In the Pipeline: Senior Housing Construction Projects (11/20/2012)

Construction: Planned

Meridian Realty Advisors Acquires Site to Build Memory Care Community

Dallas-based developer Meridian Realty Advisors, LP recently acquired a site in southwest Fort Worth, Tex. with plans to develop a 52-unit memory care and assisted living community.

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Silverado Senior Living-Fort Worth will be located on a five acre site and will be the third project Meridian is developing in partnership with Irving, Calif.-based Silverado Senior Living. Construction is expected to begin in early December, with an expected opening date sometime in the third quarter of 2013.

The senior care community will provide assisted living and memory care services for up to 90 residents.

Pi Architects, based in Austin, designed the project, and SCI Construction of Tyler, Tex. will serve as general contractor/builder. Stillwater National Bank is providing construction financing.

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Apara Plans $5 Million Wisc. Senior Living Community

Madison-based senior living company Apara Care is planning to build an assisted living community in Beloit, Wisc.

The 45,000-square-foot Cherry Tree Assisted Living development would have 72 units, 48 of which are classified as a residential care apartment complex and the remaining 24 in a community-based residential facility with a memory care center. The assisted living apartments will all be affordable-rate units.

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Community amenities will include a greenhouse, multiple outdoor walking trails and patios, a pub, and a private dining room for residents and families.

Welman Architects, Inc. is providing design services.  Apara Care, which will be providing management services, hopes to break ground in Spring 2013 and complete the community in the fall.

Construction: In the Process

TRISUN, Suntex Break Ground on Tex. Senior Care Community

Austin, Tex.-based TRISUN Healthcare and Suntex Development LLC recently broke ground on an assisted living and memory care facility in San Antonio, Tex.

The nearly 56,500-square-foot development will have 42 assisted living units and 18 memory care units in a building with a Texas Hill Country ranch-style design. It will be located next door to TRISUN Care Center Lakeside, a skilled nursing and rehabilitation facility also built by Dallas-based Suntex, with a walkway between the two buildings.

Assisted living accommodations include one- and two-bedroom apartments, activity rooms, and private and community dining. Memory care residents will reside in private or semi-private rooms and have access to a secured courtyard, private family room, lounge and activity areas, and community dining. Other community amenities will include a bistro, library, billiards room, theater, beauty salon, and exercise room.

MedProperties LLC, a Dallas-based healthcare real estate private equity investment firm, is partnering with Suntex Development to construct the new assisted living community. Lakeside Assisted Living is being designed by DFD Architects, based in Austin, and built by San Antonio-based Metropolitan Contracting Co.

Nor-Son Breaks Ground on Senior Care Community Expansion

Nor-Son, Inc. broke ground recently on an expansion at the Cerenity Senior Care – White Bear Lake campus to add a new transitional care and wellness center and chapel.

Designed by Pope Associates, the new transitional care center will have 40 private rooms with a focus on short-term rehabilitation, wellness, therapy, and recovery. A 4,200-square-foot wellness center will feature an integrated therapy room and a warm-water, zero-depth entry therapy pool.

Construction is expected to be complete in fall 2013. Nor-Son was involved in the master-planning of the campus and is providing construction management services.

Development Partners Break Ground on Affordable Senior Development in Md.

Park Heights Renaissance Inc. and Comprehensive Housing Assistance, Inc. have partnered to develop an affordable senior housing complex in northwest Baltimore, Md., reports the Baltimore Sun.

The four-story Renaissance Gardens will have 60 one-bedroom independent living units. The complex will have several common areas, including a multi-purpose dining room, a living room, a computer room, and an activities room. Residents will also have access to some on-site health and social services.

The developers are using HUD funding to financing the project.

Construction: Completed

Skender Construction Completes 3 Senior Housing Developments

Skender Construction recently completed construction on three senior housing developments in the Chicago area, reports REJournals.com.

Oak Hill Supportive Living community is a 72,000-square-foot independent senior living community in Round Lake Beach, Ill., developed by The Crown Group Inc. and designed by Gleason Architects. The 94-unit facility features a community dining room, theater, billiards room, and therapy center, along with outdoor amenities including a greenhouse, walking paths, community garden, and playground. It was built using HUD and Illinois Housing Development Authority (IHDA) funds.

Another project that used IHDA funding is The Residences of Lake in the Hills, a two-story, 90,000-square-foot senior housing complex in Chicago suburb Lake in the Hills. DKI Inc. developed the 92-unit community, which was designed by architect NORR and features studio, one-bedroom, and two-bedroom apartments.

The third development is Lakefront Residences of Grayslake, a 75,000-square-foot affordable senior housing community by Mercy Housing Lakefront in Grayslake, Ill. The 70-uni building, designed by Harley Ellis Devereaux, is designated for 55+ adults with incomes beneath 60% of the area median income. Amenities include a community room, kitchen, library, and wellness center. The project also used IHDA funding.

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