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Page 40 — COLORADO REAL ESTATE JOURNAL — December 7-December 20, 2016
Construction Starts
Madrona Point Development began construc-
tion of a new memory care and independent
living community, Springs Ranch Memory Care,
in September. The property, located in northeast
Colorado Springs, includes 60 units/72 beds of
memory care and 12 independent living cottages.
The general contractor is Koelsch Construction
and the property is expected to open in summer
2017.
Erickson Living-Wind Crest is an existing 785-
unit independent living community that began
construction of Mt. Rosa Court, a 126-unit inde-
pendent living building, in September. The archi-
tect is JHP Architects and the general contractor
is Brinkmann Constructors. The new building is
expected to open in February 2018.
River Valley Inn, a 60-bed skilled nursing facil-
ity in Del Norte, began construction in June. The
property will be owned and managed by C&G
Health Care Management Inc., which also owns
and/or manages eight skilled nursing facilities –
six in southwestern Colorado and two in Arizona
and New Mexico. No additional information was
provided by the developer.
MGL Partners, Blue Moon Capital Partners and
Leisure Care began construction in September
of Carillon DTC Senior Living, a 165-unit inde-
pendent living and assisted living property with
24 memory care units. The general contractor is
Milender White and the architect is Parikh Ste-
vens. The property will be managed by Leisure
Care and is expected to open in mid-2018.
Parkside Village is a 130-unit independent liv-
ing property in Aurora that began construction in
August. The property will be owned by Parkside
Village Retirement Community LLC and managed
by Resort Lifestyle Communities. The property is
adjacent to Shalom Park. The general contractor
and architect is Cameron General Contractors.
The property is expected to open in January 2018.
Sable Ridge Apartments is a 60-unit, income-
restricted, age-qualified apartment property
funded with 4 percent low-income housing tax
credits that began construction in September.
The property, located in Denver, is a second
phase of development to Sable Ridge Residences,
which is also funded with 4 percent low-income
housing tax credits. The architect is David Lang-
ley and Associates and the general contractor
is Spectrum General Contractors. The property
owner is Sable Ridge Apartments LLC and the
management company will be Kenneth A. Walker
and Associates.
Melody Senior Living is a 57-unit assisted living
and 22-unit memory care community in Colora-
do Springs broke ground in October. The architect
is Lantz-Boggio Architects and the general con-
tractor is Cedarwood Development. The property
is being developed by Cedarwood Development
and will be managed Cappella Living Solutions.
Openings
Physicians Development Group held a grand
opening ceremony for its new 48-unit skilled
nursing facility in Louisville, Flatirons Health
and Rehabilitation, in August. The architect and
contractor was The Neenan Co., and the property
will be managed by Axiom Healthcare Services.
Washington County Nursing Home held a
grand opening ceremony for its four-house,
40-unit “Green House” skilled nursing commu-
nity Sept. 13. The Green House replaces the dated
existing facility. The architect was Lantz-Boggio
Architects and the general contractor was GH
Phipps Construction.
Christian Church Homes, a not-for-profit senior
housing owner and developer based in Oakland,
California, opened Hatler-May Village, a 77-unit,
age-qualified, income-restricted apartment
community, in September. The project received
an award of 9 percent low-income housing tax
credits from the Colorado Housing and Finance
Authority.
The Peaks at Old Laramie Trail is a 40-unit
assisted living and 28-unit memory care property
in Lafayette that opened in September. The archi-
tect was Pi Architects and the general contractor
was SCI Construction. The property is owned by
Meridian Realty Advisors and managed by Inte-
gral Senior Living.
Legacy Village at Castle Pines is a 66-unit independent living, 79-unit assisted living and 31-unit
memory care community. Site work began in August with an official groundbreaking ceremony in late
September. The architect is Lantz-Boggio Architects and the general contractor is Shaw Construction.
The property will be owned by Western States Lodging II LLC and is expected to open in October.
United Properties, with offices in Denver and Minnesota, and Balfour Senior Living, based in Louis-
ville, are partnering on a new assisted living and memory care community called Balfour at Littleton.
The architect is DTJ Design and the general contractor is Bradbury Stamm. Construction on the project
began in September and the property is expected to open in third-quarter 2017.
Health Care & Senior Housing Spotlight