In the Pipeline: Senior Housing Construction Projects (8/22/2012)

Construction: Planned

Vi Looking to Spend $5.1 on Illinois Retirement Community Expansion

CC-Lake Inc., a licensee of Vi Living, is looking to expand an Illinois retirement community, Vi at the Glen, in a $5.1 million project, according to an application filed last week with the Illinois Health Facilities and Services Review Board. 

The project would include adding nine nursing beds, five assisted living beds and 10,000 square feet to the facility. The addition would bring the total number of beds to 296. 

For the year ending Dec. 31, CC-Lake had $22.8 million in total revenue and $2 million in operating income before taxes 

A Vi spokesman had no additional comment on the project. 

Texas Senior Care Facility Planning $3.6 Million Expansion

Texas skilled nursing facility, Crown Point Health Suites (CPHS) will plans to add a fourth household to their community in a $3.6 million expansion project. The expansion will bring the one-year-old community’s total bed count to 108. South West Bank will finance the project. 

The facility has reportedly been at capacity since May and offers inpatient care for residents needing rehabilitation and nursing care. 

Crown Point also plans to expand its therapy gym by 1,300 square feet due to the increased need of equipment and services. 

Ohio’s Kent Planning Commission Approves 68-unit Senior Housing Project

Cleveland-based NRP Group received site approval from the Kent Planning Commission Tuesday for a 68-unit senior housing project geared toward low-income seniors, reports the Kent Patch. In April, the Ohio Finance Agency contributed $1.2 million toward the project.

The project will target seniors with yearly incomes between $15,000 and $30,000. 

NRP Group expects to break ground by December, and the project is expected to open in December 2013. 

Project manager Joseph McCabe says the project has already seen interest from potential residents. 

Plans for 44-unit Indiana Senior Housing Complex in the Works

Plans for a four-story, 44 unit senior housing complex in downtown Logansport, Ind. are in the works and being analyzed by mayor Ted Franklin and other city planners, reports the Pharos-Tribune. 

Franklin has been meeting with members of the Leo Brown Group, LLC for three months in planning a site for construction of the complex. The Leo Brown Group chose a site that currently serves as the location of the city’s Famers Market. 

Developers are scheduled to meet with the Logansport Board of Zoning Appeals on Sept. 17. 

Construction for 106-Bed Wisconsin Nursing Home To Begin This Year

Hartford Healthcare Realty LLC and THI of Wisconsin at Hartford LLC plan to begin construction of a 54,000-square-foot, 106-bed nursing home in Slinger, Wisc. this year, reports the Journal Sentinel. 

The Pavilion at Glacier Valley is set to replace the Hartford Healthcare Center, which currently houses 55 residents. The Pavilion will include 46 private and 30 semi-private rooms, each equipped with its own bathroom and shower. 

A 2,500-square-foot gym will also be constructed as part of the new development. 

Construction: In the Process

Design Completed for $24 Million Colorado Senior Care Community

Designs have been completed for a $24 million senior housing and healthcare facility in Steamboat Springs, Colo. that broke ground in May, and construction is expected to be finished by the fall of 2013. 

VTBS Architects-Denver designed the 117,487-square-foot, 144-unit Casey’s Pond Senior Community. The building’s design is meant to reflect mountain architecture and aesthetics. 

Adolfson & Peterson Construction will serve as the general contractor. Pearl Senior Living Steamboat LLC is the projects developer and operator; the community is owned by nonprofit Colorado Senior Residences, Inc.

Casey’s Pond Senior Community will offer care services ranging from independent and assisting living to memory care and skilled nursing. The community allows for active lifestyles as it includes views of the Yampa Valley and connects to Steamboat Springs’  trail system, according to architects. 

Written by Erin Hegarty