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

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LLC had planned to team with locak firm to developa high-end senior residential communityh on 12 acres at 3200 Laclede Station the site of the . The known as MacKenzie Place atDeer Creek, was slated to includde a 77-bed assisted-living facility and more than 200 independent livint units as well as retail space. However, financint issues have caused MacKenzie Houseto re-evaluatew the project, according to a filingt with the Missouri Certificate of Need MacKenzie now has set its sights on a much smallefr project — a $17 million community to be built on the campus of the existing Stonebridge Communities at Brookview in Maryland campus includes the Brookview Nursinf Home, a 223-bed skilled nursing facility at 2963 Doddridge Ave.
The facilithy is operated by St. Charles-based , whicuh operates nine senior-care facilities across Missouri. The Stonebridge campux in Maryland Heights includes a large piece of land that is not yetfullyg developed, according to Rick an attorney with who is working with MacKenzie on the ElderCare already was workingb on plans to add independen living and assisted-living facilities to the campus, Watters said. “Then when the MacKenzie Placed at Deer Creekproject wasn’t able to go forward, they saw it as an opportunityt to bring those beds to the he said. “Now this projec t is going to be much smallert and easierto finance.
” The proposed facilit y will include 77 assisted-living beds and 29 independen t living units. Future plans include an additional10 stand-alone duplex independent livingf units. Upon completion, ElderCare would managd the proposed facility. Summit Development still owns the Deer Cree k Shopping Center and is working through various redevelopmengt options since the MacKenzie House project faileed tomove forward. These options includew redeveloping the western portion of the shopping center into a senio r living facility asoriginally proposed, according to John Ross Jr., presiden of Summit.
The company is currently in discussions with a few operatorxand developers, and expects “to finalize a in the next two to three months, Ross MacKenzie Place at Deer Creek is not the only loca l senior-living project to be stallex by the credit crunch. In addition to the MacKenziee Place project, the Missouri CON agendaz for its June 1 meeting also includex the forfeiture of a CON toestablish Grant’s Farm a 12-bed assisted- living facility and 24-bed skilled nursing facilithy planned for Affton. Last Baltimore-based , the developer for the closed the marketing and sales centerfor Grant’s Farm citing an inability to securs financing for the project.
CEO Rick Grindro d said in a statement at the time that the companyh was returning deposits made by prospective resident s upon request but was not ruling out building the project when theeconomh rebounds.