Mainstreet Property Group Proposes New Indiana Senior Community
Carmel, Indiana-based Mainstreet Property Group is moving forward in its proposal for a new senior living community in Crown Point, Ind., reports NWITimes.
Mainstreet wants to develop a community that will house about 70 people on land recently approved for annexation by the city. The firm is also seeking a change in zoning from residential to office service district for the proposed project.
This month, the Crown Point City Council approved the incorporation of about 20 acres as the potential site for the senior housing community.
The city could expect a return of revenue ranging from $1.09 to $2.74 for every $1 cost to the city in the five years after the project is developed, the article notes.
Hospitality-Based Provider Plans Spanish-Style Senior Living Project
WESTliving, an owner and operator of hospitality-based senior living communities, has unveiled plans to build an independent, assisted living and memory care community in South Corona, California.
The planned development for the upscale area in Riverside County, Estancia Del Sol, is reminiscent of a Spanish estate or resort.
The community will consist of 91 assisted living and 21 memory care apartments and will also feature high-end amenities including fine dining, a theatre, spa, fitness center, transportation, as well as full access to personal care or concierge services, among others.
Estancia Del Sol’s development timeline is approximately 15 months. With a groundbreaking planned for November 2013, construction is slated to be complete by early 2015.
Formed in early 2009, WESTliving is based in Carlsbad, California. The company owns and operates within the Pacific and Southwest regions of the U.S.
Construction: In process
Spectrum Nears Completion on $23 Million Denver Assisted Living Project
Spectrum Retirement Communities is almost finished with construction on its HighPointe Assisted Living & Memory Care project in Denver.
The $23 million development is a four-story building that features 97 resident apartments within 78,700-square-feet.
The community’s living arrangements comprise 65 assisted living apartments and 32 memory care units.
Almost half of the building will be dedicated to “community space,” Spectrum said in a release. This entails eight fireplaces, a theater room, a west-facing sun room, wellness center, beauty salon, outdoor areas and patios.
Spectrum, along with a group of private equity partners, is paying for the development, while Bank of the West provided the construction loan.
HighPointe is the third facility Spectrum has built in the Denver area in the last three years.
General contractor for the project is Catamount Constructors, Inc. of Denver. The architect is Vessel Architecture & Design, a firm based in St. Louis.
The first HighPointe residents will be moving into the completed community in the first week of December.
Texas Developers Start Work on New Assisted Living and Memory Care Community
Construction has begun on Heartis Amarillo, an 89-unit assisted living and memory care community.
Dallas-based real estate firm Caddis Partners LLC is developing the 63,094-square-foot facility that will feature 54 assisted living suites and 35 memory care beds.
The memory care component of the project features a “Main Street” environment that includes a theater, ’50s-style diner, arts and crafts shop, as well as three interior courtyards, one of which dedicated to memory care.
Eugene, Oregon-based Good Neighbor Care will manage the community. The architect for Heartis Amarillo is Austin, Texas-based KATUS and the general contractor is MAPP Construction.
Financing is being provided by Amegy Bank.
Heartis Amarillo is expected to be completed in fall of 2014.
LGBT Resort Community to Open This Month
The community offers independent and assisted living options for its 70 craftsman-style apartments and bungalows, which range from 830- to 2,000-square-feet.
Developer Oakmont Senior Living prides Fountaingrove Lodge as one of the first retirement communities designed for LGBT residents that offers luxury living and continuing care services.
Fountaingrove Lodge is located in the heart of Sonoma County’s wine country and also features a “wine cave,” fully equipped fitness center, hiking trails and is located near a championship golf course.
The community is currently 65% occupied.
Merrill Gardens Opens $55 Million Community in California
Merrill Gardens, an owner and operator of senior living communities, has opened a new $55 million community in Campbell, California.
Merrill Gardens at Campbell features 147 apartments offering independent, assisted living and memory care. About 126 units will be reserved for independent and assisted living, while 21 units will be reserved for memory care, a company spokeswoman told SHN via email.
The private units feature full-sized kitchens, washers and dryers in a mix of studio, one- and two-bedroom apartments, as well as several common areas for residents, including a theater room.
Merrill Gardens currently owns and operates senior living communities in California, Nevada, Washington and Alabama.
Virginia CCRC Completes $24 Million Renovation
Williamsburg Landing, an independent not-for-profit continuing care retirement community (CCRC) in Williamsburg, Virginia, recently completed $24 million worth of renovations to its community hub and apartment complexes.
The three-story Landing Building is the hub of the 137-acre community. The building is home to the community’s casual and fine dining, a library, conference rooms, 250-person auditorium, medical clinic, 71 apartments, a bank, beauty shop and more.
A discovery of structural deficiencies in the original design of the 25-year old building in 2010 prompted the need for renovations at the CCRC.
The community reinforced concrete slabs within the building with composite materials, which as created for earthquake and military retrofits—renovations that Williamsburg Landing says will extend the life of the building for at least 30 years.
The renovation project also included the creation of a new informal dining venue, Cove Cafe, lounge and bar, as well as 71 newly renovated Landing apartments.
The apartments now feature hardwood flooring, new appliances include washers and dryers, open kitchen design with granite countertops, walk-through closets and accessible bathrooms.
Landing Building also underwent building systems and infrastructure upgrades to increase energy efficiency.
Written by Jason Oliva