New York City has plans to build thousands of senior housing units on public land in an effort aimed at aiding the city’s low-income older adults. As outlined in a recently agreed-to budget, the city will allocate $500 million for the construction of new affordable apartments on unused space at New York City Housing Authority developments, […]
Category: Affordable Housing
HumanGood has gained industry attention for its plans to reinvent the continuing care retirement community (CCRC), but the large nonprofit provider has even grander ambitions when it comes to senior living innovation. This year, it plans to hire an executive to focus on its wide-ranging innovation efforts, which include creating a prototype offering for the […]
In 1919, the A.S. Kreider Shoe Company moved into a newly built, 64,000-square-foot factory. Throughout the years, the large brick building in Lebanon, Pennsylvania, has served as the home of Lebanon Dress Company, Hermann Handkerchief, and, now, Kreider Commons, the 2017 Senior Housing News Architecture & Design Award winner in the “Best Affordable Housing” category. Recently, […]
Head north on Halsted Street in Chicago’s Boystown neighborhood—just one block of Wrigley Field—and you’ll see it: a modern, multi-unit residence decked in green and blue hues. No, this isn’t a new condominium for the city’s young, urban professionals, but rather an affordable housing unit that has become a haven for the city’s low-income older […]
Baltimore, Maryland-based The Shelter Group is bowing out of the affordable-housing sector, instead shifting its focus on to growing its Brightview Senior Living portfolio. Founded in 1977, The Shelter Group is a privately held real estate development and property management firm, specializing in multi-family and senior living communities. The group recently sold 43 of its affordable […]
The senior housing industry as a whole is seeing growth as the baby boomer generation moves into retirement. Still, senior housing isn’t expected to see as much of an uptick as other housing categories this year. When it comes to growth in the next year, housing industry owners, developers and managers predict the largest surge will occur in […]
As the number of aging baby boomers increases drastically in the coming years, where these older adults choose to live will no doubt impact the senior living industry. The population 65 and over increased from 36.6 million in 2005 to 47.8 million in 2015 and is projected to more than double to 98 million in 2060, […]
(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 […]
The nation’s biggest homebuilder has expanded its business to offer affordable age-restricted housing for adults who want to remain at home as they age. While the company is not overtly positioning itself as a competitor to senior living communities, the move signals another company seizing a business opportunity in helping people stay in single-family dwellings […]
(Rendering of The Buckingham located in Houston, Texas — Photo courtesy of The Buckingham) Construction: Planned Presbyterian Homes Plans $49.5 Million Redevelopment Project GracePointe Crossing, a Presbyterian Homes & Services senior living community, is planning a redevelopment project in Cambridge, Minn. The first phase of the project is expected to being in the fall. The community […]
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