Summerlin Asset Management Plans 2016 Groundbreaking for 135-Unit IL Project
Summerlin Asset Management, a real estate investment company with offices in Lake Havasu City, Ariz. and Irvine, Calif., plans to break ground on a 135-unit independent living community in Houston during the first quarter of 2016.
Architectural plans include 160,000 square feet of living space and will also include 30 single car garages, 30 covered parking spaces with plans for additional covered parking.
Amenities will include a 1,200 square foot state-of-the-art movie theater; a pool and shaded deck; a 1,950 square foot restaurant, exterior dining option with fireplace; BBQ grill; a salon/spa; multipurpose room; ATM banning center; community living and dining areas for each floor; and a bistro offering casual dining along with beer and wine.
The project site is in close proximity to North Cypress Medical Center.
For the project, Summerlin has retrained architect REES Associates Inc.
Construction: In process
Brookdale Expanding Memory Care at Two Georgia Communities
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In response to a projected growing need for Alzheimer’s care in Georgia over the next decade, Brookdale Senior Living (NYSE: BKD) is expanding the memory care capacity at two of its communities in Roswell.
The combined $9.5 million investment for the two expansions will create over 30 new jobs, including care, activities, culinary, programming, among other positions at the communities, Brookdale stated in a release this week.
Brookdale Roswell is constructing an $8 million single-story building that will offer memory care services to 36 people with dementia in 34 apartments. The expansion is scheduled to be finished by spring 2016.
Located at 1000 Applewood Dr., Brookdale Roswell’s campus spans 32 acres and already offers independent living villas, as well as independent and assisted living apartments.
The other expansion is happening at Brookdale Historic Roswell, which is located at 75 Magnolia St. For this project, Brookdale is investing $1.5 million to dedicate an entire floor for the community’s Alzheimer’s and dementia care program. The expansion will increase the number of dementia care apartments from the current capacity of 19 to 34 units.
Additionally, the community dining room is also being expanded, along with a state-of-the-art spa, more programming and common areas that will also be added.
Brookdale expects the expansion work to be completed by the end of the year at the Historic Roswell community, which also offers 58 assisted living apartments.
By 2025, the Alzheimer’s Association projects 190,000 Georgians will have Alzheimer’s, compared with 130,000 currently.
Northbridge Companies Acquires Maine Community to Further Senior Living Expansion
Northbridge Companies, a developer, owner and manager of senior living communities throughout New England, this week announced it has invested in the acquisition of a senior living property in Brunswick, Maine.
The acquisition of Sunnybrook Village Senior Community arrives on the heels of Northbridge Companies breaking ground on three new Maine senior living communities in Brunswick, Wells and Westbrook last month—two of which are fully dedicated to memory care.
Sunnybrook Village is a multi-level community featuring 51 studio, one- and two-bedroom apartments. The community also offers an array of amenities, including individually controlled heat and air conditioning, telephone, computer, cable TV connections, kitchenettes and some units offering balcony pond views.
The community sits down the street from Midcoast Maine Hospital, and just two miles form the forthcoming Avita of Brunswick memory care residence.
Northbridge Companies plans to introduce its signature lifestyle services to the community, including a brain gym with touch screen technology, a locally sourced menu from the community’s Eat Fresh, Eat Local kitchen, and many social and recreational programs.
The company has recently committed over $65 million for the three new communities slated to open in Maine by fall 2016, in addition to the newly acquired Sunnybrook Village.
Winter Construction Breaks Ground at Canterfield of Bluffton Senior Living in S.C.
Atlanta-based general contractor Winter Construction this week announced it has begun building the new Canterfield Senior Living community in Bluffton, South Carolina.
Canterfield Senior Living will include three floors and 74,000 square feet of total space. The new community will add a luxury facility to the retirement community region, where Bluffton and the surrounding Lowcountry region is known for its growing retirement communities, lower cost of living and historic settings, Winter said in a release.
Medical Development Corp., also based in Atlanta, selected Winter to build the first phase of the new Canterfield community in Bluffton, and similar facilities in Kennesaw, Ga. and Franklin, Tenn. The expected completion date for the first phase of these facilities is fall 2016, according to a release from Winter.
Atlanta-based architecture firm Corcoran Ota Group designed the Canterfield model with construction pricing efficiency in mind. Future maintenance cost-reduction is also a primary focus of initial building design, Winter said.
Harrison Street, Engel Burman Group Partner on $70 Million Projects
Chicago-based Harrison Street Real Estate Capital and New York-based Engel Burman Group are partnering to develop two senior housing communities totaling more than 230 units on Long Island at an estimated cost of well over $70 million, reports Mutli-Housing News.
The two developments will be located in Holtsville, N.Y. and Lake Success, N.Y.
The Bristal at Holtsville will be built on a 5.9 acre site near Exit 63, off the Long Island Exchange Service. This $40 million, 120,000 square foot property will feature 146 units of assisted living and memory care.
Meanwhile, The Bristal at Lake Success is estimated at $33.5 million. The 90,000 square foot property plans to offer 88 units exclusively for residents with Alzheimer’s and other forms of cognitive impairment.
Engel Burman Group will manage both developments upon their completion.
Pathway Senior Living Breaks Ground on Illinois Assisted Living Project
Chicago-based Pathway Senior Living recently broke ground on a new assisted living community in Westmont, Ill., reports the Chicago Tribune.
Construction calls for a three-story, 119,247 square foot building that will include 75 studio, one-bedroom and two-bedroom apartments, and another 34 memory care studios. Dining rooms, activity rooms, a library, a chapel and outdoor walking paths will also be included.
Pathway anticipates a 12 to 14 month construction period, according to comments made by company Principal and Co-President Robert Helle in the Tribune article.
LCB Senior Living Opens Two New Mass. Communities
Norwood, Mass.-based LCB Senior Living recently celebrated the openings of two new senior living communities in Easton and Ashland, Mass.
On Wednesday, The Residence at Valley Farm, located at 369 Pond Street in Ashland, hosted a grand opening for the community that includes 80 apartments of independent, assisted and memory care living options. The new community will create more than 70 permanent jobs and more than 50 construction jobs.
In Easton, LCB Senior Living recently welcomed the first residents to The Residence at Five Corners, a new independent, assisted living and memory care community located at 678 Depot Street.
The Residence includes 84 apartments, among them a mix of studio, one- and two-bedroom floor plans.
Harbor Retirement Associates Hosts Grand Opening for Wis. Community
Newly constructed HarborChase of Shorewood, a new senior living community in Shorewood, Wis., celebrated its grand opening this week.
The community, designed by Direct Supply Aptura in partnership with Harbor Retirement Associates (HRA), features an urban lodge design, along with local Shorewood-inspired artwork and contemporary styling that embraces the surrounding area, such as locally reclaimed wood and unique iron details that pay homage to the iron work on the nearby Milwaukee River footbridge.
The Goodman Group Celebrates Opening of Calif. Memory Care Community
Chaska, Minn.-based The Goodman Group this week celebrated the opening of Pearl Garden, a 19-residence memory care community in Los Alamitos, Calif.
Pearl Garden is part of the Katella Senior Living Community, which now offers memory care as well as independent and assisted living. The community offers large rooms with private bathrooms, 24.7 nursing, and amenities that include an outdoor patio, spa room and personalized care plans.
Katella residents will be supported by the close proximity of skilled nursing and rehabilitation services via Alamitos West Health Care Center, which lies on the same campus and is also managed by The Goodman Group.
Katella Senior Living is located at 3952 Katella Avenue in Los Alamitos.
Written by Jason Oliva
Companies featured in this article:
Brookdale Senior Living, Direct Supply Aptura, Engel Burman Group, Harbor Retirement Associates, Harrison Street Real Estate Capital, LCB Senior Living, Medical Development Corp., Northbridge Companies, Pathway Senior Living, Summerlin Asset Management, The Goodman Group, Winter Construction