(Exterior of Trillium Woods, a $161 million CCRC now open in Plymouth, Minn.)
Douglas Wilson Companies to Launch First Senior Living Development
Signaling its entry into the senior living market, Douglas WIlson Companies (DWC) plans to break ground on its first assisted living and memory care community next year.
The inaugural project will be a 105-unit community in San Diego County’s Eastlake Region, for which DWC expects to begin construction in the first quarter of 2016.
The company views the senior living development market as a strategic opportunity to serve a growing demographic for the aging population in greater San Diego and beyond, according to a statement from DWC.
DWC has selected Vancouver, Wash.-based Milestone Retirement Communities LLC as its management partner on the development. To date, Milestone operates more than 30 senior living properties spanning 3,000 units nationwide—seven of which are located in California.
Cushman & Wakefield has been retained as strategic advisor in the operating partner selection and capital markets brokerage for procurement of joint venture equity and financing of the property.
Project completion is slated for the second quarter of 2017.
$52 Million Upscale Expansion Planned at Ohio Senior Living Community
Life Enriching Communities (LEC), a senior living provider in the Cincinnati area, is planning a $52 million expansion that will add more independent living residents, as well as “much needed” memory care services to its Twin Lakes Senior Living Community in Montgomery, Ohio.
LEC expects to begin construction at the campus in early summer 2014 with an estimated completion slated for late 2017.
The project will include the addition of approximately 45 apartments for independent living, along with a casual dining venue, community room/auditorium and retail development, LEC announced on its webpage.
Expansion plans also call for the construction of a new building to accommodate 56 memory support assisted living residences with two levels of service for individuals with mild-to-moderate cognitive impairment, while the other will serve those with moderate-to-severe cognitive impairment.
Twin Lakes is partnering with CR architecture + design and Danis Building Construction for the design and construction of the expansion project and subsequent renovations to the community’s existing therapy and nursing care areas.
Construction: In process
Edgemere CCRC Breaks Ground on $36 Million Expansion
Edgemere, a Dallas continuing care retirement community (CCRC), recently held a ceremonial groundbreaking to commemorate the start of a $36 million renovation and expansion project.
The first phase of the project involves the addition of a 6,000-square-foot performing arts center that will be located in the community’s center courtyard. The new addition will feature a bar and lounge, arched ceilings with exposed wooden beams, and a stage for speakers and performers.
An extensive renovation is also planned for two dining venues at the CCRC that, when finished, will have the look and feel of authentic Italian restaurants, according to Senior Quality Lifestyles Corporation, a Texas-based nonprofit that sponsors Edgemere.
Upon completion, which is scheduled for the first quarter of 2018, the expansion project will add more than 75,000-square-feet to the community, including extensive expansion of The Plaza at Edgemere.
Plans also include adding eight new assisted living apartment homes, 12 new memory support suites and 15 new skilled nursing private suites.
Currently, Edgemere has 304 independent living apartments, 60 assisted living apartments, 31 memory care suites and 72 private skilled nursing suites.
Spectrum Bringing Luxury Senior Living to Austin Market
Denver-based Spectrum Retirement Communities is entering the Texas senior living market with a luxury project that is currently under construction.
Slated to open in 2017, Lakeway Senior Living will be a 150,000-square-foot community located on nearly six acres in the Lakeway Regional Medical Center complex, which sits directly north of Lake Travis High School in Austin.
The three-story community will offer 140 well-appointed residences, ranging in size from studio apartments to two-bedroom units. In terms of amenities, residents will be able to take advantage of chef-prepared dining, Colors of Spectrum wellness programs and entertainment activities.
Lakeway Senior Living aims to cater to residents with an active lifestyle and will include a flexible month-to-month leasing programs.
Frampton Construction Secures Contract to Build S.C. Senior Living Facility
Frampton Construction Company, LLC, a regional full-service construction firm with offices in Charleston, S.C., and Charlotte, N.C., recently secured a contract to build a new assisted living and memory care community with Ridgeland, Miss.-based Cardinal Ventures in Elgin, S.C.
The Blake at Woodcreek Farms will be a two-story, 100-unit Class A facility featuring a commercial kitchen and dining room, a physical and occupational therapy center, salon and massage services, along with multiple recreational areas.
Frampton signed a contract with Cardinal Ventures in August and subsequently broke ground in September. The Blake at Woodcreek Farms is expected to open in the fall of 2016.
The development allows The Blake, which has other locations in Alabama, Florida, Louisiana and Mississippi, now brings its concept of southern sensibilities and care to the South Carolina market.
The community will be managed by Blake Management Group, LLC.
Developers Begin Construction of Assisted Living Project in Ga.
Calif.-based developer Griffin Real Estate Management, which has a division office in Atlanta, is teaming up with Canyon Partners Real Estate LLC to build an assisted living and memory care community in Roswell, Ga.
The Georgian Lakeside will be a 95-unit community (70 AL and 25 MC) that is scheduled to open in spring of 2016. The three-story community will incorporate regal Georgian architecture at its location overlooking a five-acre lake.
Residents at the community will be able to enjoy amenities and features, including multiple dining venues, a theater room, private hair salon, library, physical therapy and private doctors’ examination rooms, along with several activity rooms and an exercise facility.
The Georgian Lakeside is the second property Canyon will develop with Griffin Real Estate Management. In 2013, Canyon provided a senior construction loan to finance the construction of a multifamily community, Viano at Riverwalk in Riverside, Calif. Construction of this 264-unit development was completed earlier this year.
Atlanta-based Thrive Senior Living will provide operating and consulting services to the property.
The community will be located at 1070 Hardscrabble Road in Roswell, Ga.
Erickson Living Underway on IL Construction at Houston CCRC
Come fall of 2016, a new independent living building will be open to residents at Eagle’s Trace, a CCRC operated by Erickson Living in Houston.
Construction is currently underway on the new residential building, which has been dubbed Amarillo Terrace.
Project plans call for 108 residences replete with stainless steel appliances, granite countertops, along with the option of screened-in porches and patios.
Residents will also be able to access a new media room, fitness center and additional meeting space within the new building.
Another major component of the new building is the planned upscale dining venues that will feature a restaurant with a spacious dining room, a lounge for happy hour and outdoor patio dining.
A climate controlled walkway will connect Amarillo Terrace to the main clubhouse of Eagle’s Trace, which houses services such as the community’s medical center, convenience store, salon and bank.
Additionally, the continuing care neighborhood at the CCRC provides 112 residences offering assisted living, memory care, post-acute rehabilitation and nursing care services.
Texas-based JHP Architecture is the project architect for Amarillo Terrace and Whiting Turner is the general contractor.
Construction Nears Completion on Staten Island Senior Living Project
The Brielle at Seaview, a senior living community currently under construction in New York’s Staten Island neighborhood of Willowbrook, is nearing its completion.
The 103,000-square-foot community is being developed by the Metropolitan Council on Jewish Poverty and will be managed by FilBen Group.
When complete, The Brielle at Seaview will provide 122 fully-furnished single and double units at the community’s 10-acre hilltop site located on the Seaview Senior Living Campus at 140 Friendship Lane.
Also upon completion, the campus will include The Commons, a 10,000-square-foot recreational facility and overnight accommodations for residents’ guests.
The Met Council and FilBen Group declined to disclose the development costs of the project.
$161 Million Trillium Woods CCRC Welcomes Residents
LCS and Westminster Capital are the joint-venture partners and owners of Trillium Woods, a $161 million CCRC development that recently opened in Plymouth, Minn.
The expansive campus sprawls across 46 acres, incorporating the surrounding wooded landscape into a distinctive design that blends a prairie-style with a comfortable living environment. Complementing its natural setting, Trillium Woods also offers views of Lakes Pomerleau and Camelot.
Trillium Woods offers 209 independent living residences and an on-site health center, The Birches at Trillium Woods Health Center, which features 44 private suites providing assisted living, memory care and skilled nursing.
Within the independent living housing component, residents have the option to choose from 14 different floor plans, ranging from one-bedroom and two-bedroom-plus-den apartment homes, to duplex-style garden homes offering large open floor plans.
All residences include patios or balconies and range from approximately 784- to 2,277-square-feet.
Community amenities include a clubhouse, convenience store, postal service, on-site banking, fitness center with personalized wellness plans and rehabilitation center, a library, fireside lounges, barbershop, spa and salon, chapel, auditorium, restaurant-style dining, which includes a café, cocktail lounge.
Also included is an indoor pool, outdoor terrace and nature trails that link with the Three Rivers Park District and Northwest Greenway Trail systems.
Trillium Woods offers residents a financial plan that provides a minimum of 50% or 80% refund of their entrance payment no matter the length of residence, the CCRC stated in an announcement of its opening.
Residents who choose an apartment home or garden home will pay a one-time entrance fee ranging from $296,600 to $1.084 million, and a first-person monthly fee ranging from $3,072 to $4,737 that is all inclusive, including future long-term care.
Rice Fergus Miller of Bremerton, Wash. designed Trillium Woods. The Weitz Company of Des Moines, Iowa, served as the general contractor.
Written by Jason Oliva
Companies featured in this article:
Blake Management Group, Canyon Partners Real Estate, Cardinal Ventures, Douglas Wilson Companies, Erickson Living, FilBen Group, Griffin Real Estate Management, LCS, Life Enriching Communities, Milestone Retirement Communities, Senior Quality Lifestyles Corporation, Spectrum Retirement Communities, Thrive Senior Living, Westminster Capital