In the Pipeline: Senior Housing Construction Projects (12/12/13)

Construction: Planned 

Commonwealth Assisted Living Plans Memory Care Expansion

Commonwealth Assisted Living, a Virginia-based provider of senior living communities, is planning to expand one of its communities located in Front Royal, VA, to include the company’s signature memory care program.

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Commonwealth is investing more than $1.5 million to add its signature, resident-centered “Sweet Memories” memory care program to its preexisting community called The Southerlands, the company stated in a release. 

The expansion will allow for a total occupancy of 45 assisted living units and 30 “Sweet Memories” units.

The company also plans to include other community enhancements during the expansion project, such as adding an open stairway in the entrance lobby, a second elevator and renovations to the ground floor dining area. 

Construction at The Southerlands will begin in the first quarter of 2014 , with an anticipated completion date for the third quarter.

Commonwealth Assisted Living and its affiliates operate 18 senior living communities throughout Virginia, 10 of which offer memory care.

Senior Lifestyle Corp. Gets OK for Wisconsin Development

Chicago-based Senior Lifestyle Corp. plans to begin construction on a 96-unit senior living community in Pleasant Prairie, Wisconsin, by fall 2014, reports Chicago Business Journal.

The company received approval this week from the village to develop its new community on nine acres, with the first phase of construction intended to build a three-story building with memory care and assisted living units. 

The first phase could be followed by a second building, according to the CBJ article, that will feature 66 senior apartments. 

Connecticut Plans $20 Million Affordable Senior Housing Project

The Torrington Planning and Zoning Commission of Connecticut this week unanimously approved the construction of a $20 million, 115-unit affordable senior housing complex, reports The Register Citizen.

The proposed 17-acre project, dubbed Slaiby Village, would be owned by the Torrington Housing Authority. TO Design, based in New Britain, Conn., will be the developer for the project. 

Slaiby Village would serve seniors older than 62 years of age making less than 80% of the area median income of Litchfield County. 

Project plan call for two buildings that would be split between a 68-unit building and a 47-unit building, which will be for veterans only, according to The Register Citizen article.

All buildings will contain one-bedroom units with a kitchen and bathroom, ranging between 500- and 600-square-feet. 

Construction: In process

Georgia Developer Slates New Assisted Living Community’s Opening for Early 2014

Georgia-based developer Aspire Development Partners plans to open its newest senior living community in South Forsyth County by early next year, reports AccessNorthGA.

Plans call for 100 units of a mixed senior living community containing both assisted living and memory care residences. 

A developer of senior living communities throughout the Southeastern U.S., Aspire Development Partners has teamed up with Atlanta-based The Arbor Company, which will manage and market the new community upon completion. 

Construction: Completed

$15 Million Independent Living Community Opens in Miss.

Representatives from the Mississippi Development Authority gathered Tuesday for a ribbon-cutting ceremony on a $15 million independent living community in D’Iberville, Miss., reports Sun Herald.

The Development Authority provided $10.5 million in Hurricane Katrina Community Development Block Grant funds to assist with the 117 apartment project. 

Of the total apartments, 87 are one-bedroom units that are 696-square-feet, while 30 apartments are two-bedroom, two-bathroom units with 1,002-square-feet. 

All units feature walk-in closets, balconies, granite countertops and energy-efficient appliances. Amenities for the community include a salt-water swimming pool, walking paths to the nearby river, a fishing dock and a community room for group activities.

Since the development is intended as an affordable housing community, eligible residents are those age 55 and older whose income is 120% or lower than the average median income.

Written by Jason Oliva

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