LANTANA, FLA. — Palm Beach Club sold the 310-unit independent and assisted living community The Carlisle Palm Beach, located in Lantana, for $53 million to AEW Capital Management, who acquired the property on behalf of AEW Senior Housing Investors. Amenities include a cinema room and a card and billiard room. Ryan Maconachy and Chad Lavender of Atlanta-based ARA represented the seller. The buyer was not represented in the transaction.
DEER PARK — Boston Capital has invested in the construction of Providence Town Square Apartments in Deer Park. The planned 118-unit senior housing property will feature a 10,560-square-foot, three-level common area with an outdoor lap pool, a community room, a media room, a business center and an exercise room. The general partner is Providence Town Square Housing and the general contractor is Houston-based Blazer Building.
COSTA MESA, CALIF. — Grubb & Ellis has closed the $5.6 million sale of a 55-unit senior-housing facility located at 2619 Orange Ave. in Costa Mesa. Remodeled in 1992 and approximately 50 percent leased at the time of sale, the two-story, 112-bed building offers assisted-living and memory care. Grubb & Ellis’ Alan Ursillo, Robert Black and Sean McNee represented the sellers, Victor Charnetsky and Leticia Charnetsky, in the transaction; the buyer, Care Senior Living, represented itself.
MANDEVILLE, LA. — Wynwood of Mandeville, an 84-unit assisted living facility on 6.32 acres of land located at 1414 North Causeway Blvd. in Mandeville, has sold for $10.4 million. The facility offers both assisted-living and memory-care services and is approximately 93 percent occupied. Ben Firestone and Jacob Gehl of Marcus & Millichap's Chicago office brokered the deal on behalf of the seller, Brookdale Senior Living, and the buyer, Emeritus Corp.
MELBOURNE, FLA. – Winter Park Construction broke ground on Sonata at Melbourne, an assisted living facility that will open in January 2012. The 161,000-square-foot main building will feature 127 luxury living units for those seeking independent living, assisted living and memory care assisted living. Sonata at Melbourne will feature state-of-the-art amenities, including a movie theater, elegant dining room, bistro/pub, fitness and wellness center, exam room, library, beauty parlor, barber and full spa services.
NEW YORK CITY — Construction is complete for VillageCare Rehabilitation and Nursing Center, a 65,000-square-foot, 105-bed skilled nursing facility located at 214 W. Houston St. in New York City. Developed by the nonprofit Village Care, the facility features a physical rehabilitation room, a meditation room overlooking a landscaped courtyard, a rooftop deck, and dining and common areas on each floor. The project has applied for LEED certification. Levien & Co. was the construction manager and Perkins Eastman was the project architect.
WOODSTOCK, GA. — The NorSouth Companies has broken ground for the development of Hearthside at Towne Lake, an affordable senior living community in Woodstock. The $15.3 million community, which is restricted to residents age 62 and older, will offer 100 apartment units, private gardens, a residents' lounge and media room, a fitness center, a sunroom and a bocce ball court. Additionally, the one- and two-bedroom units will feature kitchens with pantries, ENERGY STAR appliances, microwaves, washer/dryer hookups and walk-in closets. The senior living community will serve as the centerpiece for Madison Pointe at Towne Lake, a mixed-use development in Woodstock.
CARMEL, N.Y. — Radnor, Pa.-based L&M Design has completed the Phase I design for Hillcrest Commons, a planned 76-unit senior housing community located in Carmel. The project will consist of one- and two-bedroom residences in three elevator-served buildings on 81 acres. The developer is Elmsford, N.Y.-based Wilder Balter Partners. Construction will begin in May.
VENTURA, CALIF. — NorthMarq Capital has arranged $12.5 million in financing for The Palms at Bonaventure, a 97-unit assisted-living and memory-care facility located at 111 North Wells Road in Ventura. Built in 2006, the two-story, 81,330-square-foot building includes a library, a full-service beauty salon/barber shop, whirlpools, and a dining room with fireplace and grand piano. Gordon Mickelson and Angela Jordan of Minneapolis-based NorthMarq arranged the financing for the borrower.
SEBRING, FLA. — Stevens Construction has completed the construction of the Bud & Donna Somers Hospice House and Resource Center for Good Shepherd Hospice in Sebring. Located at 1110 Hammock Road, the 33,636-square-foot hospice house offers 61 beds. The property features private suites, a children's play area, a chapel, a kitchen and a library. Architecture Inc. provided architectural services for the project.
