Category: Development

In the Pipeline: Senior Housing Construction Projects (12/18/14)

Construction: Planned PDC Capital Group Invests in Pipeline of Three Northern Calif. Projects Costa Mesa, Calif.-based PDC Capital Group, LLC, has three new SummerPlace Assisted Living & Memory Care facilities planned to break ground next year in Northern California. SummerPlace Westgate, located in West Sacramento, is a $27.5 million that will add 174 units and… Read More »

Pension System Sees Potential in New $500 Million Senior Housing Fund

Senior housing development has caught the eye of many new investors of late, due to the growing senior demographic and onset of new construction and development rising to meet its needs.  And it has recently sparked the appeal of a Pennsylvania public school pension fund that plans to invest $100 million in the sector through… Read More »

Multifamily Developers: The Gateway to Senior Housing’s Future

Non-industry institutions like hospitals and national multifamily housing developers may soon find themselves at the gateway to the future of senior living development. Driven by consumers’ desires for more walkable settings within close proximity to retail, restaurants and entertainment hubs, various studies have suggested the concept of the urbanized senior living community will be most… Read More »

In the Pipeline: Senior Housing Construction Projects (11/13/14)

Construction: Planned Ryan Companies Plan Senior Living Community for Sioux Falls, SD Minneapolis-based developer Ryan Companies received approval from the Sioux Falls Planning Commission to build a 145-unit senior housing community near Lake Lorraine in Sioux Falls, South Dakota, reports local Keloland TV. Grand Living, as the project is dubbed in Ryan Companies’ plans, is… Read More »

Resort ‘On Steroids’ Slated as Start to New LGBT Senior Housing Chain

It’s the perfect senior housing mix: a market ripe for development, an underserved population and a luxury product that will attract affluent clientele. But can a development team largely new to the space get a chain of LGBT-focused luxury senior living communities off the ground? Phillips Development Companies has partnered with Phil Quattrone and Judd… Read More »

Builders Say Demand for 55+ Housing ‘Never Been Higher’

Builder confidence in the 55+ housing market has reached a new high not seen since 2008, according to the latest National Association of Home Builders’ (NAHB) 55+ Housing Market Index (HMI). Compared to the third quarter of 2013, the single-family index of the 55+ index jumped nine points to a level of 59, which NAHB… Read More »

In the Pipeline: Senior Housing Construction Projects (10/23/14)

Construction: Planned Caddis to Bring First Heartis Community to San Antonio Dallas-based real estate firm Caddis will soon begin construction on its first community in San Antonio to carry the company’s Heartis brand.  Project plans for Heartis San Antonio, which is scheduled to open in the second quarter of 2016, call for a 86,000-square-foot assisted living… Read More »

In the Pipeline: Senior Housing Construction Projects (10/16/14)

Construction: Planned Avanti Senior Living Plans Louisiana Market Expansion  Texas-based assisted living and memory care provider Avanti Senior Living is planning to expand into the Louisiana market, beginning with Baton Rouge and Covington.  The cities will soon be home to Avanti’s next projects, 77,000-square-foot communities that will accommodate 50 assisted living and 40 memory care… Read More »

4 Ways Operators Are Reinventing Senior Housing

Whether it’s expanding to add more units or renovating an existing community for the modern era, senior living providers are tackling their construction projects with an eye towards the latest design trends. Though several triggers can let providers know when it might be time for a makeover, there are a number of ways providers can… Read More »

USA Today: Developers Can’t Ignore LGBT Senior Housing Demand

As senior living developers continuously herald the anticipated coming of the baby boomer generation to fuel housing demand in the years ahead, there’s one group within this demographic that shouldn’t be ignored: the LGBT community, reports USA Today. With already two communities geared toward lesbian, gay, bisexual and transgender seniors open nationwide, USA Today spotlights… Read More »

‘Catch 22’ Awaits Developers Entering Uncharted Senior Living Territory

With certain markets notably “over heating” from a development standpoint in senior living, many are are eying new opportunities beyond tried-and-true markets as demand for all senior housing products are projected to surge in the coming years. Those opportunities come both with challenges—and benefits. Footing the extra capital and time it takes to zone and… Read More »