In the Pipeline: Senior Housing Construction Projects (1/22/15)

Construction Planned:

Trinity Courtyard Independent Living Announces Texas Facility Expansion

Trinity Courtyard and Wind River Management announced this week the planned addition of an assisted living and memory care facility at the Trinity Courtyard Independent Living community in Fort Worth, Texas.

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The expansion, which is set to break ground this fall, will occur minutes from the Texas Health Harris Methodist Hospital. The new facility will be limited to 56 assisted living units and 25 Alzheimer’s beds, in efforts to create a smaller, more intimate community that allows for more personalized levels of care, Trinity Courtyard stated in a release.

Amenities at the community will include an elegant dining room, coffee bar café, activity areas, fitness center 24-hour licensed nursing services, housekeeping and laundry services, personal transportation and assistance with activities of daily living.

Legacy Senior Services Plans Ground Breaking for New Ga. Community

Cleveland, Tenn.-based Legacy Senior Services, LLC, plans to break ground this year on a new 63-unit senior living community in Cumming, Ga., reports AccessNorthGA.com.

Dubbed Legacy Village at Vickery Creek, the 50,000 sq. ft. development will have an “equestrian look,” as it strives to maintain the theme and character of the surrounding community.

The facility will feature 31 studio and one-bedroom assisted living suites and another 32 units dedicated to The Harbor, a memory care unit.

Amenities will include a library, beauty/barber shop, large activity areas and meeting rooms, a chapel and an outdoor kitchen.

Crest View Senior Communities Expects Spring Groundbreaking for 152-Unit Facility

Crest View Senior Communities, a non-profit organizations based in Columbia Heights, Minn., recently received an extension from the Blaine City Council and Blaine Economic Development Authority to build a new campus in Blaine, Minn., reports ABC Newspapers.

This spring, the company plans to break ground on a new 152-unit campus that will include 66 independent living units, 51 assisted living units, 24 memory care units and 11 enhanced care suites.

The City of Blaine is assisting in the development by creating a 25-year Tax Increment Financing district. The annualized TIF benefit would be $268,000 once the property is fully completed and taxed starting in 2017.

In order to have funding in place for construction before the TIF revenue starts coming in, Crest View asked the city to issue up to $40 million in conduit revenue bonds in order to receive the city’s lower interest rate.

Construction In Process:

Sun Health Adding New Villas to Arizona Community, Future Expansion Ahead

Sun Health, a nonprofit senior care provider in Arizona, is in the midst of building two 36-unit villas on the 40-acre campus of The Colonnade, an independent living community in Surprise, Ariz., the organization announced this week.

In late 2014, the Sun Health Board approved $25.4 million in capital funding to construct two new independent living villas adjacent to two existing 36-unit villas at The Colonnade.

While the latest expansion at The Colonnade will include the two villas, Sun Health says future expansion plans will ultimately include a 24-unit assisted living residence; a 24-unit memory care residences; an 8,000 sq. ft. resort-style clubhouse with dining venues, recreational amenities, meeting places and outdoor activities.

Further construction would also see an improved main entrance to The Colonnade’s existing Pavilion, featuring more convenient resident and visitor pickup and drop-off.

The Colonnade currently contains 74 casitas, 72 villas and a 40,000 sq. ft. community facility containing two dining venues, meeting space, a fitness center, an indoor pool, among other amenities.

Construction on the two new villas is scheduled to be completed in early 2016.

The design-build team for the project consists of The Weitz Company (general contractor), Orcutt-Winslow Partnership (architect), HilgartWilson (civil engineering), Thoma-Holec Design (interior design) and Greey Pickett (landscape design).

Volunteers of America Break Ground on Minn. Expansion Project

Volunteers of America conducted a groundbreaking ceremony earlier this month to celebrate the start of construction to expand Homestead at Anoka, a senior living community in Anoka, Minn., reports ABC Newspapers.

The non-profit group will be expanding the community with 65 new independent living apartments and 24 assisted living and memory care apartments.

Work on the 150,000 sq. ft. expansion project is expected to be complete in the next 12 to 15 months.

Wakefield Beasley & Associates Designing $10.8 MM Assisted Living Facility in Ga. 

Alpharetta, Ga.-based firm Wakefield Beasley & Associates is currently designing Creekside Village Assisted Living Facility, the first of a multi-phase senior living development located in Smyrna, Ga.

Estimated at $10.9 million, the project will be a 78,500-sq. ft., three-story building with 108 rooms and a designated wing for memory care support.

Chief administrator for the facility is Regent Healthcare Development headquartered in Atlanta. The company anticipates a completion for September 2015.

Others involved with the project include Leppard Johnson & Associates from Tucker, Ga. as MEP engineer; structural engineer C&D Consulting Engineers; civil engineering handled by Paul Lee Consulting Engineering Associates, Inc. of Powder Springs, Ga.; and interior design by WB Interiors.

Symphony Senior Communities Breaks Ground on $53 Million Campus

Symphony Senior Communities, LLC, an Atlanta-based developer and operator of luxury senior housing communities, announced this week the Phase I groundbreaking for their flagship Symphony at Eagle’s Landing Senior Community located in Eagle’s Landing, Stockbridge, Ga.

Located in a country club residential setting, the $53 million campus sits on 53 acres of wooded property. At 244,000 sq. ft., the community will contain 189 units across independent, assisted living and memory care housing types.

Symphony will create a resort-styel experience, with amenities includes a specially designed spa and indoor pool as well as a concert hall. Wellness facilities will include rehabilitation, a medispa and workout studio.

In the same vein focused on wellness, Symphony Senior Communities has partnered with Emory Healthcare to operate an on-site clinic.

Architectural design is provided by THW Design based in Atlanta. Symphony anticipates the community will be complete within 15 months of construction.

MedProperties Holdings, The LaSalle Group Raise Funds to Develop 4 Memory Care Communities

A joint venture between Dallas-based private equity firm MedProperties Holdings, LLC, and Irving, Texas-based The LaSalle Group is developing four memory care communities Kansas, Georgia, South Carolina and Florida.

All of the communities will be one-story, 37,500 sq. ft. with 54 beds and will be operated by The LaSalle Group upon completion under the company’s Autumn Leaves brand.

The new projects, which will be developed in Overland Park, Kan.; Alpharetta, Ga.; Greenville, S.C.; and Estero, Fla.; are slated to open in about 12 months, the companies stated in a release.

Autumn Leaves of Overland Park will be located immediately adjacent to Nottingham by the Green Golf Course community and within three miles of Overland Park Regional Medical Center. and the University of Kansas Cancer Center.

Autumn Leaves of Windward in Alpharetta, will reside in the business corridor near Webb Bridge Pointe and North Point Parkway. The area already includes the Windward Golf and Country Club and the Windward Planned Unit Development.

Autumn Leaves of Greenville will be located in the Haywood Mall and Pelham Road area, a site centrally located within Greenville that also benefits from proximity to the Greenville Health System Medical Campus and the Bon Secours St. Francis Health System Campus.

Autumn Leaves of Estero is slated to sit within a 12,800 sq. ft. master-planned development across from the planned upscale Coconut Point Mall.

MedPropeties and The LaSalle Group did not disclose development costs.

MedProperties’ first $50 million discretionary investment fund was deployed into 12 investments in 19 healthcare facilities, and its second fund, the $150 million MedProperties Investment Partners LP, has invested in eight facilities.

Based on the success of the MedProperties Senior Housing Fund I LP, the firm is already making plans to launch another dedicated senior housing fund later this year.

Construction Completed:

Erickson Living Completes Latest Expansion at Ashby Ponds CCRC

Last week, Erickson Living officially introduced Hickory Glen, the newest residential building on its Ashby Ponds continuing care retirement community (CCRC) campus in Ashburn, Va.

Residents have already begin to move into their new homes at the community’s eighth independent living building, which features 68 independent living apartment homes with 14 different floor plans varying in size among one- and two-bedroom layouts.

Furnished with amenities such as stainless steel kitchen appliances, granite countertops and upgraded lighting and flooring options, the units also offer an outdoor living space with a screened-in porch or a patio.

Coming this spring, Erickson will introduce Great Oak Clubhouse, the second community building at Ashby Ponds. The 20,000 sq. ft. structure will feature a performing arts theater, a banquet room, reading room, art studio and gallery, additional classrooms and a new control room for the community’s in-house television station.

Additionally, a new café will provide for a fifth dining venue on the Ashby Ponds campus.

Mainstreet, Trilogy Health Services Celebrate New Transitional Care Center

Mainstreet and Trilogy Health Services are celebrating the completion of their latest Next Generation joint venture, The Springs at Lafayette.

Located on the site of the former Home Hospital in Lafayette, Ind., The Springs at Lafayette provides transitional care —short-stay rehabilitation and therapy—and assisted living.

Within its 66,786 sq. ft. structure, the facility houses 100 beds and boasts a variety of hospitality-oriented amenities, including a therapy gym, outdoor rehabilitation courtyard, a movie theatre, game room, spa, on-site chef and more.

The project represents a total investment of $14 million in the community, Mainstreet said in a release.

Construction began on The Springs at Lafayette in April 2014 and the property is tentatively scheduled to open by the first week of February.

Carmel, Ind.-based Mainstreet developed and owns The Springs at Lafayette, and Trilogy operates it. The company offers independent, assisted living, skilled nursing and rehabilitative services in 89 senior living communities throughout Indiana, Ohio, Kentucky and Michigan.

Written by Jason Oliva

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