In the Pipeline: Senior Housing Construction Projects (3/12/15)

Construction: Planned

Senior Lifestyle Corp. to Break Ground on New Fla. Community

Chicago-based Senior Lifestyle Corporation announced last week it will break ground this spring on its newest community, The Sheridan at Cooper City, a 111-unit assisted living and memory care facility in Cooper City, Fla.

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The Sheridan at Cooper City will feature 72 assisted living and 39 memory care apartments. Residents will also have access to 20,000 square feet of common space with dining rooms, living rooms, and Internet cafe, art studio, salon, fitness center and physical therapy spaces.

For the project, Senior Lifestyle Corp. is partnering with Formation Development Group of Alpharetta, Ga., an affiliation of Formation Capital. The development is financed by Texas Capital Bank and its development trust which funds housing projects for seniors.

When open in late 2016, The Sheridan at Cooper City will provide more than 75 full-time equivalent jobs with both full- and part-time positions added to the local economy.

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Bickford Senior Living Plans Assisted Living Community for Chicago Suburb

Olathe, Kan.-based Bickford Senior Living last week received a tentative approval for a new assisted living and memory care community in Tinley Park, a southwest suburb of Chicago, reports the Chicago Tribune.

Bickford’s plans call for a 60-bed, 37,000 square foot building, to be called Bickford of Tinley Park. The new community would have 44 assisted living beds and a separate 16-bed memory care wing.

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Located on seven acres, the Kansas-based company is purchasing about 19 acres, part of a former farm, though most of the land will not be developed initially.

Last week Bickford also received an initial OK to annex the land where its planned development would be located. The local village board is expected to vote on the annexation at a March 17 meeting.

Once land is annexed, the site would be zoned to allow for the assisted living community, while about 12 acres would be zoned for single-family homes on estate-sized lots, however, there are no near-term plans to build homes there.

Construction to Start this Summer on 227-Unit Senior Living Complex in Wisc.

Construction is expected to begin this summer on a 227-apartment senior housing project in Grafton, Wisc. following approval of a development agreement last week from local city officials, reports Milwaukee Business Journal.

The Village Point Commons Project, as the development has been dubbed, will be located near the site of Grafton’s former Manchester Mall. Waukesha, Wisc.-based Tarantino & Co. is the developer.

Project plans detail apartments for independent and assisted living to begin in June or July.

Construction: In process

Life Care Services Breaks Ground on $154.5 Million Expansion at Washington CCRC

Des Moines, Iowa-based Life Care Services has broken ground on a $154.5 million expansion at Timber Ridge at Talus, a continuing care retirement community (CCRC) in Issaquah, Wash.

The expansion, which is slated for completion in the fall of 2016, will add 145 independent living apartment homes, expand its on-site Briarwood Health Center with 26 assisted living and memory care apartments and add nine private transitional care sites. New community amenities will also be added as part of the expansion, including an indoor swimming pool and auditorium.

With the expansion of Phase II, residents will have the choice of 15 different apartment home floor plans, from one-bedroom and two-bedroom plus den apartment homes. All residences will feature patios or balconies offering scenic views and range from approximately 700- to 2,273 square feet.

Timber Ridge’s 184 Phase I apartment homes are currently 95% occupied. Phase II is already more than 80% reserved.

Built on 10 acres at Talus, a 630-acre master planned urban sanctuary situated at the base of Cougar Mountain, the CCRC’s setting embodies a distinct mountain lodge-style thought an abundance of wooden beams and natural stone that blends with the area’s scenic landscape. Generously-sized windows welcome a wealth of natural light, while wrap-around terraces, large stone fireplaces and trails add to the community’s lodge aesthetic.

Residents who choose an apartment home in Phase II at Timber Ridge will pay a one-time entrance fee starting from $339,000 and a first-person monthly fee beginning at $3,439, which is all-inclusive including the benefits of LifeCare.

LCS and Westminster Capital, a real estate investment management firm, are the joint-venture partners and owners of Timber Ridge at Talus. Funding for Phase II has been provided by National Health Investors (NYSE: NHI), a REIT headquartered in Tenn.

The general contractor for Phase II is The Weitz Company of Des Moines.

Construction Continues on $18.5 Million Fla. CCRC Cypress Cove

Construction on the $18.5 million Memory Care Residences at the Cypress Cove HealthPark Florida CCRC in Fort Myers continues to progress as the community works toward its anticipated completion in 2016.

The new 40,000 square foot, two-story memory care complex will feature four households, each with 11 private apartments offering specialized programming and support to Southwest Florida residents living with Alzheimer’s or other forms of dementia.

The addition of the Memory Care Residences joins Cypress Cove’s offerings, which currently serves approximately 550 residents on its 48-acres campus near HealthPark Medical Center.

Watercrest Senior Living Group Breaks Ground on Fla. Assisted Living Community

Watercrest Senior Living Group has broken ground on its Sebastian, Fla., community, Pelican Landing Assisted Living and Memory Care. Watercrest, the developer, owner and operator of the 65,000-square-foot, 89-unit senior living community, plans to open the building to residents in the spring of 2016.

Pelican Landing will feature 63 assisted living and 26 memory care apartments. Located in the heart of Sebastian, the neighboring area offers diverse workspaces, retail and entertainment centers, residential neighborhoods, the Sebastian River Medical Center, and a riverfront district with unobstructed views of the intra-coastal waterway.

Watercrest Senior Living Group specializes in the development and operations management of assisted living and memory care communities.

Atria Senior Living Community Finally Coming to Fruition 

After decades of setbacks, Atria Senior Living, along with other groups, have attended the symbolic groundbreaking of a 15-acre mixed-used development in Foster City, Calif. — a portion of which will hold a senior housing community, reports The Daily Journal.

The city sold its last remaining piece of undeveloped land for $30 million to the blanket developer The New Home Company in November 2013. Construction of the Foster Square site has been distributed piecemeal to varying developers and representatives from The New Home Company along with MidPen Housing, Lennar Homes of California and Atria Senior Living.

When completed, the site will host 155 assisted living units constructed by Atria, 66 affordable units produced by MidPen, 200 for-sale condominiums developed by Lennar, a community plaza and nearly 35,000 square feet of retail and commercial space.

Lennar is slated to begin construction next month followed by Atria beginning in June. Brian Olin, senior vice president of The New Home Company, said he anticipates the majority of the development to be finalized by the end of 2016.

The retail component will be mixed-use style with about 10,560 square feet below the 66 affordable housing units and another 20,400 square feet of space below the assisted living units, The Daily Journal reports.

Construction: Completed

Mainstreet, Trilogy Health Services Open Newest NextGen Facility

Carmel, Ind.-based developer Mainstreet and Louisville, Ky.-based Trilogy Health Services are celebrating their latest development, Harrison’s Crossing Health Campus, a new state-of-the-art post-acute care community in Terre Haute, Ind.

Harrison’s Crossing Health Campus, which celebrated a VIP ribbon-cutting last week‚ provides transitional care —short-stay rehabilitation and therapy — and assisted living in a service-rich environment.

With 102 beds and 68,000 square feet, Harrison’s Crossing boasts hospitality-oriented care with amenities such as a large gym, an outdoor rehabilitation courtyard, move theatre, game room, spa, on-site chef and more.

The project, which represents a total investment of $15 million in the community, created 317 construction jobs and 100 permanent jobs.

Construction on the facility began in November 2013 and the property is tentatively scheduled to open mid-March. Mainstreet developed the property and Trilogy Health Services operates it.

Harrison’s Crossing Health Campus was designed and developed in the same vein as Mainstreet’s Next Generation properties, which offers health care serves in a hospitality-driven, resort style setting.

LCB Senior Living Adds New Conn. Community to Growing New England Portfolio

Norwood, Mass.-based developer, operator and third-party manager LCB Senior Living has increased its presence in the New England area with last month’s opening of The Residence at South Windsor Farms located in South Windsor, Conn.

The first wave of residents have already moved into the new independent, assisted living and memory care community that offers seniors a sophisticated, country setting.

Located at the intersection of Deming Street and Buckland Road, The Residence at South Windsor Farms sits on a green, wooded parcel that once was part of Connecticut’s proud farming tradition.

The Residence at South Windsor Farms includes 80 independent, assisted living and memory care apartments.

Independent and assisted living residents at the community will have their own apartment with kitchenette and bath, along with 24-hour security, three gourmet meals prepared and served restaurant-style on-site, available laundry and cleaning services, a full activities program, building and grounds maintenance, along with a host of optional services.

The community also features LCB’s Reflections Memory Care services for residents with early stage Alzheimer’s disease and other memory impairments. In addition to the cognitive programming, Reflections also offers a secure environment with its own common areas, walking courtyard and other amenities.

All of the community’s programs benefit from LCB’s partnership with Harvard Medical School and Brigham & Women’s Hospital.

Cedar Hill Expansion Triples Space, Resident Capacity 

The Congress Companies has announced that the expansion to Windsor, Vermont-based The Village at Cedar Hill Continuing Care Community has been completed on schedule and is open for residents.

Designed by Mackenzie Architects of Burlington, Vt., the addition includes a 20-patient memory care unit and another 20 independent and assisted living apartments, tripling the space and resident capacity of the Cedar Hill community.

The original Village at Cedar Hill housed 21 one- and two-bedroom apartments and common areas in 17,854 square feet. This expansion added a full two levels and increased the square footage to 59,720.

Cedar Hill’s Memory Care Center is the first of its kind in the area. One entire floor of the addition is dedicated to care for those with Alzheimer’s disease and other forms of dementia with 12 private apartments and eight semi-private apartments.

Fully staffed and secure, it includes a large common area with a country kitchen, dining room, living room, multipurpose activity room, salon, greenhouse, art center and a secure outdoor garden area. The center also features solar tubes to capture natural sunlight, a whirlpool and an enclosed walking area.

The new wing for independent and assisted living adds more one- and two-bedroom and studio apartments to the community. Common areas include a living room, dining room, pub, activity room, fitness center, salon, library and computer center spaces.

Congress Building Corp. of Peabody, Mass., provided construction management services for the $10.6 million project.

Founded in 1988, Cedar Hill offers a continuum of care ranging from independent and assisted living to skilled nursing, rehabilitative and Alzheimer’s care, all on one campus. The community is owned by Mary Louise Sayles, a registered nurse and licensed nursing home administrator, and her daughter Patricia Horn, also a licensed nursing home administrator.

Written by Jason Oliva

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