Erickson Living has big plans in Virginia, and the upcoming construction of a $300 million continuing care retirement community (CCRC) outside of Richmond is one of the linchpins. The Catonsville, Maryland-based owner and operator will open a sales center for Avery Point in the Richmond suburb of Shore Pump, Virginia, in April 2020, Erickson Living […]
A senior living development underway in Denver holds the potential to become a niche community for Jewish older adults. In so doing, it could showcase why serving particular demographic groups could become a more prevalent play for senior living providers in the years to come. The 205-unit, $97 million project is dubbed Hilltop Reserve because […]
The site of a vacant mall in a Minneapolis suburb is one step closer to being redeveloped into mixed-use, with affordable senior housing as an anchor. The Plymouth, Minnesota City Council last week approved a plan by developer Dominium to redevelop the 17-acre Four Seasons Mall site into three affordable housing buildings — two for […]
One of the highest-profile adaptive reuse senior housing developments is on pace for a spring 2020 opening, and the companies involved have started to showcase what they are bringing to market. The Watermark at Brooklyn Heights is transforming the landmark 16-story Leverich Towers Hotel in Brooklyn into 275 units — 204 assisted living, 42 memory […]
Conventional wisdom states that consumers are attracted to shiny new senior housing product that has flooded certain markets in recent years, putting older properties at a disadvantage and eroding their occupancy. This is not necessarily the case, as statistics show that top-performing senior housing properties tend to be between 10 and 17 years old. However, […]
Nonprofit senior living providers have shown an increased appetite for growth through affiliation and expanding existing campuses in recent years. Yet an aversion to risk born out of the post-2008 economic downturn has the sector trailing its for-profit peers. These trends are on display in the 16th annual LZ 200 list of top nonprofit providers […]
Technically speaking, independent living remains the consumer entry point into senior housing — the first step in the traditional care continuum. But as senior living operators know too well, consumers at that entry point are older than in the past, with many now well past 75. That’s why so many senior housing operators are looking […]
Maplewood Senior Living’s in-progress community on the campus of Penn Medicine Princeton Campus in Plainsboro, New Jersey stands out as another entry in the growing trend of tying senior housing to health care systems. This is something that Maplewood has embraced throughout its history and long before health care providers embraced the concept, founder and […]
McCaffery Interests’ entry into senior housing can be summed up in three words. “Development follows demand,” CEO Dan McCaffery told Senior Housing News. The Chicago-based developer broke ground last week on Modena Reserve at Kensington, a $75 million, 135-unit community with independent living, assisted living and memory care in Kensington, Maryland with operating partner, Denver-based […]
The ongoing discussion within the senior living industry on how to define active adult communities has, at times, made Discovery Senior Living CEO Richard Hutchinson’s head spin. “When I hear about senior apartments and active adult — having had experience [building] both of them — what we’re talking about is neither and it confuses the […]