CHICAGO, IL - Chicago-based Evergreen Real Estate Group today announced it has started construction on Green Oaks of Holland, a four-story, 120-unit affordable assisted living community for seniors in Holland, Ohio. Site work is underway following a groundbreaking ceremony on Feb. 10, with completion and opening anticipated in March 2027.
Located at 6650 N. Mall Drive, approximately 10 miles west of downtown Toledo, Green Oaks of Holland will offer 67 studio and 53 one-bedroom apartments. The community will offer essential support with activities of daily living for seniors across a range of income levels, including those who qualify for Medicaid benefits. Green Oaks of Holland will be managed by Gardant Management Solutions, the fifth-largest provider of assisted living in the country. The community will be licensed as a residential care facility by the Ohio Department of Health (ODH) and approved as a Medicaid-assisted living service provider through the Ohio Department of Aging (ODA).
This project is one of the first purpose-built affordable assisted living developments to break ground in Ohio. In partnership with Ohio Housing Finance Agency (OHFA), Ohio Department of Medicaid (ODM), ODA, ODH and other public and private stakeholders, it will meaningfully expand access to affordable assisted living, providing seniors the opportunity to age in a more residential, community-based setting at approximately half the Medicaid cost of nursing home care.
“Green Oaks of Holland marks Evergreen’s first affordable assisted living community in Ohio,” said Jared Isenthal, vice president of development for Evergreen Real Estate Group. “After developing similar communities in Indiana and Illinois, we’re expanding this work to Ohio to increase access to affordable senior care while creating jobs and delivering long-term value to the local community.”
Steve Rappin, CEO of Evergreen Real Estate Group, added: “For more than 25 years, Evergreen has been committed to pursuing multifamily developments that align with our mission to improve lives and transform communities, and this brand-new assisted living community in Holland is a perfect example. We saw an opportunity to bring a much-needed form of housing to this suburb of Toledo, which will allow area seniors to remain in their community near their friends, family members, doctors and others they have established relationships with over the years. Green Oaks of Holland also will offer residents the extraordinary opportunity to age in place in a brand-new accessible apartment with access to care as their needs may require.”
“The Village of Holland is excited to welcome Green Oaks of Holland to our community, providing an additional senior assisted living option for our residents,” said Ryan K. Spangler, mayor of the Village of Holland. “This four-story, 120-unit facility represents a significant investment in our Village and reflects our commitment to meeting the growing needs of our senior population. In addition to enhancing local housing options, Green Oaks of Holland will bring approximately 50 new jobs to the Village through a combination of full-time and part-time positions. We look forward to the positive impact this development will have on our local economy and are proud to support a project that strengthens both our community and quality of life for our residents.”
“Breaking ground on this community represents more than construction — it represents opportunity and possibility,” said Julie Simpkins, co-CEO of Gardant. “We’re dedicated to creating a place where older adults can thrive, feel valued and receive the personalized support they need to live as fully and independently as possible.”
Designed with a focus on high-quality architecture, lasting functionality and strong curb appeal, Green Oaks will be a valuable and well-integrated addition to Holland, said Isenthal. Each unit will offer a kitchenette with a sink, refrigerator and microwave, with the flexibility to be upgraded to a full kitchen if needed. Units will also include a full private bathroom with a shower and grab bars, living and/or bedroom space, individual heating and air conditioning, and an emergency alert system.
Green Oaks of Holland will provide a wide range of amenities to promote comfort and engagement, including a large dining room with a commercial kitchen providing three daily meals and snacks, as well as a fitness room, beauty salon, game room, activity rooms, resident computer stations, a library, art spaces and multiple community rooms and lounges. Certified staff will be on-site 24 hours a day, and the facility will offer transportation to local stores and services for residents.
The development plan includes 70 on-site parking spaces, six of which will be accessible. Site amenities will feature a covered main entry drop-off, outdoor porches, walking paths, a private rear patio, a gazebo recreation area and all-new landscaping.
The Ohio Housing Finance Agency approved Green Oaks of Holland for 4% Low-Income Housing Tax Credits and issued tax-exempt private activity bonds to support the development. The bonds were underwritten and placed by D.A. Davidson, satisfying federal financing requirements and enabling the project to receive the associated tax credits. Green Oaks of Holland was designed by Chicago-based WJW Architects, and the general contractor for the project is The Douglas Company, based in Holland.
In addition to creating over 100 construction jobs, the project will also add 35 full-time and 15 part-time positions to the local economy once the property opens for operation, including opportunities for healthcare workers, administrators and maintenance and food service staff.
The community will be located near a Walmart Supercenter, Target, additional stores and service businesses, restaurants, a pharmacy, urgent care facility, public library, public parks and a recreation center.
Evergreen Real Estate Group completed two affordable assisted living communities in Indiana in recent years that are similar to Green Oaks of Holland. They include Green Oaks of Goshen, a four-story, 120-unit assisted living community in Goshen, as well as Green Oaks of Valparaiso, a three-story, 120-unit assisted living community in Valparaiso.
About Evergreen Real Estate Group: Founded in 2001, Chicago-based Evergreen Real Estate Group is a fully integrated multifamily company that develops, acquires, and manages affordable and market-rate multifamily apartments for both seniors and families across 12 states and the District of Columbia. Evergreen specializes in thoughtful, creative residential development solutions – from adaptive reuse of historic buildings to new development in cities and towns facing a shortage of affordable housing. The firm is led by a passionate, cross-disciplinary team of developers, architects, urban planners and attorneys who have come together to create high-quality apartment communities, often in collaboration with local municipalities and financial partners who share its vision of investing not just in real estate, but also the people who call our communities home. Evergreen currently owns and manages 14,500 units of multifamily housing.
For more information, visit www.evergreenreg.com