phoenix-based developer Gorman and Co., project officials expect contracts to begin work should be awards by March 2014.
Construction: In Process
Senior Star Expands Community to Provide Assisted Living and Memory Care
Senior Star at Wexford Place looks to address the growing need for memory care services in North Kansas City by expanding one of its communities with new assisted living and memory support residences.
Construction is already underway on 43 assisted living and 24 memory support apartment homes in a one-story, ranch-style design to be located at 6500 N. Cosby Avenue in Kansas City.
With a construction and consulting budget estimated at approximately $10.8 million, Vice President of development and acquisitions for Senior Star Living told SHN in an email, the company is “self-developing” the community internally through an affiliate company, Gemini KC Land, LLC.
The community’s memory support programming includes, but is not limited to, a Virtual Dementia Tour designed to build awareness and sensitivity in caregivers.
The expansion wing is scheduled to open in December 2013.
Montana CCRC on Pace for Mid-October Opening
After two years of construction, The Grandview at Benefis looks to open its doors to residents and staff come mid-October, The Great Falls Tribune reports.
Deriving its namesake from Montana’s Benefis Health System, the $30 million continuing care retirement community (CCRC) project is about 85% complete, according to developers’ estimates.
Phase one of the project includes The Timbers Assisted Living with 48 apartments; Reflections Memory Care containing 16 suites; and Senior Care Cottages, which are three separate cottages with 16 private rooms for skilled nursing services.
Phase two of the project will include independent living options.
$40 Million Ohio Assisted Living Community Nears Completion
A $40 million assisted living community is nearing completion in Perrysburg, Ohio, with developers anticipating a grand opening for October, The Toledo Blade reports.
St. Clare Commons, a 136,000-square-foot community, already has 60 skilled rehab and nursing suites, 36 memory care studios. Additionally, the community also features 56 assisted living apartments awaiting to receive state licensing.
While most of the commons is open right now—with the exception of the assisted living apartments that still need to be finished—the $40 million community is using about nine acres in phase one of an eight-year plan.
At the end of those eight years, developers aim to use the other 41 acres of vacant land for ranch homes and villa apartments.
The 50 acres was given to the Sisters of St. Francis by the Catholic Diocese of Toledo.
Conn. Assisted Living Project Begins Construction
Construction began this week on a new 80-unit assisted living community in South Windsor, Connecticut, the local Patch reports.
Originally, Sunrise Development was the developer approved for all the necessary permits, but instead sold the rights to another developer, LCD Senior Living based in Massachusetts.
Construction on the three-story, 80-unit community is expected to take about 12 months, according to project officials.
California Senior Community Now Accepting Apps, Phase 2 to Begin
Heritage Commons, a senior living community in Dixon, California, has completed phase one of construction and is currently accepting resident applications, with phase two set to begin, the local Patch reports.
The 60-unit community has been awarded a grant of $1.5 million to construct an additional 60 units of affordable housing for phase two of the construction project.
The award, from the Affordable Housing Program of the Federal Home Loan Bank of San Francisco, brings the total of grants received for the development to $2.5 million.
The Dixon Heritage Commons is sponsored by Davis Senior Housing Communities, Inc.
Phase two of construction includes an additional meeting room, kitchen and office to the campus, as well as additional raised planter beds, a community garden, a pond and a natural swale to manage storm water runoff.
Written by Jason Oliva