Village Pointe Commons moving forward in Wisconsin
Tarantino & Co., the Waukesha, Wisconsin, real estate developer, plans to build a $20 million senior housing community in a commercial district on the south side of Grafton, Wisconsin. The 200-unit project, to be called Village Pointe Commons, will have levels of care, services, and amenities common to the senior communities that the developer already operates under its Capri Senior Communities banner. An aging mall that once occupied the development site was razed in 2008 to be replaced by an extensive mixed-use project—a 17-building complex on 22 acres that included a new retail center and townhouse- and apartment-style condominiums. The retail center was finished before the full... Read More »Creating “silk purses” from “sow’s ears” in Indianapolis
Joe Whitsett, an Indianapolis native and prominent tax-credit real estate lawyer before founding TWG Development, LLC, has an affinity for historic buildings. Since 2007, TWG (originally The Whitsett Group) has been turning rundown buildings in and around the city from eyesores into attractive affordable housing for seniors and for families. The most recent example is a $9.6 million conversion of a four-story structure at 1352 N. Illinois Street—built in 1929 and formerly occupied by a commercial laundry—into 63 affordable seniors housing units. The project was awarded $836,756 in federal low-income housing tax credits (LIHTCs), as well as $450,000 in additional state funding. LIHTCs,... Read More »Trilogy continues its amazing growth
Trilogy Health Services just celebrated the opening of Hearthstone Health Campus in Bloomington, Indiana, and announced the grand opening of Arlington Place Health Campus in Indianapolis. The two new developments represent Trilogy’s 79th and 80th senior living communities, the provider’s 49th and 50th sites in Indiana, and the seventh and eighth major new campus development or expansion projects undertaken by the company in the past year. A $10 million building, Hearthstone Health Campus has 104 units—26 assisted living and 78 skilled nursing—in a “town square” residential setting, which is the model Trilogy has used in its other recent senior living developments. Private and companion... Read More »Presbyterian Communities & Services: 2 projects underway
Presbyterian Communities & Services (PC&S), a not-for-profit senior living organization based in Irving, Texas, has two large development projects underway in Dallas: 1) a five-stage makeover of Presbyterian Village North, and 2) a state-of-the-art inpatient hospice center. Pi Architects of Austin prepared a five-stage master plan for renovating and expanding Presbyterian Village North, a 550-resident community on 67 acres. Phase 1 of the makeover, priced at $87 million, includes general renovations but also adds new independent living, assisted living, memory care, and rehabilitation facilities, along with new fitness and aquatics centers. The project began last May, with... Read More »Schedule a demo
Gain access to the best healthcare and long-term care investment intelligence, data, and analysis.
