In the Pipeline: Senior Housing Construction Projects (11/7/2012)

Construction: Planned

Life Care Services to Manage Planned Fla. CCRC 

An affiliate of the Jewish Federation of South Palm Beach County, Fla., is developing a not-for-profit CCRC, The Sinai Residences of Boca Raton, reports the local Fox News channel.

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The upscale development will have 236 independent living units, 48 assisted living apartments, 60 skilled nursing suites, and 24 memory care units. Construction is expected to begin in the second half of 2013.

Upon completion, Des Moines, Iowa-based LCS Company subsidiary Life Care Services will manage The Sinai Residences. 

Construction: In the Process

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McFarlin Group, Stroud Development Building Texas Senior community

McFarlin Group is developing a senior housing project in partnership with Stroud Development in Plum Creek near Kyle, Tex., reports the Hays Free Press.

Orchard Park of Kyle will be a 75-unit assisted living and memory care community with capacity for 60 assisted living residents and 40 memory care residents. 

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Each assisted living unit will have individual temperature controls, kitchenettes, step-in/sit-down showers, staff assistance call stations, monitoring devices, and slip-resistant floor finishes. 

Meridian Senior Living will manage the community upon its expected completion and opening at the end of 2013.

Renaissance Realty Group Converting Former School to Senior Housing

Chicago-based developer Renaissance Realty Group is renovating the former Jackson School in Davenport, Iowa, to a 48-unit senior living community for adults age 55 and older.

Renaissance owns both this project and its sister property, the former Taylor School, which has already been converted into a senior living community. Renaissance expects the project to cost about $14 million.

The community will feature one- and two-bedroom floor plans, full kitchens with appliances, private parking, a club room with a TV lounge and game area, reading lounges, a library and media center, a fitness center, and separate storage space.

The Jackson Renaissance is expected to break ground in late winter and be completed by May 2013. It will mirror the Taylor community. Architecture services are being provided by Worn Jerabek PC, with lead architect Todd Wiltse and project architect Heidi Dahle. Baxter Construction Co., Inc., is the general contractor, with Sterling Renaissance LLC providing construction management services. Renaissance Realty Group, Inc. will manage the property upon completion. 

Trade Eastern Breaks Ground on Affordable Senior Housing Project

Design-build construction company Trade Eastern Inc. recently broke ground on an affordable senior housing community in New Milford, Pa., reports IndependentWeekender.com

The 24-unit senior apartment complex will be comprised of 22 one-bedroom units, and two units with two bedrooms. Four of the apartments will be fully handicap-accessible. Rent will be set at 30% of residents’ income. 

The Pennsylvania Housing Finance Agency awarded tax credit funding for the majority of the project. City Real Estate Advisors of Boston was the investor purchasing the tax credits. Along with the PHFA funding, the project also got $747,000 in Department of Community & Economic Development funds from the Housing Rehabilitation Assistance program along with a local commitment of $100,000 from the Susquehanna County Commissioners Act 137 Affordable Housing Fund. 

Trade Eastern is the project contractor, with A&E Group serving as architect.

Construction: Complete

CRL Senior Living Communities Opens $20 Million Ill. Community

CRL Senior Living Communities recently opened Arbor Ridge Senior living, a $20 million memory care and assisted living community in Highland Park, Ill.

The 88-bed community features private and semi-private suites with private bathrooms; sensory gardens designed to stimulate the five senses; and a “Snoezelen Room,” a therapeutic environment that uses lighting effects, color, soothing sounds, and music during memory care treatment. 

CRL designed the community with its Life Enrichment Pillars in mind: senior programming to develop physical, social, emotional, nutritional, mental, and spiritual progress in seniors. 

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