
Joshua Jennings, 31, owner of the Cedarhurst of Collinsville assisted living facility stands outside the development. The facility is scheduled to open in early June.
Photo: David Carson/P-D |
Collinsville — In the weakest economy in decades, Joshua Jennings is thinking expansion. Jennings, 31, a developer, plans to open next month Cedarhurst of Collinsville — a $9 million, 68-unit assisted-living community. In June or early July, he plans to break ground for Cedarhurst of Shiloh — a $12 million, 87-unit assisted living community. And he says there are plans for four more assisted-living communities, all in the Metro East.
"We're trying to bring state-of-the-art assisted living to Metro East," said Jennings, who heads Metro Asset Group of St. Louis. He said studies show a substantial need for assisted-living housing in the Illinois counties.
Workers are putting the finishing touches on Cedarhurst of Collinsville. It is at 1207 Vandalia Street on land that was part of the former campus of Collinsville High School. Scheduled to open June 15, it will offer studio and one-bedroom apartments, each with a kitchenette and oversize bathroom.
The three-story, 37,000-square-foot complex will have a full-service kitchen and dining room, a two-story community living room, a spa, a barber shop/hair salon, a library-computer lab and numerous activity spaces. It also will have round-the-clock security and health care staffing.
Cedarhurst residents will get three daily meals, housekeeping and linen service and as much help as they need with personal hygiene, dressing, medications and laundry. The monthly rental fees — starting at $1,900 for studio units and $2,500 for one-bedroom units — also will include scheduled transportation, wireless Internet, basic cable television and all utilities except for telephone.
The complex was designed by the Farnsworth Group, a national engineering and architectural firm with an office in St. Louis. The construction contractor is Brase Construction of Troy, Ill.
"We think it looks like a Victorian mansion," said Carla Riva of Highland, who will be administrator and director of nursing for the facility. Oregon-based Frontier Management will have overall management responsibility.
Jennings said he grew up in Effingham, Ill., thinking about a career as an investment banker in New York City but that he was not sorry that didn't pan out. After earning a bachelor's degree at the University of Illinois and a law degree from Washington University, he decided to stay in St. Louis. He lives in the Central West End with his girlfriend.
While in law school, Jennings met David Hauschild, a lawyer-turned-developer in St. Louis County. Jennings said Hauschild was a mentor who helped him understand how to be a developer and helped him get started.
"I don't practice law, I just do assisted living," Jennings said. He said he had been working on the Collinsville project for 2½ years.
Jennings said Cedarhurst of Shiloh would be built in the 100 block of West Julie Street and probably open in May or June of next year. He said he and other investors planned to retain ownership and operate the facilities.
Jennings said he anticipated developing four more such communities despite the current economic situation.
He declined to say where they might be situated.
He said that although most of the industry was taking a wait-and-see approach, he hoped to maintain momentum.
"We think Metro East is a very good place," he said.