Abby Development Plans $40 Million Texas Senior Living Community
Dallas-based developer, owner and operator of luxury senior housing communities, Abby Development, this week announced plans to build a new project in Baytown, Texas.
Dubbed Arabella of Baytown, the new community will be an approximately 284,000-square-foot development that will feature 100 independent living units, 30 independent living cottages, along with 54 assisted living units and 30 memory care units.
The resort-style campus will include upscale amenities, including indoor/outdoor swimming pools, a stocked fishing lake with walking trails, movie theaters and more.
In total, Abby Development estimates project costs for Arabella of Baytown at $40 million.
The company currently owns and operates six senior housing communities in Texas. Recently, the company has announced two new projects in Burleson, Texas, and Lafayette, La.
Traditions Senior Living to Break Ground Q2 on Tenn. Project
A joint venture between Franklin, Tenn.-based companies Traditions Senior Living, LLC, and Century Investment Partners plans to break ground in the second quarter on a new assisted living and memory care community in Spring Hill, Tenn.
Traditions of Spring Hill will be a 127-unit community comprised of 103 assisted living units and 24 memory care units.
The proposed community located on Miles Johnson Parkway, will encompass 130,000-square-feet of living space. It will feature a two-story entrance, various living rooms, a private dining room, library, salon and a bistro lounge.
David Stokes Collaborative, PC, is the architect for the project, while Innkeepers Supply, Inc. will handle the interior design and Century Skanska will serve as the general contractor—all of which are from the greater Nashville area.
The cost of the project is approximately $22 million, according to a release from Traditions Senior Living.
Provident Resources Group Buys Land for Assisted Living Development
Baton Rouge, La.-based nonprofit development and asset management company Provident Resources Group recently purchased a 4.36-acre land tract in a master-planned community for $1.5 million, in which it plans to develop a 90-unit assisted living and memory care facility, reports Greater Baton Rouge Business Report.
Provident Village at Americana will feature 48 assisted living units and 42 units for memory care. When completed in 2017, the $18 million community will encompass 6,800-square-feet.
The project will be Provident’s first senior living development in Louisiana.
Construction: In process
Spring Hills Senior Communities, Silver Companies to Open Two Texas Properties
Through a partnership between Spring Hills Senior Communities and Silver Companies, two new memory care communities will open in early 2016 in the Texas markets of Round Rock and San Antonio.
Poet’s Walk Round Rock, a Spring Hills Memory Care Community, is expected to open in February 2016. The community will be located at 4050 Sunrise Road in Round Rock.
Meanwhile, Poet’s Walk San Antonio, also a Spring Hills community, is expected to open in March 2016 at 5438 Presidio Parkway in San Antonio, near the Loop 1604 and I-10 West Interchange.
Each property will accommodate up to 62 residents. Both communities will provide structured care programs that combine the stability of a routine with independence and autonomy for a healthy lifestyle, said Spring Hills Senior Communities in a release.
For eight years, Silver Companies has focused on the senior living space. Currently, the company has over 15 memory care projects in development nationwide.
Renovation Underway for The Arbor Assisted Living Community
Dallas-based Prevarian Senior Living, LP, a national real estate developer and investment firm, announced this week the construction of a new memory care neighborhood and additional assisted living apartments is currently underway for The Arbor Assisted Living community in Nacogdoches, Texas.
The new additions are scheduled to open in September 2016. The construction joins a current renovation project that is also underway, where The Arbor will remodel the community’s existing furnishings and finishes.
The Arbor’s Memory Care Neighborhood will include five companion and six private suits, plus a courtyard, living and dining rooms, and a country kitchen.
Meanwhile, the assisted living apartment addition will add nine one-bedroom and three studio suites, a day room, an enhanced living area with a fireplace, a beauty salon, along with a health and wellness center.
The Nacogdoches offices of J.E. Kingham Construction is serving as the general contractor for the projects.
The community will be managed by Civitas Senior Living, which currently manages 12 senior living communities with eight in development.
Prevarian Senior Living Breaks Ground on $18 Million Ariz. Community
In other news for Prevarian Senior Living this week, the company announced plans to break ground on an $18.2 million senior living facility in Gilbert, Ariz., reports Phoenix Business Journal.
Savannah House will be a 119,00-square-foot assisted living and memory care facility offering three memory care neighborhoods, each one catering to residents living with different stages of Alzheimer’s and dementia.
Slated for a December opening, Savannah House will be managed by Des Moines, Iowa-based Life Care Services.
The new community will be built on the southeast corner of Baseline and Higley roads in Gilbert, which sits less than one mile from Banner Gateway Medical Center.
Weitz Construction will build Savannah House, which was designed by Architectural Concepts, Inc. of Florida. Financing for the project is being provided by Alliance Bank of Arizona.
Chicago Affordable Senior Housing Project to Host Grand Opening
Next week, Sangamon Terrace Apartments, a new affordable housing community in Chicago’s south side, will celebrate its grand opening and ribbon cutting.
Located in Chicago’s Englewood neighborhood, the four-story Sangamon Terrace Apartments provides 24 units of affordable housing. The building is connected by a ground-level corridor to the adjacent 123-unit Bethel Terrace, an existing senior housing community, which will benefit from sharing resources like Sangamon Terrace’s support staff and community space.
The community marks a significant investment in new senior housing construction for the neighborhood, and also marks the last new-construction housing mixed-finance HUD 202 project.
Sangamon Terrace adds to the area’s development activity at the intersection of 63rd Street and Halsted St., where Whole Foods Market plans to open a new 18,000-square-foot store across the street in August 2016 within a new retail center that will also house a Chipotle and Starbucks.
Chicago-based Evergreen Real Estate Group is the developer of Sangamon Terrace.
Written by Jason Oliva