Another Active Adult Development Opens in Texas
In December of 2020, a Houston-based joint venture between Buckhead Investment Partners and Zane Segal Projects started construction of Arista Riverstone, a 143-unit active adult community in the Houston suburb of Sugar Land. Johnson Capital Multifamily Inc. provided the construction financing for the project. Gonzalez Newell Bender Architects provided architectural design services, and the general contractor was Galaxy Builders. Greystar was also set to handle lease-up and management of the community. That active adult community is now complete. Arista Riverstone includes one-, two- and three-bedroom apartments and community amenities such as a full-service salon, game room, conference... Read More »
2023 Seniors Housing Development Outlook: Equity and Debt
On November 17, our Editor Ben Swett sat down with Paul Griffin III of Griffin Living, Ari Adlerstein of Meridian Capital Group and Ken Assiran of Capital Health Group to discuss the current state of the seniors housing development market, and what financing options were available to those still looking to build. Read More »
MedCore Partners Expands Houston-Area Senior Living Community
Active adult development activity continues at a steady pace. MedCore Partners announced the construction of the second phase of its senior living project in Cypress, Texas (Houston MSA), along with a new partner, ACRON USA. Opened in 2018 with the help of The National Realty Group, Phase I of Spring Cypress Senior Living includes 80 units of assisted living and memory care, but Phase II will include 138 new active adult and independent living units. The new units will consist of apartments, cottages and townhomes, plus a 12-unit expansion of the existing memory care portion. MedCore is partnering with Orcutt Winslow for architectural and engineering services, Faulkner Design Group for... Read More »
Toll Brothers Develops in Texas
Toll Brothers announced the grand opening of its latest 55+ housing community, Regency at Esperanza in San Antonio, Texas. The company has so far developed over 66 55+ communities across 14 states and is showing no sign of slowing down its growth in the active adult-adjacent space. Regency at Esperanza is a luxury community for seniors within Esperanza, a 1,700-acre master-planned community. Regency at Esperanza consists of three groups of one- and two-story single-family homes priced from the mid-$400,000s, and marks the first 55+ community in Boerne, Texas. The community will be equipped with resort-like amenities including a state-of-the-art amenity center, a swimming pool, fitness... Read More »
Urban Developments Keep Rising in Seniors Housing
Minnesota-based developer Ryan Companies in collaboration with Harrison Street and Cadence Living have announced its latest seniors housing community in Arizona, Acoya Shea of Scottsdale. Construction has begun on the $64 million community which will comprise 147 units of independent and assisted living. At a cost of $435,000 per unit, the latest community by the development trio will encompass 197,000 square feet on 2.5 acres just miles from Phoenix. The project received a construction loan from Regions Bank. The buyers of the land were represented by Keith Mishkin of Cambridge Properties and Jim Riggs of Platinum Advisors. Daniel Raimer, the vice president of real estate development for... Read More »Schedule a demo
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