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Construction: Planned
Davis Reserve plans grand opening in Florida
A new, luxury 55+ neighborhood within the Villages of Citrus Hills is set to open following a ceremony set for Nov. 5.
The segment of 55+ homes includes six customizable home designs ranging between 1,400 square-feet and 2,200 square-feet. The homes include modern exteriors, open-concept living, seamless indoor/outdoor spaces and optional private guest suites.
Construction: In Progress
NexCore Group, Nuveen and ESL announce construction starts in Colorado and Maryland
National health care real estate investment and development company NexCore Group, in partnership with Nuveen Real Estate and Experience Senior Living have announced the start of two projects: The Reserve Cherry Creek in Denver, Colorado and The Reserve Strathmore Square in North Bethesda, Maryland.
Experience Senior Living, a subsidiary of NexCore, will operate both communities under its premier The Reserve brand. Senior Housing News recently caught up with ESL and NexCore leaders to learn more about the company’s myriad development efforts currently underway.
NexCore Group / Experience Senior Living NexCore Group / Experience Senior Living“The Cherry Creek and Strathmore Square projects mark a pivotal moment in NexCore’s growth and the evolution of our senior living platform,” said Hunter MacLeod, Executive Vice President of Real Estate Development at NexCore Group.
The Reserve Cherry Creek will offer a “vibrant, walkable lifestyle” with access to nearby dining, outdoor recreation and cultural attractions with the community’s design blending contemporary architecture with warm interiors and boutique-style amenities.
The Reserve Strathmore Square is part of the Strathmore Square master planned community developed by Fivesquare Development. The community is located near public transit, adjacent to the Strathmore Music Center and overlooks a newly installed park in a “mixed-use environment,” according to the news release.
“There is a clear gap in the market for senior living communities that combine elevated hospitality, wellness, and design in walkable, highly desirable neighborhoods,” said Michael Ray, Chief Investment Officer at NexCore Group.
Erickson Senior Living starts on CCRC in Florida
Erickson Senior Living will move forward with the first phase of construction for Emerson Lakes, a continuing care retirement community under development in the Lakewood Ranch community in Sarasota County, Florida, according to a news release.
The $179.8 million construction loan will support the development of the new CCRC and will add four new businesses, one community building and three residential buildings spanning 319 independent living units. Once all phases are finished, the community will be an 87-acre campus with over 1,000 units and 130 care suites.
Construction: Completed
Affordable senior housing project opens in New Mexico
Pedrena Senior Living Apartments in Las Cruces, New Mexico is now open after a ribbon-cutting ceremony on Sept. 30, according to a news release.
The $26.5 million community will add 80 new “purposefully designed” units for income-restricted older adults with a mix of one-, and two-bedroom apartments with amenities for those 55 and up, including a common area, kitchen, two elevators, fitness room, business center, dog park, solarium, library, a fenced perimeter with security gate and ADA access to a nearby park. In-unit amenities include a washer, dryer, private patio or balcony, stainless steel appliances and locking outside storage.
The project was supported by the NM Department of Finance and Administration, the Department of Workforce Solutions – Office of Housing, the City of Las Cruces, Housing New Mexico, Doña Ana County bond issuance, CREA, Cedar Rapids Bank & Trust, Erstad Architects, Crestline Building Corporation, Tierra West and Monarch Properties Inc.
Other noteworthy projects
Construction: Planned
Construction: In Progress
- The Spinney at Van Dyke’s final phase is under construction in Delmar, New York
- CareSource announces new affordable senior housing project in Georgia.
Construction: Completed
The post In the Pipeline: Experience Senior Living Starts on Two Projects; Erickson Senior Living Plans Florida CCRC appeared first on Senior Housing News.
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