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Pinnacle Living plans major expansion at Richmond’s Cedarfield campus Industries

Industries › Commercial Real Estate August 22, 2017  |  Print this page Pinnacle Living , a provider of retirement and senior living options in Virginia, plans a multimillion dollar expansion at its 90- acre Cedarfield campus in Richmond.The company said the expansion, announced Tuesday, was made possible through a $50.6 million loan from SunTrust Bank.The project will include a new fitness and wellness building,  upgrades to dining spaces and existing facilities and additional parking.The fitness and wellness center will offer space for lap swimming, an aerobic studio and a weight training room . Renovation of the facility's Health Care Center will add 23 additional one- and two- bedroom assisting living apartments .  Pinnacle Living is one of the largest life plan community (LPC) providers in Virginia. Its communities provide a variety of service options from independent and assisted living to memory support and higher levels of care.Formerly known as Virginia United M...

CCRC Introduces ‘Crash Pad’ Apartments for Young Seniors

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Appealing to younger seniors in their late fifties or early sixties is a balancing act for senior housing providers . Many prospective residents planning early want a housing option that suits their current lifestyle, will provide peace of mind as they age, and is a  financially smart match . With exactly these residents in mind, Timber Ridge at Talus, a resort- style life plan community in Issaquah, Washington, designed the Lofts at Timber Ridge: small but amenity- rich loft apartments for seniors who want to get their foot in the door, but are still comfortable with a high level of independence—and may want to treat the senior living community as their second home. Timber Ridge, operated by Life Care Services , is a continuing care retirement community with 329 residences, including independent living , assisted living , memory care and skilled nursing. Now, with the addition of the Lofts, Timber Ridge’s continuum of care will be broadened and more younger seniors will be invit...

Pets in the City: How to Make Apartment Living Work for You and Your Pup

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Living in an apartment with your canine companion isn ’t much different from living with a human roommate: They don't clean, they don’t pay for groceries and you're starting to suspect they don't even have a job. But canine roommates present additional , unique challenges. Arguably the biggest challenge for dog owners in apartments is having to escort their furry friend outside for all exercise — and all bathroom — breaks. That means rain, shine, sleet, snow, 6 a.m. or 3 a.m. or 11:30 p.m. — buddy, you’ve got to put on your pants. The Luxurious Lifestyle of New York's Poshest Pooches "If you’re living in an apartment with a dog, first and foremost the onus is more on you to get the dog out for all of his or her needs," says Mike Kaviani. Kaviani is the Director of Lifesaving Operations at the no- kill shelter Austin Pets Alive ! in Austin, Texas, and he says apartment living can in some cases actually benefit your pup. "As long as the owner is committed t...

Cramped Apartment? Try Ori's Transforming, Robotic Furniture

A universally acknowledged truth about living in New York City is that there's very little space to go around. What passes for an entire apartment in Manhattan is considered a walk-in closet in Des Moines. This dearth of square footage has resulted in a couple notable phenomenons : Namely, pocket-emptying rents and some—let's just call it—creative uses of space. I recently glimpsed one particularly unusual vision of our inevitable micro-living future. Twenty floors up in a luxury midtown Manhattan studio apartment , a hulking piece of furniture sat pressed against the wall. From the front it looked like an entertainment console with built in shelving. From the side, it appeared to be a regular bookshelf, save for a small button. At nine feet tall, five feet wide and seven feet long, the thing took up nearly a fourth of the apartment's main living area , leaving just enough space for what could either be a livingroom or bedroom, but definitely not both. "This is Ori,...

Comfort and convenience abound at Forest Park Apartments

April 16, 2010 | By LUCY CLARK It's easy to miss the entrance to the Forest Park Apartments in Farmington. That's because carefully landscaped arborvitae , maple trees, rhododendrons and other greenery screen the suburban enclave from the road. The development, with 58 two-bedroom townhouse and ranch- style apartments built around two manmade ponds with large fountains, offers stunning views . All of the 1,200-square- foot carpeted apartments have private decks, new maple kitchens and 1.5 bathrooms. Units are equipped with washer-dryer hookups and have central air conditioning . Thermal windows increase energy -efficiency. "It's very private; there is a very secure feeling. A lot of people are looking for that today," says Jean Munson, manager of the complex, where she has lived for 15 years. "It's very home-like." Her apartment doubles as the office for the apartments. Munson - affectionately known as the "mayor" of the Forest Park A...

Why Seattle Builds Apartments, but Vancouver, BC, Builds Condos

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When it comes to condominium development , Cascadia’s two largest cities couldn ’t be more different. Last year nearly 60 percent of new housing starts in the city of Vancouver, BC , were condominiums; meanwhile, Seattle saw no new condominium buildings open . And that’s not changing anytime soon: less than 10 percent of all building slated for downtown Seattle in the next three years will be condos. What’s the difference—why the blossoming of condominium construction in one city and the almost complete dearth in the other? The short answer is economics. In Vancouver, apartments are saddled with an unfavorable tax code , making condos the more lucrative multi- family housing investment even despite high rental demand . In Seattle’s skyrocketing rental market , one that’s climbed even faster than the condo market in recent years, apartment buildings are much more financially attractive, while condos come with bigger risks and, typically, lower returns. Compounding this profit differe...

Part 5: Making room for our home’s hiding places

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As we put the finishing touches on the plans for our home, our dreams of dinner parties in the finished open kitchen , of repurposed original sconces and refurbished original details , gave way to a less sexy obsession. The mop, the vacuum, our winter coats, the laundry. Specifically: Where would they all go and how could we banish them from sight? In the New York prewar apartments we’d lived in for years, closets were strictly optional and washer-dryers were nonexistent. What made glossy interior photos appealing , I came to realize, was what you didn’t see, because it was tucked into a hidden closet or built-in cabinet. Renovating our house gave us a shot at discreet convenience. Entering the first-floor apartment, pre-renovation, meant coming face -to-face with a faux-wood- grained cabinet door —in actuality, a false front. It was an arguably clever way to bump out the bathroom on the other side to make room for a turquoise jacuzzi-shaped tub. Otto’s initial plan for the enlarged ...