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Old Posted Dec 31, 2015, 1:41 AM
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The Birches at Chedoke | ? | 6 fl | Proposed

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Old Posted Dec 31, 2015, 1:42 AM
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Hamilton Community News: Thrive Group eyes $30 million west Mountain project

The Birches at Chedoke would provide condo-style living for active seniors

By Mark Newman | December 30, 2015

A $30 million, five to six storey condo-style building for seniors could rise next to the St. Peters Residence at Chedoke in the coming years.

The non-profit Thrive Group, which operates the west Mountain nursing home, is looking to purchase 1.3 acres of land on the south side of the residence next to the Chedoke Twin Pad Arena from the Bay Area Health Trust with the intention of building The Birches at Chedoke, a 90-100 unit life-lease housing complex for people age 55 and over.

The land is currently being used as a parking lot.

“We’ve conducted a marketability study that indicated there is a demand for that type of housing,” said Tanya Pirie, manager of development for the Thrive Group.

She noted the Thrive Group is still reviewing details of the land purchase and they hope to close the sale in April.

A purchase price has not been announced.

Similar to condominiums, life lease units are aimed at seniors and near-seniors.

There is no termination date and the units may be sold or passed on to a family member after the owner’s death.

Pirie said the units can be rented out or that children may purchase a unit for their parents. At least one spouse living in the unit must be 55 or older

The Thrive Group board of directors has set up a subcommittee to oversee the project which Pirie described as being in the very early stages and subject to change.

She noted a final decision to proceed with the housing complex is expected in the spring around the same time the land deal is completed.

“Either way we figure the land is a good investment,” she said.

Once the land is purchased and the development is given final approval, Pirie said they will begin working on detailed plans including design and financing.

While the complex is aimed at active seniors who wish to live independently, Pirie said there will be opportunities to use a variety of services offered at the nursing home.

“You might purchase originally not needing any support, but 10-20 years down the line you might say I could really use a PSW (personal support worker) to help with my showers or whatever, so it will allow you to age in place for as long as possible,” she said.

If all goes well, Pirie said construction could begin sometime in 2017 (with a 20-22 month construction phase) and the units will be sold at market value.

She added they will be seeking public input on the proposal in the New Year.
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