In the Pipeline: Senior Housing Construction Projects (4/16/15)

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Construction: Planned

CA Ventures Planning Assisted Living Project in Kansas City Area

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Chicago-based real estate investment, development and management firm CA Ventures gained approval from the Overland Park Planning Commission this week for a special-use permit and final development plan for a 116-bed assisted living facility it plans to build within a $350 million mixed-use development, reports Kansas City Business Journal.

The three-story facility would be located at Indian Creek Parkway and Switzer Road in Overland Park, Kan. The Overland Park City Council is scheduled to act on the planning commission’s recommendations by May 4, with CA Ventures planning to begin construction soon thereafter.

Within the CityPlace mixed-use development, the CA Ventures facility will be part of a 90-acre project expected to include 1,382 apartment units; 600,250 sq. ft. of office space and 39,860 sq. ft. of retail space.

The CityPlace project is the company’s second senior living community in the Kansas City area. Currently, CA Ventures is converting a former Holiday Inn Express in Olathe, Kan., into a 135-room facility with 75 assisted living units and 60 memory care units.

N.Y. Convent Slated for $50 Million Mixed-Use, Senior Housing Renovation

The former Immaculate Conception Convent in Hamburg, N.Y., is slated to become a mixed-use development of market-rate apartments, town homes, retail space and an assisted living facility, reports The Buffalo News.

The property was acquired earlier this month by Sinatra & Company Real Estate, Ontario Specialty Contracting and Nanco Inc., the group paying $1.25 million for the 18.5 acre wooded property.

Formerly home to the Franciscan Sisters of St. Joseph Motherhouse, the property has been vacant since the sisters moved across the street to a newer convent.

While the final construction costs have yet to be determined, the project could easily run $25 million to $50 million, according to one person involved in the project.

Developers are planning a combo of rental apartments in the existing structure’s main building, while also seeking to lease the rear facility to a company that specializes in assisted living.

“The existing building is well-suited to that type of subdivision,” said Phil Nanula of Nanco Inc. in the article.

Singh Development Plans Second Waltonwood CCRC for Va.

With one Virginia continuing care retirement community (CCRC) nearing its opening in Ashburn, Va., Singh Development plans to build another CCRC under its Waltonwood senior living brand in South Riding, Va., reports Leesburg Today.

The Loudoun Board of Supervisors approved the permit Wednesday for Singh’s plans to build 233 units, which would include up to 147 congregate living facility units, up to 62 adult assisted living units, 22 nursing home units—all on 19.5 acres at Tall Cedars Parkway and East Gate View Drive.

A construction start date was not disclosed.

Santé Operations Plan June Groundbreaking for $24 Million Rehab Center

Phoenix-based senior housing and post-acute care provider Santé Operations plans to break ground in June on a new $24 million transitional rehabilitation center in the Tucson area, reports Tucson.com.

The two-story facility will encompass 68,000 sq. ft. with 87 patient units and 89 beds, as well as a secured memory care wing with a dining area and rehabilitation gym.

When complete by April 2016, Santé of Tucson will offer skilled nursing, home health care, transitional rehabilitation and in-home hospice services.

Landstar Development Group Seeking Entitlements for 161-Acre Project 

Desert Hot Springs, Calif.-based Landstar Development Group is currently seeking entitlements for a 161-acre senior living development in the Coachella Valley.

A project more than a year in the making, The Foothills community looks to encompass over 1,500 units of independent living, assisted living and memory care. At a minimum, Landstar is focused on developing 300-700 units, the company said in a release issued this week.

Landstar Development CEO Walter Luce is currently working with engineers and local authorities for a conclusion of what entitlements will be grated for the massive project.

“The company looks forward to a conclusion of where the projected project stands after the land planning and architects submit the much anticipated master plan,” Landstar stated in the release.

Construction: In process

Sunset Retirement Communities Building $17 Million Rehab Center

Mich.-based Sunset Retirement Communities & Services announced this week the groundbreaking of Waterford Rehab Center, a 70,000 sq. ft. addition to its Waterford Place campus in Jenison, Mich.

Upon its completion this August, Waterford Rehab Center will add 75 new jobs to the market, along with 40 short-term rehabilitation beds, which Sunset notes will be the first skilled nursing beds to ever be built in Georgetown Township.

“We are in the process of addressing the need in the township for short-term rehabilitation, by building a state-of-the-art healthcare addition and providing much-needed jobs for community members. A win-win situation for all,” said Steve Zuiderveen, CEO of Sunset Retirement Communities & Services, in a written statement.

The first floor rehab unit will include 40 private rooms with private baths, while the second floor will feature 24 assisted living homes, ranging in size from 330- to 725-sq. ft.

Other amenities include a pool designed for rehabilitation, exercise and recreation with a resistance jet for simulated lap swimming, a bathing spa, a full-service beauty salon, an expanded kitchen with full culinary capacity, a bank, a resident computer lab, a rooftop patio and a medical treatment room.

The project’s managing architect is Grand Rapids, Mich.-based Progressive AE. Waterford Rehab Center construction is a joint venture between the Christman Company and Elzinga-Volkers.

Sun Health Investing $100 Million to Renovate Three Senior Living Campuses

Sun City West, Ariz.-based Sun Health is spending upwards of $100 million to renovate three of its life care campuses in the West Valley, reports Phoenix Business Journal.

Among the projects slated for renovation include a 20-sutie residence at Sun Health’s Grandview Terrace Health and Rehabilitation in Sun City West—a new private residence that will add to the community’s existing 16-suite memory support residence that opened last December.

The Weitz Co. is general contractor, Orcutt-Winslow Partnership is the architect, HilgartWilson is the civil engineering firm and Thoma-Holec Design is providing interior design services.

Additional plans call for adding to Sun Health’s La Loma Village in Litchfield Park, for which Vern Swaback and Swaback Partners are working on an updated master plan for 300 acres on the community’s campus.

Construction: Completed

Four-Seasons Inspired Assisted Living Facility to Open in N.Y.

The Ambassador assisted living facility in Scarsdale, N.Y., is ready for residents to move into the Four Seasons-inspired senior living community come next month, reports lohud.

The $45 million development expects its first 30-40 residents to move in by the end of May, with a grand opening event tentatively scheduled for June.

Designed by Perkins Eastman, The Ambassador sits on a seven acre property and is intended to provide a luxury resort setting within its three-story confines that features 95 studio to two-bedroom apartments for assisted living, plus 20 memory care apartments.

Monthly rates for studio accommodations start at $5,950 for rent, meals and services.

Officials Host Ribbon Cutting for Maryland Affordable Senior Housing Project

On Friday, April 17, North Street Senior Apartments will officially open its doors in Elkton, Md., following a ribbon-cutting ceremony with project partners and state officials.

Formerly a county jail, the new $11 million affordable senior housing complex has undergone extensive renovations to bring 53 apartments to seniors age 62 and over in the Elkton community.

Project partners included nonprofit real estate developer The Community Builders, Inc. and Home Partnership, Inc. of Cecil County, an organization that works to provide adorable housing solutions to a broad spectrum of individuals and families.

Headquartered in Boston, with hubs in Chicago and Washington, D.C., The Community Builders today owns or manages 11,000 apartments in 14 states.

Written by Jason Oliva

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