Skender, as general contractor, recently broke ground on The Moorings of Arlington Heights, a senior living community operated by Presbyterian Living at 811 E. Central Road in Arlington Heights, Illinois.
The 172,000-square-foot project will deliver 70 independent living apartments as part of a larger campus expansion and repositioning. The new open-plan residences, designed by Perkins Eastman, will range from 1,050 to 1,900 square feet and offer one- and two-bedroom-plus-den floor plans to support modern retirement lifestyles.
In addition to senior living apartments, the new five-story building will include a new social and wellness space designed to foster daily engagement and connection. Expanded site amenities will include walking paths, a pond expansion, a sitting area and outdoor amenity space.
“As senior living communities evolve, residents expect integrated campuses that combine quality housing, dining, wellness, and long-term care,” said Brian Skender, Senior Project Manager, Team Leader at Skender. The project is expected to be completed in the fall of 2027.
Ontario Finance Minister Peter Bethlenfalvy told the legislature Thursday that the province’s response to economic uncertainty is to “build, and to build together.” But the Fall Economic Statement he delivered forecasts considerably less building than the government expected just six months ago. Ontario now projects 65,100 housing starts in 2027, down from 70,300 in its...
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Five major Canadian banks are financing a 917-unit rental development in Etobicoke, where construction is now underway on a site previously planned for condominiums. CBRE Capital arranged the conventional, uninsured construction financing for EllisDon Developments and Windsor Private Capital’s two-tower project at 80–90 Fieldway Rd., near Kipling station. The LiUNA Pension Fund is also an...
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Peakhill Capital has launched a $750-million construction lending program for rental housing developments across Canada, with $450 million in loans already closed under the new platform this year. The Toronto-based lender announced Thursday that its Everest program, backed by an initial institutional commitment, will provide CMHC-insured construction loans ranging from $4 million to $200 million....
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