Tri Pointe Homes Launches Active Adult Brand
Home builder giant Tri Pointe Homes has announced the launch of Altis, a new brand that will focus on the company’s active adult properties across the United States. Altis already has three communities open in California – Altis Beaumont in Inland Empire, Altis at Terramor in Temescal Valley and Altis at Skyline in Santa Clarita. Opened in 2018, Altis Beaumont was the first property in the brand’s product line. It features modern single-level homes and resort-style amenities, including a pool, outdoor lounge, barbecue area, pickleball courts, a trail system and full-time lifestyle director. Beaumont has already sold 300 homes, and plans to complete 704 homes by the completion of the... Read More »
Luxury Development By JV Underway in Florida
A joint venture between Ryan Companies and Grand Living Management is set to begin the development of a luxury 206-unit senior living community in Naples, Florida. The developers acquired the 7.9-acre parcel of land for the project for $5.2 million according to Collier County Data. The JV also received a five-year, $48.7 million construction loan from Trustmark National Bank to support the development. Named Grand Living at Naples, the community will consist of 166 independent and assisted living units and 40 memory care units across 241,071 square feet and four stories. Amenities will include various dining spots, a library, club room, wellness center with a fitness area, a spa and a... Read More »
CCRC Development Set to Break Ground in North Carolina
A large, not-for-profit CCRC that is home to 300 residents in Wilmington, North Carolina is set to break ground on an expansion project to the tune of nearly $57 million. Opened in 1988 on property donated by retired railroad executive Champion “Champ” McDowell Davis, Plantation Village sits on 58 acres. It is managed by Iowa-based Life Care Services, which will help oversee the expansion. The project will include 44 new homes in four new buildings, with two-bed/two-bath and two-bed/2.5-bath options starting at 1,515 square feet that include under-building garage parking. There will also be new indoor and outdoor dining venues and services. CJMW Architecture and Frank L Blum Construction,... Read More »
Luxury Development Underway in Memphis
Seniors housing developer SageStone Partners and The Arbor Company have teamed up to develop Opus East Memphis, a 237-unit luxury community set to open its doors in early 2023 in Memphis, Tennessee. Opus will feature 47 independent living cottages, 107 IL apartments, 63 assisted living units and 20 memory care units, with a host of resort-style amenities and services. Opus will also offer a fitness center, restaurant-style dining and on-site therapy and rehabilitation. The information center will open in January 2022, giving prospective residents a first look at the development. Since 2014, SageStone has completed nine senior housing projects totaling more than 1,500 units. Read More »
California Community Set to Break Ground
A seniors housing development is set to break ground in Santa Cruz County, California after Nick Stahler and Hap Knowles of The Knapp-Stahler Group at Marcus & Millichap sold the 3.35-acre site to the developer. An experienced regional owner/operator in California with more than five developments in its pipeline paid $6.75 million for the site, which is entitled for 82 units and 89 beds of seniors housing. The project is located in Soquel, a high-barrier-to-entry market in an affluent area that surely resulted in the competitive bidding atmosphere for the site. That makes for a happy seller we imagine, as well. Once the project is permitted, construction is expected to commence... Read More »Schedule a demo
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