The Terraces at San Joaquin Gardens has officially announced the completion of its new Milano building, the second phase of the community’s $120 million redevelopment. Located in Fresno, The Terraces is sponsored by American Baptist Homes of the West. The Milano’s opening adds 86 new independent living units.
See new photos in the gallery below. Read the last update on The Terraces at San Joaquin Gardens. Read the press release announcing the completion of Phase II.
The Terraces at Los Altos is close to a significant landmark in its three-phase redevelopment: the opening of its new health center. This new health center includes a memory support community called “The Grove” and a skilled nursing center called “The Village.” Memory support is a new level of care at The Terraces; The Village is a replacement skilled nursing community.
Phase I is part of a $100 million redevelopment that will also include new independent living and assisted living. Once Phase I opens, the existing health center will be demolished and a new assisted living community called “The Lodge” constructed in its place. The third phase is scheduled to begin in early 2015 and will include 81 independent living units. American Baptist Homes of the West is sponsor of The Terraces at Los Altos. Greystone is serving as development consultant.
See photos of The Terraces at Los Altos in the gallery below. Read more and view additional photos taken by the Los Altos Town Crier. Learn more about The Terraces at Los Altos.
New time-lapse video shows development of The Barrington of Carmel from three different vantage points. The Barrington, sponsored by Senior Quality Lifestyles Corporation, is a newly opened continuing care retirement community in Carmel, Indiana, just outside of Indianapolis. It includes 134 independent living units, seven catered living units, 56 assisted living units, 26 memory support suites and 48 skilled nursing beds. Greystone is serving as development and management consultant.
See time-lapse construction of The Barrington’s commons, independent living and skilled nursing areas using the video players below.
Learn more about The Barrington of Carmel.
One of America’s largest newspapers reported this month on non-profit continuing care retirement communities and how “faith-based housing meets evolving needs.” The story ran in the March 13 print edition of the New York Times, and it focuses on the recent increase in occupancy and new development. The writer quotes John Kotovsky of Lutheran Senior Services, John Diffey of Kendal Corporation, Dan Reingold of Hebrew Home at Riverdale, Larry Minnix of LeadingAge and Dan Hermann of Ziegler.
Read an online version of this story on the New York Times website.
SantaFe Senior Living has announced the closing of $68,950,000 in bond financing for East Ridge at Cutler Bay, its continuing care retirement community in Cutler Bay, Florida, just south of Miami. Proceeds from these bonds will go toward repositioning at East Ridge, which first opened in 1965. Phase I includes 90 new assisted living units, 31 new memory support units and 74 new skilled nursing beds. This first phase will replace existing assisted living and skilled nursing units.
Greystone is serving as development consultant. Ziegler served as underwriter on this financing.
Read more about this bond financing.
Learn more about East Ridge at Cutler Bay.
More than 50 senior living executives representing 25 non-profit providers attended this year’s Ziegler Greystone Executive Symposium, held Feb. 26 to 28 in Phoenix, Ariz. One of the eight education sessions focused on the residential real estate market and how it affects senior living communities. The Cromford Report’s Tina Tamboer looked at nationwide trends as well as specific markets represented by attendees.
See Tina’s full presentation in the video player below.