October 30, 2019
Chuck Sudo | Senior Housing News
McCaffery Interests’ entry into senior housing can be summed up in three words. “Development follows demand,” CEO Dan McCaffery told Senior Housing News. The Chicago-based developer broke ground last week on Modena Reserve at Kensington, a $75 million, 135-unit community with independent living, assisted living and memory care in Kensington, Maryland with operating partner, Denver-based Solera Senior Living.
October 15, 2019
Luke Torrance | Pittsburgh Business Times
In Monday's announcement, the company confirmed that the project was still on schedule to meet that goal and said that construction had started up only a few days after the fire. In his comments last month, McCaffery said he was optimistic the building would be okay because it was strong brick and steel structure. He also praised the fire department for responding to the scene quickly and minimizing damage. The fire started at 4:30 a.m. and was contained within three hours.
October 14, 2019
McCaffery is pleased to announce that following the fire incident on September 30th, 1600 Smallman has been inspected and construction at the office/retail development has resumed. The building remains on track to deliver to tenants in Spring 2020.
September 9, 2019
Tim Schooley | Pittsburgh Business Times
Pamela Austin is overseeing two pivotal redevelopments for the Strip District valued at $100 million, the Strip District Terminal and 1600 Smallman. How her life and career brought her to this point follows a somewhat unlikely trajectory that starts in rural southern Illinois where she was the first person in her family to go to college, to Chicago, where she met her current boss, Dan McCaffery.
September 4, 2019
McCaffery, Hines and Ivanhoé Cambridge released new renderings of T3 RiNo, at 3500 Blake Street, located in Denver’s burgeoning River North Neighborhood. The property is being developed into a six-story, 250,000-square-foot T3 (Timber, Transit and Technology) office building, which will be one of the most environmentally friendly and sustainable developments in Denver.
September 3, 2019
Brian Rogal | Bisnow Chicago
This fall, Dearborn Denim & Apparel will open a 668 SF storefront at 2342 North Lincoln Ave., and Blowout Junkie will take a 652 SF space at 2340 North Lincoln Ave. Pharmaca will occupy a 2K SF storefront at 2311 North Lincoln Ave., and next spring, Verve Wine, a New York-based retail shop, will open a 4K SF wine bar at 2349 North Lincoln Ave.
August 28, 2019
Chuck Sudo | Senior Housing News
A prominent name in real estate development is creating its first senior living projects, partnering with Solera Senior Living on a pipeline in the mid-Atlantic region of the U.S. The Denver-based senior living operator is partnering with Chicago-based McCaffery Interests on Modena Reserve at Kensington, a 135-unit community with independent living, assisted living and memory care in Kensington, Maryland. The $75 million, 167,000-square-foot development is the largest project in Kensington in 40 years and marks McCaffery’s entry into the senior living space.
August 23, 2019
Kristin Hiller | ReBusiness Online
Hines and McCaffery are the developers for Lincoln Common, which will include 100,000 square feet of retail space, 538 luxury apartment units, 40 condominiums, a five-story boutique office building, 156-room senior living community and more than an acre of open space. Previously signed tenants include Equinox, Velvet Taco, Philz Coffee, Athletico, Compass, Play2Day and Kohler Waters Spa.
August 22, 2019
Jeff Clabaugh | WTOP
McCaffery has partnered with AEW Capital Management to form a joint venture for “Modena Reserve at Kensington,” a 167,000-square-foot senior living community that is expected to be completed by early 2021. “This is the largest project the town has had in over 40 years,” said Kensington Mayor Tracey Furman, who has been an advocate for the project.
August 22, 2019
Jon Banister | Bisnow Washington D.C.
McCaffery and Solera Senior Living announced Thursday they established a partnership with AEW Capital Management and secured a construction loan from M&T Bank to break ground on the 135-unit Modena Reserve at Kensington. The $75M project is expected to break ground this month on a 2-acre site at the intersection of Metropolitan Avenue and St. Paul Street and deliver in early 2021. The 167K SF building is planned to include a 10K SF courtyard, multiple restaurants, a wine bar, a café, a penthouse lounge and a fitness center.


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