Enterprise Homes Gets Approval to Build 72 Affordable Senior Housing Units
Enterprise Homes recently got approval from the Baltimore County Council to build 72 affordable senior housing units in Baltimore Highlands, Md., reports the Baltimore Sun. The development would be called the Greens at English Consul, and would be located on 4.53 acres of land near Baltimore Highlands Elementary School. It is a Planned Unit Development (PUD) project, and Enterprise says as its “public benefit” it will fund training at the English Consul Volunteer Fire Department.
Huntington Bank Designates Funds for Michigan Senior Housing Projects
Huntington Bank recently announced plans to commit $100 million to affordable housing projects throughout Michigan in the next three years, including a couple senior housing projects.
Reflections—A Senior Housing Community, a 60-unit senior affordable rental housing complex, is completing a $14 million renovation that was supported by the bank. Huntington made a tax credit equity investment of $3 million in Reflections, and provided $4.5 million of construction financing to the project.
Other projects the bank indicated are the recently renovated Hazel Park Senior Apartments, a 125-unit development in Hazel Park, and an $18.2 million senior assisted living project by Presbyterian Villages of Michigan in the Detroit area.
North Carolina Retirement Community Breaks Ground on $9 Million Healthcare Expansion
Homestead Hills, a retirement community located in Winston-Salem, N.C., will break ground on a $9 million healthcare expansion on March 16. The community is adding 18 beds for Alzheimer’s care along with 40 skilled nursing beds—a new service line for Homestead Hills.
The expansion, expected to open in February of 2013, will add approximately 36,000 square feet, with nearly 30,000 square feet of that dedicated to skilled nursing and a secured Alzheimer’s neighborhood. Homestead Hills is also nearly doubling its existing wellness center by adding an indoor heated therapy pool, exercise and activity rooms, and additional common areas.
South Atlanta Area to Get New, $14.2 Million Senior Apartment Development
Atlanta-based NorSouth Development will start construction on a $14.2 million, 96-apartment senior living community in June. The development, called HearthSide Peachtree City, has an expected completion date of mid-2013 and will be located in Kedron Village, Georgia. It will be an affordable rental community for independent seniors aged 62 or older.
NorSouth Constructs will build HearthSide Peachtree City, which was designed by Foley Design Associates Architects, Inc. The development will consist of a three-story building of stone, brick and hardiplank siding with two elevators. Exterior features will include a walking path, a garden center, and covered golf cart parking spaces. The community will include a bistro, media room, fitness center, art studio, and sunroom, and the one- and two-bedroom apartments will feature open living design.
NorSouth Development has designed the community to meet EarthCraft Communities standards for green building, with sustainable building practices including organic landscaping, tree transplanting, community composting, and LED outdoor lighting.
Ryan Companies Nearly Finished Affordable Illinois Senior Apartment Complex
Ryan Companies US, Inc. is nearly finished construction of a $25.4 million affordable senior apartment community located at 401 N. Hunt Club Rd., Gurnee, Ill. Thomas Place Gurnee will have 100 units on 12 acres of land, and is expected to get its first move-ins the beginning of April.
Ryan Companies developed the project with joint venture partner Jim Bergman, and Design Build Architectural Services, Inc., a Ryan subsidiary, provided architectural design and engineering services. Pioneer Property Management, Inc. will manage the community, a three-story development that will feature 33 one-bedroom, one-bathroom units, each with 784 square feet, and 67 two-bedroom, two-bathroom units, each with 1,033 square feet. The apartments will include a balcony or patio, a full-sized kitchen, and a washer and dryer. Common areas for the development include a dining room and kitchen, TV and entertainment lounge, a game room, and a fitness center.
The exterior of the property will have 152 parking spaces, 101 of which are indoor. An on-site management team will be in charge of snow removal, building repairs, and other property maintenance matters. Move-in requirements include at least one resident in each unit being 55 or older. Income restrictions will apply, and the project is being financed under the Section 42 affordable housing program administered by the Illinois Housing Development Authority.
Stroud Properties, Inc. to Develop $12 Million Texas Senior Living Community
Stroud Properties, Inc., based in Dallas, Tex., recently announced plans to build a $12 million senior assisted living and Alzheimer’s care community in Carrollton, Tex., reports the Dallas Business Journal.
The community will be located on 7.5 acres of land and will have seven 8,500-square-foot residential buildings that can each serve 16 residents. The development will have capabilities for 64 assisted living and 48 Alzheimer’s and dementia care residents. Construction is set to begin by September, and it’s expected to open in late 2013.