In the Pipeline: Senior Housing Construction Projects (3/7/13)

Construction: Planned 

Developer Plans to Build Senior Housing on Grounds of Sports Stadium

Presbyterian Senior Living plans to build a 36-unit rental senior living community on the grounds of Memorial Stadium, the Baltimore Sun reports

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The organization anticipates that its project, Heritage Run at Stadium Place, will be completed by early spring of next year, and will be available to adults age 62 or older. 

Presbyterian Senior Living has 29 senior communities throughout the mid-Atlantic, and is headquartered in Dillsburg, Pa.  

NorSouth Plans $9.8 Million Georgia Community

Atlanta-based NorSouth Development has announced a new concept for affordable, independent senior rental communities for residents age 62 and older, the Barrow patch reports

Branded as MainStreet, NorSouth’s first community is under construction in Winder, Ga. and the second project is to be built in Braselton, Ga. 

The $9.8 million community will be located on 7.5 acres and will include 50 one- and two-bedroom apartments and 14 two-bedroom single story cottages. 

Pre-leasing of MainStreet Winder will begin in March 2013, with completion slated for July. 

Developer Proposes $8.7 Million Project Converting Historic Building to Senior Housing

City officials in Augusta, Maine look to transform a vacant high school into elderly housing development with the help of state and federal funding, the Morning Sentinel reports

Housing Initiatives of New England (HINE), a nonprofit housing developer, is proposing $8.7 million worth of renovations to the old Cony High School that has been vacant since 2006.

HINE proposes to develop the building’s former classrooms into 44 one- and two-bedroom apartments for elderly residents.

Of the 44 units, 16 would be two-bedroom and 28 would be one-bedroom. Also, 27 units would be for seniors with a household income of less than 50% of the area’s median income, or about $20,000 a year.

The other 17 units will be available to seniors with an income of no more than 60% of the area median level, or $24,000. 

Rents would range from $500 to $729 per month. 

YMCA to Get Senior Apartments With Tax Credit Help

A YMCA in Anderson, Indiana will convert the second and third floors into apartments for low-income seniors, the Herald Bulletin reports.

Senior Housing at Anderson YMCA will receive $434,419 in tax credits administered by the Indiana Housing and Community Development Authority (IHCDA).

The two floors will be renovated into 30 apartments, consisting of 26 one- and two-bedroom units, three units with two bedrooms, and one efficiency that contains a kitchen and living quarters with a separate bathroom.  

Episcopal Retirement Homes (ERH), a Cincinnati-based organization, will handle project management, with Anderson YMCA being its first project outside its home state of Ohio. 

Construction is expected to begin in 2014, with apartments ready for occupancy by early 2015.

Construction: In the Process

Morning Pointe Senior Living Developing $30 Million Worth of Projects

Morning Pointe Senior Living and Independent Healthcare Properties (IHP) are currently developing three new senior care communities in Kentucky and Tennessee, the Chattanoogan reports

Two facilities, including a free-standing Lantern Alzheimer’s Memory Care Center of Excellence, will be located in Lexington, Ky. 

The third is under construction in Powell, Tenn., outside of Knoxville. 

The development of these projects bring Morning Pointe’s total number of assisted living, personal care and Alzheimer’s Memory Care communities to 23 in five Southeast states. 

The projects are all on schedule for openings next year in 2014, and require an additional $30 million investment in the Lexington and Powell areas. Morning Pointe’s developments will also create 185 more jobs and 450 construction jobs. 

Goodman Group to Build Senior Living Community in Chaska

Construction is set to begin this spring on The Legends at Hazeltine, a senior living community in Chaska, Minnesota, the Star Tribune reports.

The Goodman Group will develop and manage the project, which will include 125 apartments with assisted living, memory care and regular care suites. 

Ridgeview Medical Center and nonprofit Intergenerational Living and Health Care, Inc. partnered for the project, and the Legends will expand on the care and services provided by Ridgeview’s Two Twelve Medical Center located nearby.

The Legends will be located at the northeast corner of Highway 41 and Hazeltine Boulevard. 

It is scheduled to open in the fall of 2014.

Construction: Completed

$55 Million CCRC Expansion Opens in Texas

Construction is complete on a $55 million expansion of Arbor Oaks at Crestview, a continuing care retirement community in Texas. 

Arbor Oaks features 92 maintenance-free independent living apartment homes with an array of amenities. Residents also have lifetime priority access to a continuum of care at the community’s on-site health center, which includes 48 assisted living, 48 skilled nursing and 18 dedicated memory support residences to call upon, if ever needed. 

“We’re excited to open our doors, and it’s clear that seniors in the area are excited about this new lifestyle option and the benefits provided,” says Ron Jennette, president and CEO of Methodist Retirement Communities (MRC), the not-for-profit sponsor of Arbor Oaks. 

Atlanta Co. Completes Renovations of Four Senior Living Communities

Winter Construction, an Atlanta-based construction management and general contracting company, recently completed renovations to four of its senior living facilities. 

Winter’s projects include Sunrise of Huntcliff in Roswell, Ga.; Sunrise at Ivey Ridge in John’s Creek, Ga.; Brighton Gardens of Dunwoody in Dunwoody, Ga.; and Brighton Gardens of Buckhead in Atlanta. 

Construction included renovations to lighting, granite, cabinetry, painting, and wallpaper, as well as cosmetic upgrades to corridors, restrooms, and grand foyer. 

Additionally, Winter also completed renovations to the various communities’ amenity areas such as it dining rooms, parlors, salons, kitchens, activity rooms and porches.

Written by Jason Oliva

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