Tag Archives: expansion

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Gulf Coast Village Opens Health Care Expansion

Community leaders, representatives from Volunteers of America and others gathered earlier this month for the grand opening of Palmview, a health care expansion at Gulf Coast Village’s continuing care campus in Cape Coral, Fla.

Sponsored by Volunteers of America, Gulf Coast Village first broke ground on this expansion project in fall 2015. The $31 million expansion project includes 80 new assisted living units and 48 new memory care suites in a 130,980-square-foot, three-story structure.

The finished result is receiving rave reviews:

“We couldn’t be more proud that the vision is finally coming true,” Gulf Coast Village Executive Director Kevin Ahmadi told CapeCoral.com. “We set that vision out a couple of years ago and to see it begin to take shape is very rewarding.”

“This is something we are in dire need of in our city,” said Cape Coral Economic Development Manager Dana Brunett. “We have a large deficiency in assisted living facilities in Cape Coral. We have a couple more coming online over the next 18 months. It just shows that our city is growing and the amenities necessary to support that are coming online. This project and those like them are a critical aspect of our growth.”

“We wanted a wow factor,” said Volunteers of America Executive Vice President Wayne Olson. “Not only a facility to meet residents’ basic needs but a building people wanted to come to.”

Greystone served as development consultant on the Palmview expansion in addition to its role as management consultant at Gulf Coast Village.

Learn more about Gulf Coast Village.

See CapeCoral.com’s photos of the Palmview expansion.

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Marketing Professionals Honored at Sales Adventure 2017

For the 37th year, marketing and sales professionals from around the country gathered for Greystone’s Sales Adventure — a conference that delivers education and motivation to senior living sales team members.

This year’s Sales Adventure included a Yacht Rock theme. It took place April 26-28 in Southlake, Texas, and the conference featured sessions that addressed a wide range of relevant topics, including:

  • Breaking the voicemail barrier
  • Goal-setting
  • Teamwork
  • Building and developing strong sales teams
  • Referral programs
  • Engaging residents’ families through technology
  • More

One of the highlights of each year’s Sales Adventure is an awards dinner during which leading sales teams and individuals are honored for their work over the past year. Here’s a look at the 2017 winners:


SA 2017 5

Expansion Sales Team of the Year: Mary’s Woods (Cheri Musotto-Conyers, Sue Black, Kristi Kane, Scott Warden, Kristen Smith)


SA 2017 7

Blue Sky Sales Team of the Year: Nakoma Sky (Tim Carmichael, Nancy Karner, Linda Warkomski)


SA 2017 3

Marketing Community of the Year: Edgemere (Vanessa Curtright Bowles, Rochelle Humphrey, Monika Pearce, Susan Briscoe, Joel Hernandez)


SA 2017 8

Cherie Litton, Marketing Director of the Year, Edgewood Summit


SA 2017 6

Melissa Heiss, Sales Director of the Year, The Stayton


SA 2017 4

Heather Lince, Marketing Assistant of the Year, The Terraces of Boise


SA 2017 1

Lydia Sanchez, Admissions Coordinator of the Year, Mirador


SA 2017 2

Armando Barrera, Community Liaison of the Year, Mirador


SA 2017 9

Shannon Volin, Senior Living Counselor of the Year, The Amsterdam at Harborside


Operational Sales Team of the Year: The Barrington of Carmel (Nikki Meeker, Penny Hurst, Janine Short)

Penny Hurst, RHINO AWARD, Barrington

Nancy Durant, RHINO AWARD, Santa Marta

Monika Pearce, RHINO AWARD, Edgemere

Janine Short, RHINO AWARD, Barrington

Susie Herrmann, Health Services Sales Counselor of the Year, Barrington

Kristi Kane, Newcomer of the Year, Mary’s Woods

Elaine Lucchesi, Senior Living Counselor of the Year, The Amsterdam at Harborside


Congratulations to all of this year’s winners!

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Mary’s Woods Finances for Growth

On the banks of the beautiful Willamette River, a 16-year-old non-profit senior living community is capitalizing on its strong market reputation to grow for the future. Mary’s Woods at Marylhurst financed its existing continuing care campus in 1999 and it first opened in 2001.

Located in the Portland suburb of Lake Oswego, Ore., the community currently includes 233 independent living units, 50 independent living villas, 55 assisted living units, 23 memory support suites, 26 residential care suites and five licensed skilled nursing beds.

In April, Mary’s Woods secured $114,815,000 in tax-exempt bond financing and $60,250,000 in tax-exempt mandatory paydown securities that will help it add more units and serve more seniors.

The expansion will be called The Village at Mary’s Woods, and it will include 144 independent living units, 48 assisted living units, two common area buildings, 152 underground parking spaces and 150 above-ground parking spaces. One of the unique aspects of the project is a residential Town Square that will offer convenient services and programs that the organization has learned its residents appreciate and need.

Construction of this expansion will take place on 12 unused acres on the community’s existing 75-acre campus. Substantial construction is scheduled to end in phases, with completion of the first buildings to begin in late 2018 and completion of the entire project in late spring or early summer of 2019.

Mary’s Woods is led by a 16-member board of directors that includes Board Chair David Galt and Chief Executive Officer Diane Hood. This expansion will help Mary’s Woods capitalize on a market opportunity and serve its waitlist that includes more than 300 prospective residents.

“At the start of this project, our management team recognized the need for outside experience and expertise, both to ensure ultimate success and to provide assurances to our board as we moved forward,” Hood said. “Greystone brought a third-party perspective and a first-party investment in the project. They also brought a strong industry reputation, which was immensely helpful in navigating the capital markets to secure financing.”

Senior Vice President Stuart Jackson led Greystone’s work on this project:

“Mary’s Woods enjoys an incredible reputation in its market, which helped this expansion sell out as quickly as any that Greystone has worked on since the Great Recession,” Jackson said. “It’s been a pleasure to support such a strong organization — Diane and her team were excellent to work with. They are making a difference in the lives of their current residents, and this expansion will help them make a difference in many more lives in the future.”

Learn more about The Village at Mary’s Woods.

See renderings of the project 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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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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Gulf Coast Village Expansion 50 Percent Complete

See progress at Gulf Coast Village, where sponsor Volunteers of America is adding a new health care center to include 80 assisted living units and 48 memory support suites. A second phase of the project calls for redevelopment of the existing skilled nursing center, which will add 20 beds for a total of 105.

Construction is now 50 percent complete. About 120 workers are on site each day, with that number set to climb to 150 in the next two months. Work should end in January 2017 with occupancy set for March 2017. The Phase II skilled nursing redevelopment will begin following occupancy of Phase I.

Located in Cape Coral, Fla., Gulf Coast Village first opened in 1989. In addition to serving as development consultant on this expansion project, Greystone is also management consultant at GCV.

See construction images in the gallery below. Learn more about Gulf Coast Village.

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Bond Financing Sparks Growth at Gulf Coast Village

Gulf Coast Village has faithfully served Floridians with high-quality continuing care services since 1989. Today, Gulf Coast Village is expanding so that it may update its community and create space to serve more seniors.

Sponsored by Volunteers of America, Gulf Coast Village is located on a 36-acre campus in Cape Coral, Fla. It currently includes 157 independent living apartments, 46 assisted living units, 24 memory support suites and 85 skilled nursing beds.

Proceeds from a $79,385,000 bond financing closed this month will fund a significant expansion and renovation project.

Phase I of the expansion will add 80 assisted living units and 48 memory support suites as part of a new assisted living center to be located on the undeveloped portion of GCV’s campus. Phase I is already underway, with completion scheduled for February 2017.

Phase II will begin shortly after the completion of Phase I, adding 24 catered living units and 20 skilled nursing beds, while also removing the original 46 assisted living units and 24 memory support suites.

The result will be a beautifully expanded and updated campus that includes a total of:

  • 157 independent living apartments
  • 24 catered living units
  • 80 assisted living units
  • 48 memory support suites
  • 105 redeveloped skilled nursing beds

The entire project should reach its conclusion by July 2017.

Greystone is serving as development consultant on this project, in addition to its long history and ongoing role as management consultant at Gulf Coast Village. HJ Sims served as underwriter for the bond financing, AG Architecture is architect on this project, and LECESSE is the construction manager.

Learn more about Gulf Coast Village.

See renderings of the expansion in the gallery below.

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Buckingham

Financing Paves Way for Expansion at The Buckingham

Proceeds from a $109.38 million bond financing closed this month will allow The Buckingham, Houston’s premier continuing care retirement community, to serve more residents and further its non-profit mission.

Since first opening in May 2005, The Buckingham has served the Houston area with high-quality continuing care services. This Senior Quality Lifestyles Corporation-sponsored CCRC sits in the heart of Houston’s Memorial-Tanglewood area; its location, plus excellent amenities and an emphasis on hospitality, have led to marketing success and an opportunity for expansion.

Expansion is now possible thanks to this financing, underwritten by Ziegler. After purchasing six adjacent acres in late 2014, The Buckingham will use the bond proceeds to add 106 independent living apartments, 27 assisted living units, 18 memory support suites and 32 skilled nursing beds. To accommodate the increased number of residents, The Buckingham will also add 111 underground and 292 surface-level parking spaces.

The Buckingham’s original construction included 204 independent living apartments, 43 assisted living units, 16 memory support suites and 60 skilled nursing beds on 17 acres. Once the expansion is completed, The Buckingham will sit on a 23-acre campus that includes a total of 310 independent living apartments, 70 assisted living units, 32 memory support suites and 92 skilled nursing beds.

From Greystone Senior Vice President Stuart Jackson: “SQLC has solidified itself as a leading provider of senior services in Texas and beyond, and the recent expansion and repositioning of The Buckingham will cement its position as the dominate CCRC provider in greater Houston. The enhancement of living environments on the campus will better serve current and future generations of Houstonians. The marketplace has responded quickly to this change having achieved over 65 percent presales in a matter of months while maintaining high occupancies in the existing campus. This growth at The Buckingham has tremendous potential to advance this community similar to Edgemere in Dallas in its financial strength and market potential.”

Greystone’s relationship with SQLC dates back more than a decade to when it served as development consultant on the Edgemere project in Dallas, SQLC’s first continuing care retirement community. In the years since, Greystone has served as development consultant on The Buckingham’s original construction and expansion, as well as on SQLC’s four other projects:

  • Querencia at Barton Creek (Austin, Texas)
  • Mirador (Corpus Christi, Texas)
  • The Stayton at Museum Way (Fort Worth, Texas)
  • The Barrington of Carmel (Carmel, Ind.)

Greystone also serves as management consultant at each of SQLC’s six communities — The Buckingham included.

See renderings of The Buckingham’s expansion in the gallery below.

Learn more about The Buckingham.

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Almost Complete: Punch Process Underway at East Ridge

The expansion of East Ridge at Cutler Bay is looking more and more complete as summer moves forward. New photos taken on July 9 show the installation of sidewalks, roadways and landscaping. The punch process is underway in new assisted living, memory support and skilled nursing apartments. And the project team is preparing for state health department inspections in August — and a certificate of occupancy if all remains on schedule.

East Ridge is a continuing care retirement community that first opened in 1961 in Cutler Bay, Fla. SantaFe Senior Living announced its $70 million expansion in 2013. When the expansion project is complete, East Ridge will include 195 independent living apartments, 90 assisted living apartments, 31 memory care suites and 74 private skilled nursing rooms. Greystone is serving as development consultant on the project.

See the latest aerial photos from East Ridge in the gallery below.

Click here to learn more about East Ridge at Cutler Bay.

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