Senior Living Development News, June 19, 2014 - Spectrum opens Meadow Brook Senior Living, Erickson Living’s third CCRC in New Jersey—underway and selling well, Jewish Home Lifecare offers affordable assisted living in the Bronx...

 

June 19, 2014:

Your biweekly update on people, places, projects, plus...

 

Top Senior Living Developments

Name

Type

Developer

Cost

Conifer Village at Rittenberg,
Egg Harbor City, NJ

100 IL (Affordable Housing)

Conifer Realty

$20 million

Autumn Leaves of
South Barrington,
South Barrington, IL

50 MC

The LaSalle Group

$11.1million

John Knox Village,
Lee’s Summit, MO

163 IL

John Knox Village

$90 million

 

Spectrum opens Meadow Brook Senior Living in Fishers, Indiana

Denver-based Spectrum Retirement Communities announced the completion of its newest community, Meadow Brook Senior Living in Fishers, Indiana—a fast-growing suburb of Indianapolis. The 80,250-square-foot community, located just off Easy Street in the town of Fishers, will offer a total of 88 rental units: 10 independent living, 60 assisted living, and 18 memory care. Residences include studio, one-, and two-bedroom apartments. As with all Spectrum communities, Meadow Brook hosts on-site personal care services and provides licensed professionals who offer occupational and speech therapies, monthly health screenings, and physical rehabilitation.

Meadow Brook features two levels of memory care: (1) The Residence ClubSM is a transitional memory care program that supports seniors with mild cognitive impairment yet offers a high level of independence. Residents live in their selected assisted living apartments, and groups limited to 10-12 participants socialize together and participate in structured activities based on their preferences and abilities. (2) The Path to the PresentSM program, developed by Mather LifeWays® for residents with moderate- to late-stage dementia, is a more restrictive but still homelike environment. The program caters to the individual’s unique personality, core values, and personal preferences with specialized activities designed to stimulate each person’s highest level of participation.

Meadow Brook is Spectrum’s 29th community in 11 states (from New York to Oregon) and its second community in Indiana. Vessel Architecture & Design, based in St. Louis, was the architect for Meadow Brook; Catamount Constructors, with offices in Atlanta, Denver, and San Antonio, was general contractor on the project.

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Jewish Home Lifecare offers affordable assisted living in the Bronx

Jewish Home Lifecare recently began welcoming residents to University Avenue Assisted Living, a new program on the organization’s five-acre Harry and Jeanette Weinberg Campus in the Bronx, New York. Specifically available to low-income seniors in the borough, University Avenue Assisted Living is one of the first facilities of its kind in the Bronx that is also Medicaid-eligible. The brand-new, five-story building was funded by a $26 million grant from the New York State Department of Health’s Health Care Efficiency and Affordability Law (HEAL) program.

University Avenue Assisted Living has 72 studio apartments, each with a kitchenette, private bathroom, resident-controlled heating and air-conditioning, and an emergency response system. Amenities and services in the new facility include a large dining room where residents can enjoy three daily meals, a recreation/activity room with a host of programs, a medical suite for nursing and physician services, social service assistance, medication management, personal care assistance, and light housekeeping. The urban environment allows easy access to shopping, public transportation, and community services; the building itself has 24-hour security.

Jewish Home Lifecare has served New Yorkers of all faiths and ethnicities for 166 years. Currently, the provider serves 12,000 seniors annually in their own homes and in post-acute and long-term residences on three campuses in the Bronx, Manhattan, and Westchester. On the Bronx campus, University Avenue Assisted Living joins Jewish Home Lifecare’s 744-bed long-term nursing care and short-term rehabilitation facility that also offers special memory care programs, an independent living residence, three HUD 202 residences for low-income seniors, an adult day care center, and a hemodialysis center.

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Erickson Living’s third CCRC in New Jersey—underway and selling well

Construction is underway on Lantern Hill, Erickson Living’s new, 540,000-square-foot CCRC on 21 acres in New Providence, New Jersey—about 20 miles west of New York City. This will be Erickson’s 18th senior living community and its third in northern/central New Jersey. Upon completion, Lantern Hill will have five interconnected buildings that comprise 275 independent living apartments (one- and two-bedroom units) and 85 continuing care residences that offer assisted living, memory care, long-term care, and short-term rehabilitation. Residents will enjoy a fitness facility with an indoor swimming pool, along with a wide range of services and amenities, such as restaurants, housekeeping, and social/recreational programs.
 

Lantern Hill is a “natural extension of Erickson Living’s commitment to serving the state of New Jersey,” according to Chris Emmett, Vice President of Regional Operations. The new community also reflects Erickson’s recognition of the strong demand for desirable senior living in the area, as New Jersey is the most densely populated state in the nation. Growth of the age 60+ population is forecast to increase throughout New Jersey by 58% from 2000 to 2025, according to Blueprint for Healthy Aging in New Jersey, a report published by the New Jersey Department of Health and Human Services in 2008. Erickson Living's other senior living communities in the state are Cedar Crest in Pompton Plains (Morris County) and Seabrook in Tinton Falls (Monmouth County).
 

Lantern Hill is expected to open this fall. The on-site sales office opened in April—and by May had received deposits from more than 150 people, a company record for the quickest number of apartment-home presales in one month, according to Erickson. Wohlsen Construction, with offices throughout the Mid-Atlantic region, is the general contractor; the project architect is Lantz-Boggio Architects of Englewood, Colorado.


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NEW - The Senior Care Acquisition Report, 19th Edition - Now Published!
Deals have been made. The 2014 Senior Care Acquisition Report contains private deals in this market that are frequently too small to make it into the financial press. Order by June 30th and recieve a complimentary $150 worth of deals in our online senior care m&a database. Now that’s a deal! Go to http://www.levinassociates.com/landing/scar19order or call 800-248-1668 to order today.

 

Today: Interactive Webcast:
Dual-Eligible Integration Projects: What Does It Mean For You?
Thursday, June 19, 2014, 1:00 pm ET
Several states have started dual-integration demonstration projects to achieve financial and administrative efficiencies and improve care coordination and health outcomes for participating dual-eligible enrollees. On the other hand, Medicaid managed care for skilled nursing may result in a $20-30 daily rate drop. What does all this mean for you? Go to http://www.levinassociates.com/conferences/1406b-online-conference or call 800-248-1668 to register.

 

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