In the Pipeline: Senior Housing Construction Projects (3/7/2012)

Fresno Senior Living Community to Break Ground on $120 Million Expansion Project

The Terraces at San Joaquin Gardens in Fresno, Calif. will break ground this Thursday on the second of two phases of an expansion/renovation project. Phase II of construction includes a new commons building, new residential living and health care accommodations, office space, and underground parking, with an expected cost of $120 million.

The new healthcare accommodations will feature an Alzheimer’s and memory care center with 24 private rooms, and a skilled nursing center with 54 skilled nursing suites. The nursing center is designed to be “homelike” with three neighborhoods/”pods” and rooms that are situated around a central gathering point.

Advertisement

The residential living building will provide 86 “maintenance-free” apartment homes; 47 residential living apartment homes were built during Phase I of the construction.

Once these buildings are completed, existing buildings will undergo renovations to become assisted living residences.

CDS Monarch Holds Grand Opening for New Senior Living Center

Advertisement

CDS Monarch held an opening ceremony last Tuesday for its new facility, located at 840 Holt Road, Webster, New York. The project received $8.5 million in awards from the New York State Housing Trust Fund Corporation, HUD’s Section 202 program, the Federal Low Income Housing Tax Credit program, and the Monroe County HOME program.

The senior living company broke ground on the facility last April, and residents have already started to move in. The senior living center features 45 affordable apartments with opportunities for social activities, entertainment, and events, and has immediate access to transportation through CDS Monarch.

The project was headed by Rochester-based Cornerstone Group, Ltd. and Cornerstone Housing Development Corporation, with Lecesse Construction as general contractor, SWBR Architects as architect, and Rochester Management Inc. as management agent.

Recommended SHN+ Exclusives

Illinois Town’s First Senior Living Facility to Open Soon

The Residences, a senior housing facility in Lake in the Hills, Ill., is slated to have its first resident move in on March 15, according to its property manager. Located at 2601 Village Hall Drive, half of the facility’s 92 units are already leased.

The 55+ community features one- and two-bedroom apartments, with amenities that include a computer room and library business center, a fitness center, on-site laundry facilities, a conference room, and a TV lounge. The Residences will be managed by Ludwig and Company.

Ashby Ponds Retirement Community Expanding, Adding Independent Living Apartments

The Ashby Ponds retirement community, located in Loudoun County, Va. and managed by Erickson Living, is expanding with a 105,000-square-foot residential building that will feature 80 apartment-style homes. Red Robin View is expected to open at the beginning of April, and 90% of its apartments have already been reserved. The entire community has a 98.7% occupancy at the end of January, well above the industry average of 88%.

Loudoun County is the nation’s wealthiest county, according to Ashby Ponds, and the area is attracting many older adults relocating from other geographic locations. In fact, the community’s director of sales estimates that approximately 20% of those moving into Red Robin View next month are transplants from other areas.

The new residential building will have one- and two-bedroom apartments featuring modernized kitchens with granite countertops and stainless steel appliances, fully-sized, side-by-side washers and dryers, walk-in closets, and custom flooring and light fixtures, along with an open floor plan.

Weehawken Senior Housing Corporation to Convert Murder Hotel into Senior Apartment Complex

The site of hotel located in Weehawken, New Jersey where an 18-year-old female was murdered in 2006 is being replaced with a senior apartment complex, reports NJ.com. The $7.4 million project was designed by Rivardo Schnitzer Capazzi and will be mostly paid for with federal grant money; it is being developed by the Weehawken Senior Housing Corporation. There will be 28 apartment units in the new building; the former hotel was condemned and torn down in 2009.

Frankfort Township Opens Second Senior Housing Complex

Frankfort Township’s second senior housing complex, Lighthouse Point, recently opened in Illinois, according to the Southtown Star. Located at 20668 Landings Pointe, the complex features 12 units, all of which have two bedrooms and a garage. Last June, the township acquired the foreclosed and partially completed condo development and clubhouse, located on 10 acres of land, for $1.5 million so it could increase and diversify its senior housing units, says the Southtown Star. Rental income will be used to support the operation and maintenance of township senior housing.

Companies featured in this article:

, ,