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Affordable Assisted Living Community Planned in Indianapolis
An affordable assisted living facility with 124 units is slated to open in Indianapolis.
Integral Community Development recently secured a $17.2 million loan for the community, which is called Oasis at 56th. Commercial real estate services and finance firm Walker & Dunlop helped arrange the loan through the Department of Housing and Urban Development’s (HUD) New Construction program.
As planned, units at Oasis at 56th will have access to a commercial kitchen with a dining area, resident and personal care rooms, laundry facilities, an exercise room, cafe, and transportation. Each of the assisted living units will come with a living area, accessible bathrooms, and kitchenettes with cabinets, sink, refrigerator, and a microwave.
Third Latitude Margaritaville Planned in Florida
Margaritaville Holdings, Minto Communities USA and St. Joe (NYSE: JOE) have teamed up to pursue the development of a new Latitude Margaritaville active adult community in Bay County, Florida.
The newest Margaritaville community would initially have 3,000 homes, but the surrounding St. Joe’s Bay-Walton Sector Plan is entitled for up to 170,000.
Residents who move into the planned Latitude Margaritaville Watersound in Bay County would have access to amenities such as a resort-style pool, fitness activities, game and hobby rooms, arts and learning programs, live entertainment and Margaritaville-themed food and beverage concepts.
Read more about these plans on Senior Housing News.
Construction: In progress
Ryan Companies, LCS Break Ground on Clarendale Community in Tennessee
LCS, Harrison Street Real Estate Capital and Ryan Companies US have broken ground on their second senior living community in Nashville, Tennessee.
The $50 million project, Clarendale at Bellevue Place, will have 195 independent living, assisted living and memory care units. Amenities include restaurant-style dining venues, a bistro, pub and billiards room, wellness center with fitness and therapy facilities, salon, covered parking and a large community room.
This is the second project in Tennessee for Ryan Companies and its project partners LCS and Harrison Street Real Estate Capital, and the group’s seventh project overall. Clarendale at Bellevue Place is anticipated to open in November, 2019.
Work Underway for ‘Modern Scandinavian’ Community in Wisconsin
Developer Tukka Properties and operator Tealwood Senior Living have started work on their fourth joint construction project, Kettle Park Senior Living in in Stoughton, Wisconsin.
As planned, the “modern Scandinavian” community will span about 130,000 square feet and house 100 independent living, assisted living and memory care apartments. Amenities include a bistro and multiple dining areas, flexible activity spaces, an arts and crafts room, library, salon, fitness and wellness spaces and a theater.
The project’s design—which took inspiration from the designs one might see in a small Scandinavian village—features light colors, Norwegian-style roofs and farmhouse-style porches. Iconica designed the building, and is also managing the project’s construction. Tukka and Iconica also partnered with interior design firm Henricksen.
If all goes according to plan, work will wrap up in the summer of 2019.
LCB Holds Groundbreaking for Connecticut Project
LCB Senior Living on May 9 held a dedication and groundbreaking celebration for The Residence at Selleck’s Woods, a new independent living, assisted living and memory care community under construction in Darien, Connecticut.
As planned, the community will have 105 units, and is on track to open later this year in the fall. When it opens, the community will be a “modern, luxury senior housing experience,” and have exclusive Emerald Suite concierge services for residents.
Construction Begins for Florida Community
The Palace Group, a South Florida developer and operator of senior living communities, has broken ground for The Palace at Weston, a 320-unit community
The community will occupy a 7.5-acre site adjacent to The Palms at Weston, an active adult condominium community that Palace Group completed in 2008.
The Palace at Weston will offer independent living, assisted living and memory care services in three separate but adjoining buildings. Amenities include a theater, fitness complex with a yoga room, fine-dining restaurant, plaza and bar, library, arts and crafts area and a courtyard with a swimming pool.
TD Bank awarded the Palace Group a $95 million loan for the construction of the property. Coastal Construction LLC, is the project’s general contractor, and Salazar Architectural Group designed the community.
The Palace at Weston’s leasing center is expected to open in late 2018, with a grand opening currently slated for 2020.
Other noteworthy projects:
— Officials in Naperville, Illinois, have given the go-ahead to plans for a 174-unit senior living project.
— Westminster Canterbury Richmond, a senior living community in Richmond, Virginia, has plans to add 125 independent living units.
— A university in Spokane, Washington, is seeking to build a senior housing building with 47 units.
— A mixed-use development in the works in Woburn, Massachusetts, could also include four assisted living complexes and a 100-bed memory care community.
— An affiliate of Kayne Anderson Real Estate has purchased 20 acres of land in West Palm Beach, Florida, for the construction of a senior living community with about 250 units.
— A senior living community in Longmont, Colorado, is seeking to become a continuing care retirement community (CCRC) with the planned addition of four new skilled nursing cottages.
— Brightview Senior Living recently got the green light from a local zoning board to build a 190-unit community at the site of a vacant shopping center in Wayne, New Jersey.
— A 200-unit senior living community is part of a mixed-use development proposed in Orlando, Florida.
— CaraVita Village, a senior living community in Montgomery, Alabama, has plans for a $3.5 million facelift.
— Work for a new senior housing development in New Albany, Ohio, could begin as early as this fall.
— The city of Huntington Beach, California, could soon get a new assisted living community with 44 units.
— A developer has proposed building 220 assisted and independent living apartments in Mount Vernon, New York.
— Construction crews are currently laying the foundation for a 130-unit retirement community in Moosic, Pennsylvania.
— A 44-bed assisted living community is coming together in Hollywood, Florida.
— Work has begun for a $4 million assisted living community with 28 units in Caledonia, Michigan.
— A senior living community in Sarasota, Florida, recently broke ground on a $20 million expansion project to add a new heath, rehabilitation and memory care center.
— Construction has wrapped up for a 159-unit senior housing community in Littleton, Colorado.
— The city of Roswell, Georgia, has a new 101-unit independent living community for low-income seniors.
— A nonprofit dedicated to raising awareness about Alzheimer’s disease has opened a memory care community on the Hudson Hills Senior Living campus in North Bergen, New Jersey.
— A $1.5 million facelift is complete at a senior living senior living community in Glendale, California.
— The city of Tucson, Arizona, has a new assisted living and memory care community.
Written by Tim Regan
The post In the Pipeline: Ryan Cos., LCS Start Work; Tukka’s Scandinavian-Style Project appeared first on Senior Housing News.
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