CenterPointe Senior Living LLC has filed plans with Newport Beach city officials to build a 109,633-square-foot, 128-unit convalescent and congregate care facility that it hopes to open roughly two years from now.
Representatives of the Newport Beach-based company didn’t respond to inquiries.
The proposed project would be at 101 Bayview Place, which today holds Japanese restaurant Kitayama and a surface parking lot. CenterPointe’s application, which it filed in November, calls for removal of the restaurant in order to develop its project.
Los Angeles-based Kodaka Inc. is the property’s owner, according to Newport Beach city records.
City planners are reviewing the project, and requests for proposals are out for an environmental review, which typically takes about a year to complete.
CenterPointe wants to start construction in January and occupy the facility in March 2018, according to its application.
The facility would have up to 144 beds, according to the application, and five levels of living areas, along with one level of subterranean parking.
CenterPointe’s project is divided between two types of care. The first is convalescent care for the gradual recovery of health and strength after illness or injury.
The other service offering is congregate care, which is “similar to independent living,” according to Caring.com, a website providing information on various types of senior care and housing. “Residents of congregate care live independently for the most part.”
Congregate care facilities “usually [offer] at least one communal meal per day, and it’s common for services and activities to be offered to residents,” Caring.com said.
Denver Project
CenterPointe’s current projects include Ralston Creek at Arvada in the Denver suburb of Arvada, Colo. It will have 144 beds in 134 units and offer “24-hour assisted living and memory care providing certified designated care managers tailored to individual needs of residents,” CenterPointe said on its website.
Vancouver, Wash.-based Milestone Retirement Communities LLC will be the Ralston Creek operator. Milestone said on a Web page introducing Ralston Creek that its memory care services, which are for residents with Alzheimer’s disease and other forms of dementia, will be based on the company’s signature program, which features six elements of engagement, including artistic expression, physical engagement and spiritual support.
Company’s Origin
CenterPointe is roughly 2 years old, having filed as a domestic corporation with the California Secretary of State’s office in March 2014.
The privately held company’s management team includes Chairman and Chief Executive Paul Habeeb, who also founded developer Signature Senior Living LLC.
Signature received a $7.5 million investment last year from San Clemente-based CareTrust REIT Inc. for a project known as Signature Senior Living at Arvada.
“[CareTrust] understood the challenges of financing [a] new seniors’ housing development and provided a vital piece of the capital structure we needed to get it done,” Habeeb said in a statement issued when the investment was announced.
CenterPointe Co-Chairman Abdo Khoury previously served as executive vice president and chief financial and portfolio officer of Nationwide Health Properties LLC (now Irvine-based NHP Inc.). Gale Schrag, the company’s executive vice president of development, served in a similar role at Signature.
