Category: Development

In the Pipeline: Senior Housing Construction Projects (4/17/14)

Construction: Planned Validus Senior Living to Break Ground on New Florida Assisted Living Project Tampa, Florida provider Validus Senior Living will team with a local developer to create a combined assisted living and memory care community that the company says will feature innovative programming and life-enhancing technology. Validus anticipates breaking ground on the new InspiredLiving… Read More »

LGBT Senior Housing Organizations Merge, Eye More Growth

Two senior-focused California organizations are merging in an effort to more efficiently meet the growing demand for affordable housing and social services for LGBT seniors. Affordable senior housing developer Gay & Lesbian Elder Housing is merging its development program into the operations of the L.A. Gay & Lesbian Center, which provides programs and services for… Read More »

Senior Living Operators Target Green Projects to Boost ROI

Senior living providers know “green” is good. But historically, going green has lacked measurable returns. Now, some providers are seeing their return on investment in just a handful of years, and one nonprofit has enough confidence to include environmentally-friendly features in new projects. For one provider, a track record based on retrofitting among other communities… Read More »

Senior Housing Rate Projected to Double, Driven By Urban Development

Senior Housing Rate Projected to Double, Driven By Urban Development

Senior housing could be in for a big surge—as much as double the current penetration rate—as baby boomers continue to sell their homes and move toward more amenities in urban centers across the country. Many are seeing their retirements unfold in those urban centers and are seeking new and modern housing options rather than independent… Read More »

Developer Takes Multi-Gen Approach to Senior Housing in China

China’s massive aging population and a new government policy are meshing well for one developer’s multi-general “mini-city” concept that looks to house 30,000 people of all ages, reports Quartz. M Health China plans to build a mult-gen mini-city in the southwestern city of Chongqing, featuring 30-story high rise complexes designed with the elderly in mind.… Read More »

Kisco Senior Living Targets Mixed-Use Communities for $160M Pipeline

A California-based senior living owner, operator, and developer is differentiating its $160 million new development pipeline by locating all the projects in mixed-use, master-planned communities.  Kisco Senior Living, headquartered in Carlsbad, California, has another $50-70 million slated for expansions and renovations at five existing communities in addition to the ground-up projects.  “Going forward, in the… Read More »

Senior Housing Q1 Occupancy Nudges Upward as Construction Slows

Overall occupancy for all senior housing property types ticked slightly upward during the first quarter of 2014 as new construction slowed, according to recent data from the National Investment Center for the Seniors Housing & Care Industry (NIC). The average occupancy rate for senior housing properties in the first quarter was 89.8%, an increase of… Read More »

Developer and Hedge Fund Form Independent “Light” Joint Venture

A New York-based senior housing developer sees huge value in developing independent living “light” residences, and is teaming with a New York City hedge fund on a massive, national pipeline, reports business trade journal Buffalo Business First. Calamar Enterprises, Inc., headquartered in Wheatfield, has entered into a joint venture with Mount Kellett Capital Management LP,… Read More »

In the Pipeline: Senior Housing Construction Projects (4/10/14)

Construction: Planned Smith/Packett Planning 102-unit Assisted Living Project in Virginia Senior housing developer Smith/Packett has plans to build a 102-unit assisted living community in Tabb, Virginia, reports Williamsburg Yorktown Daily. An application for the project submitted by Smith/Packett outlines a two-story building totaling about 90,000-square-feet, including amenities such as activity rooms, a commercial kitchen, dining room,… Read More »

Buckner International To Build $108 Million Dallas CCRC

Buckner International, a global developer of housing including senior living communities, announced it has plans for its next faith-based senior housing development: Ventana by Buckner in North Dallas. The CCRC is projected to cost roughly $108 million and is expected to be developed over the next four years, targeting completion in 2018. Buckner International plans… Read More »

Oakmont Senior Living Targets Calif. Expansion with 9 New Resort Properties

A California senior living resort developer and management company is betting big on expanding within the state, with nearly 10 projects under way or coming on line within a year’s time. Oakmont Senior Living has announced the construction of what will be its eighth and ninth communities in Northern California, for a total of 13… Read More »