Real Estate

$32M Park Manor Senior Residences Targets 2026 Opening

$32M Park Manor Senior Residences project to provide 52 affordable units for seniors, embodying community-led revitalization efforts.

By Doug Elli

5/15, 19:29 EDT

Key Takeaway

  • Park Manor Senior Residences, a $32M development, aims to address the senior housing shortage in Park Manor with 52 units by 2026.
  • Funded by federal low-income housing tax credits and led by local church and developers, it emphasizes community involvement and amenities.
  • The project reflects a broader effort to involve community-based developers in addressing local housing needs.

Revitalizing Park Manor with Senior Housing

In an ambitious move to address the critical shortage of senior housing in Park Manor, a collaborative effort between developers, church leaders, and the community is set to transform a long-vacant lot into the Park Manor Senior Residences. This initiative, spotlighted by Block Club, emerges as a beacon of hope and progress, leveraging federal low-income housing tax credits awarded by the city's Department of Housing in March. The project, with an estimated cost of $32 million, underscores a significant commitment to enhancing the quality of life for seniors 63 and older through the development of 52 one- and two-bedroom units equipped with comprehensive amenities.

A Community-Centric Approach

The Park Manor Senior Residences project is not just about constructing buildings; it's about building a community. Spearheaded by Park Manor Christian Church in collaboration with ZPACT Developers and SPM Properties & Development, the initiative is deeply rooted in the community's needs and aspirations. The development plan includes not only housing but also a community room, health club, hair salon, and even a police substation, reflecting a holistic approach to senior living. This project is a testament to the power of community vision and partnership, aiming to provide more than just a place to live but a place to thrive.

Addressing a Pressing Need

The urgency for senior housing in Park Manor cannot be overstated. With nearby facilities like the Montclare Senior Residences of Avalon Park operating at full capacity and grappling with long waiting lists, the demand for affordable senior housing is palpable. This project, therefore, is not just a response to a market demand but a crucial intervention in a community facing significant housing challenges. It represents a proactive step towards ensuring that the seniors of Park Manor have access to safe, affordable, and quality housing options.

A Model of Inclusive Development

The Park Manor Senior Residences project stands as a shining example of inclusive development, driven by a team that is not only invested in the community but is part of it. The development team's commitment to sitting "at the development table" and not just settling for "crumbs" is a powerful statement of intent. It reflects a broader vision for development on the South and West sides of the city, where community members lead the charge in shaping the futures of their neighborhoods. This project could serve as a model for other communities facing similar challenges, demonstrating the value of local leadership and investment in development projects.

Management Quotes

  • Alvin Rider, ZPACT President:

    "ZPACT president Alvin Rider, alongside estate attorney Ted London and Zollie Carradine, CEO of Ashlaur Construction, began conceptualizing the project three years ago to meet the community’s demand for senior housing."

  • Ted London, Estate Attorney:

    “As a development team, what we saw on the South and West sides is that developers weren’t from the community. We decided to form a team and … get in the position to sit at the development table. We didn’t want to sit at the table and have crumbs. We wanted to order from the menu.”