In the Pipeline: Senior Housing Construction Projects (3/27/13)

Construction: Planned

United Properties Proposes $10 Million Senior Co-Housing Project

A proposal for a $10 million senior housing cooperative is generating buzz from the Anoka City Council, ABC Newspapers reports

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United Properties expressed interest in establishing one of its Applewood Pointe developments on the corner of Second Avenue and Harrison Street in Anoka, Minnesota. 

The senior housing co-op would be available for residents aged 63 and older and would b similar in style to the neighboring condos constructed by Rottlund Builders.

United is coming in to the development to pick up where Rottlund left off, ABC Newspapers reports, as the company folded on the rights to continue housing development on nearby properties in late 2011.

Alex Hall of United Properties presented a plan last Monday for a 51-unit independent living building. 

Although Applewood Pointe does not include any medical or food services, the community will include amenities like common rooms, exercise and game rooms as well as underground parking and a woodworking shop. 

Stonebridge Selected for Minn. Senior Development

Rosemount, Minnesota’s council and city staff have chosen Stonebridge Companies to develop a senior housing project in the area, Rosemount Town Pages reports.  

The city was forced to look for a new developer after Doran Companies informed the council in February that it would not move forward with the project after the results of a market study showed less demand in the area than they wanted, the article says.

Stonebridge has built a number of senior housing projects in the city, including in Lilydale and Shoreview.

The council directed staff to work with Stonebridge, drawing preliminary designs of the project. 

The project should come back in front of the council in the next month or so, says the Rosemount Town Pages.

Construction: In the Process

Former Tenn. Hospital Getting Converted to Senior Apartment Complex

Renovations are currently underway to transform Johnson City’s first community hospital into a multimillion-dollar senior living apartment complex, reports Johnson City Press.

The Lexington Senior Living, a 73-unit independent living complex, will sit along Boone, West Fairview and North Roan streets. 

The community will be operated by The Jennings Group, a senior housing management company based in Alpharetta, Georgia that operates 16 different properties nationwide. 

Renovations to the 153,000-square-foot property have been underway since it was purchased in late 2012. Old hospital rooms have been converted into one-bedroom, two-bedroom and studio apartments. 

The Caring Corp., a licensed service agency, will also operate in The Lexington, providing care to residents. 

Johnson City Memorial Hospital looks to reopen its doors as The Lexington in June. 

Stroud Development Working on Two Senior Care Projects

Stroud Development is currently constructing two assisted living and memory care communities in Texas. 

Orchard Park of Pearland Assisted Living and Memory Care is under construction with 69 assisted living beds and 68 Alzheimer-certified memory care beds. 

Stroud will begin construction in April on another development, Orchard Park of Katy Assisted Living and Memory Care in Katy, Tex. 

Orchard Park of Katy will also serve 137 residents in senior care apartments comprised of 69 assisted living beds and 68 memory care beds. 

The community will sit on a five-acre site within one mile of Katy Mills Mall and Memorial Hermann Katy Hospital. 

The community will serve residents in both assisted living and memory care in private apartments and suites, allowing residents access to a variety of services and amenities.

Each project will cost about $14 million to develop. 

The Stroud Development/McFarlin Group joint venture is currently working on five projects in Texas. The three other projects are in Odessa, Kyle, and Victory Lakes.

Leo Brown Group to Break Ground on $17 Million Senior Living Community

Carmel, Indiana-based Leo Brown Group will break ground in April on a $17 million senior living community on the north side of Indianapolis. 

The 104-unit Traditions at Solana will be located within the new Solana at the Crossing residential community that is currently under construction. 

As a full continuum of care community, residents of Traditions at Solana will be able to age-in-place with multiple senior living options made available to them. 

Independent living garden home units will be available to seniors who wish to maintain full independence, yet have the desire to access to meals and other services such as housekeeping, transportation, as well as social and recreational activities. 

Also included in the community is a 24-hour nursing staff, emergency response system, scheduled transportation to the doctor and shopping events, among other amenities. 

Construction is set to begin in early April, with Leo Brown Group anticipating the first residents will move in during the Fall of 2013. 

Traditions at Solana will be managed by Traditions Management, an affiliate of Leo Brown Group that currently operates 162 senior living units throughout Indiana.

Balfour Senior Living Building $74 Million Community in Denver

Louisville-based Balfour Senior Living is currently building a $74 million senior living community in Denver’s Riverfront Park, the Denver Post reports.

Balfour at Riverfront Park will cater to “upscale seniors” who want to enjoy Denver’s urban setting, according to Balfour CEO Michael Schonbrun, and will be located at 15th and Little Raven streets. 

The community will feature a five-story and a three-story building and will include 205 units split among independent living, assisted living and memory care.

Within the 112 independent living units, 28 will contain affordability requirements mandated under city policy.

Rates for independent living are expected to range from $3,500 to $8,000 per month, with assisted living and memory care apartments in a similar price range, according to Denver Post. 

Balfour at Riverfront Park has an expected completion date for summer of 2014.

People Inc. Developing Affordable Senior Living Community

A new senior living community in Springville, New York is nearly completed, the Springville Journal reports

Orchard Senior Living could be ready to open its doors as early as May or by mid-summer at the latest, according to Springville Code Enforcement Officer Michael Kaleta.

The project will include 42 one-bedroom apartments and a single two-bedroom unit. One-bedroom apartments will consist of a kitchen, living/dining room area and a bathroom.

Singe-person dwellings will be available to seniors who meet a $23,150 income limit. Double-occupancy in these units will be available to those meeting a $26,450 combined income limit. 

Orchard Senior Living will be People Inc.’s 18th local housing facility open to seniors ages 62 and older. 

The community will include handicap accessibility, vision and hearing impaired adaptations, community rooms, laundry areas, secure entry and a 24-hour emergency calling service. 

Palm Beach Nursing Home Getting $25 Million ‘Makeover’

Palm Beach’s only public nursing home will undergo $25 million in renovations before it re-opens next month, the Sun Sentinel reports.

The remodeling marks a new chapter in the almost 100-year history of the Edward J. Healey Rehabilitation and Nursing Center, a 120-bed public nursing home in Rivera Beach. 

Averaging 100 residents at any given time, the center gives priority admission to patients of the Palm Beach County Trauma System. Patients at Healey are younger than those found in most nursing homes, with the majority being younger than 64-years-old.

The center serves eligible Palm beach County residents with traumatic injuries, debilitating illnesses and dementia.

Construction: Completed

$5.4 Million Fla. Assisted Living Community Opens Doors

Grand Palms Assisted Living and Memory Care Community, built by local general contractor The Douglas Company, has opened its doors to the aging community of Central Florida.

Located in Orlando, Grand Palms is comprised of 36 units with 45 resident beds.

Totaling 39,000-square-feet, the new facility includes amenities such as a beauty salon, bistro, screened in porches, country kitchens and greenhouses that are sure to appeal to the aging community.

Architectural design for Grand Palms also includes features like high-framed corridors and extensive landscaping to give the facility a spacious and luxurious feeling. 

The $5.4 million project, owned by Grand Palms Assisted Living, LLC, took ten months to complete.

Erickson Completes Renovation of Catonsville, Md. Senior Apartments

Erickson Living recently completed renovations to 55 apartment homes at its Charlestown retirement community in Cantonsville, MD.

The units range from 756- to 1,365-square-feet and comprise the new Edgewood building. 

The Edgewood has 10 different floor plans that are a mix of one- and two-bedroom apartments. Upgraded features include granite lighting and plumbing fixtures and stainless appliances. 

Many of the apartments feature screened-in porches overlooking a nature trail or courtyard. Refundable entrance deposits for this building start at $217,000 and monthly service packages start at $1,975.

Written by Jason Oliva

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