Construction: Planned
PinPoint Commercial Announces New High-Tech Project for Santa Fe
Houston, Texas-based developer PinPoint Commercial this week announced the development of The Legacy at Santa Fe, a new technologically-advanced senior living facility located within the Aldea master-planned community.
Construction will begin as early as June of this year on the community, which will contain 84 units offering a mix of limited assistance, traditional assisted living and memory care.
The project is the result of a two-year process, said Charles Turner, principal at PinPoint Commercial.
“We studied more than 300 submarkets, and after months of travel and extensive research, we believe that the northern Santa Fe area is one of the most underserved markets that we have found to date. We can’t wait to get started,” Turner said in a written statement.
The tech-infused community will encompass some of the latest in senior living technology, including digital resident care platforms that integrate health and medical records with touchscreen devices; monitoring systems to alert staff when atypical behaviors occur; wireless caregiver alert systems; wireless RFID door entry systems, exercise equipment created specifically for seniors and personal activity trackers.
The Legacy at Santa Fe embodies a design in which each wing of the facility serves as a separate neighborhood, which allows for unobtrusive monitoring and rapid delivery of assistance, PinPoint said.
Each neighborhood will contain unique common areas and be designed around a “Main Street” theme where additional amenities, including a restaurant, movie theater, general store, gym, library and sports lounge will be located.
PinPoint also has other senior living projects either under development or completed in several cities throughout New Mexico, Texas, Georgia and Florida.
Avanti Senior Living Plans Late 2015 Opening for New Community
Texas-based Avanti Senior Living plans to open one of its newest communities, Avanti at Vision Park, later this year in Shenandoah, 30 miles north of Houston, reports the Houston Chronicle.
The $15 million community plans to provide 50 assisted living suites and 40 memory care suites within its 77,000 sq. ft. structure.
In terms of amenities, a wellness center with ballet barre and fitness equipment, a full-service salon and spa, keyless entry and art studio will be featured at the community. A medical suite will also be equipped with telehealth technology, along with a private exam room.
Project partners for Avanti at Vision Park include architecture firm PRDG, interior design firm studioSIX5 and brokerage and development services by Cypressbrook Co.
Enterprise Invests $10 Million in Affordable Homes for Ariz. Seniors
Enterprise Community Investment, Inc. today announced a Low-Income Housing Tax Credit deal to create Bowman Senior Residences, a 48-apartment building in Santa Cruz County, Ariz. for seniors earning less than 60% of the area median income, or just under $200,000 for an individual.
The new building will replace two dilapidated properties, the De Anza Hotel and the Bowman Hotel, while preserving the facade of the latter, which is the oldest hotel in Nogales.
Bowman Senior Residences was financed primarily by the LIHTC through a nearly $10 million investment syndicated by Enterprise. The development’s co-sponsors are Gorman & Company, Inc. and Nogales Community Development Corporation.
An on-site service coordinator employed by Nogales Community Development Corporation will schedule nutrition and financial literacy classes, weekly free transportation services, health screenings every two months and recreation or wellness classes for residents
Monthly rents at the community will range from $354 to $539, with 20 of the 48 one-bedroom apartments receiving Section 8 rental assistance.
A grand opening for the Bowman Senior Residences is expected by the end of 2015.
Ohio CCRC’s $61 Million Expansion Calls for New Apartment Building
Friendship Village of Dublin is planning a $61 million, five-year expansion at its campus in Ohio that will include the addition of a 51-unit senior apartment complex along with community-wide renovations, reports Columbus Business First.
The master plan is the latest development from the nonprofit community, which added 20 standalone villa homes in 2013. Construction on the newest phase will begin this fall, once the last four units currently being built are completed.
The four-story independent living apartment building will offer floor plans ranging from 1,200 sq. ft. to 1,600 sq. ft., bringing total apartment units at the complex to 308.
On the renovations side of construction are the 50-bed skilled nursing home and about 60 units for assisted living and memory care, along with The Clubhouse community space, which will be expanded and remodeled to replace the dining room and add meeting and banquet facilities.
Additional features could include services such as a general store, library, banking, salon and theater.
To fund the 20 villa homes, Friendship Village issued $23.3 million in bonds in December. The new expansion will be financed with additional debt, cash reserves and a projected $25 million to $30 million in entrance fees from the new apartments.
Columbus-based JMM Architects, which designed the villas, will continue to serve as project architect for the master plan. Miles-McClellan Construction Co., also based in Columbus, is overseeing plan implementation.
Oxford Senior Living to Add $15 Million IL Expansion at Kansas Facility
Kan.-based Oxford Senior Living is planing a $15 million independent living development at its campus, The Oxford Grand, in Wichita, reports Wichita Business Journal.
The Wichita-based company plans to begin construction this summer on a 124,000 sq. ft., four-story building—a construction cycle expected to take 14 months to complete.
When complete, the Oxford Villa Independent Living Residence will complement the 77-unit Oxford Grand assisted living and memory care community, which opened in fall 2013.
At Oxford Villa, 112 units will range in floor plans from studios to one- and two-bedroom apartments.
The impetus to expand was due in part to both the success of Oxford Grand and increasing demand for an independent living option at the campus.
LK Architecture, also based in Wichita, is the project architect for the expansion.
Construction: In process
The LaSalle Group Breaks Ground on First Florida Memory Care Community
The LaSalle Group, a Texas-based developer and manager of senior living communities, is underway on its first Autumn Leaves memory care community in Florida.
A groundbreaking ceremony last month hailed the start of construction on Autumn Leaves of Estero, a 36,937 sq. ft. memory care community that will provide specialized care to 54 residents living with Alzheimer’s, dementia and other forms of cognitive impairment.
The community will feature an innovative building design and cutting-edge technology to create a calm, safe and engaging environment, while a life engagement program will strive to fulfill residents’ needs for artistic expression, physical activity, spiritual support, community connections, continuing education and leisure, the company said in a release.
Autumn Leaves of Estero is slated to open in January 2016.
The LaSalle Group plans to open an additional 11 Autumn Leaves assisted living and memory care communities by the end of 2015. One of those communities is Autumn Leaves of Soutwest Oklahoma City, which opened today.
High-End Florida CCRC Due for Completion by 2015’s End
Sinai Residences, part of a $250 million luxury CCRC in Boca Raton, Fla., is scheduled to open at the end of this year and is already 100% sold, Sun Sentinel reports.
Sinai Residences will open on the 35-acre campus of the Jewish Federation of South Palm Beach County by year’s end, according to developers cited in the report, who said that most of the community’s apartments will be filled mostly with local residents who paid between $410,000 and $1 million to live at the community. Monthly rents will be about $4,000.
When fully completed, the campus will have 237 independent living apartments, 48 assisted living units, 60 skilled nursing suites and 24 suites for memory care.
The complex will have a fitness center, chapel, swimming pool, at least four restaurants, on-site health care and transportation off-site.
New Dominion Senior Living Community Opening Soon in Tenn.
Dominion Senior Living of Johnson City will welcome its first residents in April to its community located in the Tennessee city of the same name.
The assisted living and memory care community will feature comfortable, warm interiors meant to evoke feelings of “home” within its two-story structure.
A total of 60 apartments will be included at the campus, which can accommodate 84 residents in total. Of the 60 units, 45 will cater to assisted living and 15 for memory care.
On-site services and amenities include therapy and wellness programs, as well as large courtyards that will include picnic areas, games and botanical gardens.
Construction: Completed
LTC Properties Opens New Denver-Area Memory Care Community
LTC Properties, Inc. (NYSE: LTC), a REIT based in Westlake Village, Calif., announced this week the completion and opening of a new 60-unit memory care community in Westminster, Colo.
Developed at a cost of approximately $10.7 million, the Westminster community is the fourth project completed in partnership between LTC and Anthem Memory Care. It is leased by an affiliate of Anthem under an existing 10-year master lease at an initial cash yield of 9.25%.
Furthermore, LTC will be financing Anthem’s entrance into the Chicago market under the companies’ exclusive development pipeline agreement, with the first project already underway in Burr Ridge, Ill., and two more expected to break ground later this year.
Additionally, LTC also plans to finance Anthem’s initial development project in Southern Calif., which is also slated to break ground this year.
“The opening of this new community furthers our strategy of investing in private-pay memory care in major metropolitan areas,” said LTC Chairman and CEO Wendy Simpson in a written statement. “Development will continue to be a major growth driver for LTC, as we unlock value for our shareholders through better long-term returns and continue to work closely with our partner operators.”
Jewish Home Life Communities-Managed Community Opens in Georgia
After 15 months of construction and a vision dating back to 2007, the Berman Commons assisted living community is finally complete in Dunwoody, Ga.
Managed by Jewish Home Life Communities, Berman Commons is a 90-unit assisted living and memory care community located across from Georgia Perimeter College and connected by a walking path to the Marcus Jewish Community Center of Atlanta (MJCCA).
Berman Commons has 90 studio and one-bedroom apartments, 32 of which are within the secure Ackerman Memory Care neighborhood. Depending on individual requirements, all residents receive a wide range of support services, particularly designed for older adults who need some level of assistance with activities of daily living.
The community is already filling up rapidly. More than two-thirds of the apartments were reserved during the construction period.
Proximity to the MJCCA serves as an additional service amenity for Berman Commons, which pays for each residents’ MJCCA membership to enable use of the facilities and extensive programs.
Conceived in 2007 by local leaders addressing the growing demand from Atlanta’s aging population, the project launched with a successful capital campaign, raising more than $10 million thanks to donations from more than 170 families and several foundations, including a $1 million grant awarded by the Robert W. Woodruff Foundation.
The Waters Senior Living Opens New Minn. Senior Living Community
Minnetonka, Minn.-based The Waters Senior Living has opened a new 175-unit senior living community in Rochester, Minn., The Waters on Mayowood, the company announced this week.
The long-awaited community offers personalized well-being programs, concierge services and locally sourced dining—offerings meant to foster a positive living experience for residents and their families.
In partnership with the University of Minnesota’s Center for Spirituality for Health, The Waters’ care philosophy is built on the six components of the Center’s Wellbeing Model: health, purpose, relationships, community, environment and security.
This integrative approach is meant to helps residents build a lifestyle based on all dimensions of their well-being, beyond their physical state, said Judy Peters, DNP, MSN, RN and corporate director of health and wellbeing for The Waters.
“We promote well-being in everything we do using innovation, best practices and research-based science,” Peters said in a written statement. “This relationship-centered approach helps our residents live a full life—emotionally, physically and with a sense of purpose.”
The Waters on Mayowood offers hotel-style dining features with a wide range of seasonal menu options through the use of fresh, locally sourced ingredients.
Amenities and decor of the community are designed to uplift the senses and improve mental, physical and spiritual health, said The Waters, which hosts a variety of daily activities.
Programs and services in the day spa, a well-being center, creative arts studio, club room and spiritual center are all fundamental elements of The Waters, and are also featured at the Mayowood community.
The Waters on Mayowood was developed by The Waters in partnership with lead developer, Rochester-based Jeff Brown Real Estate.
Written by Jason Oliva
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