SAN DIEGO, CA – Douglas Wilson Companies (DWC) has announced the opening of Sienna at Otay Ranch, a $32 million project that is the company’s first in a new series of senior housing communities plotted for the Western Region over the next 10 years.

Located at 1290 Santa Rosa Dr. in Chula Vista’s well loved Otay Ranch, Sienna is a 111-unit, two-tale building comprised of 85 apartments for helped living and 26 units for memory care.

“With our entry into senior housing, Douglas Wilson Companies has launched a business platform to meet the needs and aspirations of America’s aging population,” said Douglas Wilson, chairman and CEO of DWC, who noted that Sienna’s to-date occupancy has outpaced expectations, likely due to the market leading resort-like design and amenities provided.

“Today’s generation of healthier, more independent-minded seniors is unwilling to settle for facilities built 20-30 years ago. Their expectations are higher, and the range of care they need fluctuates dramatically. To meet this demand, we’re plotting more properties like Sienna, which we’ll add to DWC’s build-and-hold portfolio.”

Sienna offers studio, one- and two-bedroom floor plans from 500 to 800 square feet, with monthly rents from $3800 to $5500, including meals and housekeeping. In addition to many upmarket resident amenities, services available through Sienna’s Wellness Center include geriatric care, optometry, dentistry, podiatry, rheumatology, lab services, and a regularly scheduled onsite Nurse Practitioner.

Now entering its 30th year in the real estate business, DWC prides itself on a quick response to market changes. After completing San Diego’s mixed-use Symphony Towers in 1989, Wilson emerged as a leading developer of high-end condos in support of downtown San Diego’s new Petco Park baseball stadium. When real estate faltered, he pivoted to become one of the nation’s leading Receivers, handling more than $15 billion in troubled properties across all asset classes.

“We pride ourselves on our ability to respond to market changes, whether it’s a real estate boom or bust, or a looming demographic shift like today’s aging population,” said Wilson. “Knowing that older Americans will outnumber kids by 2035, we are laser focused on needs and opportunities associated with what I like to call the ‘Silver Tsunami.’”

DWC is joined in the Sienna joint venture by Milestone Retirement Communities, who handles management responsibilities.

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MIAMI, FL – CIM Group announced that it has completed construction of CAOBA, a 444-unit apartment tower located at Miami Worldcenter, the 27-acre mixed-use development in downtown Miami. The 43-tale building is the first tower to open at the $4 billion mixed-use Miami Worldcenter development, one of the largest urban development projects underway in the country.

CAOBA, which just received a Temporary Certificate of Occupancy allowing go-ins to start, offers residents a range of apartment types, from studios to three-bedrooms. The tower features an array of modern amenities sought after by residents in Miami’s urban center including a resort-style pool deck with downtown and ocean views, a fitness center, a club room with a fully-equipped chef’s kitchen, and pet-focused facilities including a dog-walking lawn and a dog-wash area. CAOBA also includes more than 15,000 square feet of ground-floor retail space for shops and restaurants, connecting to Miami Worldcenter’s retail promenade and plaza currently under construction. Plans for an adjacent 40-tale, 429-unit tower have been approved by the City of Miami.

Located at 698 Northeast 1st Avenue, CAOBA provides exceptional transit connectivity. The property is one block from Miami Central, downtown’s new transportation hub, and Brightline’s high-speed rail Miami terminal, which offers direct train service to Fort Lauderdale, West Palm Beach and Orlando. Additionally, other nearby public transit systems such as the Metromover, Metrorail, Metrobus, Miami Trolley and Tri-Rail provide residents with a wealth of transportation options within the city.

CAOBA at Miami Worldcenter is also two blocks south of I-395, linking downtown Miami’s Central Business District with its Arts & Entertainment District, a hub for culture and entertainment, and other regional destinations such as the Miami International Airport.

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MADISON, WI – The McKenzie Apartment Company’s newest development, Timber Valley Apartments, opened its second 60-unit apartment building of the $50M luxury apartment development on January 4th of this year. Amenities are at the heart of the development’s focus. Timber Valley has a total of 120 units currently completed, with another 54 units expected to open in May of 2019, plus more on the way.

Developer and owner, John McKenzie, states that Timber Valley has “an amenity and end package that rivals any other apartment community in the state of Wisconsin.” 

Common areas feature various indoor amenities, including two state-of-the-art fitness centers encompassing a yoga studio with virtual workout classes, a health spa featuring an infrared sauna and tanning bed, game room, theatre room, large community room with a gourmet kitchen and fireplace, complimentary coffee bar, and a conference room. 

Additionally, the outside community areas, set to open Summer of 2019, will feature an outdoor heated pool, a poolside bar with several outdoor televisions and grills, a fire pit, and a community garden area. This pet-friendly complex will also include many amenities for pets, including a large dog park with various pet play obstacles and pet-grooming stations located in every building. All buildings will also include a car wash station located within their underground parking and individual storage areas. 

The amenities aren’t meant to overshadow the apartments themselves, but, which are spacious and feature modern, sleek finishes. Current residents and prospective tenants touring the property comment on how the entire feel of the complex resembles that of a mountain lodge or getaway resort, which can make coming home feel like getting away all at the same time.

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