Maplewood Senior Living’s new memory-care community underway
Under construction and scheduled to open November 1, Maplewood Senior Living’s newest assisted living/memory care facility— Maplewood at Stony Hill—will be one of Connecticut’s few stand-alone assisted living facilities dedicated exclusively to seniors living with Alzheimer’s disease and dementia. Last fall, the Westport-based developer and operator of senior living communities broke ground on a six-acre parcel in nearby Bethel and began construction of the $20 million, purpose-built facility. Maplewood at Stony Hill, a 78,000 square-foot community with 84 rental units, will offer a mix of private, deluxe studio, and one-bedroom apartments for residents with early, mid-stage, and... Read More »Buckeye Community Hope Foundation maximizes LIHTC
The next venture for Buckeye Community Hope Foundation (BCHF), an Ohio-based not-for-profit developer of affordable housing, will be a 34-unit project for low- to moderate-income seniors in Falls Township, Ohio. The BCHF project is once again being facilitated by the Ohio Housing Finance Agency’s Low-Income Housing Tax Credit (LIHTC) program. Valley View Pines will comprise 18 one-bedroom and 16 two-bedroom apartments in a row of single-level, ranch-style homes, which aids accessibility; the materials used in construction will be “eco-friendly.” BCHF will receive federal tax credits of $446,509 during each of the next 10 years to offset the cost of construction. The LIHTC program then... Read More »Trilogy Health Services opens its 80th community
The Willows at Citation in Lexington, Kentucky, is Trilogy Health Services’ newest senior living community—its 80th senior living campus and its second in Lexington. The new campus offers assisted living, long-term care, short-term rehab, skilled nursing, personal care, and respite services. Designed using Trilogy’s village center residential model, The Willows at Citation features small neighborhood clusters that surround a communal gathering place—a village center—with a restaurant, ice cream parlor, health club, and other amenities where residents can meet and greet each other and build lasting friendships. Residents also enjoy chef-prepared meals, private dining rooms, complimentary... Read More »Shared-campus concept proposed in Hudson, Wisconsin
Integrating medical suite services within a continuum of care is what Presbyterian Homes & Services has in mind for 14.6 acres of land currently owned by Hudson Hospital & Clinics in Hudson, Wisconsin. Presbyterian Homes plans to purchase the land—a wooded area adjacent to the hospital—and build a 160-unit senior apartment and assisted living complex on it. The shared-campus concept calls for 95 independent living, 46 assisted living, and 19 memory care residences in a four-story building, along with a 6,000 square-foot medical office suite and a 24,000 square foot town center with a bistro, theater, library, auditorium, chapel, fitness center, and hair salon. A future 50-suite... Read More »It may be spring, but Autumn Leaves are burgeoning
One week before The LaSalle Group broke ground on its ninth memory-care community in suburban Chicago, the company celebrated the grand opening of its second memory care community in the Atlanta area. On May 1, Autumn Leaves of Towne Lake— a 28,000 square-foot, $9.8 million community located in Woodstock, Georgia, about 30 miles north of Atlanta—opened with an official ribbon-cutting ceremony. The Towne Lake community will provide specialized services to 50 residents living with Alzheimer’s disease, dementia, or memory impairment. Then on May 7, Autumn Leaves of Arlington Heights, located 25 miles northwest of downtown Chicago, had its official groundbreaking ceremony. The Arlington... Read More »Buckner planning its eighth CCRC in Texas
Buckner International announced its newest senior housing development, a high-rise CCRC in Dallas to be called Ventana by Buckner. The $118 million project will be built on nearly three acres of land in the North Park neighborhood of Dallas and feature twin 12-story towers with a total of 314 apartments: 182 independent living, 36 assisted living, 24 memory care, 48 skilled nursing, and 24 short-term rehabilitation. The project will also have three dining areas, a wellness center, pool, chapel, theater, business center, day spa, roof terraces, gardens, and indoor parking. D2 Architecture, also in Dallas, designed the community, which is expected to take four years to complete. Buckner... Read More »Cadbury expanding its Delaware presence
“Development” is more than bricks and mortar. For example, Cadbury Senior Services has expanded its presence in Delaware by offering seniors in that state the signature “continuing care retirement community without walls” offering that Cadbury developed back in 1998. Operating for 17 years out of Cadbury at Cherry Hill, the provider’s flagship CCRC, Cadbury at Home brings home-care services to New Jersey seniors who prefer to age in place in their own home rather than move into a senior living community. Cadbury also has a CCRC in Delaware, Cadbury at Lewes. A pair of events held last October to introduce the service to Delaware seniors attracted more than 400 attendees—12 of whom signed... Read More »Calamar/Mount Kellett planning 500 “independent light” units annually
Calamar Enterprises and Mount Kellett Capital Management LP have created a joint venture for the purpose of developing a series of senior housing complexes over the next several years. Calamar’s “independent light” model offers varying levels of services to residents, including meal, transportation, and entertainment options. The team plans to develop more than 500 units across the United States each year. Calamar, a real estate developer operating out of Wheatfield, New York (near Buffalo), has been involved in developing senior housing for the past 25 years. The firm’s portfolio currently includes more than 1,000 senior housing units in New York State and Nebraska and will expand into... Read More »More memory care coming to Austin
The LaSalle Group recently broke ground on two assisted living communities in and around Austin, Texas, that will specialize in memory care. Autumn Leaves of Northwest Austin, a $10.7 million project in the lovely Hill Country, will comprise 26,000 square feet and accommodate 46 residents living with Alzheimer’s, dementia, and other types of memory impairment. Autumn Leaves of Georgetown, a $10.3 million project, will also comprise 26,000 square feet but will accommodate 50 residents requiring memory care. The company expects to complete both projects by the end of 2014. Austin, a vibrant city with a current population of 1.8 million and a growth rate of 2.8%, is one of the fastest-growing... Read More »Omega Communities pursues faith-based opportunities
Omega Communities, based in Birmingham, Alabama, is differentiating itself in the development arena by focusing on the company’s relationships in the faith-based community. Combining the investment opportunity in senior housing with the affinity of “dynamic, impacting churches” presents benefits that investors are likely to find both substantial and sustainable, according to Omega. At the same time, church partners fulfill their mission of ministering to seniors in their local communities—and share in operating revenues. The company’s “affinity relationship” model for developing senior living communities requires a sponsoring church that meets “strict financial and impacting criteria,”... Read More »Schedule a demo
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