In the Pipeline: Senior Housing Construction Projects (4/18/2012)

Pathway Senior Living Plans Renovation for Wisconsin Assisted Living Facility

The Age Well Centre for Life Enrichment, located in Green Bay, Wisc. and formerly known as Creekside Senior Living, is renovating its living units to transition into an assisted living-only community, reports the Green Bay Press Gazette.

Pathway Senior Living, based in Illinois, acquired the building last November, which was opened by the Bornemann family in 2004. Ganther Construction Services of Oshkosh is managing the renovations to the 59-unit facility, which includes replaced tubs in the apartments with walk-in showers. The 60,000-square-foot building has six apartment floor plans ranging from 700 square feet to 1,250 square feet.

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Because of the transition to assisted living only, 27 independent living residents had to move. There are currently ten assisted living residents at Age Well.

Emeritus Breaks Ground on New York Senior Living Community with Memory Care Focus

Emeritus Senior Living recently broke ground on Emeritus at Woodland Place, an assisted living facility in Vestal, N.Y. The community, which will open this fall, is being designed and built specifically for seniors with Alzheimer’s or other memory impairments.

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The Woodland Place location is taking reservations for a community that will feature 36 apartments, secure outdoor courtyards, and common areas.

Community Development Corp. to Build $4.5 Million Affordable Senior Living Facility in Florida

Nonprofit Northwest Jacksonville Community Development Corp. will start construction next year on a $4.5 million senior living facility in Jacksonville, Fla., which will take the place of a rundown apartment complex known as The Pits, reports Jacksonville.com.

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Mary A. Eaves Senior Living Facility will have 70 apartments and will be the development company’s most expensive project to date. It has already spent nearly $1 million to buy the land and demolish existing buildings, 70-year-old quadraplexes that were neighborhood hot spots for crime, according to Community Development Corp.’s executive director Paul Tutwiler.

Wells Fargo is providing a $350,000 loan for the project at a below-market interest rate; it has previously given a $110,000 grant to help purchase the property and demolish the old buildings.

“We have more Americans retiring than ever before,” Scott Coble, the bank’s North Florida regional president, is quoted as saying in the article. “We’re an aging society. It’s a growing need, but there is a lack of affordable retirement housing.”

Silverado Plans $12 Million Memory Care Community for Austin, Texas

Silverado Senior Living is planning a $12 million memory care community for Austin, Tex. that will be located on five acres of land at 1700 Onion Creek Pkwy., adjacent to a recently-opened skilled nursing and rehabilitation center.

The project is a partnership between Silverado and Meridian Realty Advisors, L.P., a Dallas-based developer of senior care facilities and the developer of skilled nursing center next to the planned memory care community.

The site purchase for Silverado Senior Living—Onion Creek has been finalized, and the community is expected to open in late 2012. The design features a one-story, 45,000-square-foot building that will offer assisted living memory care for up to 90 residents.

More memory care communities are planned for Texas and the surrounding states through Silverado’s recent alliance with Meridian. Silverado has received site work permits for its Austin project and broke ground recently. Pi Architects of Austin, Tex. is the architectural firm, with SCI Construction, Ltd. of Tyler, Tex. the construction firm.

Meridian Assisted Living Home Plans to Buy Pa. Hotel, Convert to ALF

Meridian Assisted Living Home is planning to bid on a York, Pa.-located hotel in a foreclosure auction, with the intention of converting it into an assisted living facility, according to a landscape architect with AES Consulting Engineers, reports the Daily Press.

The George Washington Inn & Conference Center closed last fall and is currently vacant; it will be in a foreclosure auction on May 1. Cushman & Wakefield/Thalhimer is marketing the auction, and said that Meridian backed out of a contract to purchase the property “because the developer was facing a contract payment and had not yet secured financing for the project,” according to the article.

A managing partner of Meridian Assisted Living Home said in an email to the Daily Press that his company was still deliberating as to whether or not they’d participate in the auction. The company previously proposed converting the 250-room hotel into a 150-unit assisted living facility, and the York County Planning Commission recommended to approve a special use permit for the property. Read more here.

Emeritus Breaks Ground on Texas Senior Living Community

Emeritus Senior Living recently broke ground on Emeritus at Kingwood, a new senior living community located in the Lake Houston, Texas area. The project will include assisted living, memory care, short-term rehabilitation, and long-term skilled nursing, and is expected to open this Fall.

The community will feature 93 private and shared apartments, broken down to 49 assisted living apartments, 26 memory care apartments, and 18 skilled nursing apartments.

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