Wichita Business Journal is reporting that senior living projects are adding millions of dollars to its local economy. At least five major area senior housing projects have been announced in recent months.
“It’s a testament to the strength of the market,” says Pat Ayars, a partner in Oxford Development Holdings, which has projects in the works for an area near NewMarket Square and in Derby.
Physicians Development Group told the Wichita Business Journal about plans for a $15.5 million assisted living and memory care facility in the Lillie Medical Park near Kellogg and Maize. And Legend Senior Living also is looking to make a big splash with two new building projects — one in east and one in west Wichita
The projects are leading to a boon for area general contractors and architecture firms.
The work comes during what has otherwise been a couple of down years for the local construction market.