The Reporter covers Miller, Morgan and Camden County in Central Missouri's Lake of the Ozarks and is published once per week on Wednesdays.
The new senior housing project - described as "assisted living - is already under construction in Camdenton.
(Reporter photo by Jeff Thompson)
Published August 5, 2015
More senior housing units being added to lake area
By Jeff Thompson
LAKE OF THE OZARKS - Senior housing projects are popping up all over the lake
area and the latest one could be located in Lake Ozark.
Pete Ramsell from Fish Haven Senior, LP, made a presentation to the Lake Ozark
Board of Aldermen last Tuesday night concerning the creation of the Fish Haven
Estates senior housing project.
Fish Haven Estates would offer 42 two-bedroom apartments and two one-bedroom
apartments.
After the presentation the board approved a resolution “supporting the efforts
of Fish Haven Senior, LP in its efforts to obtain financing through the Missouri
Housing Development Commission ...”
Fish Haven Road is also the location of a “workforce” housing project which is
currently under construction and is nearing completion: the same developers are
also involved in the senior housing project.
Lake Ozark is certainly not alone in hosting senior housing projects, sometimes
called “assisted living” or “independent living” facilities.
Osage Beach - through the upcoming Arrowhead Centre development project - will
not only be another lake area location for senior housing but also another
skilled nursing home.
The city had been working with the Arrowhead Centre developers since early
summer to first voluntarily annex the former Dogwood Hills Golf Course -
approved by the city on June 18 - as well as approve a Tax Increment Finance (TIF)
Plan for the project.
The $385 million project - which will replace the 228-acre golf course - seeks
approximately $55 million in reimbursable TIF funds and will include a Community
Improvement District (CID).
In addition to the senior housing and skilled nursing home, Arrowhead Centre
will also feature an apartment complex, fast food restaurants and retail and
office development that will be added in phases spread out over a 28-year
period.
The Arrowhead Centre TIF was approved by Osage Beach on July 16.
The senior housing projects in Lake Ozark and Osage Beach may be months and even
years away from completion, but another municipality could have a leg up on the
competition.
The City of Camdenton has been working with developers to create a 40-unit
townhouse apartment community for seniors in the Camdenton Center Subdivision on
Fourth Street since early spring.
A request to rezone the property from R-3 Multi-Family to RP-3 Planned
Residential Multi-Family was approved by the Camdenton Board of Aldermen on June
16.
The board also approved a resolution on July 7 that states in part that “the
City of Camdenton ... supports economic development and promotes affordable
housing choices for the benefit of the senior citizens of the city ...”
In addition, the resolution describes the housing complex as “single-story
apartment buildings featuring two-bedroom units with washer and dryer equipment
in the units and patios located at the front and rear entries ... “
The proposed single-story apartment buildings on Fourth Street will not be the
first senior housing complex in Camdenton; another that has been in existence
for years is located on Hopkins Circle, Camden Manors is on Dawson Road while
Bristol Manor and Autumn Village are both characterized as “assisted living
facilities.”
Likewise, Osage Beach is home to both Garden Gate Estates - described as
independent living apartments - and Lakeside Meadows, described as a “senior
living community.”
Resolutions of support, such as ones approved by both Lake Ozark and Camdenton,
are helpful for developers seeking state and federal funding or tax credits for
the projects.
“This is very competitive process and any and all support through letters from
the city and others would assist in their successful obtainment of these tax
credits,” Camdenton City Administrator Jeff Hancock had said July 7 in a report
to the Board of Aldermen.
All of the proposed projects are listed as “affordable senior housing.”
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