Introduction to Sunrise Senior Living
Sunrise Senior Living and Quality Senior Housing Foundation have secured an $80 million tranche of financing for Sunrise of Long Beach, a planned luxury senior housing community in Long Beach. The property, set to rise at 3340 North Los Coyotes Diagonal, is slated to include 86 units and is being developed by Sunrise Development with W.E. O’Neil Construction serving as general contractor and HIP Architecture designing the property.
Project Details
Of that housing, 62 will be assisted-living units and 24 is earmarked for memory-care apartments. In total, the property will boast 102 beds. Assisted living units will take the form of studio apartments with private bathrooms and kitchenettes, while memory-care units will include a mix of private and shared suites.
Sunrise of Long Beach will consist of one Spanish Revival building spanning 78,227 square feet. Amenities on site will include a fitness center, a wellness center, various dining venues, a library, a theater, a beauty salon and family gathering spaces as well as four landscaped courtyards.
Development and Construction
JLL Capital Markets and HJ Sims arranged the deal through California Public Finance Authority Senior Living Revenue Bonds. The project is expected to be completed in early 2027. Virginia-based Sunrise Senior Living also filed plans for a 90-unit housing complex for senior citizens in Glendale. That proposal called for the demolition of a hardware store on Glendale Avenue and replacing it with a three-story building with up to 114 beds.
Existing Properties
Currently, Sunrise Senior Living operates a handful of properties in Greater Los Angeles. That includes assisted living and memory-care housing at Sunrise of Beverly Hills and assisted living, memory-care and short-term stays at Sunrise of Hermosa Beach. Farther south in Orange County, assisted living, memory-care and short-term stays are offered at Sunrise of Yorba Linda and Sunrise of Orange. Heading north, the firm operates Sunrise of Westlake Village, Sunrise at Sterling Canyon, Varenita of Westlake and Varenita of Simi Valley.
Related News
Other senior housing projects in the area are also underway. For example, Pasadena is preparing to advance an $83M senior affordable housing complex, and EAH Housing is redeveloping a Glendale assisted living facility into senior affordable units. R&M Properties is also seeking density bonuses for a high-rise in Redwood City.
Conclusion
The financing of Sunrise of Long Beach is a significant step forward for the project, which is expected to provide much-needed senior housing in the area. With its luxury amenities and specialized care units, the property is poised to become a top choice for seniors in Long Beach.
FAQs
What is the location of the Sunrise of Long Beach project?
The project is located at 3340 North Los Coyotes Diagonal in Long Beach.
How many units will the property have?
The property will have 86 units, including 62 assisted-living units and 24 memory-care apartments.
What amenities will the property offer?
The property will offer a range of amenities, including a fitness center, wellness center, dining venues, library, theater, beauty salon, and family gathering spaces, as well as four landscaped courtyards.
When is the project expected to be completed?
The project is expected to be completed in early 2027.
