Welsh Construction and Genesis Architecture recently announced completion of Highview Hills by Walker, a 242,000-square-foot senior living community located in Lakeville, Minnesota. The facility, a 153-unit senior living community located on six acres, opened on October 1, 2009 and the construction of the project was completed in just over 12 months. The three-story building includes […]
Category: CCRCs
It’s 5 O’clock somewhere in Michigan, more specifically coming to your nearest CCRC. As Michigan grapples with budget cuts and looks to generate more tax revenues, a bill was introduced that would create a new class of liquor license for senior living facilities. The bill, which stalled on the senate floor, calls to: Include a […]
FreemanWhite, an architectural, engineering, interior design and consulting services firm for healthcare organizations worldwide, recently announced the completion of a revitalization construction project for Southminster , a Charlotte, North Carolina continuing care retirement community (CCRC). FreemanWhite added 89 Independent Living units, a wellness center and renovated all the public common areas, the health center and […]
Last week, Fitch released its 2009 report on median profitability ratios in the continuing care retirement communities (CCRCs) sector. The report showed that the ratios declined considerably in 2008 due to the difficult housing market and the economy. The continuing downturn in the medians supports its decision to place the senior living industry on negative […]
Last week, Ziegler Senior Living Finance announced the successful pricing of $86 million fixed-rate bonds for 15 Craigside, a new continuing care retirement community to be built in the Nu’uanu suburb of Honolulu, Hawaii. The pricing marks the fifth sizable senior living issue in 2009, the first start-up CCRC (Continuing Care Retirement Community) financing in […]
American DG Energy Inc. (OTC Bulletin Board: ADGE), an On-Site Utility, offering clean electricity, heat, hot water and cooling solutions to healthcare, hospitality, housing and athletic facilities, announced an agreement to supply energy to Carleton-Willard Village, a not-for-profit continuing care retirement community (CCRC), located in Bedford, Massachusetts. As part of the agreement, Carleton-Willard, will soon […]
For the second year in a row, Greystone Management Service Inc. has presented Kahala Nui with the Diamond Award for outstanding operations. The Continuing Care Retirement Community, located on the island of Oahu in Hawaii, is one of only two communities nationwide to be presented with this honor. Greystone Management presents the Diamond Awards annually […]
Samarion, a privately held healthcare technology corporation based in Jackson, Mississippi, recently announced that its enterprise quality improvement system that provides healthcare facilities with prevention technologies, including fall prevention, wandering and elopement prevention and abuse and neglect prevention was installed in the Christwood retirement community in Covington, Louisiana. The SamarionSolution utilizes image analysis software and […]
What are some developers doing in other parts of the world with senior housing? ACVV Retirement Village in Mossel Bay, Garden Route, South Africa is nearing completion on a 44 unit project is located in the coastal city of Mossel Bay and is an age restricted community for those in the 55+ category. The design […]
Tradition Senior Living, LP recently announced its plans to develop a full-service retirement community in a resort-style setting in Sugar Land, Texas. Set to open in mid 2011, the Tradition-Sugar Land will be the first Continuum Care Retirement Community (CCRC) in southwest Houston and eastern Fort Bend County and will incorporate accommodations for independent and […]
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