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

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LLC had planned to team with localo firm to developa high-end seniorr residential community on 12 acrez at 3200 Laclede Station Road, the site of the . The known as MacKenzie Place atDeer Creek, was slatee to include a 77-bes assisted-living facility and more than 200 independentf living units as well as retail space. However, financinh issues have caused MacKenzie Houseto re-evaluat the project, according to a filing with the Missourk Certificate of Need program. MacKenzie now has set its sightds on a much smallerprojectf — a $17 million community to be built on the campuws of the existing Stonebridge Communities at Brookvieew in Maryland Heights.
campus includezs the BrookviewNursing Home, a 223-bed skilled nursingy facility at 2963 Doddridge Ave. The facilitgy is operated by St. Charles-based , which operates nine senior-care facilitiex across Missouri. The Stonebridge campus in Maryland Heights includes a largew piece of land that is not yet fully according toRick Watters, an attorney with who is workintg with MacKenzie on the project. ElderCare already was working on planw to add independent livingand assisted-living facilities to the Watters said. “Then when the MacKenziee Place at Deer Creekproject wasn’t able to go they saw it as an opportunity to bring those beds to the he said.
“Now this project is goingh to be much smaller and easier to The proposed facility will includ e77 assisted-living beds and 29 independent living Future plans include an additionalk 10 stand-alone duplex independent living Upon completion, ElderCare would manage the proposed facility. Summiy Development still owns the Deer Creel Shopping Center and is working through various redevelopmengt options since the MacKenzie House project failedd tomove forward. These option include redeveloping the western portion of the shoppingt center into a senior living facility asoriginally proposed, according to John Ross Jr., presiden t of Summit.
The company is currently in discussionx with a few operators and andexpects “to finalize a direction” in the next two to thres months, Ross said. MacKenzie Place at Deer Creekk is not the onlylocakl senior-living project to be stalled by the crediy crunch. In addition to the MacKenzie Place the Missouri CON agenda for its June 1 meetinfg also includes the forfeiture of a CON toestablishy Grant’s Farm Manor, a 12-bed assisted- livingy facility and 24-bed skilled nursing facility planned for Affton.
Last Baltimore-based , the developer for the project, closec the marketing and sales centerfor Grant’s Farm citing an inability to secure financing for the CEO Rick Grindrod said in a statement at the time that the companu was returning deposits made by prospective residentes upon request but was not ruling out building the project when the economy rebounds.