In the Pipeline: Senior Housing Construction Projects (12/11/14)

Construction: Planned

Alaska Developers Inch Forward on Proposed Senior Housing Complex

Ward Cove Group is proposing to develop a senior housing complex in Alaska’s Ketchikan Ward Lake-Revilla Road area, a project developers say will address a shortage of housing options for senior citizens, reports local KRBD.

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Despite hesitation on the part of the Borough Assembly, Ward Cove Group has been researching senior living centers over the years and has a vision of the facility it plans to build. 

That vision is a “true home, with different levels of assistance and various services, such as an urgent care medical clinic for seniors.” The facility would also have a section for seniors with dementia, as well as a section for residents who can move around independently.

United Properties Sends Letter of Intent to Purchase Land for 130-Unit Project 

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United Properties, a development company with offices in Minnesota and Colorado, last month sent a letter of intent to the Roseville School Board in Minn. to purchase vacant land that it hopes to transform into a 130-unit apartment complex for seniors, reports St. Paul, Minn.-based Lillie News.

The site used to be home to the former Lake Owasso Elementary School in Roseville, but had closed in 1978 following a decline in student enrollment. It then became the site of a local cable commission operation until 2011 before it was razed over in the winter of 2012-2013.

United Properties’ letter of intent proposed a purchase price for the property of $2.4 million, competing with a $900,000 offer from Pulte Homes, parent company of the Del Webb active adult age 55 and over communities. 

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At a meeting Nov. 25, the school board unanimously accepted the letter from United Properties. 

Construction: In process

Caddis Begins Construction of New Heartis Senior Living Community in Texas

Caddis, a national healthcare real estate firm based in Dallas, is bringing another one of its Heartis brand senior living communities to Texas, this time in Waco. 

Construction has already begun on the 70,000-square-foot, 87-unit Heartis Waco Assisted Living & Memory Care Community, which is located on a 4.9-acre site immediately adjacent to the Villages at Twin Rivers master-planned community. 

Heartis Waco will feature a bistro, internet cafe and fitness center, along with a host of other amenities including a salon and spa with a therapeutic tub, two interior courtyards, a large dining room and private dining room, an arts and crafts room, as well as a media room. 

The community is being developed and will be owned by Caddis, and managed by Portland, Ore.-based Frontier Management.

The architect for the project is Austin, Texas-based Katus LLC and the general contractor is Cameron, Texas-based EBCO General Contractor Ltd. Construction. American National Bank of Texas provided construction debt financing for the project. 

Planned for completion in late 2015, Heartis Waco is the second of three Heartis communities currently under development that will be managed by Frontier.  

Maplewood Senior Living Breaks Ground in Ohio

Following a groundbreaking ceremony last month, Westport, Conn.-based Maplewood Senior Living is officially underway on construction for its newest assisted living and memory care community in Cuyahoga Falls, Ohio. 

The 61,500-square-foot property will be known as Maplewood at Cuyahoga Falls. The one-story, 72-unit community is scheduled to open in fall 2015 and will cater to residents living with dementia who need assistance in daily living. 

The community will feature signature amenities such as two central courtyards, common living spaces organized like a home setting including covered porches, a theater room, pub with a game room, a four-season room as a conservatory, libraries, a bistro, a Wellness Center, as well as spas and outdoor gardens and terraces. 

Ohio is home to an existing Maplewood assisted living and memory care community in Chardon, and the company has future development plans in the state for Twinsburg and North Ridgeville. 

Maplewood recently opened an assisted living community in Bethel, Conn.

Pinkard Construction Underway on Colorado Memory Care Project

Lakewood, Colo.-based Pinkard Construction, along with several project partners, broke ground recently on the newest Villagio Senior Living community in Broomfield, Colo. 

The project is a 51-unit “Memory Care Continuum” designed by utilizing the latest in resident care philosophies and environmental design.

Villagio communities focus on a spacious home-like feel with an abundance of natural light, designed to keep residents involved and active.

Blackwood Development, Choice Capital Partners and Van Tilburg, Banvard & Soderbergh Architects are also working on the development alongside Pinkard and Villagio. 

The community is expected to open fall 2015. 

Omega Communities Preps Groundbreaking for New Florida Project 

On December 14, Birmingham, Ala.-based developer Omega Communities will celebrate the groundbreaking for one of its latest projects, an assisted living and memory care community located in Sarasota, Fla. 

The 90,000-square-foot Fountains of Hope Assisted Living & Memory Care community will offer 106 residences on a 10-acre parcel on the campus of the Church of Hope. 

In addition to an official ribbon-cutting, Omega Communities will showcase the purpose-driven features and amenities of the facility, including dining areas, outdoor patios, outdoor courtyards and private residences. 

Construction of the community will create between 150 to 200 jobs for the Sarasota area, Omega said. Upon completion, the facility will then require a staff of over 100 full-time employees.

Texas Star Assisted Living to Open in Allen, TX in 2015

Texas Star Assisted Living will provide 67 assisted living apartments and 25 memory care units to residents living in Allen, Texas upon its completion in June 2015. 

The facility will be located on 7.5-acres of land within close proximity to the Medical Center of McKinney, Highway 75 and Watters Creek dining and shopping center. 

Designed to provide seniors a lifestyle that promotes independence within a home-like setting, Texas Star will provide a variety of services and amenities, including public and private dining rooms as well as a coffee and snack bar, a physical therapy room, library and computer room and a theater room. Residents will also be able to access the community’s landscaped grounds that feature three interior courtyards and a walking path. 

Civitas Senior Living, of the Dallas-Fort Worth area, will manage Texas Star upon its opening. Grapevine, Texas-based Rosco Construction, Inc. is the builder.

Construction: Completed

LTC Properties Completes, Opens $23.5 Million SNF in Kentucky

Westlake Village, Calif.-based real estate investment trust LTC Properties, Inc. (NYSE: LTC) announced today the completion and opening of a 143-bed transitional care rehabilitation and nursing facility in Coldspring, K.y.

The $23.5 million community is leased to affiliates of Carespring Health Care Management under an existing master lease and will serve the greater Cincinnati metropolitan area.

Carespring Health Care Management is an independent, locally run senior living organization with 11 facilities throughout Southwest Ohio and Northern Kentucky. Its services include nursing care, rehabilitation, respite care, assisted and independent living, hospice and Alzheimer’s care.

The Kalyvas Group Holds Housewarming for New Assisted Living Opening

Florida-based real estate firm The Kalyvas Group last month held a special housewarming event to celebrate the grand opening of Seasons Belleair, an assisted living and memory care community in Belleair, Fla. 

The community is the latest addition to the Seasons family of assisted living and memory care communities designed through consultation with the USF Health Byrd Alzheimer’s Institute. 

Day-to-day operations of Seasons Belleair will be handled by Autumn Senior Living, a development and management company also headquartered in Sarasota. 

Written by Jason Oliva

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