Senior housing providers have a lot to gain by reducing hospital visits among residents, as these experiences can be traumatizing for older adults, increase their odds of being exposed to infectious disease and make it more likely they will develop dementia. And of course, there are also business implications for senior housing providers for retaining […]
(Masonic Village at Lafayette Hill – Photo courtesy of Masonic Villages) Construction: Planned Immanuel Lutheran Communities Plans Senior Housing Community for Montana Not-for-profit organization Immanuel Lutheran Communities, in partnership with Mountain Plains Equity Group, have developed plans to build a new senior living apartment complex on 4.2 acres at 41 Meridian Court near downtown Kalispell in […]
Construction: Planned Zenith Capital, Village Concepts Plan $25 Million Project for Seattle Zenith Capital, a company that provides alternative financing for the senior housing industry such as EB-5 funding, is teaming up with Federal Way, Wash.-based Village Concepts to build a new 100-unit, $25 million assisted living and memory care facility in Seattle. The Linden […]
Construction: Planned St. Louis Community Plans $14.6 million Renovation and Construction Projects Nazareth Living Center, a 140-bed skilled nursing facility and 150-bed assisted living community in St. Louis, is planning a renovation and the construction of an assisted living facility—a project that will cost $14.6 million, reports St. Louis Business Journal. While Nazareth already provides […]
Construction: Planned Big Rock Partners Selects Construction Manager for $60 Million Luxury Community in Fla. Big Rock Partners, a national real estate investment management and development firm headquartered in Beverly Hills, Calif., has selected Balfour Beatty Construction to serve as construction manager for a resort-style, $60 million senior living rental community under development in Celebration, […]
(The Westerly Residences and Wichita Presbyterian Manor – Photo courtesy of Presbyterian Manors of Mid-America) Construction: Planned LTC Properties Buys Land for New Chicago-Area Memory Care Development LTC Properties, Inc. (NYSE: LTC), a real estate investment trust (REIT) based in Westlake Village, Calif., this week acquired 3.5 acres of land in Tinley Park, Ill., a south suburb […]
(Edgemere Cocktail Lounge – Photo Courtesy of Senior Quality Lifestyles Corporation) Construction: Planned Dallas CCRC Plans $36 Million Expansion Edgemere, a continuing care retirement community (CCRC) in Dallas, will soon begin a large-scale expansion and renovation project to address the growing demand for senior living options in the area. Financing for the project was completed through […]
As some developers grapple with building senior housing projects in urban areas, others are making a name for themselves by revitalizing historic buildings in underserved neighborhoods into vibrant senior living communities. Developing in an urban, infill area presents its fair share of spatial challenges when finding the right place where a senior living project might […]
The future of designing senior housing presents quite the conundrum for developers and operators, especially when it comes to making that housing affordable: While the demand for the product is clear, the challenges in building these facilities are often insurmountable. Enter: an innovative solution that combines financing alternatives with unique amenities and cost-saving natural resources. Such was […]
Construction: Planned Aspire Development Partners, The Arbor Company Plan Ga. Community Ga.-based Aspire Development Partners and The Arbor Company recently announced plans for the development of a cutting-edge senior living community in Georgia’s Cherokee County. The project site is located on Sixes Road near the master-planned Bridge Mill Golf and Country Club community. Construction, which […]
