In the Pipeline: Senior Housing Construction Projects (10/24/12)

Construction: Planned

Tenn. Life Care Services Community Plans $9 Million Expansion

The Heritage at Brentwood, a Life Care Services community in Tennessee, is planning a $9 million expansion of Somerfield Health Center to accommodate the needs of the community’s growing population and enhance the continuum of care available to residents of the independent senior living community and to non-residents referred from outside physicians.

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The Somerfield Health Center expansion involves new construction and remodeling of the current site. Upon the expected September 2013 completion, Somerfield will have five distinct care wings, known as “neighborhoods,” one of which will be devoted entirely to memory care. The health center’s overall capacity will more than double from 30 beds currently to a total of 66 at completion.

For Nashville, Tenn.-based builder Hannah Constructors, the Somerfield Health Center expansion is the second of two projects at The Heritage in five years. The company previously completed a $5 million project building additional independent living villas at the senior living community.

A team at Nashville-based Hart Freeland Roberts is providing architectural and engineering insight on the project, which was designed by LCS Development.

Spectrum to Build $17.6 Million Mo. Assisted Living Facility

Spectrum Retirement Communities is planning a $17.6 million assisted living project in Creve Coeur, Mo., reports the St. Louis Business Journal.

The senior living provider purchased an undeveloped plot of land for $1 million from Fifth Third Bank with plans to build a four-story, 78,700-square-foot assisted living community.

Creve Coeur Assisted Living and Memory Care will have 110 beds, with 32 dedicated to memory care.

Vessel Architecture, out of St. Louis, is the project architect.

Pennrose Properties to Break Ground on $19.5 Million LGBT Senior Housing Project

Pennrose Properties along with dmhFund will soon break ground on a $19.5 million LGBT-friendly senior housing project in Philadelphia, reports PhillyMag.com.

The six-story affordable housing project will have 56 one-bedroom units and multi-purpose public spaces and is slated for completion in 2013. Pennrose Properties is overseeing the development, which was spearheaded by Mark Segal, president of dmhFund.

“I’ve observed the challenging journeys of so many other LGBT senior housing developments, and I knew the key to our success would have to be taking a different approach to funding by focusing outside the LGBT community, and going after the same money available to other communities for their low-income seniors,” Segal is quoted as saying in PhillyMag.

Funding for the development comes from a Philadelphia HOME grant, Pennsylvania Redevelopment Assistance Capital Program funds, and Low-Income Housing Tax Credits.

Ill. Affordable Senior Housing Complex Gets Tax Credits for $5 Million Repair Project

Leisure Acres Phase I Apartments in Peoria, Ill., an affordable senior housing complex owned by East Peoria Jaycee’s Housing Corp., recently got federal tax credits that will enable it to commence a $5 million repair project, reports the PekinTimes.com.

Ten of the complex’s 100 units will receive renovations and upgrades to make them fully handicapped accessible, while all the apartments will receive new sprinklers and energy-efficient appliances. The community will also get some additional parking spaces.

The Leisure Acres apartments are in good condition overall, according to property manager Jeff Cottingham, but the complex was built nearly four decades ago, predating many of the current ADA regulations and fire codes.

Repairs will begin in Spring 2013 and are expected to be completed by the end of the year. The upgrades are meant to guarantee the property for more than two decades.

The apartments, which are overseen by Robert Cottingham Property Management Co., are currently at full occupancy, and most of the residents will not be displaces during the construction and repairs. Those living in the units meant for conversion to be ADA accessible will be able to make a temporary move to Leisure Acres Phase II Apartments, adjacent to the Phase I development.

Construction: In the Process

BofA, Development Corp. Break Ground on $20 Million Senior Housing Project

The Bank of America Community Development Corp. and partner Central Dallas Community Development Corporation recently broke ground on a $20 million senior housing project in Oak Cliff, Tex., reports the Dallas Business Journal.

Wynnewood Seniors Housing will have 140 apartments and is located on 8.5 acres in southwest Dallas.

Also in the public-private partnership are the City of Dallas, the Texas Department of Housing & Community Affairs, Housing and Urban Development, the Federal Home Loan Bank, and surrounding neighborhoods. The partnership team has been collaborating on the project for the past three years, says the Journal.

Bank of America is funding nearly all of the $20 million project and is the co-developer.

Ohio Catholic Charities Breaks Ground on Senior Housing Project

The Catholic Charities of Cleveland recently broke ground on an affordable senior housing project in North Olmsted, reports Cleveland.com.

The two-story, 34-unit senior housing complex will feature one- and two-bedroom apartments with full kitchens; a community room; a patio; library; laundry facilities; and resident parking. It is designated for those 55 and older and is expected to be completed late next summer.

Construction: Completed

Covenant Solutions Completes Two Wash. Senior Housing Projects, Breaks Ground on Calif. Community

Retirement community planner and developer Covenant Solutions recently completed two senior living projects in Washington state and broke ground on a third in California.

The two Washington projects were repositioning and renovating communities in Seattle and Mercer Island.

For the Seattle project, Covenant Solutions completed a $6.1 million repositioning on retirement community Horizon House’s two oldest buildings to enhance the marketability of older units and maximize the infrastructure’s potential, along with provide a foundation for improved dining and other resident services.

The project team included architect Rice Fergus Miller, based in Bremerton, Wash., with Tacoma, Wash.-based Rushforth, serving as general contractor.

At Covenant Shores retirement community in Mercer Island, Covenant Solutions carried out a $2 million remodeling and renovation of four residential buildings in a project that included new roofs, site drainage improvement, new fire sprinkler systems, electrical system upgrades, and common area upgrades.

Rice Fergus Miller again served as project architect, with Woodinville, Wash.-based Edifice Construction as general contractor.

Covenant Solutions’ new project is at The Samarkand retirement community in Santa Barbara, Calif., for a $6.4 million multipurpose building meant for residential amenities such as fitness and aerobic spaces, a cafe, classrooms, medical offices, and other multi-use rooms.

The 9,200-square-foot, two-story building is being designed by Kilburn Architects, out of Seattle, with Santa Barbara-based Trabucco & Associates as general contractor.

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