News

Construction begins at Burlington senior housing complex

Real Estate NJ / Joshua Burd

March Associates Construction has broken ground on the first of eight remaining buildings within a master-planned senior living community in Burlington County.

Working on behalf of a longtime client, Capitol Senior Housing, March said it was overseeing an expedited construction schedule that will produce more than 210,000 square feet of age-restricted apartments and a clubhouse in Cinnaminson. Plans call for 119 new high-end rental homes at 1411 Siena Drive, just off Route 130 and across from The Shoppes at Cinnaminson.

Completion for what’s known as Siena Luxury Residences is slated for late fall 2019, March said, touting the project as a sign of its growth in the Philadelphia market.

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Final Phase of Siena, Active Living Retirement Community in Cinnaminson, Moving Forward

Globe Street / Steve Lubetkin

The final phase of Siena, an upscale multifamily retirement community in Cinnaminson, NJ, is underway.

Capitol Seniors Housing acquired Siena earlier this year and has begun work on a state-of-the-art clubhouse and seven residential buildings with 119 luxury homes for lease. The new homes will feature large and spacious floor plans with well-appointed kitchens, laundry rooms and other amenities. The project is expected to be completed as early as mid-2019.

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Active Adult Gains Most New Interest from Senior Housing Investors

Senior Housing News / Tim Regan

Active adult is picking up steam as an attractive property type for senior living investors, according to commercial real estate services firm CBRE. Scott Stewart, Managing Partner of Capitol Seniors Housing, provides insights on the Active Living market. 

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Capitol Seniors Housing Opens Arbor Terrace Mountainside in New Jersey

Globe Street / Steve Lubetkin

Capitol Seniors Housing, a senior living investment and development firm, has opened a new assisted living and memory care community—Arbor Terrace Mountainside—in Mountainside, NJ.  CSH has other holdings in New Jersey, including the newly opened Atria Norwood, Arbor Terrace Morris Plains, and The Chelsea at the Solana Marlboro, and is opening new communities in Mount Laurel and Shrewsbury.

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