At a time when other senior housing developers are pulling back, firm National Development sees opportunities to grow. The Newton, Massachusetts-based firm announced it has broken ground on a new project for an 86-unit assisted living and memory care community in Scotch Plains, New Jersey. National Development expects to wrap up construction in the summer […]
Category: Development
There are many tried and true methods when it comes to designing a senior living community. However, architects and designers believe there are numerous ways the industry can be pushed forward through bolder and less conventional approaches. Senior Housing News spoke with a variety of architects about what items and ideas are on their wishlist […]
This story is part of your SHN+ subscription In 2025, demand is surging. The rate of newly built communities is not. If the industry does not move faster and conditions persist into next year, it will run into challenges as it seeks to grow for the boomer generation. A big development rebound is unlikely for […]
Kisco Senior Living’s The Carnegie at Washingtonian Center project centered on two big ideas: Allowing residents to live fully while promoting sustainability with the surrounding area. With 40% of its eight acre urban site to reforestation efforts and features such as walking paths, biophilic landscape design and rainwater filtration systems, the community is designed to […]
Acanthus Development is moving forward with a new development and management model, with plans for a handful of senior living communities on properties owned by Catholic churches and potentially more after that. The company, headquartered in Scottsdale, Arizona, expects to break ground on the first of five projects in and near Phoenix, Arizona, by April, […]
Architects and developers are finding ways to get creative with the practice of adaptive reuse, where old buildings are converted into new senior housing offerings. While the practice isn’t for the faint of heart due to the costs and challenges with bringing buildings up to code, it comes with unique opportunities and marketing possibilities once […]
Investing in CapEx and refreshing older properties has always been part of the senior living real estate cycle. In 2024 as new development remains tough, the practice has taken on a new importance. How and why senior living operators undertake CapEx projects has shifted in recent years as operators have prioritized meeting the needs and […]
A healthcare campus is coming together near a Latitude Margaritaville community in the Sunshine State – all part of a bid to meet future demand from residents for wellness and aging in place. Real estate company St. Joe (NYSE: JOE) is developing a new healthcare campus with partners Tallahassee Memorial Healthcare and Florida State University’s […]
The senior living industry has already upped its wellness game in the last few years, but operators are taking their practices aimed at keeping residents well to an even higher level in 2024. It’s no secret that wellness has evolved beyond food and nutrition since it became a hot topic in the last few years. […]
The senior living industry’s “investment gap” is continuing to grow and could widen to nearly $800 billion by 2050 if the industry does not speed up the rate of new development. As previously outlined, the senior living industry faces a $275 billion development “supply gap” by 2030 at its current rate of new development. Although […]
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