High cost memory care development in Florida
It’s not often you see a new senior living development cost over $400,000 per unit to build. Nevertheless, Cypress Cove Health Park Florida, a not-for-profit CCRC built in 1999 with currently more than 550 residents on 48 acres in Fort Myers, Florida, is adding 44 memory care units for a cost of approximately $18.5 million, or about $420,500 per unit (in a state that averages $213,000 per unit to build new assisted living/memory care or standalone memory care communities, according to our data). The new two-story building, scheduled to open in 2016, will feature four households each with 11 private apartments that each average about 250 square feet. There will be a significant amount of... Read More »Rental CCRC coming to Raleigh, North Carolina
Site work is underway on what will be Raleigh’s first licensed, rental CCRC. The Cardinal at North Hills will be breaking ground soon. Once complete, the new community will offer month-to-month rental units—unlike most CCRCs, which require an entrance-fee contract. The Cardinal will have 165 independent living residences, plus 60 on-site private apartments licensed for assisted living, memory care, and nursing care. Residents will have direct access from their buildings to a secure, underground parking garage and to the 35,000 square foot clubhouse, which will have appropriate spaces for social, spiritual, and vocational activities, as well as multiple dining venues: the main dining room... Read More »Erickson Living’s third CCRC in New Jersey—underway and selling well
Construction is underway on Lantern Hill, Erickson Living’s new, 540,000-square-foot CCRC on 21 acres in New Providence, New Jersey—about 20 miles west of New York City. This will be Erickson’s 18th senior living community and its third in northern/central New Jersey. Upon completion, Lantern Hill will have five interconnected buildings that comprise 275 independent living apartments (one- and two-bedroom units) and 85 continuing care residences that offer assisted living, memory care, long-term care, and short-term rehabilitation. Residents will enjoy a fitness facility with an indoor swimming pool, along with a wide range of services and amenities, such as restaurants, housekeeping, and... 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 »Schedule a demo
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