As seniors start looking to move into different types of senior housing, the disposition of their current residence can be difficult to manage and obtain the highest possible price. As the housing market decline continues, some senior communities are enlisting consultants to work with seniors that are looking to buy in these communities. A fallout […]
Category: Development
The decline in U.S. home prices continued to accelerate in the 4th quarter according to the S&P/Case-Shiller national home price index. The drop was the largest in the index’s 20 year history. The lower home values threaten the economy by making consumer feel less wealthy and less willing to spend money on discretionary items. This […]
Sun City Peachtree, the Pulte Homes/Del Webb active adult community located in Atlanta, Georgia, is continuing to find success despite the down turn in the housing market. The project continues to receive a large amount of inquiries from interest parties looking to buy lots and build homes in the 1,700 acre active-adult community. Plans for […]
The Fontana City Council (Fontana, CA) recently awarded the re-development of its senior center with a $14.5 million contract to Lake Elsinore-based Tovey/Shultz Construction Inc. to build a senior center on the northeast corner of Juniper and Ceres avenues in the downtown area. The two story, 43,000 square foot facility is expected to be completed […]
Sunrise Senior Living recently sold a 1.6 acre tract of land in the Oak Lawn Neighborhood of Dallas, Texas to Belmont Village Senior Living. Belmont Senior Living, based in Houston, Texas and a subsidiary of GE Capital, purchased the property in January and is in the design phase of the project and expects to break […]
Part of the recent news and commentary about Barack Obama’s relationship with real estate financier Tony Resko has to do with a senior housing apartment complex down on the south side of Chicago. Part of the controversy surrounding the Obama / Resko affair has to do with letters of support that Obama wrote in support […]
Affordable housing in California continues to be a hot topic, especially when it comes to senior housing for low income seniors. A 75 unit apartment complex called the Sahara Senior Villas is nearing completion in Hemet, California. This project will be the area’s first affordable, low-income housing for seniors in the area with rents ranging […]
The former Discovery Water Park in Barstow, Arizona is about to get a major make over when it turns from a water park with slides and wave pools into a 1,400 unit gated community for seniors over 50. Some of the kiddie slides and the lazy river will be kept for resident’s use. Plans are […]
As Seniors get older, one of the most prevalent social groups that are important as part of a community is the church and religious affiliations that are part of senior’s lives. A white paper was recently released that describes how many churches are doing to prepare for the wave of seniors that are retiring and […]
The Fountain City, Indiana Lions Club broke ground last week on their $1.1 million dollar low-income, senior housing project. The club worked for 3 years to secure the property, financing and permits to build the 12 units project. Units are available to seniors over 62 years of age and that earn 40-60% of the area’s […]
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