The Lake County Ohio Port and Economic Development Authority has completed a $49 million bond financing package for Tapestry Wickliffe LLC to convert the former 196-key hotel in Cleveland into a 167-unit senior housing property, according to the Crain’s Cleveland Business publication. A combination of taxable and tax exempt bonds have been issued for the project and the Lake County commissioners approved the bonds in late September. LaSalle Development Group Ltd. is the developer and future manager of the planned community. Most recently, La Salle Group traded two new assisted living centers in Texas and Illinois.
Located at 28500 Euclid Ave. in Northeast Ohio in Lake County, the asset sits on approximately five acres and is approximately 12 miles east of downtown Cleveland, at the junction between interstates 90 and 271. The project includes a four-story building encompassing 56 memory care and 111 assisted living units. Construction of the senior living facility is scheduled to be completed in September 2018.
The former hotel was is a Mosley Select Suites property compromising 124,212 square feet, constructed in 1973.
Image via Google Street View
In the Pipeline: Senior Housing Construction Projects
by Tim Regan in Senior Housing News
Work Underway for New Tapestry Assisted Living and Memory Care Housing in FloridaWorkers with Roger B. Kennedy Construction recently broke ground on assisted living and memory care additions and renovations at the Tapestry Tallahassee Walden in Tallahassee, Florida.The two new buildings will both span three stories and add 89 new assisted living and memory care units when completed in March 2018, a press release reads. The work will also include new outdoor amenities, including secure courtyards and gathering spacesLake County’s port authority preparing to issue bonds for Wickliffe senior assisted living and memory care facilityPosted: 05/27/17By Andrew Cass, The News-HeraldThe former Mosley Select Suites on 28500 Euclid Ave. in WickliffeThe Lake County Port and Economic Development Authority is in the process of issuing bonds for the development of a senior assisted living and memory care facility in Wickliffe.The Port Authority’s board approved an inducement resolution at its most recent meeting to start the process of issuing up to $48 million in bonds to finance the project.Minnesota-based LaSalle Development Group Ltd. initiated the project that will be developed and eventually operated by Tapestry Wickliffe, LLC.
The facility will be located at the former Mosley Select Suites sites at 28500 Euclid Ave. The site has been vacant since 2014 after the hotel was determined to be a nuisance because of safety issues, unsanitary conditions and violations of the zoning code, specifically fire codes.
In November 2016, Wickliffe residents overwhelming voted to rezone the property from general business to private recreational/institutional.
According to the Port Authority, Tapestry will completely renovate the facility and create 167 unites. Of that, 111 will be senior assisted living and 56 will be memory care units.
Also included will be a commercial kitchen, salon, spa, offices, physical rehabilitation facilities and other miscellanies support facilities.
Once fully occupied, the facility is expected to create approximately 80 full-time jobs and 20 part-time jobs.
Tours were provided Monday at Tapestry Senior Living, a new assisted living and memory care facility off North Monroe Street near I-10.
The 24-hour facility has 149 studio apartments. Amenities include a full-service restaurant, an outdoor courtyard, walking trail, beauty salon, wellness center, chapel and movie theater. The facility is owned and developed by Tapestry Senior Housing Management, LLC and Tapestry Senior Housing Development, LLC, which are comprised of principals within the Minneapolis-based LaSalle Group.
Tapestry is one of several assisted living facilities that have been in the works. The boom in this particular industry is largely linked to population projections that reflect an increase in senior citizens for the Tallahassee area.
Assisted living boom continues in Tallahassee
The rise of assisted living facilities
“Tallahassee was an excellent location of this state of the art senior assisted living facility due to the outstanding quality of life, vibrant active senior population, and great reception from the community and local government,” said Tom LaSalle of the Minneapolis-based LaSalle Group, in a statement.
Contact TaMaryn Waters at firstname.lastname@example.org or follow @TaMarynWaters on Twitter.
Wickliffe voters decided on Nov. 8 to approve the rezoning of the former Mosley Select Suites on 28500 Euclid Ave. from a general business to private recreational/institutional by 83 percent. According to unofficial final results from the Lake County Elections Board, voters approved it 4,768 to 976. Current owner Atul Patel said he is pleased with the election results and looks forward to continuing with the plan. The four-story structure will be converted into an assisted living facility with a memory unit. It will be called Tapestry Senior Living Wickliffe of Ohio.
Patel said in a previous interview that the plan required about $7 million of interior and exterior renovations. With most of the interior work completed, Patel said he plans to invest an additional $8 million in the remaining construction and landscaping.
The proposed facility will consist of 76 single-occupancy memory care units, 53 single-occupancy assisted living units and 22 one-bedroom assisted living units. “There’s a huge need in the community for an assisted living facility,” he said. It will generate about 75 full-time jobs, add tax revenue and enhance economic development, he added.
Patel said Tapestry Senior Living Wickliffe of Ohio should be ready to open by June 15, 2017.
MCH Interiors contractors finishing drywall on July 27 at the former Mosley Select Suites on 28500 Euclid Ave in Wickliffe. Tawana Roberts — The News-Herald
Despite ongoing construction, the fate of the former Mosley Select Suites on 28500 Euclid Ave in Wickliffe remains unknown. Atul Patel, the current owner is proposing to convert the four-story vacant structure into an assisted living facility with a memory unit. With about $7 million in renovations, the nearly 200-room building will be transformed into Tapestry Senior Living Wickliffe of Ohio, pending Wickliffe voter support.
Tapestry Senior Living Wickliffe will consist of 76 single-occupancy memory care units, 53 single-occupancy assisted living units and 22 one-bedroom assisted living units. In order to continue with the plan, voters must approve the zoning change from General Business to Institutional and Recreation on the Nov. 8 ballot. Patel says there are many benefits to opening an assisted living facility in Wickliffe. “There’s a huge need in the community,” he said. “No supply and the demand is too high.”
The proposed facility will generate about 75 full-time jobs, add tax revenue and enhance economic development, he explained. Willoughby Western Chamber of Commerce President Karen Tercek says she is excited about the proposed assisted living facility. “There is such a need and it will address that need,” Tercek said. “I think it will be great for the City of Wickliffe.”
Despite the support of city and county officials and the 575 signatures attained from community members, in order to open an assisted living facility this issue must pass in the upcoming election. “If it does not pass, we will keep it as a hotel,” he said. Jim Stewart, owner of Augere Construction says construction started about two months ago. “We’re totaling gutting the interior and we’re basically doing it in two construction phases,” Stewart said. “The first is the actual towers of the suites — all new interior finishes including drywall ceilings, flooring, which the flooring is carpet and ceramic tile.”
The next step is to renovate the interior atrium, lobby/vestibule/ reception area and the exterior. With about 45 contractors working throughout the building, Patel is pleased with the progress that has been made. “We’re excited and look forward to a future in Wickliffe,” he said. The construction needed to open a hotel is expected to be completed by December 2016, but the construction for an assisted living facility would be complete by October 2017. Wickliffe Planning Commission will be holding a public hearing Oct. 12 regarding this property, Patel said.[/showhide]
Tapestry Cranbury Adaptive Reuse and New Construction-July, 2016
Crown Senior Living, LLC has identified a Staybridge Suites Hotel for the potential conversion to assisted living. If approved by the Township of Cranbury, the 87-unit all-suite hotel will be renovated and converted to 80 assisted living units. A connected new addition will be constructed for 60 memory care units with adult day care and rehabilitation services. As owner, Tapestry will provide development and long term management services. See the proposed site plan on the Current and Completed Projects Tab.
Tapestry Wickliffe Adaptive Reuse-July, 2016
Tapestry is working on preliminary plans with Crown Senior Living, LLC on the adaptive reuse of the former Clarion Hotel and Conference Center in this Cleveland suburb. The closed hotel consisted of 200 rooms and a large 4 story atrium area. If rezoning is approved by the City of Wickliffe, the property be converted to assisted living and memory care with additional services for rehabilitation, home health care and adult day care. The 17,000 SF atrium area will be converted to community spaces with park features including walking paths, fountains and trees. As owner, Tapestry will provide development and long term management services. Please see the Before/After pictures on the Current and Completed Projects Tab.
Tapestry Walden Memory Care-June, 2016
Architects have completed preliminary site and building plans for the proposed Tapestry Walden Memory Care facility. Tapestry expects to start construction on the 85-bed stand-alone memory care facility in fall, 2016. Estimated development costs exceed $18,000,000. Please see the Before/After pictures in Current and Completed Projects Tab.
Tallahassee Stand Alone Memory Care-Spring, 2016
Tapestry Senior Housing Development, LLC has entered into an agreement with Crown Senior Living, LLC to acquire an existing building to be converted to memory care. The owners also expect to add 27 additional units of new construction. Other services to be provided include adult day, physical rehabilitation services and potentially home health care services. See the new building renderings in Current and Completed Projects Tab.
Overland Park, KS-July, 2015
Crown AE, LLC on behalf of Tapestry Senior Housing Development, LLC completed schematic drawings and renderings for the proposed adaptive reuse of an existing building to 160 units of assisted living and memory care.
Tapestry Tallahassee Building Permits-June, 2015
The City of Tallahassee has issued building permits required to commence construction of the Tapestry Tallahassee Assisted Living and Memory Care Facility.
Tapestry Tallahassee Assisted Living and Memory Care-May, 2015
Tapestry acquires preliminary Private Activity Bond allocation to finance the project as a for-profit development.
Crown Senior Living, LLC – Chandler, AZ – January 6, 2015
Crown AE, LLC has completed preliminary design for the Tapestry Chandler Assisted Living and Memory Care Community to be located in the southeast corner of Interstate 10 and West Chandler Boulevard. Current plans depict a combination of assisted living, memory care, adult day care and rehabilitation services with a total of 160 units.
Tax Exempt Bonds TEFRA Hearing, Orlando, FL- December 28, 2014
The Tax Equity and Fiscal Responsibility Act Hearing, which is required prior to the issuance of tax exempt bonds was approved.
Crown Senior Living Announces Grand Opening of Indianapolis Assisted Living Facility
Recently, the City of Tallahassee Planning Commission unanimously recommended to the City Commission for final adoption of the Planned Unit Development (PUD) for Crown Tallahassee Assisted Living.
Meisa enters into a Strategic Partnership with Tapestry
Tapestry SHM announced a new strategic partnership with Meisa to provide resident transportation and integrated billing services for assisted living and memory care residents for all Tapestry facilities including a proposed Tallahassee project. Meisa will also provide enhanced project marketing by providing transportation and billing services for the Tapestry adult day care residents and rehabilitation patients.
Tapestry Announces Executed Letter of Intent to Purchase Chandler, Arizona Property
The firm announced that it has entered into a Letter of Intent to purchase an existing building to be converted to senior housing. A new addition for memory care and adult day care is under design. Closing is projected in fall, 2014.
Crown Senior Living, LLC to Provide Third Party Development Services for Tapestry
Crown Senior Living has entered into an agreement with Tapestry to identify future adaptive reuse sites, development and architectural services.
Tallahassee-Leon County Planning Department Supports Rezoning of an Existing Building
City of Tallahassee Development Review Meeting-Planning Department recommends approval of the PUD application to rezone an existing building from OR-2 zoning district to the Planned Unit Development (PUD) zoning district. This will facilitate the renovation of an existing building and construction of a new state of the art memory care facility, adult day care facility and rehabilitation services
The proposed PUD is a 3.03-acre, four-story, Residential Care Facility, with assisted living and memory care units. The project proposes 36,000 square feet per acre with a parcel maximum of 106,050 square feet. The project is located on the North Side of Lakeshore Drive west of North Monroe Street (US 27). The site is currently the Wingate Inn, which is to be redeveloped to the proposed residential elder care facility.
The PUD was unanimously approved by the DRC.
Tapestry Retains National Senior Consultant for Feasibility Studies
Tapestry has retained Moore Diversified Services, a national consultant in senior housing to complete feasibility studies for three proposed adaptive reuse/new construction projects in the Phoenix metro area. The firm is negotiating on the acquisition of three buildings to be utilized for adaptive reuse and new construction assisted living facilities.
Tapestry Submits Letter of Intent to Purchase Surprise, AZ property
The company is negotiating a Letter of Intent to purchase an existing building in Surprise, AZ.
Crown Senior Living announces issuance of a Certificate of Occupancy for Indianapolis Conversion
Crown Indianapolis Assisted Living and Memory Care has received a Certificate of Occupancy for the renovation/new construction of a 103 bed assisted living/memory care facility.
Crown AE, LLC announces of Receipt of Building Permit for Crown Olathe Assisted Living and Memory Care
Kansas City, KS
Crown AE, LLC announced the receipt of a building permit, which will allow construction of the Crown Olathe Assisted Living and Memory Care facility. The project is the renovation of an existing building to a 134 unit/bed assisted living and memory care facility.
Tapestry Negotiates to acquire North Phoenix Asset
Tapestry announced that the company is negotiating to acquire a property in North Phoenix. If acquired, the development will include the renovation of an existing building for assisted living and a new addition for memory care, adult day care and rehabilitation services in conjunction with a local hospital.
Tapestry announces Construction Representation Agreement
Tapestry announces Construction Representation Agreement to act as owner’s representative on behalf of the Dominican Contemplative Nuns of the Monastery of Mary the Queen in the preliminary design and development of their new Monastery in Springfield, Illinois.
Tapestry is seeking assisted living conversion opportunities in Tampa and Orlando
Tapestry has completed a proprietary feasibility analysis of development and conversion opportunities in Tampa, Jacksonville and the Orlando metro areas. The markets appear to have opportunities for the assisted living/memory care hybrid new construction and conversion models that are the basis for adaptive reuse projects. The company is actively seeking adaptive reuse development opportunities in these markets. Tapestry is currently in pre-development for an adaptive reuse project in Tallahassee, which is a 150 unit assisted living and memory care facility.
Tapestry announces New VP
Tapestry announces the hiring of Nicholas Brandt as Vice President and Director of Acquisitions. Mr. Brandt has an extensive background in real estate development, brokerage and management since graduating from the University of Colorado-Boulder in 2004. He holds both a Colorado and Minnesota real estate broker license. At Tapestry, he is involved in property management supervision of senior and affordable properties. Nick also directs the identification and financial analysis of potential acquisitions. Special emphasis has been in the area of renovation and adaptive reuse of senior housing facilities on a national basis.