Spectrum Retirement Completes Suburban Chicago Senior Housing
Spectrum Retirement Communities has completed The Oaks at Algonquin, a 166-unit senior housing home in Algonquin, Sick. The developer broke ground on the venture in 2020 the enhancement group involved McShane Development Co. and Vessel Architecture.
The a few-tale making features unbiased dwelling, assisted residing and memory care models. Every single impartial unit characteristics a comprehensive kitchen, whilst the assisted living units provide a kitchenette with a refrigerator and microwave. Prevalent-space features include 3 eating places, a pub, a salon, a media lounge, a theater, and outside spaces with a grill area, eating patio and memory-treatment back garden.
Positioned at 2595 Harnish Generate, the 30-acre residence is less than 4 miles from the city middle and some 47 miles from downtown Chicago. The surrounding region has several health care offices and Ted Spella Neighborhood Park is inside strolling length. Several dining and browsing venues are also nearby.
In September, an additional Chicago-area senior housing project broke floor in West Dundee. Nelson Building & Improvement selected McShane Construction to create the 131-device senior residing neighborhood that was slated for an April 2023 supply.
Regardless of the senior housing marketplace currently being impacted by the pandemic, there is a need for these kinds of facilities due to demographics, as the amount of 80-yr-olds will increase exponentially in the up coming 10 decades.