In the Pipeline: Senior Housing Construction Projects (3/19/15)

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Construction: Planned

Carriage Hill Assisted Living to Break Ground Next Week

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Carriage Hill Assisted Living will break ground on a new assisted living facility in Madbury, New Hampshire on March 26, the company said in a release.

The 24-bed facility will feature architectural features in the style of a New England barn, living rooms, a music room, antique furnishings and other “homey” touches.

The intent of the design is meant to invoke a more intimate setting for Carriage Hill to provide a high degree elf care and attention, said Sara Nadeau, Carriage Hill’s president and administrator, in a written statement.

“It’s one of the few assisted living facilities in New Hampshire designed to be an intimate place where people can enjoy their lives, entertain family and friends and form new friendships,” she said.

Carriage Hill is a family-owned, family-managed facility. Along with the ground breaking later this month, the company will introduce a new website, which will offer details such as floor plans, pricing, services, amenities and other details.

Hawthorn Retirement Group Proposes 150-Unit Project in Maine

Vancouver, Wash.-based Hawthorn Retirement Group wants to build a 150-unit senior living community in Portland, Maine, on a site where the local City Council last year had rejected a proposal for a 96-unit condo development, reports Portland Press Herald.

Hawthorn submitted its project proposal to Portland’s planning office last week and is currently seeking a zoning text amendment to allow congregate housing on the 18-acre property. A hearing date before the Planning Board has not yet been set.

Project plans would include a four-story building built on 10 acres, with the remaining eight acres maintained as open space. In total, the footprint of the facility would be 40,000-square-feet.

Floor plans would include studio, one-bedroom and two-bedroom apartments that would rent for $1,995 to $4,100 per month—all-inclusive rates that would cover three daily meals served in a restaurant-style dining room, a live-in management team, weekly housekeeping and regular maintenance service.

The proposal from Hawthorn is one of several senior housing projects either proposed or under construction in Greater Portland, an area where growing demand is being fueled by Maine’s rapidly aging population.

According to the U.S. Census Bureau, Maine has the highest median age in the nation at 43.9 years, and the second-highest proportion of people age 65 and older—17.7%. Only Florida is higher at 18.6%.

San Diego Affordable Housing to Convert into Assisted Living 

The Palms, originally known as the Bay View Hotel in San Diego, is now embarking on a future as an assisted living facility, reports local NBC-7 San Diego.

In recent years, the building has provided affordable apartments, but a shift in more seniors with memory issues and other special needs in the area is prompting the conversion into assisted living.

However, before that happens, the building needs at least “a million dollars” in repairs and basic upgrades to be brought “up to code,” according to developers.

A re-purposing plan is proposing to invest $15 million in a renovation project, one that is built to state historical standards, to convert the Palms into a 70-unit facility that will offer both assisted living and memory care.

National Church Residences Plans 190-Unit Community in Ohio

Ohio-based not-for-profit senior housing provider National Church Residences is planning a 190-unit community in Westerville, Ohio, reports Columbus Business First.

Under the proposed plans, the National Church Residences Central College community would include 96 independent living apartments, 50 assisted living units with about half of them devoted to memory care, and a 22-bed nursing home within a four-story, 155,000-square-foot complex. Another 22 independent living units would be located in  one-story cottages on the campus.

No budget has yet been set for the project, which is slated to for a conceptual review before the Westerville Planning Commission for 10 acres that the non-profit NCR would buy from Central College Presbyterian Church.

Construction: In process

Primrose Retirement Community Expanding with 20-Unit Villa

Aberdeen, S.D.-based Primrose Retirement Communities is adding town homes and a clubhouse to one of its communities in Pueblo, Colo., reports The Pueblo Chieftain.

Expansion plans call for building a complex of 20 town homes and a clubhouse adjacent to the existing community’s 40 independent living and 40 assisted living apartments.

While the estimated development costs were not disclosed, the Pueblo Regional Building Department lists the construction value at $2.82 million.

Construction is expected to finish by late 2015.

Four Seasons-Inspired Assisted Living Community to Open Later this Month in N.Y.

A new luxury assisted living and memory care community plans to redefine retirement living in the New York area when it opens later this month.

The Ambassador is a collaboration between developer Amba P. Sharma; the architectural firm of Perkins Eastman Architects of Stamford, Conn.; Jasper Design of Massachusetts; and Solutions-Advisors, a management consultant fem specializing in senior housing community development.

The community offers 115 residents in a variety of floor plans, from studios to two-bedroom apartments, with 95 apartments dedicated to assisted living and 20 for memory care.

Located in Scarsdale, N.Y., The Ambassador’s architectural exterios draws from the residential character of the surrounding Scarsdale area and employs elements of Tudor Revival architectural style.

It’s seven-acre wooded site offered designers and developers the opportunity to create an estate-like ambiance to capitalize on the site’s secluded setting and natural surroundings.

The community’s interiors, furnishings and color schemes were inspired by the Four Seasons Hotels, as the development team sought to create interior similar to a grand mansion.

The Ambassador features  a performing arts center, movie theater and children’s playroom, signature restaurant, fine arts studio, full-service beauty salon and spa, living room and lounge with fireplaces.

Sharma, who has been involved in senior housing communities since the 1980s, was a partner in the luxury senior living community, The Bristal at North Hills on Long Island.

HJ Sims Provides Financing for 212-Unit Florida Project

HJ Sims is financing a new senior living community in Kissimmee, Fla., a project that involves Life Care Services and 55-plus community developer AV Homes, Inc. (NASDAQ: AVHI).

Tuscan Isle will be comprised of 120 independent living units, 56 assisted living units and 36 memory care units at its location immediately adjacent to Solivita, a residential age 55-plus community with more than 7,000 residents.

The independent living units will be housed in a four-story building, made up of one- and two-bedroom units ranging in size from 706- to 1,230-square-feet. Meanwhile, the assisted living units will consist of studios and one/two bedroom units ranging in size from 390- to 620-square-feet.

Memory care units will provide housing for 36 residents in private rooms, while common areas will offer space for dining, activities and a wide range of amenities.

The Tuscan Isle project, which began in January, has a planned completion date for spring 2016. Phase two of construction will incorporate a skilled nursing expansion.

The community has a preliminary shared services agreement with AV Homes, which developed the master-planned Solivita community.

Construction financing consisted of $40,645,000 tax-exempt bonds and $1,710,000 taxable bonds, making the total debt financing $42,355,000. The preferred equity consisted of taxable bonds for accredited investors, totaling $6.2 million.

The owners of Tuscan Isle include affiliates of Vieste Group, a program management and development services company from Chicago; HJ Sims Investments; Life Care Services; and Core Construction Group, a Fla.-based construction company.

United Group Breaking Ground on $23 Million N.Y. Development

Troy, N.Y.-based developer United Group is constructing its latest senior housing project, a $23 million, 148-unit development in Bethlehem, N.Y., reports Albany Business Review.

The community, dubbed Glenmont Abbey Village, is designed for active, independent adults age 55 and older, and is just one of similar projects United Group has in its pipeline.

Financed by $4.5 million in private equity the company raised last year and a loan from Berkshire Bank, the project is slated for completion by this fall.

Rochester, N.Y.-based LeChase Construction is the builder of Glenmont Abbey Village.

Luxury Assisted Living and Memory Care Coming to St. Louis County

Construction is now underway on Dougherty Ferry Assisted Living and Memory Care, a new community that aims to offer luxury at an affordable price in St. Louis.

Slated to open in early 2016, Dougherty Ferry Assisted Living and Memory Care is a project of Spectrum Retirement Communities, a Denver-based company developer, owner and operator of senior living communities across the U.S.

St. Louis-based Vessel Architecture & Design designed the community, while Catamount Constructors is the general contractor for the project.

The 80,000-square-foot community is located on the northwest corner of Dougherty Ferry and Big Bend roads. It will feature 65 assisted living and 32 memory care residences ranging in size from studio apartments to two-bedroom units.

Residents will be able to take advantage of the community’s amenities, which include chef-prepared dining, Colors of Spectrum wellness programs and entertainment activities — or access attractions in the surrounding area.

“Seniors and their families are looking for communities that cater to an active lifestyle, with a flexible leasing program, high-class amenities at an affordable price, and convenient access to the neighborhood,” said Jeff Kraus, managing director of Spectrum, in a written statement.

Spectrum Retirement Communities owns and operates 26 senior  living communities in 11 states. Now in its 10th year of operations, the company oversees more than 3,200 apartments and employs more than 1,700 staff. Spectrum currently has seven communities under construction and will manage 3,600 senior apartment homes by 2015.

Dougherty Ferry is Spectrum’s fifth community in the St. Louis metro area and the sixth in the state.

Construction: Completed

Erickson Living Opens New Dining Venue at Colorado CCRC

This week, Erickson Living announced it has opened a new upscale dining venue at its Wind Crest continuing care retirement community (CCRC) in Highlands Ranch, Colo.

The 80-seat, reservation-only Windows Restaurant serves a seasonal dinner menu with two daily chef specials. Guests dining at the new venue can take in views of the Denver skyline and Rocky Mountain Foothills. Inside, modern light fixtures hang from a vaulted two-story ceiling.

Windows adds to Wind Crest’s other dining options, Fireside Restaurant and the Fly’n B Cafe, a causal dining setting that offers short-order items such as salads, deli-style sandwiches and more.

Written by Jason Oliva

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