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— Health Care Properties Quarterly — January 2018

www.crej.com

Construction Starts

M.E.M. Westminster Property LLP broke ground

on Vistas at Panorama Pointe in Westminster

in September. Vistas is a 69-unit, age-qualified,

income-restricted apartment property, funded

with 4 percent low-income housing tax credits

and state tax credits. Vistas is adjacent to Resi-

dences at Panorama Pointe, an age-qualified,

income-restricted apartment property that

opened in 2011. The general contractor is Shaw

Construction and the architect is LAI Design

Group. The property will be owned by M.E.M.

Westminster Property LLP.

Frasier, a community in Boulder that includes

independent living, assisted living, memory care

and skilled nursing, began construction on a

98-unit independent living expansion in October.

The new independent living building is part of

a larger master-plan expansion that will later

include a new arts and education building, an

expanded wellness center, as well as extensive

renovations of dining venues. The general con-

tractor is Pinkard Construction and the architect

is Hord Coplan Macht Architects.

Epoque Golden, a new 120-unit, market-rate, age-

qualified apartment property, began site work in

November. The architect is Lawrence Group and

the general contractor is FCI Constructors. The

property is being developed by Forum Real Estate

Group.

Gunnison Valley Health Senior Care Center, a

50-bed skilled nursing facility, began construc-

tion in August. This new facility will replace the

existing skilled nursing building and will include

mostly private rooms. Of the 50 skilled nursing

beds, 12 will be secure memory care beds for

patients with dementia. The architect is Davis

Partnership Architects. The property will be

owned by Gunnison Valley Health and is expect-

ed to open in the fall.

Senior housing and care construction

starts, openings

September, October, November 2017

Senior Housing & Care

Golden Lodge Senior Living, a 70-unit assisted living and 36-unit memory care property in Golden,

began construction in August. The architect is OZ Architecture and the general contractor is Shaw

Construction. The property will be owned by Golden Lodge Senior Living LLC and will be managed by

WellAge Senior Communities. The property is expected to open in late 2018.

Resort Lifestyle Communities began construction of Sky Pointe Retirement Resort, a new 130-unit

independent living property in Littleton, in July. The property will be owned by Sky Pointe Retirement

Community LLC and will be managed by Resort Lifestyle Communities LLC. The general contractor

and architect is Cameron General Contractors. The property is expected to open this month.

Construction of Balfour at Lavender Farms, a 57-unit assisted living expansion to the existing Balfour

Senior Living campus in Louisville, began in October. The general contractor is Brinkmann Constructors

and the architect is DTJ Design. The property will be owned and managed by Balfour Senior Living.

Real Estate Equities Development LLC began construction of Village Cooperative of Fort Collins, a

52-unit, age-qualified, market-rate cooperative community with member buy-ins. The general con-

tractor is Halcyon Construction and the architect is REE Architecture LLC. The property is expected to

open this year.