(Project rendering of Spring Cypress Assisted Living and Memory Care, a senior living community managed by Civitas Senior Living in Cypress, Texas — Photo courtesy of Civitas Senior Living) Construction: Planned Developers Plan Civitas Assisted Living and Memory Care Project for Cypress, Texas The National Realty Group and MedCore Partners will begin construction late May to deliver an 80-unit […]
(Shavano Park Senior Living, an assisted living and memory care community in San Antonio, Texas — Photo courtesy of Pi Architects) Construction: Planned O’Reilly Development, Arrow Senior Living Gain Approval for $30 Million Mo. Project Springfield, Mo.-based O’Reilly Development and St. Charles, Mo.-based Arrow Senior Living Management this week announced they have received the approved Certificate […]
(Project rendering of Nakoma Sky, a 79-acre desert resort senior living community in Oro Valley, Ariz. — Photo courtesy of three: living architecture) Construction: Planned three: living architecture Designs 79-Acre Senior Living Campus La Posada, a non-profit owner and operator of senior living properties, has engaged Dallas-based firm three: living architecture to design a concept for […]
(Tribute at Heritage Village — A senior living community in the Washington, D.C. metro area developed and operated by Atlanta-based Thrive Senior Living) Construction: Planned Civitas Senior Living Plans Summer Construction for Texas Community Officials with Fort Worth, Texas-based Civitas Senior Living and Summerlin Asset Management announced last week that construction will begin this summer […]
(Rendering of a new Allegro Senior Living community under construction in Orlando, Fla. — photo courtesy of Allegro Senior Living, LLC) Construction: Planned National Church Residences to Break Ground Next Week for $35 Million Ohio Project National Church Residences, a not-for-profit senior housing provider, plans to break ground May 9 for Inniswood Village, a new senior living […]
(Rendering of Solana Mount Pleasant, an independent, assisted living and memory care community being developed by Formation Development Group in Mount Pleasant, S.C.) Construction: Planned Formation Development Group Obtains Zoning for S.C. Project Formation Development Group, an Atlanta-based senior living developer and investor, has obtained zoning approval for a new senior housing community in Mount Pleasant, […]
(Thrive at Beachwalk, a 125-unit senior living community operated by Thrive Senior Living in Fort Myers, Fla.) Construction: Planned Welltower, Hines Acquire Site to Develop NYC Senior Living Community The New York offices of international real estate firm Hines and Welltower Inc. (NYSE: HCN), this week announced that they have closed on the acquisition of […]
As senior housing providers strive to distinguish themselves from marketplace competitors, while simultaneously trying to keep costs down, some are shifting their approach when it comes to investing development dollars into their communities. Senior housing developers are still bullish on new development, despite data showing annual inventory growth at its strongest pace since 2009, according […]
(The Blake at Carnes Crossroads, an assisted living and memory care community in Charleston, S.C. under development by Cardinal Ventures) Construction: Planned Senior Housing Partners, Zenith Capital Plan $12.3 Million Calif. Project Lake Oswego, Ore.-based Senior Housing Partners LLC and Seattle-based Zenith Capital recently announced they are planning to build a new memory care community […]
There are few things people may consider “sexy” about the senior housing industry, or for that matter, any business dedicated to serving the country’s aging and most frail population. But cue the Justin Timberlake: When it comes to attracting new expertise to work in this sector, enhancing the appeal of senior living is critical to […]