In the Pipeline: Senior Housing Construction Projects (2/6/14)

Planned

Vermont CCRC to Build $10 Million Expansion

The Cedar Hill Continuing Care Community, a continuing care retirement community located in Windsor, Vermont, announced this week its plans to build a $10.6 million addition.

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The 42,000-square-foot, two-level building addition will house a 20-bed memory care unit and will also double the community’s capacity of its independent and assisted living units to 41 apartments.

The memory care wing will comprise 12 private apartments and eight semi-private apartments.

The expansion will increase the community’s total square footage from 18,000 to 59,720-square-feet.

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Congress Construction is the project’s construction manager. MacKenzie Architects of Burlington, VT, designed the project’s expansion.

The completed facility is expected to open in January 2015. 

Isakson Living Donates Acres to Park for $200 Million Project

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In Atlanta-based Isakson Living’s ongoing quest to develop a $200 million CCRC in Georgia’s Cobb County, the senior living provider has recently donated several acres back to East Cobb Park in an attempt to appease the project’s critics, reports The Marietta Daily Journal.

Isakson Living gave 9.5 acres to East Cobb Park as a “piece offering” to those who claim that the 843-unit senior living project is too big for the area and “inappropriate for the tract of land neighboring a public park,” the article writes.

The donated land would double the size of East Cobb Park and also provide a buffer between the Isakson community’s residential buildings and adjoining property owners.

The provider initially planned for a 987-unit community, but has since scaled down the project plans and rezoned in attempts to garner approval from the Cobb Board of Commissioners.

$6.5 Million Jehovah Assisted Living Planned for Pennsylvania

Developers in Allentown plan to begin construction on a $6.5 million assisted living community exclusively for Jehovah’s Witnesses, reports Lehigh Valley Business. 

Local company Serfass Construction Co. will build the Legacy Place Cottages assisted living and memory care development. 

The project will feature two single-story buildings totaling approximately 30,000-square-feet.

The community is owned by Jah-Jireh Homes of America, a nonprofit faith-based organization that cares for aging Jehovah’s Witnesses.

Developers anticipate project completion at the end of the fourth quarter.

In Process

Erickson Living CCRC Expanding in Colorado

An expansion project is currently underway at a Colorado CCRC managed by Erickson Living.

The expansion of the Highlands Ranch community, dubbed Wind Crest, features the addition of McHenry’s Cross, a new residence building that will house 102 apartment homes.

The addition will offer 22 new floor plans varying in size and style, from luxury two-bedrooms to modest one-bedroom units. 

Several notable design features include wood floors, the absence of walls separating kitchens from living space, as well as the use of islands or peninsulas, which designers intend will give the apartments more of an “open feel.”

Other design features include grant countertops, stainless steel appliances, brushed nickel hardware and a combination of recessed and pendant lighting in the kitchens. 

About 85% of the McHenry’s Crossing apartments will also feature balconies. 

Amenities include a new community restaurant, coffee shop, spaces for group activities, movie theater, classroom and fitness room to complement the existing on-site fitness center at Wind Crest.

Dallas-based firm JHP is the architect on the project.

McHenry’s Crossing will open in November 2014, a spokesman from Erickson told SHN. 

Completed

Luxury $250 Million Mixed-Use Senior Complex Opens in Minnesota

Presbyterian Homes & Services recently opened a second building at one of its communities in the Minneapolis suburb of Wayzata, a $250 million mixed-use senior complex, reports Minneapolis/St. Paul Business Journal

The Promenade at Wayzata features two buildings, Superior Block and North Block. 

The former is a 90-apartment building that opened in October and is currently fully leased, while the later is a 58-apartment that is 97% leased since opening in December. 

North Block also features 76 assisted living and memory care units, which are about one-third full, according to the Minneapolis/St. Paul Biz Journal report. 

The North Block also features a restaurant, cafe, library, a two-story atrium conservatory, a movie theater, beauty parlor, convenience store and wellness center equipped with a swimming pool and fitness equipment. 

Rents for the luxury senior communite range from $1,665 to $5,150 per month, after a fully-refudnable entrance deposit of $95,000 to $586,000. 

Unit sizes range from 740 to 2,300-square-feet.

The Roseville, MN-based Presbyterian Homes & Services, is a non-profit organization with senior living communities in Minnesota, Iowa and Wisconsin. 

Fresno Affordable Housing Celebrates Grand Opening

The Fresno Housing Authority celebrated the grand opening of a new affordable senior housing development this week in California, reports The Fresno Bee.

Bridges at Florence is a 33-unit apartment complex for seniors with annual incomes between $12,050 and $24,120.

The project developed as a partnership between the housing authority, equity investor PNC Real Estate, the city of Fresno and the nonprofit King of Kings Housing Development Corporation based in southwest Fresno. 

Written by Jason Oliva

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