- Russell Construction Co. has proposed The Point, a three-phase $42 million, senior living community on about 9 acres in Moline, Ill. According to The Dispatch, a local newspaper, the $25 million first phase of development would include 65 independent living units, 52 assisted living units and 18 memory care units. The $11.9 million second phase would include 77 independent living units. The $5.1 million final phase would include more assisted living units, plus medical offices.
- Covenant Place recently broke ground for the $19.7 million first phase of a three-phase, $82.5 million project to replace its existing facilities on the Jewish Community Center’s Millstone Campus in St. Louis County, Mo. Phase 1 plans include 101 one-bedroom, rent-subsidized apartments. The overall plan calls for a total of 355 apartments in three new four-story buildings, as well as a senior services center. After the first building is ready, residents will be moved from one of the “functionally obsolete” existing buildings, Covenant Place officials say. Then the old building will be razed, making way for another new building which, when completed, will in turn be filled by residents from one of the other existing buildings, and the process will continue. Phase 1 is to be completed by April 2016. Phase 2 construction is to begin in late fall 2016 and be completed by early spring 2018. The developer and architect are McCormack Baron Salazar and KAI Design & Build, both of St. Louis.
- O’Reilly Development Co. LLC of Springfield, Mo., has proposed the $25 million, 218-bed St. Charles Senior Community in St. Charles, Mo. The St. Louis Business Journal reports that the community would include 90 independent living beds and 128 assisted living beds. O’Reilly has already filed a Certificate of Need (CON) with the Missouri Health Facilities Review Committee for the assisted living portion of the project, which will include 48 memory care beds and would account for about $16 million of the total cost. The architect is Stark Wilson Duncan Architects Inc. of Kansas City, Mo.; the contractor for the assisted living facility would be BUILD LLC of Springfield; and the operator would be Arrow Senior Living St. Charles LLC. If approved, the project is slated to be completed and licensed by June 2017.
- WB Properties Olive LLC of Chesterfield, Mo., is seeking rezoning, site plan review, and preliminary and final development plan approval from the city of Richmond Heights, Mo., for a $22 million, 82-unit assisted living and memory care community called The Lucerne. The memory care unit with 16 private rooms and six shared rooms, and the assisted living wing would include 27 studio apartments, 31 private units and two semi-private units. The architect is Paul Ryan Design Group of Dallas, the general contractor is Brinkmann Constructors of Chesterfield and financing is being provided by ANB Bank of Denver.
- Cypress Cove, a CCRC in Fort Myers, Fla., is plans to complete construction next year of the $18.5 million, two-story, 40,000 square foot Memory Care Residences at the Cypress Cove. The project will add 44 private apartments organized into four “households.” The 48-acre Cypress Cove campus, which also includes independent living, assisted living, skilled nursing and rehabilitation units, is near Lee Memorial Health System’s HealthPark Medical Center.
- Avison Young Principals Jim Kornick and Chip Ryan, based in the firm’s Washington, D.C., office, recently facilitated the $18 million sale of Residence on Greenbelt, an 89-unit assisted living and memory care community in Lanham, Md. Capitol Seniors Housing of Washington was the buyer. The seller, IntegraCare Corp., had acquired the underperforming property out of distress, invested $2 million in capital upgrades, made operational improvements and raised occupancy to 88 percent by the time of sale. IntegraCare retained Avison Young to market the property, which Mr. Kornick says represented an opportunity for the buyer to acquire a recently renovated facility positioned for additional income growth. The sale was the third senior housing transaction brokered by the Avison Young team during the past year.
- Avanti Senior Living of Spring, Texas, has two new assisted living and memory care communities under construction north and northwest of Houston. Avanti at Vision Park is being built in Shenandoah, Texas, and Avanti at Towne Lake is being built in Cypress, Texas. Both facilities will consist of 77,000 square feet with 50 assisted living suites and 40 memory care suites, and each will cost about $15 million, according to local media. The architect for both communities is PRDG of Dallas, and brokerage and development services for both projects are being provided by Cypressbrook Co. of Houston.
- Oxford Senior Living of Wichita, Kan., plans to add a $15 million independent living development at its campus, The Oxford Grand, in Wichita. The Wichita Business Journal reports that the company expects to start construction this summer on the four-story, 124,000 square foot, 112-unit Oxford Villa, which will complement the 77-unit Oxford Grand assisted living and memory care community, which opened in fall 2013. Construction will take about 14 months to complete. The project architect for the expansion is LK Architecture of Wichita.
- American Baptist Homes of the West (ABHOW) is wrapping up a $12 million expansion at its Trail Ridge Retirement Community in Sioux Falls, S.D. The Sioux Falls Argus Leader newspaper reports that the project added 40 assisted living apartments and will add 22 memory care units later this year.
- Cedar Hill CCRC recently opened the $10.64 million 40,000 square foot expansion of its independent and assisted living wing and new memory care center at its campus in Windsor, Vt. The project, which more than triples the size of the community to 59,720 square feet, was designed by Mackenzie Architects of Burlington, Vt.
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