While some senior living operators and developers have frozen their development pipeline until conditions improve, other companies are not sitting idly in anticipation of a demand wave right around the corner. Although many are not moving at quite the pace they were in preceding years, they are taking creative steps to make projects pencil out […]
Confluent Development is expanding its presence in senior living despite persistent headwinds facing new development growth as construction starts remain at historic lows. The Denver, Colorado-based real estate investment and development firm is gearing up for continued growth with a large pipeline, and recently promoted Matt Derrick to managing director of the firm’s senior living […]
In the Pipeline is brought to you by the Senior Housing News Architecture & Design Awards, an annual competition that recognizes cutting-edge design, excellence, and innovation in senior living. Construction: In Progress LCS renovates community that was former school Shipley Living, a senior living community managed by Life Care Services in Wilmington, Delaware, is undergoing […]
Somewhere in Ohio is a pile of lumber owned by Confluent Senior Living — and that is not normal for the Denver-based developer. Stockpiling wood to use in future construction projects is “not a risk we would typically take,” and one that the developer probably won’t take again, according to Confluent Managing Partner John Reinsma. […]
In the Pipeline is brought to you by the Senior Housing News Architecture & Design Awards. Sign up for the SHN Architecture & Design Newsletter from SHN for updates on architecture and design trends and the annual SHN Awards Competition. Construction: Planned Charter, DMK Announce Plans for Michigan Community Charter Senior Living and DMK Development […]
Lancaster Pollard Helps Secure Financing for Assisted Living Project Lancaster Pollard recently aided Gardant Management Solutions and Horve Builders in securing financing to build Heritage Woods of Noblesville, a planned 124-unit affordable assisted living community in Noblesville, Indiana. Lancaster Pollard obtained a $19.9 million loan insured by the FHA Sec. 232 program to fund the […]
(Patrick Square front rendering courtesy of Dominion Senior Living) Construction: Planned Watercrest, United Properties Teaming Up on Florida Community Operator Watercrest Senior Living Group and developer United Properties are teaming up to open a 128-unit luxury senior living community in Naples, Florida, the companies announced jointly. United Properties purchased the property in 2016. The two […]
Fortis Management Group Files for Receivership Fortis Management Group filed for receivership in an agreement with its landlords, the company revealed on July 12. The Milwaukee-based management company operates 60 skilled nursing facilities and five independent and assisted living communities throughout Michigan, Minnesota, Wisconsin, Oregon, Washington and Idaho. Read the full story on Skilled Nursing […]
(Rendering of The Blake at Edgewater located in Indian Land, S.C. — photo courtesy of The Blake) Construction: Planned Thrive Senior Living Announces New Community in Florida In partnership with Fortress Ventures and Compass Real Estate, Thrive Senior Living has announced the development a new senior living community in Naples, Fla., Thrive at Naples. The […]
(Rendering of The Veranda at Groveway, located in Roswell, Ga. — Photo courtesy of McShane Construction Company) Construction: Planned New $10 Million Senior Living Community Planned A new assisted living and memory care community plans to break ground in October in Bethalto, Ill. Cedarhurst Assisted Living and Memory Care will comprise 62,476 square feet and […]
