HAVERTON AND MALVERN, PA. — The Downtown Chicago and Philadelphia offices of Marcus & Millichap has brokered the sale of two nursing centers located in Haverton and Malvern for $12 million. The properties include Haverford Nursing & Rehabilitation Center and Main Line Nursing & Rehabilitation Center. They total 190 beds. Jacob Gehl and Mark Myers of Marcus & Millichap represented the seller and the buyer, both of which were undisclosed limited liability companies.
ATLANTA — Atlanta-based Isakson Living is eyeing a 2009 groundbreaking on its 266-unit Peachtree Hills Place retirement community. The $200 million project spans 23.3 acres on Peachtree Hills Avenue in Atlanta. The development includes a 58,000-square-foot clubhouse and a 15,000-square-foot fitness center with a pool. Delivery is expected in 2011.
MCLEANSBORO, ILL. — Swansea, Ill.-based Holland Construction Services has completed the $4 million Fox Meadows Supportive Living Facility located on South Marshall Avenue in McLeansboro. The 30,430-square-foot senior living community houses 41 studio and one-bedroom apartments. The property includes a central full-service kitchen and dining room, and kitchenettes within individual residences. McLeansboro-based Blair Minton and Associates will manage the property. Sugar Grove, Ill.-based Gleason Architects provided design services for the project.
CORPUS CHRISTI, TEXAS — Development is under way for Mirador, a 206-unit senior housing facility located at the corner of Staples Street and Yorktown Boulevard in Corpus Christi. The gated, resort-style community is located on 13 acres and features 110 independent living apartments, 40 assisted living suites, 40 skilled nursing care rooms and 16 memory support residences. Amenities at the community include a 25,000-square-foot common area that houses an on-site beauty salon/barber shop, comprehensive wellness programs, restaurant-style dining and a creative arts studio. Mirador is owned by Texas-based non-profit organization Senior Quality Lifestyles Corp. and is being developed by Greystone Communities. Architecture firm three is serving as project architect, with Gignac Landscape Architecture providing landscape architecture services and Bridget Bohacz + associates inc. serving as interior design firm. Andres Construction is serving as general contractor. The construction timetable was not released.
SWANSEA, ILL. — On behalf of Halloran Development, Holland Construction Services has completed the Cambridge House of Swansea senior living facility. Located in Swansea, the 87,500-square-foot community houses 103 apartments, all of which include emergency call systems. Amenities at the $7.3 million property include an exercise room, a television and library area, a convenience shop, and a common kitchen and dining room.
KANSAS CITY, MO. — Construction has been completed for the D.A. Holmes II Senior Apartments located at 3020 Benton Blvd., which is situated within Jackson County’s Santa Fe Place Historic District in Kansas City. On behalf of owner D.A. Holmes Senior Housing II LP, Rosemann & Associates completed architectural and interior design services for the facility. The 42-unit affordable senior housing community is 100 percent occupied. Amenities at the property include common areas, office space, a craft room, a fitness center, laundry facilities, a media library, a hair salon and a home theater. The $4.9 million project was funded by 9 percent Low Income Housing Tax Credits that were provided by the Missouri Housing Development Commission.
CHICAGO — This spring, McShane Construction will break ground on Casa Maravilla, a 70,000-square-foot affordable senior housing community located at 2021 S. Morgan St. in the Pilsen neighborhood of Chicago. The project, which will be completed in 2010, is being constructed on behalf of the not-for-profit developer, The Resurrection Project. The five-story multifamily building will house 73 studios, one- and two-bedroom units. Amenities at the property will include dining space, a community room, a therapy room, a library and a recreation room. The environmentally friendly building will include a green roof, a geothermal HVAC system, an eco-friendly elevator structure, ENERGY STAR appliances and permeable pavement. Weese Langley Weese is providing architectural services for the project. On behalf of The Resurrection Project, McShane Construction is also currently building Casa Morelos. The senior multifamily community, which is located at 2015 S. Morgan Street in Chicago, is slated for completion this summer.
PUNTA GORDA, FLA. — Punta Gorda Acquisitions Associates, a subsidiary of Pasadena, Calif.-based Evergreen Realty Group, has landed a $2.8 million loan for the purchase of the 56-unit Punta Gorda Elderly Care Center. The 15-year-old property, which spans 22,271 square feet, is located at 2295 Shreve St. in Punta Gorda. Kristopher Wood and Charlie Peterson of Philadelphia-based NAI Bluestone Real Estate Capital secured the 3-year, fixed-rate loan. Financing for the loan, which comes with a 7.75 percent rate and a 25-year amortization, was provided by the National Bank of Southwest Florida.
RYE BROOK, N.Y. — Cleveland-based Forest City Enterprises has disposed of Sterling Glen of Rye Brook, a supported-living senior housing facility located in Rye Brook. The 168-unit community traded at a price of $70 million. It was acquired by Atria Senior Living Group as part of a larger transaction, agreed upon in 2007, in which Atria has agreed to acquire a majority of Forest City’s supported living portfolio.
FORT WORTH AND DENTON, TEXAS — Irving, Texas-based The LaSalle Group is developing two new locations for its Autumn Leaves senior care brand in Texas. The new facilities will be located at 7100 Dutch Branch Rd. in Fort Worth and on Brinker Road in Denton. They will total approximately 26,000 square feet each and will feature 36 to 38 units, as well as 10,000 square feet of outside space. Amenities will include gardening areas and greenhouses, games rooms, and living rooms. Autumn Leaves specializes in memory care and assisted living services for seniors suffering from Alzheimer’s disease and dementia. The LaSalle Group is developing both projects; a partnership between LaSalle and Silverado Interest is the owner. The project architect for both facilities is Curtis Group Architects and the general contractor is Lake Superior Contracting, which is a wholly owned subsidiary of The LaSalle Group. The Fort Worth facility is under construction and is slated for a June completion. The Denton facility will break ground in March, with completion slated for November.