More than $70 million in bond proceeds will fund a “major redevelopment” project at The Terraces at Los Altos, a CCRC sponsored by American Baptist Homes of the West (ABHOW). The Terraces is located on 6.3 acres in Los Altos, Calif.
Formerly known as Pilgrim Haven, The Terraces at Los Altos opened in 1949. ABHOW has made a series of additions through the community’s history, the most recent occurring in the late 1980s. The current redevelopment project will leave The Terraces with 105 independent living units, 30 assisted living units, 16 memory support suites and 30 skilled nursing beds. Greystone is serving as development consultant. The $71,250,000 bond issue was underwritten by Ziegler.
Learn more about ABHOW and its communities. See renderings of The Terraces at Los Altos in the gallery below.