In the Pipeline: Senior Housing Construction Projects (7/4/2012)

Construction: In the Process

Del Webb to Build North Carolina Active Adult Community

Active adult retirement community developer Del Webb has received rezoning approval by the Durham, N.C. City Council for a new senior living community.

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Carolina Arbors by Del Webb will be located on a 434-acre parcel of land for the Triangle Area’s second Del Webb active adult community. It will feature 1,275 ranch-style townhomes and single-family homes.

“The Triangle Area remains a hot spot for active adults,” said Lawrence Lane, the division president for Del Webb in the Raleigh/Durham market.  “In our latest Del Webb Baby Boomer Survey, the Carolinas emerged as one of the most preferred retirement destinations.”

The other Del Webb community in the area, Carolina Preserve at Amberly in Cary, N.C., has 1,300 units and opened in 2006. According to Del Webb, it has delivered “market-leading sales results,” and half the buyers were from out of state. 

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The developer expects the same to be true for the new community, and also notes that half the buyers are expected to continue working thanks to its location and access to “key employment corridors.” 

HUD Awards $6.9 Million Toward Michigan Senior Housing Community Development

Two local nonprofits are using a $6.9 million grant from the Department of Housing and Urban Development to fund the second phase of a senior living community that’s currently under development on the east front of the Detroit River in Michigan, reports the local Crain’s Detroit Business.

Presbyterian Villages of Michigan and Chelsea-based United Methodist Retirement Communities Inc. already have phase one of the development completed, a $27.5 million affordable assisted living complex with 80 one-bedroom apartments, along with the Henry Ford/PVM Center for Senior Independence, both slated to open by the end of the year.

Now, the two organizations plan to begin construction in early 2013 on Phase II: a $7.5 million, 43,000-square-foot apartment building with 50 affordable apartments for independent seniors. 

When the entire project is completed, the development will have independent and assisted living along with an adult day center, senior health and wellness services and recreation areas for seniors living there and those in the community at large. 

Developer Breaks Ground on Colo. Memory Care Community for LTC Properties

Portland-based developer/operator Anthem Memory Care recently began construction on a memory care facility in Littleton, Colo., on a vacant 3.16 acre plot of land acquired in May by LTC Properties, Inc. (NYSE:LTC) for $1.9 million. The 37,500-square-foot Highline Place will have capacity for 76 residents and is expected to open in the second quarter of 2013. 

Around the time of the land acquisition, LTC Properties and Anthem had entered into a lease agreement and development commitment totaling approximately $10 million for the land purchase and community construction. 

“Anthem communities are designed with science and experience-driven knowledge specific to progressive cognitive decline in a way that creates a better living situation than traditional assisted living or nursing facilities,” said Mark Rockwell, a principal of Anthem, in a statement. “Everything about our layout, design, staff training, daily care and services maximizes nutrition, independence, socialization, and dignity, while minimizing the behavioral problems associated with the disease process.”

The Decatur ALF Group Breaks Ground on Ala. Assisted Living Facility

The Decatur ALF Group LLC were recently able to break ground on Westminster Assisted Living of Decatur in Alabama after closing on an $8 million tax-exempt bond construction loan.

The construction project includes 24 assisted living beds along with a 16-bed speciality care assisted living beds. Westminster will be the first Alabama assisted living and memory care facility to offer total wireless technology, digital, high-speed internet, and flat-screen TVs in each apartment. 

Assisted living apartments will have full bathrooms, a studio kitchen, a flat-screen TV, and a medical alert system. 

The memory care section will have individual apartments with common areas that will feature visual cues and mental activities.

Huntsville-based Consolidated Construction is the general contractor for the development, which will be managed by Orange Beach, Ala.-based SAGE Management when it opens.