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Avenida Plans Active Adult Project Near Nashville
Avenida Partners is planning a new active adult community in Hendersonville, Tennessee.
The 138-unit community, Avenida Hendersonville, is slated to have apartments in one- and two-bedroom styles with one or two bathrooms each. The plans also call for about 6,000 square feet of amenity space, with a clubhouse, theater, dining room, fitness center and outdoor amenities such as a grill station, gardens and dog park.
The McShane Construction Company is handling the project’s construction. Avenida Hendersonville is set for completion in May 2022.
Civitas, StoneCreek Plan Houston Community
Civitas Senior Living and StoneCreek Real Estate Partners are planning a new community in Houston, Texas.
The companies plan to redevelop the Copperfield Racquet and Health Club in Northwest Houston into StoneCreek of Copperfield, a 98,000 square-foot community with 12 independent living villas and 92 assisted living and memory care residences. Planned amenities include a salon, creative arts studio, fitness center and multiple dining venues.
StoneCreek of Copperfield is a joint effort among developer StoneCreek Real Estate Partners, manager Civitas, Pi Architects and interior design firm Senior By Design. Construction is set to begin later this month, with a planned 2022 opening.
New ‘Town Square’ Adult Day Franchise On Tap for Florida
Florida TS1 LLC, a franchisee of Town Square, is planning to open a new location in Sarasota, Florida.
The franchisees recently signed a lease on an 11,120 square foot space, with plans to turn it into Town Square Palmer Ranch. The concept is a 1950s-themed day center for older adults living with Alzheimer’s and dementia. Residents have access to storefronts in an indoor streetscape, including a diner, theater, library, pub, city hall and health club.
- Avenida PartnersLearn More
- Avenida PartnersLearn More
- Avenida PartnersLearn More
Michael Finn and business partner Wendy Rickenbach-Barclay are behind the project. George Brusco of Ian Black Real Estate represented the property’s landlord, BLDG Sarasota and Bacael Sarasota in the lease transaction. Gina Giuggio of Newmark represented the tenant. If all goes according to plan, construction will begin later this month and the community will open this summer.
Willow Valley Communities Plans Senior Living Tower in Pennsylvania
A new project from Willow Valley Communities is promising to change the cityscape of downtown Lancaster, Pennsylvania.
The organization is planning to open its multi-story, mixed-use senior living tower in Lancaster. As planned, the 20-story community will come with 147 two- and three-bedroom residences and street-level restaurants and retail.
Willow Valley is working with architectural firm Gensler on the community. Construction is set to begin in 2022.
Live Oak Financing Clears Way for Several Projects, Including for ALG
Recent financing from Live Oak Bank has put several senior living into motion.
Last month, Live Oak closed an $8.5 million construction loan for ALG Senior to support the development of a 58-unit independent and assisted living project in Reidsville, North Carolina.
Live Oak Bank also closed on an acquisition and renovation loan for a joint-venture project between Prevarian Senior Living and Harrison Street. The loan covered the acquisition of a 129-unit independent and assisted living community in Lakeland, Florida. The project partners are planning renovations at the property that include a memory care wing, new amenities, common areas and more licensed care beds.
In Texas, Live Oak closed a $13 million construction loan for Phoenix Senior Living, which is seeking to develop a 56-unit independent living cottage project in Dallas, Georgia. Additionally, Live Oak Bank closed a $24.9 million construction loan for Columbia Pacific Real Estate Fund III to develop a 127-unit assisted living and memory care community in Brookfield, Connecticut.
Long Island Community Breaks Ground on $89M Expansion
Jefferson’s Ferry, a senior living community on Long Island in South Setauket, New York, is expanding.
The work will add 60 one- and two-bedroom independent living apartment homes, a new health and wellness center, fitness center, bistro, marketplace cafe, and new dining options. Jefferson’s Ferry is also planning a new memory care building and renovations in the common areas in its assisted living and health care centers.
Project partners include KDA Architects, Tritec Building Company, HJ Sims and Merlino Design.
Allegro Makes Progress on New Jersey Community
Allegro Senior Living is nearing an opening day for Allegro in Harrington Park, a 184-unit community in Harrington Park, New Jersey.
Planned amenities include an indoor and outdoor pool, sauna and steam room, fitness center, movie theater and multiple dining venues. The community is also equipped with bi-ionization air purification technology for infection control.
The community is currently set to open in the early part of this year.
Georgia Life Plan Community Nears Opening Day
Presbyterian Village Athens, a forthcoming life plan community in Athens, Georgia, is on track to begin welcoming its first residents early this year.
The $143 million community is currently under construction. Plans call for 103 cottages, 12 villas and 100 apartment homes for independent living residents, along with 100 additional apartments for residents needing assisted living, memory care, skilled nursing or rehab services.
Amenities include walking trails, a fitness center, tennis and pickleball courts, an indoor saltwater pool, pub and billiards room, hair salons and multiple dining venues. The community also has a Plasma Air ionization system as an infection control design feature.
Presbyterian Village Athens partnered with RW Allen Construction on the community’s construction.
Pacific Retirement Opens Mirabella at ASU Project in Arizona
Pacific Retirement Services (PRS) has opened its long-awaited Mirabella at ASU project in Tempe, Arizona.
The $252 million, high-rise life plan community sits on the campus of Arizona State University (ASU). Earlier plans called for 304 units, with apartment and penthouse dwellings that range from 751 square feet to 2,665 square feet in size.
Residents of the community have access to continuing education opportunities as well as amenities and services offered on the college campus.
Ankrom Moisan Architects designed the project, and McCarthy Building Companies built it.
South Carolina CCRC Completes Expansion
The Woodlands at Furman, a continuing care retirement community (CCRC) next to Furman University in Greenville, South Carolina, has put the finishing touches on a 13,000-square-foot expansion project.
The building, dubbed the “Community Village,” represents a $4.5 million investment. Its completion adds to the community a wellness center with pneumatic and cardio equipment, therapy pool, massage room, day spa, gym, locker room and a multi-purpose room.
Other noteworthy projects:
— Plans are moving forward for a $30 million community at the site of a former farm in York Township, Pennsylvania.
— A nursing facility in Lincoln County, Missouri, is adding more assisted living beds as part of a $2 million expansion project.
— Aspens Senior Living has broken ground on a 159-unit community in a master-planned community in Greenville, South Carolina.
— Vitality Senior Services recently broke ground on a new memory care community in Jeffersonville, Indiana.
— National Church Residences over the summer completed a $2 million renovation at a community in Hillard, Ohio, and changed the community’s name from Mill Run to Harmony Trace.
— Beatitudes, a community in Phoenix, Arizona, last month put the finishing touches on an expansion project to add 34 patio homes.
Companies featured in this article:
ALG Senior, Allegro Senior Living, Ankrom Moisan Architects, Avenida Partners, Civitas Senior Living, Columbia Pacific Advisors, Florida TS1 LLC, Harrison Street Real Estate Capital, HJ Sims, Jefferson's Ferry, KDA Architects, Live Oak Bank, McCarthy Building Companies, McShane Construction Company, Merlino Design Partnership, Pacific Retirement Services, Phoenix Senior Living, Presbyterian Village Athens, Prevarian Senior Living, RW Allen Construction, StoneCreek Real Estate Partners, The Woodlands at Furman, Tritec Building Company, Willow Valley Communities