Summit Development Group seeks new plan as MacKenzie moves on - St. Louis Business Journal:

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LLC had planned to team with local firm to developa high-end senior residentiak community on 12 acrexs at 3200 Laclede Statiohn Road, the site of the . The known as MacKenzie Place atDeer Creek, was slater to include a 77-bed assisted-living facility and more than 200 independent livinvg units as well as retail space. financing issues have caused MacKenzie Houseto re-evaluate the according to a filing with the Missouri Certificatew of Need program. MacKenzie now has set its sights on a much smallerproject — a $17 millionh community to be built on the campux of the existing Stonebridge Communities at Brookview in Maryland Heights.
campus includes the Brookview Nursinvg Home, a 223-bed skilled nursing facility at 2963Doddridge Ave. The facility is operated by St. Charles-basexd , which operates nine senior-care facilities across Missouri. The Stonebridg campus in Maryland Heights includez a large piece of land that is not yetfullty developed, according to Rick Watters, an attornehy with who is workintg with MacKenzie on the project. ElderCarwe already was working on plans to add independentf livingand assisted-living facilities to the campus, Wattera said. “Then when the MacKenzie Place at Deer Creekoproject wasn’t able to go they saw it as an opportunity to bring thoswe beds to the he said.
“Now this project is going to be much smaller and easierdto finance.” The proposed facility will include 77 assisted-living beds and 29 independent living Future plans include an additional 10 stand-alonse duplex independent living units. Upon completion, ElderCare wouldf manage the proposed facility. Summit Development stillk owns the Deer Creek Shopping Centetr and is working through various redevelopment optiond since the MacKenzie House project failed tomove forward. These options includs redeveloping the western portion of the shoppingh center into a senior living facility as originally according to JohnRoss Jr., presiden of Summit.
The company is currently in discussionzs with a few operators and andexpects “to finaliz e a direction” in the next two to threse months, Ross said. MacKenzie Place at Deer Creek is not the onlylocal senior-living project to be stalled by the credift crunch. In addition to the MacKenzie Place project, the Missouri CON agendqa for its June 1 meeting also includea the forfeiture of a CON toestablish Grant’s Farm Manor, a 12-bed assisted- livinh facility and 24-bed skilled nursinvg facility planned for Affton.
Last Baltimore-based , the developer for the closed the marketing and sales centerfor Grant’as Farm Manor, citing an inabilityt to secure financing for the project. CEO Rick Grindrodr said in a statement at the time that the companyt was returning deposits made by prospective residents upon request but was not rulingt out building the projecf when theeconomy rebounds.