In the Pipeline: Senior Housing Construction Projects (7/3/14)

Construction: Planned

Developers Propose 239-Unit Senior Living Complex in Georgia

Nonprofit the Beverly J. Searles Foundation is proposing to build a 239-unit senior living community in Fayetteville, Georgia, reports The Citizen.

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The Lafayette Place proposal calls for developing a 13.7-acre site to include 125 independent living units, 24 independent 
“quad” villas, 60 assisted living units and 30 memory care residences. 

Congress Companies to Build 74-Unit Senior Housing Project in Mass.

Congress Building Corp. and LCB Senior Living have teamed again, this time in the construction of The Residence at Five Corners, a 74-unit assisted, independent living and memory care community in Easton, Massachusetts. 

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The Residence at Five Corners, which is expected to break ground this summer and open late 2015, will be an 84,000-square-foot community featuring studio, one- and two-bedroom apartments.

The community will also feature a Reflections Memory Care wing that will offer specialized cognitive programming within its own separate environment, which will contain its own common areas, courtyard and other amenities.

A variety of common areas will be featured at The Residence, including a library, computer room, cafes, exercise room, walking paths, sitting areas and gardens, among other amenities, The Congress Companies noted in a release.

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Chelsea, Massachusetts-based The Architectural Team has also partnered on the project. 

Pinkard Construction, Frasier Meadows Retirement Community Break Ground on 6th Project

Colorado-based Pinkard Construction will break ground next week on its sixth project with Frasier Meadows Retirement Community, a CCRC located in Boulder, CO, to develop a new $16 million assisted living and memory care facility.

The newest housing addition to the CCRC following the aftermath of severe flooding in September 2013, the new 42,000-square-foot development will contain 38 apartments, split evenly between assisted living and memory care units. 

Additionally, the space will include a new commercial kitchen, indoor and outdoor dining venues and two memory gardens.

OZ Architects has joined Pinkard on this new development.  

Construction: In process 

The Arbor Company Developing Tampa AL/Memory Care Community

Tampa developer Chancey Design and Atlanta-based management firm The Arbor Company announced this week they are developing a 92-unit assisted living and memory care community in the West Chase and Citrus Park neighborhoods of Tampa. 

Dubbed Arbor Terrace at Citrus Park, the community will include 26 units dedicated to memory care within its 92-unit make up inside of a separate area known as the Bridges neighborhood. 

Community grounds will include an enclosed courtyard with walking paths, fountains and patios, along with wireless call systems and monitoring devices within each resident room. 

The community is set to open in January 2015.

Thrive Senior Living Breaks Ground on First of Many Projects for Washington D.C.

Atlanta-based Thrive Senior Living broke ground this week on the first of several projects it has planned for the Washington, D.C. metro market.

The Tribute at Heritage Village, a 128-unit assisted living and memory care community in Gainesville, Virginia, is the first development of a portfolio of projects for Thrive in the area. 

The community is located at the front entrance of Heritage Hunt, an age 55+ active adult community.

Amenities include two restaurant dining venues, a spa, fitness center, doctors office, telemedicine suite for virtual healthcare, movie theater, salon, rooftop terraces, walking trails and more.

Thrive has targeted the D.C. metro market as part of its growth platform after seeing an opportunity to take advantage of a dense market with high barriers to entry, caused mostly in part by a lengthy real estate entitlement process. 

The projects are joint ventures with Harrison Street Real Estate Capital and Palomino Capital, a Dallas, Texas venture specializing in platform-based growth investments.

Provision Living Building $20 Million Assisted Living Project in Columbia, MO

Provision Living is building a $20 million assisted living and memory care community in Columbia, Missouri, reports St. Louis Post-Dispatch.

Within a three-story structure, the development will offer 63 assisted living residences and a 32-unit memory care wing.

The general contractor is ARCO Construction Co., Inc., based in Rock Hill, Missouri.

The project is expected to open in fall 2015.

New Erickson Living Expansion 85% Sold, Opening Slated for Fall

A new independent living apartment building currently being constructed on the campus of an Erickson Living CCRC in Overland Park, Kansas, is already 85% sold prior to its anticipated opening later this year.

Meadowlark Terrace is an 87-unit apartment residence on the campus of Erickson’s Tallgrass Creek CCRC that will feature 10 new floor plans varying in size, ranging from luxury two-bedroom units to one-bedroom apartments.

Within the new homes are granite counter tops, stainless steel appliances and full-size washers and dryers.

Colorado-based Lantz-Boggio is the architectural firm and Brinkmann Constructors is the general contractor. 

Omega Communities Breaks Ground in Sarasota County, FL

Omega Communities has two senior living development projects underway in Sarasota County, Florida, that will have an estimated economic impact in excess of $30 million per year once both facilities are completed. 

The Fountains of Hope will be a newly constructed 90,000-square-foot assisted living and memory care community offering 106 residences on a 10-acre parcel on the campus of the Church of Hope. 

The second project underway in the county is The Springs at South Biscayne Church in North Port, FL. 

All Omega Communities’s designs are based on purpose-driven features and amenities including dining areas, outdoor patios, courtyards and private residents. 

Written by Jason Oliva

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