Denver-based MorningStar Senior Living has broken ground on three new assisted living/memory care communities: one in Arizona and two in Colorado.
1. MorningStar at Arrowhead is an $18 million project on six acres in Glendale, Arizona. The new community will have 60 assisted living suites and 25 units devoted to memory care. The project is a joint venture between affiliates of MorningStar Senior Living and Real Capital Solutions, a Louisville, Colorado-based investment firm. OZ Architecture of Denver designed the project.
2. MorningStar of Fort Collins, also an $18 million project, will offer 55 suites for assisted living and 23 memory-care units. The project, designed by architectural firmRosemann & Associates, also of Denver, is situated on 4.5 acres across from the Collinwood Golf Course and Warren Lake in Fort Collins, Colorado. MorningStar of Fort Collins is a joint venture between affiliates of MorningStar Senior Living and Millennium Venture Group (MVG), a Denver-based real estate development and investment firm. The two partners have a pair of additional projects scheduled to break ground this fall:MorningStar of Albquerque (New Mexico) and MorningStar of Wheat Ridge(Colorado), both 70-unit assisted living and memory care communities with opening dates scheduled for fall 2015.
3. MorningStar of Boulder, a $25 million project on five acres in Boulder, Colorado, will feature 48 suites for assisted living and 46 memory-care units. The Boulder project is the second joint venture between affiliates of MorningStar Senior Living andHaselden Construction, also based in Denver. The two partners have several more projects planned for future senior living development, including sites in Lone Tree and Littleton, Colorado.
Each of the three new MorningStar communities will provide 24-hour staffing and full-time licensed nurses. Residents will enjoy restaurant-style dining, 24-hour bistros, health and wellness facilities, daily planned activities and outings, a movie theater, a salon, housekeeping and linen service, concierge services, and scheduled transportation. All three communities are scheduled to open in June 2015.
Founded in 2003, MorningStar Senior Living is a fully integrated operator, owner and developer of senior living communities. MorningStar currently owns, operates, or has under development a portfolio of more than 2,400 units in 20 communities across the Midwest, Rocky Mountain, and West Coast regions.
