KISCO Senior Living obtained a $71.3 million refinancing of the Abbotswood at Irving Park, a senior living community in Greensboro.

Berkadia’s Austin Sacco, Steve Muth, Garrett Sacco and Alec Rosenfeld of Berkadia Seniors Housing & Healthcare, secured the financing through Freddie Mac on behalf of KISCO.

Located at 3504 Flint Street, Abbotswood at Irving Park offers a full spectrum of senior living options, including premier cottages, independent living residences, assisted living apartments, and memory support suites. The facility provides a variety of amenities; residents enjoy chef-prepared meals, concierge services, wellness programs, transportation services, and events and activities.

Kisco Senior Living specializes in full-service, private-pay senior living communities. Based in Carlsbad, California, it owns and operates 20 senior living communities in six states, including 6 communities in North Carolina.

DECEMBER 5^th – Next Thursday: Multifamily’s leading investors, owners, developers, forecasters, managers, brokers, lenders, and more doing business throughout Florida and the Southeast U.S. will be at The Rusty Pelican in Key Biscayne, FL for this year’sConnect Southeast Multifamily conference! **Jump on the Black Friday Discount, available through this weekend only. Use code BLACKFRIDAY30 at checkout online.www.ConnectSEMF2024.com

Atrium Health Wake Forest Baptist (AHWFB) is kicking off a Greensboro medical campus by building a $163 million medical office building.

Construction is underway on the Winston-Salem health system’s first project on its property at 2909 Horse Pen Creek Road will be a 134,000-square-foot, five-story medical office building.

It’s expected to include a medical office building, surgery center and cancer center. A $30 million ambulatory surgery center will be housed in the building. Expected to open in 2026, the facility will also include a cancer center and specialty clinics in cardiology, gastroenterology, general surgery and orthopaedics and offer services such as imaging, pharmacy and physical therapy.

The hospital opening date is projected in January 2029.

Realty Link plans to build a Marriott Studio Res hotel and a Main Event entertainment center next to the recently opened Top Golf.

The Triad Business Journal reports Topgolf’s new $10.5 million Greensboro facility is 50,000 square feet and located on a 30-acre site at 609 Guilford College Road, near the intersection with Bridford Road.

Plans call for the Marriott StudioRes hotel to be four stories located at 605 Guilford College. It is set to include 124 rooms and 136 parking spaces. Rosemont Holdings is developing the hotel. Marriott StudioRes, a midscale, extended-stay hotel, first launched in 2023.

Main Event, an entertainment concept that includes a restaurant, games and activities, will be located at 515 Guilford College Road. It will be one story, approximately 48,800 square feet, and include 294 parking spaces. A convenience store is also planned for the site.

Koury Corp. has broken ground on The Lindley, a 213-unit apartment complex planned for the intersection of Holden Road and Market Street in Greensboro. The fully enclosed, gated community is expected to cost just over $50 million to build and be completed in the fall of 2025.

The Lindley will include one-bedroom, two-bedroom and three-bedroom units. Most of the community will be four stories, with one five-story section.

The Triad Business Journal reports the complex will include various amenities, including a pool with cabanas, outdoor grills, a bike storage and repair area, a car wash and a detailing area. In addition, the community will have an indoor bar and kitchen area with billiards and a golf simulator.

The apartments will also have a fitness center with a rock climbing wall, yoga studio and personal training stations. The personal training stations will include a television that provides online workouts.

The Carroll Cos. is moving forward on a $210 million construction project in Greensboro. The venture entails 480 apartments and 280 townhomes.

The property comprises more than 62 acres at 2000 and 2014 Fleming Road. The development will be near the intersection of Isaacson and Horse Pen Creek roads. Called The Madison, the company anticipates that phase one of the project will begin in the summer of 2025 and be completed in the summer of 2027. The plans include a proposed clubhouse near the apartment units, a maintenance building and an additional amenity area.

The Triad Business Journal reports the Carroll Cos. purchased the property from Zimmer Development Co. of Wilmington in the fall of 2022 for $5.6 million.

Carroll recently opened Car Caves, which features 27 for-purchase units for the storage of luxury cars. Car Caves is located at 1016 Battleground Ave., next to a Bee Safe Storage location, which Carroll also owns.

Atrium Health Wake Forest Baptist has been greenlighted for a $262.8 million Greensboro Medical Center on Horse Pen Creek Road. It took a year and a half, but the N.C. Division of Health Service Regulation finally posted its approval of Atrium’s Health’s application last week. The hospital was originally slated to open in July 2026, but the opening date is now January 2029. The 36-bed hospital will be located at 2909 Horse Pen Creek Road.

The Charlotte Business Journal reports AHWFB’s Greensboro Medical Center will feature 20 emergency department bays, 12 observation beds, two operating rooms, two procedure rooms, two CT scanners, one fixed MRI scanner and other radiology and imaging equipment.

The Greensboro Medical Center will have 152 full-time-equivalent employees at full capacity.

AHWFB is also planning to build a $30 million ambulatory surgery center at the same Horse Pen Creek site.

Crescent Communities will soon break ground on HARMON Jefferson Village, a 130-unit build-to-rent townhome project at 1500 Highwoods Blvd in Greensboro. It’s Crescent’s first BTR community in the area. They have built in Charlotte (photo).

The Triad Business Journal reports the project will cost $50 million. Move-in is slated for a year from now. Copper Builders will handle construction duties.

HARMON Jefferson Village will include three-bedroom and four-bedroom townhomes, ranging from 1,650 to 2,165 square feet. The company estimates that rents will be around $500 to $1,000 less than a monthly mortgage rate in Greensboro.

Outdoor amenities include a pool with nearby pavilion, grilling area and event lawn; an outdoor plaza area with outdoor seating; and a trailhead near an already existing walking trail and two ponds.

Crescent says it’s development portfolio has included more than 86 multifamily communities and 25 million square feet of commercial space since 1963. 

The new February One Park Deck, at 110 S. Davie St., is now open and accepting hourly and monthly parkers. It is located at the corner of East Market Street and Davie Street, across from the former News and Record site and adjacent to the future home of the 180-room Westin Greensboro. 

The February One Park Deck adds nearly 720 spaces to the City’s downtown off-street parking inventory. The deck has electric vehicle charging stations as well as automated and pay-on-foot stations for easy transactions. There are entrances on East Market Street and Davie Street, and a future entrance on February One Place will open once a planned streetscape project and hotel are complete. 

The deck will support the new hotel, which is expected to begin construction in the coming months and is poised to support economic development activity around the newspaper site and other areas of downtown.  

A one-time Greensboro car dealership may be converted into a mixed-use project that could include office, multifamily and restaurant space.

GCMC Properties is working with Trask Land Co. Inc. of Wilmington on the former Gate City Motors site.

Triad Business Journal reports that GCMC purchased the 3.5-acre site at the end of 2019 for $2.7 million. Demolition of the former car dealership commenced in January 2020. The site had been vacant since 2011. 

Trask Land Company says it performs all types of development—commercial, industrial, retail/mixed-use and multi-family—that includes creating and implementing projects from the rezoning stage to both commercial and residential infrastructure and commercial build-to-suit.

Trask projects include a Scotts Hill 55+ apartment community, a Wilmington shopping center and a corporate headquarters for a fintech company.

The city of Greensboro is hoping to revive a blighted area by deciding on a proposed mixed-use parcel on what is now a 3.4-acre vacant lot.

Two were presented to the Redevelopment Commission of Greensboro at its latest meeting.

One proposal was for an approximately $80 million project by The Alexander Company. It calls for a six-story mixed-use development that would include 30,000 square feet of retail space, 160 apartment units and 530 parking spaces. The company has been talking with grocers, including Lidl and Publix, about the retail space. The Alexander timeline calls for due diligence to be completed and a purchase and sales agreement with a deposit to be made in October 2024. 

The other proposal was for an approximately $10 million project by AZ Development LLC, the company led by Greensboro real estate developer Andy Zimmerman. The project would include a living space and parking spaces that could also be used as an outdoor community marketplace and event space.