In the Pipeline: Senior Housing Construction Projects (9/26/13)

Construction: Planned

Louisiana Council Approves $17 Million Upscale Retirement VIllage

Virginia-based Blake Management Group plans to bring an upscale $17 million assisted living retirement village to Lafayette, La., reports theadvertiser.com.

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The Lafayette Consolidated Government council Tuesday unanimously approved rezoning a portion of land need for the project to move forward. 

The 108-unit community will be called The Blake at Lafayette and will be built on 1.8 undeveloped acres off Kaliste Saloom Road, adjacent to Lafayette Surgical Specialty Hospital. 

It is not yet clear when construction will begin.

Developers Receive $120 Million Financing to Build Two Senior Communities

WholeLife Cos., a firm based out of Oklahoma City, has targeted Texas and Tennessee for the locations of building two new communities for active seniors, reports San Antonio Business Journal.

The communities, to be built under WholeLife’s “Traditions” concept, will be located in San Antonio, Texas, and Chattanooga, Tenn. 

Madison, Wisconsin-based Public Financing Authority has approved a $120 million bond to finance costs associated with the acquisition and construction of the Traditions senior living communities. 

Traditions offers luxury rental communities with neighborhoods in the communities featuring 100 to 150 single-level residences ranging in size from 1,500 to 2,000-square-feet.

Construction: In process 

$25 Million Benchmark Senior Living Community Underway in Connecticut

Benchmark Senior Living continues to make progress in the development of an assisted living community in Shelton, Conn., Shelton Herald reports.

The $25 million project, Benchmark Senior Living at Split Rock, will feature studio, one-bedroom and two-bedroom units, as well as a memory care wing. 

Callahan Inc., a Massachusetts-based construction firm, is overseeing the 92-unit project located behind the Center at Split Rock shopping complex.

The community is scheduled to open in May 2014.

St. Louis Community Advances $50 Million Expansion Project

Chesterfield, Mo.-based Brinkmann Constructors is advancing phase one of a $50 million expansion project for a Sunset Hills, Mo., senior living community. 

The Friendship Village Sunset Hills community is adding 78 independent living units along with additional amenities to its 52-acre campus.

In addition to the independent living units, plans also call for an underground parking garage, a new clubhouse with a kitchen, dining rooms, offices and a lounge area. A central park area with walking paths, patio area and putting green are also included in phase one of the expansion project. 

St. Louis-based Spellman Brady & Company is serving as the interior designer for the community, while Atlanta-based THW Design is the architect.

Thrive Senior Living Begins Construction on Texas Assisted Living Project

Thrive Senior Living, LLC, and PinPoint Commercial, LP, recently began construction on a new assisted living and memory care community in northwest Austin, Texas.

The Legacy at Crystal Falls is located in the Leander/Cedar Park suburb and will feature 112 assisted living units and 28 memory care beds. 

The project is designed around a Main Street & Neighborhood concept, in which each wing of the community serves as a separate neighborhood for the residents that live there. 

Amenities located in the “Main Street” hub will include a restaurant, movie theater, store, spa, gym and sports bar. 

Development costs associated with the project were not disclosed.

Construction: Completed

Brightview Senior Living Community Ready for Move-Ins

Pro Con Inc., a Manchester, New Hampshire-based company, has completed construction on Brightview North Andover, a senior living community in North Andover, Mass., New England Real Estate Journal reports

The $19.8 million project was developed by Baltimore, Maryland-based Shelter Development, which offers 27 of operator Brightview’s communities in eight states. The North Andover community is the fifth Brightview community in Massachusetts. 

The four-story, 140,530-square-foot community offers 133 units, including 65 apartments for independent living, 41 apartments for assisted living and 27 apartments for Alzheimer’s and dementia care.

Written by Jason Oliva

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