WALNUT CREEK, CA — Harbert South Bay plans to start construction on senior housing in Walnut Creek as the developer expands its portfolio of communities for older adults.
Harbert South Bay plans to start senior housing construction in Walnut Creek, adding the city to a development portfolio that emphasizes luxury communities in affluent markets.
The company identified Walnut Creek in a recent announcement but provided no local address, unit count, or construction schedule.
Walnut Creek joins the developer's construction plans after a decade of focusing on luxury senior communities.
Harbert South Bay said it has spent the past decade developing communities with upscale amenities in markets with strong demand and limited new supply.
The company partners exclusively with Momentum Senior Living across its portfolio.
The announcement also outlined a new joint venture between Harbert South Bay and Harrison Street Asset Management to develop communities in Pasadena, California, and Potomac, Maryland. Those projects will add 80 and 94 units, respectively.
Harbert South Bay also plans construction starts in San Francisco, San Diego's Mission Valley, and Newton, Massachusetts.
Harrison Street executive Rob Korslin said national demand for senior housing continues to exceed supply as the population age 80 and older grows.
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