Senior housing

Lane4 breaks ground on two senior living communities

LANE4 Property Group began construction on two sites within the Kansas City metro for its newest independent senior living development concept, Novel Place.

The facilities are located at 95th and Metcalf in Overland Park, and Hwy 40 and Hwy 7 in Blue Springs.

“Novel Place is setting a new standard for affordable, yet convenient, independent senior living. Future residents will have access to more amenities without having to break their bank,” said Hunter Harris, Lane4 partner.

Novel Place’s mission revolves around providing each resident with an improved sense of lifestyle rather than just a place to call home. Home health, dining, wellness, and transportation programs are available to future residents; each thoughtfully crafted to enhance the residents’ experience.

“We’re thrilled both Novel Place locations will be joining neighborhoods in Kansas City that already embody a strong sense of community,” Harris said.

Novel Place offers refined common areas, outdoor courtyards, an in-house fitness studio, and multiple gathering spaces for residents and their guests.

Each location features 134 apartments in a three-story building with a variety of studio, one, and two-bedroom floor plans.

“Our ergonomically friendly features, relaxed contemporary coastal design, and passionate commitment to foster a true sense of community are the cornerstones of our mission,” said Deb Wagner, Novel Place vice president of senior living.

“In our minds, it’s not just about constructing a building; it’s about providing a safe and affordable solution where neighbors can enjoy, support, and celebrate each other,” Wagner said.

Omaha-based, NewStreet Properties, LLC, has joined LANE4 as investment partners for both Novel Place locations. Architectural services for each project will be provided by Davidson Architecture and Engineering and construction services will be provided by Centric.

Academy Bank will provide financing for Novel Place of Blue Springs and Security Bank will provide financing for Novel Place of Overland Park.

Both locations are expected to be open by Summer of 2020.

Astoria Healthcare Properties adds senior living to the map

The Retreat of Alameda will be the first senior living facility for Leawood, KS-based, Astoria Healthcare Properties, who has typically developed ambulatory surgery centers, surgical specialty hospitals and medical office buildings.

The assisted living and memory care facility consists of approximately 93,000 SF with 72 apartments for assisted living, and 38 memory care apartments in a separate, secured setting.

“Adding senior living as a product type is a natural extension for us. Our expertise is developing healthcare facilities with the goal of providing higher quality care at a lower cost. Not only is the demand for senior living increasing, but the ability to provide a product that provides quality care at an affordable price is in greater demand," said John Foudray, Astoria Healthcare CEO.

Amenities include a full kitchen and private dining room with wood slat ceilings, contemporary café/pub, theater, therapy room, fitness center, salon/barber, multi-activity room, lounge and outdoor courtyards. A looped walking path is connected to a central outdoor atrium, giving residents the opportunity to be outdoors on their own. The entire facility will be steel-framed and have an emergency generator system.

The facility, designed by triARC Design, provides a fresh take on traditional senior living, focusing on the current generation of design-savvy seniors who appreciate a more contemporary aesthetic.

"The design story revolves around how different people approach the concept of “retreat, ” said Jon Hanna, triARC Design senior project manager. "Each space gives a different way to retreat; to wander, to contemplate, to be vibrant, and to decompress."

The Retreat at Alameda will be managed by Paradigm Senior Living, a national provider of management services to the senior housing industry. Paradigm has assisted in operation of more than seventy senior living communities, totalling 8,500+ living units, valued at more than $1B.

The project is located in northern Phoenix, at 1920 W. Alameda Rd., an area currently undergoing rapid residential development. Construction on the project is scheduled to commence in September with completion in March 2021.

Astoria Healthcare Properties is owned by Nueterra Capital, a private equity company investing in healthcare and technology companies.

Hunt Midwest and Principal Senior Living Group open ninth Benton House

Hunt Midwest, in partnership with Principal Senior Living Group, recently welcomed the first residents to Benton House of Olathe, its newest assisted living and memory care community located at 15700 W. 151st St. in Olathe, KS.

“Benton House of Olathe is situated amongst several established neighborhoods, providing area seniors needing assistance with daily activities the option to remain in the same community, close to friends and family,” said Ora Reynolds, president and CEO of Hunt Midwest.

“Excellent schools, city services and a full range of housing options have made Olathe a popular choice for families to call home, but market research indicated a gap between demand and the availability of high-quality senior housing. Our team is thrilled to offer Benton House of Olathe to meet the current and ongoing needs of seniors and their families for first-class assisted living and memory care.”

This is Hunt Midwest and Principal Senior Living Group’s ninth metro area Benton House community; more than double the number locations initially planned by the partnership when it entered the Kansas City senior housing market in 2011.

“The success of Benton House senior living communities has significantly outpaced our initial projections in terms of capital investment and number of locations," Reynolds said. "Our investment of $85M in senior housing development has subsequently resulted in the creation of more than 700 jobs to support the construction, management and operation of our Benton House locations.

Benton House of Olathe incorporates a variety of indoor and outdoor amenity spaces and 55 studio and one-bedroom apartment suites arranged in a figure eight around two landscaped courtyards. Also offered is the Beacon Neighborhood, an exclusive, secured area dedicated to residents in need of additional memory care services and support.

“Our award-winning team takes great pride in providing compassionate, individualized care to residents and their families,” said Kyle Diekmann, chairman of Principal Senior Living Group. “Benton House offers a variety of programs and events designed to promote an engaging, active lifestyle for our residents. We’re proud to have earned the reputation of being a wonderful place for area seniors to call home.”

Traditional architecture and interior design give Benton House of Olathe a classic, timeless look that complements the surrounding neighborhood. Elements include a neutral color palette and mix of stone, brick and stucco on the façade, lush landscaping, and signature white cupola atop a sweeping, covered front entry.

The single-story, 52,000-square-foot building is situated on 4.4-acres, allowing ample room on the site for future expansion of the Beacon Neighborhood with minimal impact to residents living at Benton House or nearby.

Hunt Midwest and Principal Senior Living Group currently own and operate a portfolio of six Benton House locations that include Benton House of Olathe, Benton House of Staley Hills, Benton House of Lenexa, Benton of Tiffany Springs, Benton House of Raymore and Benton House of Blue Springs. Previously owned locations include Benton House of Shoal Creek, Benton House of Lee’s Summit and Benton House of Prairie Village.

The company’s Benton House assisted living facilities serve seniors who don’t want or need a nursing home, but who are weary of home upkeep, in need of a little personal assistance or simply desire to have more interaction with others. The company currently owns/operates 25 Benton House assisted living and Alzheimer’s/memory care service centers.

Hunt Midwest senior housing expands into Florida, Tennessee

Hunt Midwest is extending its senior housing reach outside the Kansas City region, announcing plans to build an 84-unit assisted living and memory care community in Royal Palm BeachFlorida.

The 76,200-square foot Capstone at Royal Palm will offer residents resort-style living in a secure environment, with Mediterranean architecture and amenities such as fitness center, bistro lounge, sunroom, walking trails, gazebo and dog park.

"To continue our growth in the senior housing space, Hunt Midwest began looking at dynamic markets in the southeast to develop first-class assisted living and memory care communities," said Ora Reynolds, president and CEO of Hunt Midwest. "About that time, the Village of Royal Palm Beach recognized a desire to provide its senior population with assisted living and memory care services in quality projects or risk losing their residents to neighboring communities. The timing was ideal for us to meet that need, which led to our purchase of this highly desirable infill site..."

In addition to the Royal Palm project, Hunt Midwest has signed contracts to purchase land in the fast-growing Nashville, Tenn. suburbs of Mt. Juliet and Gallatin, with plans to develop two additional Capstone communities in that market.

Hunt Midwest has aligned with nationally recognized operating partner Integral Senior Living for the Capstone at Royal Palm. Construction will begin this fall with an opening expected in late 2019.

 

Rainen Companies' new senior living concept eyes '55 and better' niche

Liberty at Shoal Creek, a $25.8 million luxury senior rental housing development concept developed by Rainen Companies, recently opened in the Northland. Located on six acres at NE 82nd Terrace and Farley Avenue in Kansas City, Mo., the community is geared to active Baby Boomers and seniors. Longtime Kansas City developer Mike Rainen recently sat down with MetroWireMedia to share more about the project.

MWM: What inspired you to develop this lifestyle concept?

MR: We wanted to provide a business solution to the Baby Boomers that are historically a moving wave. It wasn’t a surprise that this age group and demographic is growing, but the anomaly was the fact that they are maybe seeking different housing solutions. In 2013, we saw there was an age bubble or wave coming through, and we wanted to ride the wave. So we teamed up with Carl Yaeger and Yaeger Architecture to bring this concept to reality.

MWM: Tell us more about the trends that informed your design decisions?

MR: We conducted years of research as to what this group would desire and need. We secured a trademark for the term ‘55 AND BETTER’ to clearly define our target market and then we worked to provide features that are specific to the needs, lifestyle and life stage of that market segment. The result is a product that meets requirements of seniors pretty much in lockstep, but then we’ve taken our own little twist on what we think this group wants. 

MWM: Describe what differentiates Liberty at Shoal Creek from other senior housing products on the market?

MR: Along with Yaeger Architecture, we have created amenity-rich community for active Boomers and seniors, with features such as a putting green, movie theater with luxury seating, outdoor living spaces, indoor/outdoor pool and hot tub, fitness center and business center, all of which are specific to the needs of that market segment. 

MWM: Clearly you’re expecting strong demand for amenity-rich senior housing geared to active lifestyles. How competitive is that market?

MR: People are excited about what we are doing. Most competitors in senior housing are changing up their product to respond to this active market, so our main competition is people choosing to stay in their existing homes. 

MWM: Are you planning to expand Liberty at Shoal Creek? What about additional locations?

MR: The property includes land for a planned second phase, which would add additional parking and 60 new units, for a total of 245 apartments. We are in the process of replicating the concept, both in the Kansas City area and outside the region. We have locations under contract, but we aren’t releasing details just yet.

Liberty at Shoal Creek is the seventh area development owned or co-owned by Michael Rainen, a native Kansas Citian, businessman and real estate developer.

Check out a slideshow of Liberty at Shoal Creek below or click here for additional photos.