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In the Pipeline is brought to you by the Senior Housing News Architecture & Design Awards, an annual competition that recognizes cutting-edge design, excellence, and innovation in senior living.
JLL announces construction financing for California project
JLL Capital Markets announced the arrangement of a $51.1 million construction financing for an active adult community in Danville, California.
The community is made up of 13, one-bedroom, 29 two-bedroom and eight three-bedroom condominium units with amenities that include a lounge, game area, library, rooftop terrace, bocce ball court, fire pit, barbecue and fitness center.
The community is expected to be completed in 2025.
Friendship Village of Dublin, Crawford Hoying partner on active adult project
Friendship Village of Dublin, a life plan community, announced a partnership with developer Crawford Hoying for an active adult project known as the Bailey at Bridge Park.
The $48 million project includes 87 active adult apartments for rent.
Construction: In progress
Leasing underway for Watermark community
A new senior living community in San Jose, California, The Watermark at San Jose, is now leasing and will open by mid-year, according to a news release from Watermark Retirement Communities.
The 164-unit luxury senior living community will offer assisted living and memory care. In Silicon Valley, the community is situated in a neighborhood with parks, community events and diverse culinary options.
Layouts include studio, one- and two-bedroom apartments.
Other noteworthy projects
– Bartlett, Illinois community to undergo improvements.
– New York campus to be turned into senior living apartments.
Construction: In Progress
– Rural senior living community in Louisiana “sparks interest” in senior living
– Westmont Living opens new San Diego, California property.
– Vita New Whiteland, a new community by Vita Holdings, is now leasing.