BATON ROUGE, LA – Landmark Properties, a fully integrated real estate firm specializing in the development, construction, investment management, and operation of high-quality residential communities, has acquired The Lodges at 777, in Baton Rouge, LA. The Lodges at 777 is Landmark’s second acquisition in Baton Rouge and adds 1290 beds and 382 total units to the growing Landmark portfolio.
Constructed in 2011, The Lodges at 777 is currently 100% preleased for the fall 2023 term and is a top choice for LSU students who are looking to live close to campus in a cottage-style product with more living space and top-tier amenities.
“We’re excited to add The Lodges at 777 to the Landmark portfolio,” said Wes Rogers, Landmark’s President and CEO. “Thanks to the hard work of our acquisitions and investment team in a difficult environment, Landmark is still acquiring attractive student properties at top-tier universities across the country.”
The Lodges at 777 offers many resident amenities including a resort-style swimming pool with poolside cabanas, a two-story clubhouse with gaming areas and areas for studying, and a large fitness center including Fitness-On-Demand and a Yoga Studio. The community’s units feature contemporary furnishings, granite countertops, and stainless-steel appliances. These top-of-the-line features and amenities allow the property to stand out from other student focused assets in the area.
Category Archives: Hard Money Loans
Quarterra Multifamily Announces Start of Leasing at 379-Unit Winslow Apartments in San Diego’s University Heights Neighborhood
SAN DIEGO, CA – Quarterra Multifamily, a subsidiary of Lennar Corporation and a vertically integrated multifamily apartment builder, developer, and property manager, announced the start of leasing at its newest community, Winslow, in San Diego’s University Heights neighborhood.
One of San Diego’s historic streetcar suburbs, University Heights is a charming, intimate neighborhood bordered by Uptown and Mission Valley. Winslow honors the history and character of its location and blends it with the current energy and culture of San Diego. Embracing a bohemian spirit, the 379-home mid-rise community, with 17,818 square feet of retail, infuses creativity and tradition into a contemporary vibe and living experience.
“San Diego is a modern, forward-thinking city, and Winslow incorporates that outlook into a progressive community design while still complementing the rich history of the University Heights neighborhood,” said Dan Ferguson, SVP of Development for Quarterra. “The amenities package caters to the needs of today’s renters and remote workers and puts residents in position to take advantage of the abundance of local opportunities. We’re excited to bring an elevated residential opportunity to this highly-desirable location.”
Minutes from San Diego’s sun-drenched beaches and bustling downtown, and bordering both Hill Crest and Bankers Hill, University Heights is a walkable neighborhood brimming with an eclectic mix of restaurants, coffee shops, boutiques and artist studios lining Park Boulevard. Bars and restaurants to suit every whim are within moments of Winslow, including neighborhood hangouts like Whistle Stop and Live Wire, high-end cocktail lounges like Polite Provisions, old-school haunts such as Red Fox Steakhouse and Rudfords, and local favorites Madison and Parkhouse Eatery. Trolley Barn Park serves as the neighborhood playground for families, hosting free concerts throughout the summer, while The Diversionary Theatre puts on inspiring local productions. Just blocks away, the renowned North Park neighborhood is home to Ray Street Arts District and its 30 contemporary art galleries, as well as a popular monthly art walk. The area’s culinary delights, entertainment options and unique combination of architecture and art deliver incredible cultural diversity.
Winslow, located on the corner of Park and El Cajon at 4353 Park Blvd., offers a commuter-friendly location minutes from the CA-163 and I-805 freeways, providing convenient access to San Diego’s professional hubs and universities. The University Heights, North Park and Hillcrest neighborhoods establish the ideal staging area to explore San Diego landmarks like San Diego Zoo and Balboa Park — one of the largest urban parks in the United States and offers a plethora of recreational activities, cultural attractions, and beautiful gardens. The setting also positions residents within easy reach of San Diego’s mission-style old town and energetic downtown districts. Ocean Beach, Mission Beach, and Coronado – home to the iconic Hotel del Coronado – are all just a short drive away. Winslow also features an underground parking garage for resident vehicles, complete with EV charging.
Winslow, a LEED certified community, offers studio, one- and two-bedroom apartment homes, ranging from 484 to 1,377 square feet. The majority of the 379 homes welcome residents with expansive city views. Contemporary homes are equipped with smart thermostats, USB outlets, quartz countertops, full ceramic tile backsplashes, stainless steel appliances, undermount sinks with designer faucet hardware, and luxury vinyl plank flooring throughout. Spa-style bathrooms feature ceramic tile shower surrounds and bedrooms are designed with expansive closet space.
All residents have access to an entertainment courtyard with rocking lounge chairs, outdoor kitchen, billiard, ping pong and foosball, as well as an active pool and spa courtyard with barbeque grills and hibachi table. A 24-hour fitness center includes a yoga studio, and the co-working lounge features private conference rooms, collaborative workspaces and a coffee bar. Winslow also includes a pet spa and recreation area, bike storage and repair room, and oversized package room with package lockers.
Winslow is Quarterra’s third San Diego community, joining Luma and Shift.
WhiteHaven Completes $37 Million Acquisition of Clarendon Park Apartment Community in Revitalization Area of Midtown Phoenix
PHOENIX, AZ – WhiteHaven, a private equity real estate firm specializing in multifamily housing in Greater Phoenix, announced the acquisition of Clarendon Park Apartments in Phoenix. At takeover the property rebranded to Haven at Midtown. The community was acquired for $37 million and is WhiteHaven’s ninth acquisition in Arizona.
“We are thrilled to have had the opportunity to source this attractive investment through our network of top brokers across the Phoenix MSA,” said WhiteHaven principal Sam Grooms. “Given WhiteHaven’s history of seamless transaction execution, our firm was invited to pre-empt the marketing process and worked expediently to execute the acquisition in what has been a challenging capital markets environment. This property is an ideal addition to WhiteHaven’s portfolio due to its location, vintage, unit mix, and heavy value-add potential. Following a full-scale renovation, we believe this community will appeal to a wide range of tenant profiles, ensuring strong investment returns for our partners.”
Haven at Midtown was built in 2002 and features 138 studio-, one-, and two-bedroom units. The ample community amenities include a resort-style pool with a grilling area, a state-of-the-art gym, a dog park, garages, and covered parking. The property benefits from the redevelopment of the area with the revitalization of Park Central, the addition of Creighton University’s medical campus, and Dignity Health’s corporate office, all which have led to the area’s recent designation as a bioscience hub.
“The growth in the area has contributed to an evolution of the tenant base, yet Haven at Midtown has not seen any meaningful upgrades since being built and currently is not able to successfully fulfill tenant expectations. WhiteHaven’s preferred execution of heavy programmatic value-add will include upgrading unit interiors with new high-end cabinets, luxury appliances, flooring, and fixtures. We further plan to add electrical vehicle charging in the garages. The midtown area has become an exceptionally desirable and highly amenitized destination for young professionals, and we look forward to participating in the continued growth momentum in the area over the coming years,” said WhiteHaven principal Ben Leybovich.
WhiteHaven’s recent acquisition highlights the company’s investment strategy of purchasing core plus assets in desirable locations and performing high-end improvements to maximize the value of assets in its portfolio. WhiteHaven is entering at a low basis, far underneath replacement cost even post-renovation and targets improving the net operating income at the asset by over 50% in the first three years of ownership.
Capital Square Living Assumes Management of Four Multifamily Communities Totaling 1,040-Unit Across Multiple Virginia Metro Markets
RICHMOND, VA – Capital Square Living, the wholly owned multifamily property management subsidiary of Capital Square, one of the nation’s leading sponsors of tax-advantaged real estate investments and an active developer of multifamily communities, announced the assumption of management of four Virginia multifamily communities totaling 1,040 units.
The properties include Saltmeadow Bay Apartments in Virginia Beach, Virginia, and Sapphire at Centerpointe in the Richmond suburb of Midlothian, Virginia. Both communities are owned by Capital Square Apartment REIT, Inc., a private non-traded real estate investment trust sponsored by Capital Square that invests in multifamily properties primarily located in the Southeast and Texas. The remaining properties include Streets of Greenbrier Apartments in Chesapeake, Virginia, and Flats at West Broad Village Apartments in Glen Allen, Virginia, both of which are owned by Delaware statutory trusts sponsored by Capital Square.
Capital Square Living is in the process of assuming management of 45 multifamily communities comprising approximately 11,000 units owned by Capital Square’s affiliated apartment REIT, DST programs and opportunity zone funds.
“The assumption of property management by Capital Square Living gives our investors a competitive advantage over sponsors that use third party property managers because a single management team is now responsible for each property, from acquisition until disposition, with a laser focus on each asset, to maximize revenue, increase operating efficiency and reduce unnecessary costs,” said Louis Rogers, founder and co-chief executive officer of Capital Square.
Capital Square Living, which was founded in late 2022, now manages 10 residential communities comprised of 2,891 units. By Summer of 2024, Capital Square Living will manage over 45 residential communities comprised of over 11,000 units, and operate in 18 markets, spanning across six states and 25 cities. The firm provides comprehensive, state-of-the-art management services, including operations, maintenance, employee development and training, customer service, revenue management, marketing, budgeting, leasing and resident retention.
“By internalizing property management, Capital Square is providing best-in-class experience for our residents, from exceptional properties to outstanding customer service, and frankly, we are creating something unique in the marketplace,” said Gus Remppies, multifamily veteran and president of Capital Square Living. “In turn, our vertically integrated business model creates tangible value for thousands of investors served by Capital Square.”
Saltmeadow Bay Apartments, located at 757 Saltmeadow Bay Drive, is comprised of four four-story residential buildings with one-, two- and three-bedroom floorplans across 229 units, ranging in size from 866 square feet to 1,598 square feet. The gated community is within walking distance of Virginia Beach and features a resident clubhouse, controlled-access buildings, elevator-serviced buildings, a resort-style swimming pool, 24-hour fitness center, dog park, onsite storage and covered parking and garages.
Sapphire at Centerpointe, located at 14250 Sapphire Park Lane, was constructed in 2020 and features 192 units with one-, two- and three-bedroom layouts. Community amenities include a resort-style pool, expansive sundeck, pocket parks and a 24/7 fitness center with state-of-the-art cardio and weight training equipment. Additional amenities include quick-charge electric car charging stations, a 24/7, video-monitored package room, a fenced dog park and garage parking.
Streets of Greenbrier Apartments, located at 929 Wintercress Way, was constructed in 2013 on 13.78 acres of land. The community consists of 280 units across nine residential buildings, including studio, one-, two- and three-bedroom layouts ranging in size from 516 square feet to 1,286 square feet. Community amenities include pocket parks with covered swings and grilling stations, a sun deck with Wi-Fi access, a grand oasis-style pool, 24-hour fitness center, poolside grilling area, an outdoor poolside fireplace and TV, as well as a fireplace lounge. Additional amenities include a billiards area, dog park, picnic area near a pond, a free car wash/car vacuum station, valet waste service and onsite recycling.
Flats at West Broad Village Apartments, located at 3930 Wild Goose Lane, is a 339-unit multifamily community situated on approximately 4.86 acres of land and features approximately 9,000 square feet of amenity space, including a state-of-the-art fitness center, a package locker room, co-working areas, a coffee bar, a lounge as well as numerous restaurants and a hotel. Additional amenities include catering space, meeting rooms, a resort pool with sundeck and cabanas, a grilling station with a covered lounge area, a billiards room with outside firepits and a movie theater with stadium seating.
Quarterra Multifamily Announces Topping Off at 222-Unit The Dori Midrise Apartments in South Florida Metro Miami Market of Doral
DORAL, FL – Quarterra Multifamily, a subsidiary of Lennar Corporation and a vertically integrated multifamily apartment builder, developer, and property manager, in partnership with CPPIB, announced the topping off of The Dori, Quarterra’s latest community in Doral, Fla.
The Dori, a 222-home mid-rise community, is inspired by nature and designed to complement both the lifestyle and natural surroundings in South Florida. With the Everglades, Florida Keys and Miami Beaches as a backdrop, The Dori emits a balance of clean, natural, earthy and active elements. The community earned a National Green Building Standard bronze certification for its environmentally friendly design, which features energy-saving smart home technology.
“The Dori takes its cues from its surroundings and is strategically designed to capture the inherent aesthetics of South Florida,” said Michael Pelzcar, Vice President of Development for Quarterra. “Community features incorporate water to invoke the nearby Everglades and Atlantic beaches, and the extensive amenities package encourages a healthy and active outdoor lifestyle. To minimize the community’s carbon footprint and help to preserve the environment that inspired its design, The Dori will feature green elements and smart home features throughout.”
Located at 4760 NW 85th Ave., The Dori provides residents with in-neighborhood opportunities, as well as easy access to the rest of the Miami Metro Area. Local destination restaurants include Bulla Gastrobar, Dragonfly Izakaya & Fish Market, Crema, Ceviche Gastrobar, BLT Prime, The Doral Yard, Pisco Y Nazca and Las Vegas Cuban Cuisine. Shopping and entertainment can be found at the Downtown Doral Arts District, Doral Farmers Market and CityPlace Doral, with groceries and essentials at nearby Publix. Downtown Doral Park and the Doral Cultural Arts Center are just blocks away.
Positioned near NW 87th Ave., as well as NW 47th Street, The Dori puts residents just a short drive from main thoroughfares into Coral Gables and Miami. The prime connectivity also creates convenient commutes to major regional employers, including Miami Dade Country, Miami Airport, Carnival Cruise Lines and Univision. Sports enthusiasts can also easily catch their hometown teams at Loan Depot Park, home of the Florida Marlins; FTX Arena, home of the Miami Heat; and, Hard Rock Stadium, home of the Miami Dolphins. The community will include a seven-story parking garage with 10 spaces equipped for EV charging.
The Dori will consist of studio, one-, two- and three-bedroom apartment homes, ranging from 548 to 1,468 square feet. All homes are equipped with smart thermostats and smart access controls, with wood plank luxury vinyl tile throughout. Designer kitchens feature pendant lighting over the islands, as well as undercabinet lighting, quartz countertops, tile backsplashes, electric flat top stoves, and GE side-by-side refrigerators in most homes. Bathrooms include quartz countertops, tile flooring, walk-in showers and tile surrounds. Select bedrooms are designed with walk-in closets.
Common areas include a resort-style pool with covered cabanas, a water feature, clubroom with a social lounge, fitness center featuring a flex fitness/yoga room, and a Hoist MotionCage Studio, as well as cardio and strength equipment. Residents can also take advantage of a top floor skylounge with billiards table, co-working offices and podcast studio, pet park and pet wash room, package room with refrigeration, and a locked bike storage room.
Elizabeth Property Group Acquires Six-Property Affordable Housing Portfolio Across Multiple Texas Markets Totaling 1,444-Units
DALLAS, TX – Elizabeth Property Group (EPG) has closed on the acquisition of a portfolio of six Low Income Housing Tax Credit (LIHTC) apartment properties located in Houston, Dallas-Fort Worth, Beaumont, Huntsville, Bryan-College Station, and Wichita Falls, TX. The portfolio totals 1,444 units of affordable housing with the capacity to house an estimated 3,000 tenants. Funds affiliated with American South Fund Management partnered with Dallas-based Elizabeth Property Group (EPG) to purchase and renovate the portfolio.
All units will continue to be affordable for renters at incomes less than 60% of the Area Median Income (AMI) through 2042 and 2043. The developments are located in census tracts with an average poverty rate of 36% and a 75% average minority population. Renovations will include deferred maintenance, painting, and replacing of flooring within units, exterior and landscaping upgrades. No tenants will be displaced because of renovations.
The six investment properties located in the Dallas and Houston regions are: Willow Green in Houston (336 units), Woodglen Park I & II in Duncanville (232 units), Pine Club in Beaumont (232 units), Ridgewood West in Huntsville (232 units), Saddlewood Club in Bryan (232 units), Tealwood Place in Wichita (180 units).
“The Texas LIHTC Portfolio exemplifies Elizabeth Property Group’s mission of maintaining quality affordable housing for local residents,” said Tisha Vaidya, Co-Founder and Principal of Elizabeth Property Group. “We are thrilled to be partnering with ASFM once again to preserve critically needed affordable housing throughout Texas.”
“Preserving 1,444 affordable units for low-income Texans is the type of project that meets the core of our mission,” said Deborah La Franchi, ASFM Managing Partner. “Our funds’ investment with EPG ensures that all of these units will be LIHTC for the next 20 years.”
“We are delighted to be investing with EPG in Texas again,” said David Alexander, ASFM Managing Partner. “EPG’s commitment to increasing and renovating affordable housing throughout Texas aligns with ASFM’s goals to support disadvantaged-income earners and spur local economic development.
Since 2018, ASFM’s impact funds have made 22 investments in throughout the American south, totaling $96 million in equity investment.
The Cordish Companies Starts Renovation of Historic Office Building to Midland Lofts in Kansas City Power & Light District
KANSAS CITY, MO – The Cordish Companies announced that construction has commenced on the transformation of the historic Midland Office Building into Midland Lofts, a 135-unit residential building. Midland Lofts will sit in the midst of the burgeoning downtown Power & Light District neighborhood, directly connected to the legendary Midland Theatre and steps away from Cosentino’s Downtown Market, Kansas City Live!, T-Mobile Center, Genesis Health Clubs, the KC Streetcar line, dozens of restaurants, shops and entertainment venues, and cultural destinations like the Kauffman Center for the Performing Arts.
“We are eager to bring the historic Midland Office Building back to life as Midland Lofts,” said Marnie Sauls, executive director of Residential Management for Cordish Living. “The residential renaissance of downtown Kansas City began with historic conversions, and we think it is fitting as we begin this next phase of the renaissance that we are adding both new construction with Three Light and a historic renovation of the highest quality with Midland Lofts to the Power & Light District.”
“We’re so thankful for the entire team at The Cordish Companies and for their vision, dedication and passion for Kansas City,” said Brian Platt, City Manager of Kansas City, MO. “What is really important about the work that Cordish does is it’s not the just same thing over and over. This is not a copy and paste project. This is an adaptive reuse of a historic building that is going to be a unique space. It’s filling some of the holes in our market and it’s so important to us that we have options for downtown residential living. We’re so excited about the vision for downtown and all that this project brings to the City.”
For almost two decades, The Cordish Companies has invested in downtown Kansas City, both with new construction projects and the restoration of historic buildings including the B&B Theatre, the Midland Theatre, and now Midland Lofts. In 2008, Cordish and AMC completed a two-year, multi-million dollar renovation of the Midland Theatre, which first opened its doors in 1927. Since the renovation, the celebrated Kansas City venue has welcomed millions of guests and hosts hundreds of events each year.
The adjacent office building, an underutilized historic jewel that has been vacant for more than 20 years, will be renovated to include 135 beautiful, airy loft apartments for rent featuring multiple open-concept studio and one-bedroom floor plans. Once complete, Midland Lofts will feature an impressive street-level lobby with large windows bringing in natural light, multiple seating areas for conversation and entertainment, and a suite of amenities and services for renters.
“The Midland Lofts renovation is a significant step in the direction of making Kansas City more broadly accessible to the downtown workforce,” said Emelyna Aurich, director of Property Management for Cordish Living. “We are extremely excited to be introducing so many apartment units to the Power & Light District that are priced below $1,000 per month and we firmly believe The Midland Lofts can be a catalyst for the development of more moderately priced apartment units downtown – both growing our density and making the community more moderately priced.”
The architecture and the interior design of Midland Lofts will reflect the rich history and unique character of the building and theater while channeling the upscale finishes and design of One Light, Two Light and Three Light. Local Kansas City architecture and design firm Helix is the project architect for Midland Lofts. Helix was also the project architect for the historic renovations of the Midland Theatre and Mainstreet Theaters in the Power & Light District. Each living space has been meticulously designed with quartz countertops and tile backsplash, stainless steel appliances, custom closet organizers, porcelain tile bathroom floors, in-unit washers and dryers, and oversized windows that show off incredible views of downtown.
RD Jones + Associates, an award-winning full-service design firm specializing in interior design and architecture, is leading the interior design for Midland Lofts’ amenity spaces.
“The renovation and adaptive reuse of the Midland Building into modern and beautiful apartments will positively contribute to the ongoing revitalization of downtown Kansas City,” said Helix Principal Jay Tomlinson, FAIA. “It not only reflects Helix’s mission of breathing new life into historic buildings, but the most sustainable building is one that is already built. The Midland Building has long been regarded as an underutilized historic jewel, and its renovation ensures that this magnificent piece of architecture will remain functional and relevant in the modern era.”
“With today’s Midland Lofts celebration and Three Light set to open on September 1, we are thrilled to be bringing even more new downtown living options to the Power & Light District,” said John Moncke, president of the Kansas City Power & Light District. “Midland Lofts marries the rich history of Kansas City with a modern, elegant lifestyle and will provide additional first-class residential options at accessible price points. For the past 15 years, we have invested in building a world-class community downtown, with historic renovation and new construction projects alike, a look forward to continuing our commitment to downtown Kansas City.”
Thompson Thrift Hosts Ribbon-Cutting for Slate at Fishers District Build-For-Rent Townhome and Villa Luxury Community in Indianapolis
INDIANAPOLIS, IN – Thompson Thrift, a full-service nationally recognized real estate company and one of the nation’s leading multifamily developers, hosted a ribbon cutting on Slate at Fishers District, a 242-unit luxury townhome and villa community that is part of the master-planned Fishers District development. The first residents began moving in May and the community is already nearly 20% leased.
“We continue to see demand from renters that want the maintenance-free benefits and amenities of traditional apartments with the space and comforts of single-family homes,” said Josh Purvis, managing partner of Thompson Thrift Residential. “Slate at Fishers District delivers on those trends and provides residents with incredible access to all of the shopping, dining and entertainment Fishers District provides.”
Sitting on approximately 25 acres in the southeast quadrant of I-69 and 116th Street, Slate at Fishers District consists of one-, two- and three-bedroom villas, along with three- and four-bedroom townhomes, all in a modern farmhouse style. The residences average 1,215 square feet and feature premium amenities such as gourmet bar-kitchens with quartz countertops; stainless steel appliances; 10-foot ceilings with designer light fixtures; walk-in closets with custom wood shelving; full-size washers and dryers, smart home technology, and much more.
Residents of Slate at Fishers District will have easy access to the I-465 loop and downtown Indianapolis. Additionally, Slate at Fishers District is adjacent to Fishers District, a mixed-use development with a heavy culinary focus and 110,000 square feet of retail space. As part of the project, a public linear park, including a paved trail, will provide the entire community with direct pedestrian and bike access to Fishers District and The Crossing at Fishers District, which will be home to a 7,500-seat event center that will host sporting, theatrical and entertainment events, as well as additional restaurant, retail, hospitality and residential options.
Thompson Thrift expects construction for Slate to conclude in early 2024. At today’s ribbon-cutting, visitors were able to view model tours as well as see the professionally decorated clubhouse, 24-hour fitness center, resort style swimming pool with cabanas and bark parks and doggie spas. Additionally, in support of Thompson Thrift’s commitment to community outreach, they presented a check to the Indiana chapter of A Kid Again, a non-profit that serves families who are raising kids living with life-threatening conditions by providing cost-free, fun-filled destination events throughout the year.
Thompson Thrift is a full-service real estate development company focused on ground-up commercial and mixed-use development across the Midwest, Southeast and Southwest. During the past 30+ years, Thompson Thrift has invested more than $4 billion into local communities and has become known as a trusted partner committed to developing high-quality, attractive multifamily, commercial and industrial projects.
CEP Multifamily Completes $21.5 Million Acquisition of 97-Unit Regal Ridge Apartments in Spokane’s South Hill Neighborhood
EVERETT, WA – CEP Multifamily announced their acquisition of Regal Ridge, a 97-unit market rate garden apartment community in Spokane’s desirable South Hill neighborhood.
Regal Ridge is the first acquisition in Spokane for the vertically integrated Everett-based firm and grows their existing Pacific Northwest portfolio to 1,606 units, 475 of which are outside of the Puget Sound Region.
The acquisition price was $21.5 million ($221,650 per unit), according to Josh Jansen, CEP Multifamily’s President and Managing Partner.
“We have targeted the Spokane MSA as a top growth market for our suburban, core-plus investment strategy,” said Jansen. “Spokane County boasts strong local economic fundamentals as the Inland Northwest’s regional employment hub. Residents enjoy a high quality of life and relative housing affordability, which have fostered a diverse, well-educated labor pool. These factors have supported long-term population and employment growth…trends we believe will accelerate in the coming years. We look forward to continuing to grow our presence in the Spokane metro.”
Ryan Harmon, Nicholas Ruggeiro, Giovanni Napoli, and Philip Assouad of Institutional Property Advisors (IPA) brokered the transaction.
CEP Multifamily is a private equity real estate firm providing accredited investors opportunities to invest in multifamily assets in the Pacific Northwest.
Texas-Based Nonprofit Forefront Living Brings Innovative Senior Living Community to San Antonio’s La Cantera Development
SAN ANTONIO, TX – Soon San Antonio seniors will have a brand-new option for independent living, Bella Vida at La Cantera. The community offers an innovative approach to senior living with flexible and customizable service delivery and resort-level amenities. Bella Vida is designed to deliver a mix of amenities and wellness, as well as peace of mind.
The 21-acre community will be located just north of 1604 off I-10, near the Eilan Hotel and Spa and La Cantera Resort and Spa. It is adjacent to the Crownridge neighborhood and overlooks the rolling hills of Texas Hill Country. Bella Vida is being developed by Texas-based nonprofit Forefront Living, long considered a leader in the senior living industry.
“San Antonio seniors deserve the quality and level of services we provide. We look forward to exceeding their expectations in every way possible,” said Tim Mallad, CEO of Forefront Living. “We plan to create a community where residents can thrive. Not only will the community be beautiful, but it will be filled with the amenities that make it easy to live an active and engaging lifestyle.”
Once complete, Bella Vida will consist of 153 Independent Living apartment homes and 40 villas with attached garages, with a variety of floor plans ranging from 820 to 2,550 square feet. A rich variety of amenities will include a salon and spa, fitness center, sports courts (such as pickleball), casual fine dining, an indoor swimming pool, a walking trail, wellness programming, and more.
Recognizing that today’s seniors desire flexibility and choice, Forefront Living will offer their “Flexible Service Program” that allows residents to customize their service package based on their preferences and lifestyle.
Maintaining an independent living lifestyle means multiple things to seniors today. Everything from fitness and wellness to creating social ties, to traveling without worrying about property maintenance, are all part of the appeal. Bella Vida at La Cantera will also provide a new approach to maintaining a long-lasting independent lifestyle – a wellness concierge service. If and when residents need future care or additional assistance, wellness services can be added in seamlessly without necessitating a move to a different community or area of the neighborhood. A special Memory Support neighborhood will also be offered for those who would benefit from a more secure and programmed setting.
“We’ve designed Bella Vida at La Cantera to provide a continuity of support,” noted Mallad. “Today’s seniors want a self-directed life, and Forefront Living wants to honor their preferences at every stage. Bella Vida at La Cantera will provide a “Beautiful Life” for San Antonians who have worked hard and deserve this lifestyle.”