(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 […]
Category: Affordable Housing
(Sagewood, a Life Plan community in Phoenix, Ariz. – Photo courtesy of Lavidge public relations) Construction: Planned Certus Senior Living Plans $12 Million Fla. Memory Care Facility Certus Senior Living expects to break ground this summer on a new $12 million, 64-unit memory care community in Orlando, Fla., near Waterford Lakes, reports the Orlando Business Journal. […]
(Living room at the Christopher Heights of Northampton senior housing community in Northampton, Mass. — Photo courtesy of Cutler Associates) Construction: Planned Columbia Pacific Advisors Plans 237-Unit Senior Housing Community in Seattle Seattle-based Columbia Pacific Advisors, LLC, is entering into a long-term ground lease with the Archdiocese of Seattle and St. James Cathedral to build a 237-unit senior […]
Construction: Planned San Diego City Officials Approve Plans for $150 Million CCRC Officials with the San Diego City Council recently gave unanimous approval for the construction plans of The Glen at Scripps Ranch, a $150 million continuing care retirement community (CCRC), reports San Diego Business Journal. The 53-acre CCRC, which is planned for a site near […]
(Rendering of The Blake at Woodcreek Farms senior living community in Elgin, S.C. — Photo courtesy of Blake Management Group and Cardinal Ventures) Construction: Planned Developer Proposes $35 Million School Transformation into Senior Living City officials of Leesburg, Fla. recently approved plans for a developer to transform a historic school into a senior living community, reports […]
In the senior housing industry, owners, operators and developers tend to target either the high end of the private pay spectrum or low-income subsidized options. However, very few have seized the opportunity to provide senior living for a middle income price point when the need for such a product is only going to grow. Specifically, […]
(The Healthcare Resort of Plano developed by Mainstreet and operated by The Ensign Group in Plano, Texas — Photo courtesy of Mainstreet) Construction: Planned Omega Communities Plans $45 Million Community for Ga. Birmingham, Ala.-based Omega Communities plans to begin construction later this year on a new $45 million continuing care retirement community (CCRC) in Stockbridge, […]
Senior housing operators want their communities to possess an “it” factor: Something that catches future residents’ interest and persuades them to move in. For Federal Way, Washington-based Village Concepts, the “it” factor may come in the form of former NBA player Brian Scalabrine. Scalabrine, who has played for the Boston Celtics, Chicago Bulls and New […]
(Pecan Grove independent living building at the Highland Springs retirement community in Dallas — Photo courtesy of Erickson Living) Construction: Planned Episcopal Retirement Homes Plans $110 Million Renovations to 27 Communities Cincinnati-based Episcopal Retirement Homes plans to spend $110 million on renovating 27 of its communities nationwide, reports Cincinnati.com. The not-for-profit senior care provider will be investing in its […]
Construction: Planned Abby Development Plans $40 Million Texas Senior Living Community Dallas-based developer, owner and operator of luxury senior housing communities, Abby Development, this week announced plans to build a new project in Baytown, Texas. Dubbed Arabella of Baytown, the new community will be an approximately 284,000-square-foot development that will feature 100 independent living units, […]
Subscribe
Receive industry updates and breaking news from SHN