Tag Archives: CCRC

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Masonic Homes of Kentucky Marks 150 Years With Growth

Masonic Homes of Kentucky (MHKY) has been serving the Bluegrass State since the close of the Civil War. That’s many decades of service and many lives touched. Today, the MHKY campus in Louisville is home to a variety of senior living and care options — and those options are expanding in 2017.

MHKY is in the process of adding two new communities to its campus — The Meadow and Grove Pointe. The Meadow will be a 122-unit independent living center that also includes an 80-seat movie theater, a 300-seat performance space, a café and other amenities. The Grove will be a 48-unit assisted living center.

Early this year, crews were working on framing for The Meadow and foundation placement for Grove Pointe. The full project is expected to be complete in summer 2018.

As construction proceeded, the MHKY family was celebrating its significant anniversary with a gala on the 82-acre Louisville campus. Louisville’s WLKY-TV was on hand to capture highlights from the celebration. See those highlights in the video player below, as well as aerial photos of construction on MHKY’s Louisville campus in the gallery at the bottom of this page. Greystone is proud to be a sponsor of MHKY’s 150th anniversary, as well as development consultant for its expansion.

Learn more about Masonic Homes of Kentucky and its history by visiting its special 150th Anniversary website.

Here are the aerial photos showing construction of The Meadow and Grove Pointe:

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Gulf Coast Village Accepting Reservations for Expansion

A $31 million, 128-unit expansion is close to opening at Gulf Coast Village’s continuing care campus in Cape Coral, Fla. Sponsored by Volunteers of America, Gulf Coast Village spent nearly three years planning this expansion, which includes both assisted living and memory support units. And construction of the expansion, called Palmview, has been taking place on the 36 acres adjacent to the existing Gulf Coast Village community for the past 18 months.

Now, in preparation for a March opening, the community is accepting reservations from those interested in living at Palmview. Once the Palmview project is complete and fully operating, Gulf Coast Village will take on a second phase that includes the $5.9 million transformation and renovation of existing assisted living units into skilled nursing units.

The Cape Coral Daily Breeze recently shared an update on progress at Gulf Coast Village. Executive Director Kevin Ahmadi said: “I couldn’t be more pleased to bring a state-of-the-art assisted living product to the Cape Coral market. Palmview will set the standard for all assisted living facilities.”

Greystone is serving as development consultant on the Palmview project, in addition to its role as management consultant at Gulf Coast Village.

See recent aerial photos of the Palmview expansion in the gallery below. Learn more about Gulf Coast Village.

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UCF Secures BANs Financing for Legacy Pointe Project

The University of Central Florida has secured nearly $14 million in financing for Legacy Pointe at UCF, a Life Plan Community proposed for 43.52 acres just a mile northeast of campus in Oviedo. The financing arrived in December 2016 via bond anticipation notes (BANs) underwritten by Ziegler.

Legacy Pointe at UCF is expected to include 126 independent living units, 30 independent living cottages, 48 assisted living units, 32 memory support suites and 48 skilled nursing beds. Construction should begin in early 2019 with the project scheduled for completion and opening in summer of 2020.

Greystone is serving as development consultant on the Legacy Pointe project. See renderings of the planned community in the gallery below.

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The Buckingham’s Expansion Takes Shape in Houston

Scaffolding has appeared as The Buckingham expands its life plan community campus in Houston. This Senior Quality Lifestyles Corporation-sponsored community is in the process of adding 106 independent living apartments, 27 assisted living units, 18 memory support suites and 32 skilled nursing beds.

Workers are currently installing windows and exterior finishes. The project will be completed in phases, with the earliest phase opening in 2017’s second quarter.

In addition to its duties as management consultant at The Buckingham, Greystone is also serving as development consultant on this expansion project.

See construction photos below. Learn more about The Buckingham.

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Santa Marta’s Health Care Expansion Nearing Completion

Santa Marta is pushing toward completion of a health care expansion at its life plan community campus in Olathe, Kan. The $11 project will add eight assisted living units, 12 memory support suites and 18 private skilled nursing beds, as well as a new physical therapy gym.

The skilled nursing portion of the project is expected to be ready for occupancy this November. Workers are currently painting and installing flooring, tile and wall coverings. Final grading has also started in preparation for landscaping.

The assisted living and memory support portions of the project are expected to be ready for occupancy this December. Workers are currently installing showers and finishing drywall. Painting will soon commence.

In addition to its duties as management consultant at Santa Marta, Greystone is also development consultant on this expansion project. See photos of progress in the gallery below.

Learn more about Santa Marta.

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Growth Continues at Masonic Homes of Kentucky

Louisville’s finest life plan community continues to grow thanks to a stellar brand reputation, strong demand and a mission that seeks to provide outstanding senior living options.

Masonic Homes of Kentucky broke ground this month on The Meadow, a 122-unit independent living community that will include an 80-seat movie theater, a 300-seat performance space, a café and other amenities.

“When we take on a project like The Meadow, we do so with our key values in mind: growth, innovation, remarkable service and passion above all,” said MHKY President and CEO Gary Marsh in an Insider Louisville story.

The Meadow is nearing 90 percent in presales, which is the same marketing success that MHKY has enjoyed with previous projects on its 82-acre Louisville campus. An upcoming bond issue is expected to finance the $44 million needed for The Meadow plus an additional $14 million for Grove Pointe, an assisted living center also planned for MHKY’s Louisville campus.

Greystone is serving as marketing and development consultant on The Meadow project. Other project team members include Reese Design Collaborative, Paul Mattingly/Congleton-Hacker Constructors and AG Architecture.

See the groundbreaking ceremony using the video player below.

Learn more about Masonic Homes of Kentucky.

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Photos: Recapping The Greystone Event 2016

Another summer, another Greystone Event that included education sessions, networking and a chance for attendees to mingle with other senior living professionals from around the country. This year’s theme of “Lead, Plan, Act: Become a Growing Provider in a Growing Industry” guided our two days of education sessions, including sessions that addressed:

  • Rising Trends in Senior Housing
  • Merging Organizations
  • Strategic Planning
  • Serving the Middle Market
  • For-Profit Competition
  • Delivering Resident-Centered Care
  • Strategic Pricing
  • Marketing Strategies for Communities New and Old
  • Community Management Success Factors

Thanks to all who attended and helped make this another successful gathering. See photos from The Event in the gallery below, and save the date to join us for next year’s Event — July 12–14, 2017 in Irving, Texas.

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Gulf Coast Village’s Expansion Pushes Toward Completion

Work continues on an expansion project at Gulf Coast Village, a Volunteers of America-sponsored continuing care retirement community in Cape Coral, Fla. The expansion includes a new health center that will include 80 assisted living units and 48 memory support units. A second phase will include redevelopment of the existing skilled nursing center, resulting in a total of 105 beds.

Gulf Coast Village first opened in 1989. Greystone is serving as development consultant on this expansion project in addition to its duties as management consultant.

See photos of Gulf Coast Village’s expansion take this month in the gallery below. Learn more about Gulf Coast Village.

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Update: See the Agenda for The Greystone Event 2016

The agenda is now available for The Greystone Event 2016, taking place July 13–15 at the Four Seasons Resort and Club Dallas at Las Colinas. Here’s a look at this year’s collection of topics relevant to today’s changing environment as well as speakers who have the experience and knowledge to address them:


Lead, Plan, Act: Become a Growing Provider in a Growing Industry


Wednesday, July 13

Welcome Reception


Thursday, July 14

Welcome and Introduction: Mark Andrews (Greystone)

The Shape of Things to Come? John Spooner (Greystone)

The Big Merger—Driving Mission and Leadership: John Cochrane (Cornerstone Affiliates), Randy Stamper (ABHOW)

Moving Intentionally, Advancing Intentionally: Diane Hood (Mary’s Woods at Marylhurst), Stuart Jackson (Greystone)

The Bigger Question: How to Serve the Middle Market: Brad Straub (Greystone), Robert Green (Greystone), Patt Brewster (Greystone)


Friday, July 15

Welcome and Recognizing Excellence—The 2016 Greystone Diamond Awards: Jim Knox (Greystone)

Why the For-Profits are not Afraid of Non-Profits and Why Non-Profits Should be Afraid of For-Profits: Mary Munoz (Ziegler)

Unraveling Health Care’s “Resident Centered” Puzzle—Design, Mix, Program and Price: Sue Plasterr (Greystone), Mindy Cheek (Greystone), Kristi Cavrich (Greystone)

Resident Pricing That Rocks: Tricia Mackin (Greystone), Matt Aubè (Greystone)

Selling New and Old—Expanding and Keeping Full: Mary Jane Fitts (Greystone), Sharon Hutson (Greystone), Teri Lock (Greystone)

Driving Organizational Strategic Thinking: Kassi Shaw (Greystone), Kevin Bedford (Greystone), Tom Keegan (Greystone)

Key Factors in Driving Success for Today’s Operating Communities: Harold Weyand (Greystone), Steve Ailey (Greystone), Andrew Leech (Greystone)

Closing Remarks: Mark Andrews (Greystone)


Contact us if you’re interested in attending The Greystone Event 2016. See highlights from last year’s Event, or see photos in the gallery below.

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Nakoma Sky Logo

Nakoma Sky: Coming to Greater Tucson in 2019

La Posada will soon grow its presence in Southern Arizona with the development of Nakoma Sky, a community planned for Oro Valley just north of Tucson. This new community’s budget is expected to be between $90 and $100 million, and it should open in 2019.

Nakoma Sky will include 218 independent living units, 24 assisted living units and 24 memory support suites in a 50,000-square-foot structure on a 70-acre campus. It will feature amenities like resident lounges, a library, a fitness center overlooking the Catalina Mountains, art studios, meeting spaces, a salon, dining and recreation venues as well as a 3,400-square-foot infinity pool.

Marketing of Nakoma Sky is underway with Greystone serving as marketing consultant. The community began taking deposits in March, and future residents have already secured 71 apartments.

In addition to Greystone serving as marketing consultant, La Posada has also brought on three: living architecture to design the community, Diversified Design and Construction to serve as contractor, Talley Associates to handle landscaping and THW Design to design the interior.

See renderings of Nakoma Sky in the gallery below.

Learn more about the Tucson area’s next senior living community.

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