FORT LAUDERDALE, FL – Allegro Senior Living, a premier senior living operator, is expanding its Florida presence with Allegro Fort Lauderdale, its 12th community in the state. With more than 45 years of premier senior living experience, Allegro is focused on a singular mission for its new Fort Lauderdale community – to provide a state-of-the-art community and experience for area seniors.
With this unique, waterfront locale, Allegro Fort Lauderdale brings an extraordinary lifestyle offering to the area with 188 units and stunning views of the adjacent waterway and Atlantic Ocean. Conveniently located at 1290 N. Federal Highway, Allegro Fort Lauderdale is close to countless area attractions, dining and the beach.
The 188-unit, eight-level community was designed with modern sensibilities at every turn and offers independent, helped living, and memory care. The community is more than 280,000 square feet and boasts a variety of offerings and services including multiple indoor and outdoor dining and entertaining options, a two-tale theater, Sky Lounge, salon and spa, fitness and wellness center, pool, outdoor fireplace and fire pit, bourbon and whiskey lounge, boardwalk, outdoor gardens, dog park, housekeeping, valet parking, transportation, boat access and more.
“Allegro Fort Lauderdale offers the quintessential vision of the Florida lifestyle, catering to the very best that senior living has to offer,” said Douglas Schiffer, president and chief operating officer of Allegro Senior Living. “With Allegro Fort Lauderdale, we are reinforcing our presence on the east coast, marking our fourth location in South Florida and 12th in the state. Waterfront views and an enviable locale make an individualized experience that is uniquely tailored to our residents’ lifestyles.”
The development of Allegro Fort Lauderdale is led by Alliance Residential Company, a nationwide residential real estate developer with a regional office in Boca Raton, Fla. Alliance is working with local firms MSA Architects and FLYNN Engineering on the design and construction of the community, among others, and Allegro Senior Living will assume management and oversight of the community.
“Alliance Residential is excited to partner with Allegro Senior Living on this project that will combine our lifestyle expertise with the hospitality and care experience of Allegro,” said Robert Hall, Alliance Residential Managing Director. “We are making a unique, one-of-a-kind project that will help set a new standard in Fort Lauderdale.”
Allegro Fort Lauderdale will bring more than 115 jobs to the area, hiring at all levels including management, medical and care, dining, activities, transportation, maintenance and housekeeping. The location will start sales in September 2022 with a residential opening expected in mid-to-late 2023.

Powered by WPeMatico

ATLANTA, GA – Atlanta Housing and its city partners broke ground on the Juanita H. Gardner Village, a new construction project that will make 108 independent living senior units in a three-tale elevator building in the Adamsville neighborhood. Ms. Gardner, after whom the project is named, is a long-time neighborhood association leader.
“All 108 of these units are affordable, and we’re proud to be able to collaborate with Invest Atlanta, the City of Atlanta and the Georgia Department of Community Affairs in making these vitally needed senior units,” said Eugene E. Jones, Jr., president and CEO of Atlanta Housing.
The project is being financed through the AH-Invest Atlanta Co-Investment fund with an investment by AH and tax-exempt bonds from Invest Atlanta as well as 4 percent Low Income Housing Tax Credits from the Georgia Department of Community Affairs (DCA). The project is being built on a vacant site at 3650 Bakers Ferry Road. To ensure long-term affordability, AH bought the project site and is providing a long-term ground lease at a nominal rate to the owner entity.
“Our Administration’s affordable housing efforts include a commitment to ensure affordability is attainable for our legacy residents, and this new development does that,” said Mayor Andre Dickens. “With the investments and efforts from Atlanta Housing and Invest Atlanta, Juanita H. Gardner Village provides legacy residents in Adamsville with access to housing so they can remain in the community they helped build.”
Formerly to be known as Harmony at Bakers Ferry, the project was renamed at the community’s request after the longtime community activist. The project closed on its financing on June 17, 2022 and is scheduled for a 14-month construction period.
“The Board of Commissioners want to salute Juanita H. Gardner for her outstanding community leadership over many decades,” said Tené Traylor, interim chair of the Atlanta Housing Board of Commissioners. “This project and others like it will help ensure that Atlanta is a city where economic opportunity is abundant for everyone, a city where affordability isn’t a luxury, and a city that is prepared to lead into the future.”

Powered by WPeMatico

CARY, NC – An affiliate of Walton Street Capital originated a $69.8 million loan to a partnership between The Bainbridge Companies and Virtus Real Estate Capital for the acquisition of Aventura Crossroads, a 344-unit apartment community located at 1010 Legacy Village Drive in Cary, NC.
Built in 2009, the garden-style multifamily property is currently 98% occupied. The Property includes a variety of one-, two-, and three-bedroom floorplans offering large units that average 1,154 square feet. Amenities at the Property include a recently renovated clubhouse, upgraded fitness center, pet spa and outdoor pool. Aventura Crossroads is located adjacent to numerous retail and dining offerings and is nearby to Fenton, a 92 acre newly delivered, mixed-use development. The Property also offers convenient access to both downtown Raleigh and the booming tech and life science driven Triangle market.
This was an attractive opportunity to finance the acquisition of a very well-maintained multifamily asset in an established yet rapidly growing market for two respected and experienced sponsors. We are excited to grow our relationship with both the Bainbridge and Virtus team, said Hilary Caudle, Vice President with Walton Street.
This loan exemplifies our core strategy of originating loans to knowledgeable sponsors on multifamily assets in markets that exhibit nation leading employment and population growth. The Property has strong in place credit metrics with attractive lease trade-out trends that will drive additional growth, added Luke Goodwin, Senior Principal with Walton Street.
In 2022, Walton Street affiliates have closed or are in process of closing loans on multifamily projects totaling approximately 4,868 units across multiple high-growth markets.

Powered by WPeMatico