Clarendale® of Schererville Reaches Construction Milestone

Ryan Companies US, Inc. has reached a milestone in the construction of Clarendale® of Schererville, a hospitality-inspired, $40 million, 177-unit senior living community being developed in Northwest Indiana. Clarendale of Schererville is fully enclosed, and construction activity is now focused on the interiors of the community that will open in Spring 2017.

Clarendale of Schererville is the third Clarendale senior living community from developer-builder Ryan Companies and its project partners, Life Care Services, An LCS® Company, and Harrison Street Real Estate Capital.

For the convenience of prospective residents and their families, the newly opened leasing office, at 212 W. Lincoln Highway in Schererville, will have special hours of operation over the Thanksgiving holiday weekend. The leasing office will be closed on Thanksgiving Day (Nov. 24), but open 9 a.m.-5 p.m. on Friday, Nov. 25, and by appointment only on Sat., Nov. 26, and Sun., Nov. 27, by calling (219) 322-8855. The leasing office’s special hours for December and standard operating hours can be found at www.ClarendaleofSchererville.com. 

Clarendale of Schererville will follow the quality of the Clarendale brand and offer three hospitality-based lifestyle neighborhoods — independent living, assisted living and memory care — all under one roof. When completed, the three-story community will feature 85 independent living residences, 38 assisted living residences and 54 memory care residences. The apartments will range from approximately 720 square feet to 1,300 square feet for independent living, and from approximately 300 square feet to 890 square feet for assisted living and memory care. The finishes throughout the building are attractive, including granite kitchen countertops in the independent and assisted living residences.  

“We are thankful for all the individuals on the construction team who are building this home that will serve local seniors for years to come,” said David Erickson, Director of Development, Ryan Companies US, Inc. “We believe seniors in Schererville and the greater Northwest Indiana area will gravitate to and truly enjoy living at this Clarendale community.”

Clarendale of Schererville is being built on approximately 9.0 acres at the northwest corner of U.S. Route 30/Lincoln Highway and Burr Street. 

Erickson noted that interest in Clarendale of Schererville has been strong, especially now that the community is taking shape and the leasing office has opened. He noted that while this community is the first expansion into Indiana for the Clarendale brand, the premise and the appeal are the same, regardless of geography. 

“Seniors are looking for comfortable living, an extensive array of amenities and conveniences, and opportunities to be connected and secure in a familiar territory,” Erickson said.

Two features that have become standard features in the other developments — a movie theater room for regular movie nights and a crafts room — have been added to an already exciting list of social amenities. Residents of the community will also enjoy a bistro, a pub and billiards room, a club room and library, living rooms with fireplaces, a vaulted multipurpose room, a wellness center with a full-service salon, a fitness room and a private patio and courtyard.

Maintenance-free living with well-appointed common areas to promote socialization and recreation will offer Clarendale of Schererville residents life-enriching opportunities. Housekeeping, maintenance and transportation as well as restaurant-style and private dining with chef’s specialties are among the convenient services to be offered. Covered and surface parking for 152 automobiles will also be available.

Life Care Services of Des Moines, Iowa, will manage the community. The Midwest-based senior living expert has brought uniquely customized senior living lifestyles to over 33,000 residents across the United States in over 130 communities. Founded in 1971, Life Care Services is the third largest manager of senior living properties in the country. 

Clarendale of Schererville is one of four Clarendale-branded projects in varying stages of development. Clarendale® of Mokena, a 156-residence community opened in Mokena, Ill., in September 2015; Clarendale® of Algonquin, a 186-residence community that opened in Algonquin, Ill., at the end of September 2016; and Clarendale® of Hendersonville, a 184-residence community being developed in a suburb of Nashville, TN, and is expected to open in Spring 2018. 

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About Ryan Companies US, Inc.
Ryan Companies US, Inc. is a 3rd generation, family-owned national developer, designer, capital investment consultant, builder and real estate manager specializing in fully integrated solutions for over 75 years. Key market sectors include: retailers, industrial, healthcare, senior living, and corporate build-to-suit; and product experience includes work on office, retail, mixed use, hospitality, multi-housing, industrial, medical office building, senior living, distribution center, public sector, and mission critical facilities.  Ryan serves customers throughout the United States with offices in the North, Midwest, Great Lakes, Southeast, South Central, Southwest and West regions. Ryan was named the 2007 National Developer of the Year by NAIOP, the Commercial Real Estate Development Association. For more information, visit www.ryancompanies.com.

About Life Care Services™
Life Care Services, An LCS® Company, established in 1971 and based in Des Moines, Iowa, is the nation’s leading manager of full-service senior living communities. Life Care Services currently provides operations management, and marketing and sales management for not-for-profit and for-profit continuing care retirement communities (CCRCs), stand-alone assisted living, memory care, and rental communities nationwide. For more information, visit www.lifecareservicesLCS.com. 

About Harrison Street Real Estate Capital LLC
Harrison Street Real Estate Capital LLC ("Harrison Street") is one of the leading real estate investment management firms that offers innovative investment products across both private and public real estate segments. The firm has created a series of differentiated investment products across multiple risk/return platforms. Our 90+ person team is headquartered in Chicago, Illinois. Currently the firm and its affiliates manage approximately $11.5 billion in assets on behalf of some of the world’s largest institutional investors.