In the Pipeline: Senior Housing Construction Projects (7/18/2012)

Construction: Planned

The LaSalle Group to Build $11.2 Million Memory Care/ALF in Houston, Tex.

Irving, Tex.-based The LaSalle Group announced last Friday its plans to build a 26,000-square-foot, $11.2 million memory care assisted living community in West Houston, Tex.

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The community will be called Autumn Leaves of West Houston and will be the eighth memory care community The LaSalle Group has brought to the Houston area in an approximately two-year time span. 

The project is the result of a partnership between The LaSalle Group, Silverado Interests, and Community Trust Bank. Autumn Leaves of West Houston is expected to open during the second quarter of 2013. 

Illinois Church Plans $5 Million Senior Housing Project

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St. Peter’s Cathedral, located in Belleville, Ill., is putting together funding for a $5 million senior housing community that will be located adjacent to the church, reports the Belleville News-Democrat. The development, dubbed The Cottages at Cathedral Square, will have 16 one- and two-bedroom cottages for a total of 32 units. The complex will have four single-story buildings with gated entrances encircling a large courtyard.

The church has been planning the project for the past two years, and spent around $300,000 to purchase the property. Construction is expected to begin as soon as six months from now, according to Rev. John Myler, pastor of St. Peter’s Cathedral.

Naperville, Ill. Senior Living Community to Get $40 Million Rehab Facility

A senior living community in Naperville, Ill. will soon get a $40 million rehabilitation facility, reports the Naperville Sun-Times. Monarch Landing is planning to add the facility, which will have 124 beds and 64 parking spaces, so that the community’s residents won’t have to leave the premises to get rehabilitative care. Naperville’s planning and zoning commission unanimously approved the plans.

Construction: In the Process

EPOCH Senior Living Breaks Ground on Mass. Senior Living Facility

EPOCH Senior Living and National Development, based in Newton, Mass., recently broke ground on a 48-unit memory care assisted living community that will be called Bridges by EPOCH in Westford, Mass. 

The project is the third the two firms have collaborated on in the past year, and is expected to open in the summer of 2013.

“We’re excited to expand our Bridges community to Westford. There is a great need for specialized, quality memory care housing and services as the number of individuals with Alzheimer’s and dementia grows,” said EPOCH Chief Executive Officer Larry Gerber in a statement. “At Bridges, the entire building is designed exclusively for those with memory impairment, allowing us to achieve a new level of care and support.”

Emerson Park Developing $22 Million Senior Housing Project in East St. Louis

Emerson Park is developing a new, $22 million senior housing and commercial project in East St. Louis, Missouri, reports the Belleville News-Democrat. The project, a four-story, 100,000-square-foot building, called Jazz @ Walter Circle, will have 74 apartment units for those aged 62 and older. The building will be handicap accessible and will have a number of amenities, including laundry, Wi-Fi access, and an in-house doctor’s office.

HBD Construction is the project contractor. Funding for the development combines a federal tax credit program with public housing funds, and the East St. Louis Housing Authority has invested $12 million in the project.

Monarch Development Group Breaks Ground on $4.5 Million Senior Apartment Complex

Monarch Development Group along with partner Trehab Community Action Agency has broken ground on a $4.5 million senior apartment complex in Mehoopany, Pa., reports CitizensVoice.com.

Schoolhouse Hill Apartments will have 20 apartment units and is designated for adults aged 62 and older with an income at or below 60% of the county average.

Grimm Construction is the general contractor for the project, which will consist of three separate buildings: one with two units, one with six, and a 12-unit structure that will include a 7,000-square-foot community center. There will be 18 one-bedroom apartments and two apartments with two bedrooms. 

Affinity Living Communities Gets Bond Financing for Senior Living Project

Plans for an independent living community in Kennewick, Washington will move forward thanks to a $13.9 million boost through the Washington State Housing Finance Commission’s agreement to finance a bond for construction, reports the Tri-City Herald.

The bond will cover most of the $14.5 million project, a 36,000-square-foot, four-story building that will be owned and operated by Affinity Living Communities. The 150-unit senior housing complex will feature studios and one- and two-bedroom apartments. Amenities will include a fitness center, indoor pool and spa, library, business center, and a crafts and games room.

The new community will set aside 20% of its units for low-income seniors who earn 50% or less of the median income.

Construction began in May and is expected to be completed by April of 2013. 

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