In The Pipeline: Watermark Plans New California Site; Blakeford Senior Life Expands Memory Care

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: Planned Watermark Retirement Communities Plans New California Project Tucson, Arizona-based Watermark Retirement Communities and national development firm Oppidan Investment Company have partnered to build a […]

Big Rock, Greenbrier Go Big on Senior Living Hospitality in $250M Project

Big Rock Partners and Greenbrier Development are working on a project that could represent a new format for continuing care retirement communities (CCRCs). The partners are co-developers on a project currently dubbed Green Cay Life Plan Village, a $250 million project in Boynton Beach, Florida. As planned, the to-be-named project will have more than 200 […]

Transactions & Financings: Ziegler Arranges $36M for Planned CCRC; JLL Arranges $37M for Florida Community

Financings Ziegler Closes $36M for Life Plan Community Ziegler announced its role in the closing of $36.1 million in Series 2022A notes for Green Cay Life Plan Village Inc., a Florida-based nonprofit corporation. Green Cay plans to use the proceeds from the notes to acquire about 15 acres of land as well as to finance […]

5 Development Projects to Watch in 2022 and Beyond

The senior living industry is many things in 2022 — but one thing it is not is stale. Across the industry, new ideas are percolating on how operators can best attract and serve older adults in the coming years as a new generation of residents takes hold. From communities woven into the fabric of urban […]

Greenbrier Development, Hospital System Plan $200M Redevelopment of Former Hotel, Convention Center

Greenbrier Development is partnering with a hospital system and a commercial real estate company on a $200 million redevelopment project to turn a long-vacant hotel and convention center near Cincinnati into a senior living community. Dallas-based Greenbrier is collaborating with Brandicorp LLC and hospital system St. Elizabeth Healthcare to convert the former Drawbridge Hotel and […]

Transactions & Financings: Enso Village Closes $297M Bond Funding; Acts Retirement-Life Communities Bond Rating Affirmed

Enso Village, the $300 million life plan community under development from Kendal Corporation, Greenbrier Development and the San Francisco Zen Center, now has the majority of its capital stack in place to begin construction. Chicago-based investment bank Ziegler closed on a $297 million bond debt package on behalf of the joint venture. The bonds were […]

Best CCRC Design of 2020: Generations Mix on World’s Largest College Campus

The Spires at Berry College has a claim to fame, being located on the world’s largest college campus. And the recently opened continuing care retirement community (CCRC) makes the most of its location by integrating seamlessly with its picturesque surroundings and the neighboring school. Laurie Steber could tell that the community was going to be […]

In the Pipeline: Kendal’s Zen-Inspired Project Moves Ahead; Oakmont Expands in California

Construction: Planned Plans Advance for Zen-Inspired Kendal Life Plan Community in California The Healdsburg Planning Commission has awarded a series of approvals to the planners of Enso Village, a Kendal-affiliated life plan community in Healdsburg, California. Kendal is collaborating on the project with the San Francisco Zen Center. Plans call for a 221-residence community with […]

Meet the ‘A-Team’ Behind This $300M Zen-Inspired CCRC

A “zen-inspired” continuing care retirement community in northern California is taking shape. Proposed by Kendal Corporation, Greenbrier Development and the San Francisco Zen Center, the project now has a name, financial backing, approval from local officials and a growing list of seniors interested in calling it home. The project brings an innovative new twist to […]

Developers Gain Upside with Senior Living, University Tie-Ins

University partnerships have long garnered interest among senior housing developers, driven by a built-in intergenerational component, availability of land and the opportunity to establish shared synergies between communities and the schools. As this trend develops, these joint ventures are bringing senior housing communities closer to the central campus, laying the groundwork to creating tomorrow’s intergenerational […]