In the Pipeline: Senior Housing Construction Projects (12/26/12)

PinPoint Commercial Breaks Ground on Texas ALF

PinPoint Commercial, LP broke ground on a previously-announced assisted living and memory care community in Katy, Tex.

The Legacy at Falcon Point will be a two-story, 104-bed community located less than a mile from Memorial Hermann Katy Hospital and a planned St. Luke’s Hospital.

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The community will accommodate up to 44 memory care residents and 60 assisted living residents, and the design will allow for PinPoint to easily add or reduce the number or memory care or assisted living units in order to meet residents’ needs.

PinPoint is developing the project internally and will not be utilizing third-party debt financing. Construction is expected to be complete in late 2013.  PinPoint is collaborating with Thrive Senior Living, which will operate The Legacy at Falcon Point upon completion.

Brandywine to Expand, Renovate N.J. ALF in $16 Million Project

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Brandywine Senior Living recently received approval from the borough zoning board for a major expansion of its Haddonfield Home retirement community, reports the local Patch. Brandywine plans to spend up to $16 million to renovate the assisted living community. The project includes the addition of underground parking and a building expansion from 23,378 square feet to about 35,569 square feet—about a 65% increase, says Patch.

The senior living provider must now get approval for the project from the state Department of Community Affairs. If gotten, the project is expected to break ground in March and be completed before the end of 2013.

Pittsburgh Developers Break Ground for  $11.5 Million Senior Apartments

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Pittsburgh-based companies Operation Better Block and Oxford Development broke ground on the $11.5 million Homewood Station Senior Apartments development last week, writes the New Pittsburgh Courier.

Homewood Station will provide 41 new mixed-income, one- and two-bedroom residential units all within a four-story building. The project will also feature ground floor commercial spaces for neighborhood businesses as well as a cafe.

Supporting the project’s first phase was a $10 million Low Income Housing Tax Credit granted through the Pennsylvania Housing Finance Agency and land sold through the Urban Redevelopment Authority of Pittsburgh, which provided an additional $317,000 in grant funding.

Homewood Station’s first phase is scheduled for completion next December, with the four subsequent phases focusing on additional mixed-use, mixed-income redevelopment, as well as greening initiatives.

Florida Green-Lights Hospital to Senior Housing Transformation

The Fort Pierce Housing Authority and Culpepper & Terpening engineering firm have cleared the first hurdle for their proposal to transform Fort Pierce Memorial Hospital into a 193-unit senior housing project, writes TCPalm.

The proposed plan for Sunrise Heights Senior Housing Center is set to cost between $30 million to $35million and generate somewhere from 200 to 300 jobs in the Fort Pierce and neighboring communities.

Sunrise Heights was presented before the city’s commission on December 17, and will include two apartment buildings each housing 75 units and 22 duplexes that will feature 44 units.

The Housing Authority will apply for funding from the Florida Low-Income Housing Tax credit program, as well as funding from the public-private partnership between the Authority and its partner developer, Norstar.

Construction could take two to four years, according to David Nisivoccia, executive director of the Fort Pierce Housing Authority.

Low-Income Senior Housing Construction Gets OK, Neighbors Assisted Living Facility

Cleveland-based NRP Group received a building permit this month from the Kent Community Development Department to begin construction on new senior housing units, reports the local Patch.

The 68-unit Maple Brook at Four Seasons in Kent, Ohio will be built on vacant land adjacent to the assisted living facility of KentRidge at Golden Pond.

Maple Brook at Four Seasons received $1.2 million from the Ohio Housing Finance Agency, and the $4.9 million project is targeted for low-income earning seniors with annual income ranging from $15,000 to $30,000.

The project is on track to open by December 2013, says Project Manager for NRP Group, Joseph McCabe.

WiT2 Opens Assisted Living Community on Arizona Native American Reservation

WiT2, a Tucson, Ariz.-based health care management and consulting company, has opened the first of four Tohono O’odham Elder Assisted Living Residences on a Native American reservation in Arizona.

The community represents the first purpose-built assisted living residence on Native Nation’s land in Arizona. All four communities are designed by Thomas McQuillen, of Lizard Rock Designs, also based in Tucson.

The Tohono O’odham Nursing Care Authority (TONCA) Board of Directors determined after extensive research and feasibility studies, interviews, discussions, and meetings with elders that assisted living represented a gap in its existing services, which include the Archie Hendricks Sr., Skilled Nursing Facility, the Tohono O’odham
Hospice, and Desert Pathways, a palliative care program, said Lee Olitzky, CEO of WiT2 and project developer.

The new assisted living residence is an 8500-square-foot, 12-bedroom residence located adjacent to the
Archie Hendricks Sr., Skilled Nursing Facility. The residence features large common spaces to accommodate visits from extended family members of residents, along with an indoor/outdoor fireplace permitting the preparation of traditional meals outside.

Along with the assisted living residence, WiT2 manages the Tohono O’odham skilled nursing facility and hospice programs on behalf of the TONCA.