CHATTANOOGA, TN – LifeCare Development announced plans for The Blake at Chattanooga, a new high-end helped living and memory care community to be located at 7333 McCutcheon Road in Chattanooga, Tennessee. The Blake at Chattanooga will include 118 apartments, with 73 helped living apartments and 45 memory care apartments. Sitework and construction are expected to start in late summer 2026.
The project marks LifeCare Development’s entry into Tennessee and its fifth Blake-branded senior living project with Blake Management Group. LifeCare previously developed four Blake communities in Texas in partnership with BMG, continuing a relationship built around high-quality development, experienced operations and a shared commitment to serving older adults and their families.
“Chattanooga represents a strong market opportunity for LifeCare Development,” said Adam Mitchell, Managing Partner of LifeCare Development. “It offers a compelling combination of growth and demand for modern senior living options. We are excited to bring Blake Management Group’s hospitality-driven approach to Chattanooga.”
Near The Village at Waterside, The Blake at Chattanooga will be located in a growing area of the Gunbarrel Road corridor with access to retail, healthcare and daily conveniences. The community is being designed to offer a high-end residential environment for seniors seeking helped living and memory care services.
“Blake Management Group is proud to partner with LifeCare Development to bring exceptional helped living and memory care services to Chattanooga, Tennessee,” said Scott Hames, Chief Operating Officer of Blake Management Group. “This collaboration combines decades of senior living expertise with a shared commitment to providing compassionate, resident-centered care in a welcoming and supportive environment. Together, Blake Management Group and LifeCare are dedicated to enhancing the quality of life for older adults by offering personalized care plans, engaging lifestyle programs, and specialized memory care services designed to promote dignity, independence and peace of mind for residents and their families. This partnership represents a significant investment in the Chattanooga community and a commitment to setting a new standard for senior living excellence.”
The Blake at Chattanooga project team includes Arrive Architecture, Ridgemont Commercial Construction and Banko Design. Trustmark is providing financing for the project.
The Chattanooga announcement follows LifeCare Development’s continued growth in the senior living sector and reflects the company’s focus on identifying markets well-positioned for high-quality helped living and memory care development.

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SAN DIEGO, CA – Broadshore Capital Partners announced the closing of a $53.2 million floating-rate senior bridge loan secured by Monroe North Park, a newly delivered 137-unit Class A multifamily community located in the North Park neighborhood of San Diego, California.
The loan was completed in partnership with an institutional investor with whom Broadshore maintains an active lending relationship focused on sourcing and executing bridge financing opportunities across the United States. The financing will facilitate the lease-up and stabilization of the Property, which was delivered in 2025 and features institutional-quality construction, structured parking with EV charging capabilities, rooftop entertainment and co-working amenities, and a curated resident experience designed to appeal to affluent urban renters.
San Diego is one of the most fundamentally sound multifamily markets in the country, and North Park represents exactly the kind of supply-constrained, high-demand urban submarket we want to be in, said Bradford Howe, Chief Executive Officer of Broadshore Capital Partners. This transaction is consistent with our strategy of deploying institutional capital into well-located, newly delivered assets where we have conviction in the collateral quality and the long-term fundamentals. Broadshore has made many successful investments in the San Diego area over its history and believes Monroe North Park will be another success for our firm and our partner.
Chris Miller, Senior Vice President at Broadshore Capital Partners, added, Monroe North Park presented a compelling combination of basis protection, institutional-quality collateral, and a clear path to stabilization. The sponsorship group s track record in similar transitional multifamily strategies, paired with the Property s differentiated location and amenity package, gave us strong confidence in the underwriting.
Monroe North Park is an eight-tale, podium-style community comprising approximately 87,000 net rentable square feet and featuring 137 units. The Property is located at 3090 Polk Avenue in the heart of North Park, offering residents walkable access to premier dining, retail, breweries, and cultural amenities, with direct connectivity to Downtown San Diego, Mission Valley, Balboa Park, and major employment centers throughout the broader metropolitan area.

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VILLA PARK, IL – Garden Station, a transformative 348-unit mixed-use luxury residential community located within the Transit-Oriented Development (TOD) district of Villa Park, Illinois, has cleared another major milestone and is now positioned to go forward at full speed toward construction.
The project recently received re-approval from both the Village of Villa Park Plotting and Zoning Commission and the Zoning Board of Appeals and is awaiting approval from the Village Board of Trustees in the coming weeks.
Once completed, Garden Station is expected to become the largest net-zero mixed-use residential development in the United States, setting a new benchmark for sustainable housing while addressing the growing need for attainable, high-quality residential options in DuPage County.
Designed to meet rigorous sustainability standards, Garden Station incorporates numerous Passive House principles and advanced energy-efficient technologies that significantly reduce utility costs for residents while minimizing environmental impact. The development will offer an unparalleled combination of comfort, convenience, and affordability.
“Garden Station represents the future of multifamily living,” said Dr. Ganesan Visvabharathy, Founder and CEO of Hawthorne World. “Our vision is to make a community that combines environmental responsibility, exceptional resident experiences, and attainable living opportunities. This project demonstrates that sustainable development and affordability can go hand in hand.”
The project had previously experienced delays resulting from a senior lender default and a subsequent foreclosure action initiated by a bridge lender. But, following the dismissal of the foreclosure lawsuit and the successful placement of a substitute lender, the project is once again moving forward with strong momentum.
Garden Station is expected to play a significant role in addressing the DuPage County, Illinois housing shortage while supporting Villa Park’s long-term economic development and sustainability goals. Its strategic location within the village’s TOD district will provide residents with convenient access to public transportation, employment centers, shopping, dining, and recreational opportunities throughout the greater Chicago metropolitan area.
As development advances, Garden Station is poised to become a national model for sustainable mixed-use housing and a cornerstone of Villa Park’s continued growth and revitalization.

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