Mainstreet to Develop $15.7 Million Senior Care Center in Indiana
Cicero, Ind.-based developer Mainstreet Property Group LLC has plans to develop a $15.7 million senior healthcare center on the east side of Indianapolis after gaining approval from the city’s Metropolitan Development Commission to purchase the property for $912,500, reports the Indianapolis Business Journal.
Mainstreet purchased the nine-acre plot from the city; it had previously been used by Raytheon Technical Services Co. LLC. Construction plans include a senior care facility with 70 skilled nursing beds and 30 assisted living beds.
The developer may be able to finance nearly half of the project’s cost with $7.4 million in city-issued bonds.
Six more Mainstreet senior care centers are under development, and the company plans to break ground on up to 12 additional centers by the end of the year.
Emeritus Proposes to Build New Senior Community in New York
Emeritus Senior Living has proposed to build a 96-unit assisted living community in Brighton, N.Y., according to the Democrat and Chronicle.
Wegman Companies, Inc. is slated to develop the project and has built four such senior living communities in the U.S. already, all operated by Emeritus.
In addition to assisted living, Emeritus at Brighton will offer 30 memory care units.
Benchmark Healthcare to Build $10 Million Mo. Senior Care Facility
Benchmark Healthcare is developing a nearly $10 million senior care center in Sikeston, Mo., reports the St. Louis Business Journal. The Chesterfield, Mo.-based senior living operator plans to build a 100-bed, 46,120-square-foot nursing home slated to open in 2013.
The community will feature a separate, 40-unit rehabilitation center, to be called The Pathway Home, for short-term, post-operative care.
Ebersoldt & Associates of St. Louis, Mo. is the project architect, with Affinity Senior as general contractor.
Runk & Pratt to Build Va. Senior Care Community
Runk & Pratt, a family-owned and operated company based in Lynchburg, Va., plans to build an assisted living and memory care community in Candlers Mountain, Va., reports The News & Advance.
The company will develop and run the community, which will include 173 apartment-style units with the capacity to house more than 200 residents.
Runk & Pratt at Liberty Ridge will be a 185,000-square-foot multi-story building with independent living, assisted living, and memory care services.
“We are full at all of our communities,” Runk is quoted as saying in The News & Advance article. “What we see right now is an increase in the need for memory-care beds. With the baby boomers coming on, there is such an increased demand for this kind of care.”
Construction: In the Process
Friendship Village’s $50 Million Expansion Underway
Phase I of senior living community Friendship Village Sunset Hills’s $50 million expansion project is well underway in Sunset Hills, Mo., reports REJournals.com. Brinkmann Constructors, based in Chesterfield, Mo., is the project’s general contractor and is currently building 10 independent living villas on the community’s 52-acre campus after the Sept. 14 groundbreaking. The villas are scheduled for a March 2013 completion date.
The two-bedroom units range in size from 1,200 to 1,450 square feet and feature exterior masonry and siding, gas fireplaces, energy efficient appliances and equipment, optional walk-out basements, optional three- or four-season rooms, urgent response systems, and fire protection systems.
Other phases of the expansion project will include the construction of a 42,200-square-foot clubhouse, a central park area with walking paths, and underground parking for each new residence.
St. Louis, Mo.-based Spellman Brady & Company is the interior designer, with Atlanta, Ga.-based THW Design as architect.
Trident Development Breaks Ground on Senior Living Community
Trident Development, LLC recently broke ground on Arbor Oaks Senior Living, a 70-unit, three-story independent living, assisted living, and memory care community in Andover, Minn., reports ABC Newspapers.
Arbor Oaks will offer a mix of one- and two-bedroom assisted and independent living units, and studio memory care units. The community will also have a community room and wellness facility, along with a coffee shop, private dining room, salon, spa, laundry room, media center, and library.
N.W. Lyon Contracting and Development, Inc. is the general construction contractor, with Tealwood Management, LLC slated to be the building manager.
Trident, Tealwood, and private investors teamed up to develop Arbor Oaks, LLC, which will own and operate the community.