In the Pipeline: Senior Housing Construction Projects (9/12/2012)

Construction: Planned

Ill. Senior Community Gets Green Light for $78 Million Expansion Project

A senior care community in Arlington Heights, Ill. has gotten approval from the local village board for a $78 million expansion project, reports the Chicago Tribune. Lutheran Home, a healthcare, rehabilitation, and assisted living center sponsored by Lutheran Life Communities, has been green-lighted to build a three-story addition and three four-story additions to the community.

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The project will increase the size of private rooms to 245 square feet in the rehab and skilled nursing facility, and add private baths and showers to each of the new 162 rooms. It will also create 78 private rooms in the new Olson Pavilion west building, says the article, and improve the therapy and rehabilitation gym and dining areas in the nonprofit facility.

Lutheran Home provides short-term rehab, residential healthcare, in-home services, adult day care services, child care, and home-delivered meals, serving nearly 400 residents in its skilled nursing center and an additional 100 assisted living residents.

The project will be built in four phases, with an expected completion date of April 2016.

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Construction: In the Process

ABHOW Adding 4 Grove Memory Care Centers

American Baptist Homes of the West (ABHOW) has begun construction on four new memory care communities, with the eventual goal of building one at each of the provider’s existing continuing care retirement communities (CCRCs).

The memory care buildings will each be called The Grove and will have staffing that follows a social model rather than a medical model. The building design creates a homelike feel and provides visual cues or residents, with schedules and activities built around residents’ interests and habits. 

The Grove in Bakersfield, Ariz. is just about done, according to Kay Kallander, senior vice president for strategic planning at ABHOW, and residents will be moving in throughout the next few weeks. 

Two more Grove communities, at Los Gatos and Los Altos, are currently in the early construction stages.

SQLC Gets Financing to Build Indiana CCRC

Senior Quality Lifestyles Corporation has obtained financing through a $119 million bond issuance that will enable it to develop the Barrington of Carmel, a continuing care retirement community in Carmel, Ind.

More than 150 future residents have already signed up to move into the CCRC, which will have 134 independent living apartments, seven “catered living” apartments, 56 residential-style assisted living apartments, 26 memory support assisted living suites, and 48 skilled nursing beds. Each level of care will have its own common and support areas.

The Barrington will provide a variety of services and amenities, including fine dining, a bistro, fitness and wellness centers, creative arts studio, salon and spa, library, housekeeping, scheduled transportation and more. 

Greystone Communities has been engaged as development consultant on the project. 

Fla. Senior Living Provider Begins Construction on New Community

Discovery Village at the Forum LLC in Bonita Springs, Fla. recently commenced a new development project, Discovery Village at The Forum in Fort Myers, a senior living community and wellness center providing independent living, assisted living, and memory care, reports

Features and amenities at the new community will include three daily gourmet meals with tableside service; transportation; a team of licensed professionals available 24/7; health and wellness visits; an on-site medical director; on-site therapies; an on-site home health care agency; concierge services; housekeeping; and social and recreational programming. 

The community clubhouse will have a dining room, lounge, game room, movie theater and lecture area, senior-equipped fitness center, indoor heated therapy pol and whirlpool spa, professional beauty salon with a barber shop, media center with cognitive brain fitness activities, and a multifunctional crafts center.

Discovery Village at The Forum will have one three-story building with 30 units for supervised independent living; a two-story wing with 66 assisted living suites; and 30 memory care suites.

Architect Build LLC is the project’s general contract, with GMA Architects and Planners providing architectural and planning services. The community’s expected completion date is October 2013.

Redwood Management Breaks Ground on $14 Million Ohio Senior Community

A developer recently broke ground on a $14 million senior housing project in south Hudson, Ohio, reports the The 172-unit community, The Trails of Hudson, is located on 34 acres and is designated for the 55+ crowd.

The community will include 43 single-story buildings and is expected to be completed in December, with the first move-ins anticipated for early 2013. There will be 83 units built during the first phase of construction, followed by the remaining units in Phase II. The single-level apartments will have two bedrooms, two bathrooms, and a two-car attached garage.

Redwood Management Co. will own and manage the property. 

“Folks will experience traditional single-family living without having the maintenance of owning a home,” David Conwill, managing partner with Redwood, is quoted as saying in the article. “A growing trend is seniors wanting to live in something luxurious, peaceful and safe.”

Franklin Housing Authority Building $7 Million Senior Complex in Tennessee

Tennessee’s Franklin Housing Authority recently broke ground on a $7 million senior complex, reports the Construction began last Monday on the 48-unit Senior Residences at Reddick street.

The development is being built on the site of former public housing units that have been demolished. The building will include 44 one-bedroom apartments and four two-bedroom units. 

FHA partnered with Marlton, N.J.-based Michaels Development Co., which raised more that $6 million by selling federal Low Income Housing Tax Credits to pay for construction costs, says the article. Additionally, more than $1 million in state housing money and $500,000 from FHA’s capital fund will also go toward construction. The building will be owned by Michaels Development, which will then resell the units as part of the future development. 

Brentwood, Tenn.-based SouthLand Contracts has been selected as general construction contract. Construction is expected to be completed in the next 10 to 12 months.

USA Properties Fund Completes $16 Million Addition to Calif. Senior Community

USA Properties Fund has nearly completed construction of a $16 million, 68-unit addition to Vintage Chateau, an affordable housing community for the 55+ population, reports the local Business Journal.

The new building is located in Petaluma, Calif. next to the existing 240-unit Vintage Chateau property that opened in 2000. Construction began in Aug. 2011, and the Vintage Chateau II building is expected to be ready for move-ins later this month. It includes 54 one-bedroom, one-bathroom units with 593 square feet of living space, along with 13 two-bedroom, two-bathroom units with 750 square feet of floor space.

Vintage Chateau II also has a clubhouse with a great room, covered patio, 24-hour onsite management, and a fitness center. Other amenities include laundry facilities, a central mail kiosk, elevator access to each floor, and planned social activities. 

“There is a huge and growing need for senior and family housing projects,” said Art May, senior vice president of project developer USA Properties Fund, in the article. “Our five-year plan is to build, acquire and/or rehabilitate projects to meet our goal of 15,000 units by 2015 within our portfolio. We are looking at other areas of the North Bay area to add to the five projects we have today in the region.”

The privately-owned USA Properties Fund, based in Roseville, Calif., built, owns, and manages both buildings. The recently-completed project was financed using 4% federal tax credits and tax-exempt bond financing through bond issuer Association of Bay Area Governments Finance Authority, purchased by Boston Capital, Citi Community Capital, and the city of Petaluma. 

Kuchman Architects of Sacramento served as project architect, with USA Construction Management, Inc. as general contractor. 

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