In the Pipeline: Senior Housing Construction Projects (1/9/14)

Construction: Planned

Isakson Living $200M CCRC Delayed Again

A $200 million senior living project from Isakson Living has been delayed again following the rescheduling of a zoning hearing by the Cobb Planning Commission of Cobb County Georgia, reports the local Patch.

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The delay, according to Patch, was due to the commission’s decision to appoint a committee to re-evaluate the continuing care retirement community (CCRC) zoning category. 

Isakson Living recently resubmitted a rezoning request in December for the project, which plans to feature 837 independent living units and 150 “health care” units.

The rescheduled hearing date before the Cobb Planning Commission has been slated for May 6 and May 20. 

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New Hampshire Assisted Living Community Plans Expansion

Webster at Rye, a skilled nursing and assisted living facility in Rye, New Hampshire, is planning a major expansion that will increase the number of units for both its assisted living and nursing segments, reports Seacoast Online.

The nonprofit organization is currently seeking zoning approval to add 39 new assisted living apartments to the preexisting 27 currently on site; and up to 26 nursing home rooms. 

The community also plans to expand its skilled rehabilitation gym and create a new memory care unit. 

Webster at Rye is currently asking the local Zoning Board of Adjustment for special exception to construct the additions.  

Upscale $14 Million Independent Living Community Planned for Detroit

Presbyterian Villages of Michigan and Hartford Memorial Baptist Church are teaming up to offer an upper-end independent living community for seniors age 55 and older, reports Detroit Free Press.

The two organizations will break ground on the $14 million project, dubbed Hartford Village, this summer at 7 Mile and the Lodge Freeway.

Hartford Village will consist of 45 apartments and 39 cottage-style units that will feature a one-car garage. 

Units will have balconies or patios, transportation and 24-hour security on the premises, with apartment leases beginning at $1,000 a month. A $500 security deposit will also be required. 

The development will be located near the Northwest Activities Center and will include a community room with a full kitchen, a fitness room, beauty salon, library, computer room, among other amenities. 

NorCal Investment Company Plans Senior Housing Developments

Alamo, California-based Private Capital Investments plans to develop senior housing on two vacant parcels in San Luis Obispo County, reports Santa Maria Times.

The company is currently seeking a lot line adjustment and conditional use permit to construct a 96-unit assisted living community and a separate 36-unit senior apartment complex. 

Of the 96 assisted living units, 15 beds would be reserved for “transitional or light memory care individuals, while 22 beds would be dedicated to persons requiring memory care.”

The proposed development is scheduled for a February 3 hearing before the County Subdivision Review Board.

Cannon, an engineering firm based in San Luis Obispo, is representing Private Capital Investments.

Construction: In process

MedProperties, The Lasalle Group to Begin Texas Memory Care Construction

Dallas-based real estate firm MedProperties Holdings LLC and Irving, Texas-based The LaSalle Group will soon begin construction on a 46-bed memory care community in Austin, Texas. 

The one-story Autumn Leaves of North Austin will be a 27,000-square-foot residential care community located approximately one-half mile west of Texas State Highway 183 at the corner of Anderson Mill Road and Swan Drive. 

The LaSalle Group will operate the community under its Autumn Leaves brand upon completion.

Construction for The Autumn Leaves of North Austin is scheduled to begin this month and will be completed in 12 months, according to a release from the companies.

This project marks MedProperties’ third investment with The LaSalle Group and the fifth in its second discretionary fund, the $150 million MedProperties Investment Partners LP.

Texas Gulf Bank is providing construction financing for the development.

Developers Prep for $7 Million Senior Housing in Kansas City, MO

Landmark Investment Group is currently preparing $70 million worth of development that will include a senior housing project on the campus of a Kansas City, Missouri, outpatient hospital, reports Kansas City Business Journal.

A $7 million, 46-unit independent living complex for seniors ail kick off development on Research Medical Center’s Brookside campus, as soon as federal affordable housing tax credits are secured, a representative from Landmark told KCBJ.

The project will be called Rockhill Greens Senior Living, and developers intend that it will “catalyze further development” on the 13-acre site. 

The focus of the development is to construct a continuum of care campus that includes not only independent living, but also assisted living and skilled nursing facilities as well, the article notes. 

Landmark purchased the site for approximately $1.5 million from HCA Midwest and paid to have seven campus buildings demolished to make way for development.

Midwest Division-Partners for Change LLC, an HCA Midwest affiliate, is serving as master developer for the Research Brookside campus project.

Construction: Completed

Alabama Assisted Living Facility Opens After Year-Long Delay

Decatur ALF Group LLC’s Westminster Assisted Living has finally begun operating after more than a year since it was originally planned to open, reports Decatur Daily.

The 40-bed facility started moving in its first residents during early November. Though developers initially anticipated a completion date of June 2012—following the project’s announcement in September 2011—development had been delayed due to a change in contractor and architect. 

The 30,282-square-foot Westminster features 24 assisted living beds, 16 of which will cater to residents with dementia. Each 400-square-foot room includes a studio kitchen, flat-screen TV and computer area. 

Average monthly rates to live in the community range from $3,350 to $5,100. 

While developers announced initially that the construction costs would amount to approximately $8 million, they did not disclose the final price tag to Decatur Daily.

Written by Jason Oliva

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