Although the rising prices of commodities for some products have improved, construction labor costs and shortages are continuing to push the cost of new senior living projects higher in the second half of 2023. Construction costs per square foot for developers have been on a continuous increase, according to the latest Senior Living Construction Costs […]
Category: Development
The parent company of senior living platform Anthology Senior Living is facing a handful of challenges, including a pending eviction from its Chicago headquarters reportedly in connection with an ongoing cash crunch. That’s according to real estate news publication The Real Deal. The lawsuits include one filed by the landlord of its Chicago headquarters detailing […]
Sunrise Senior Living has opened its second high-rise in New York City — and the company’s “robust premium pipeline of new development” could see expansion to other senior living hotspot markets, Senior Vice President of Operations Denise Falco tells Senior Housing News. On Monday, the McLean, Virginia-based senior living operator announced the opening of The […]
In the last two decades, Serenbe has gained a reputation as a pioneering wellness community, incorporating intergenerational living as a key principle. Now, plans are in the works to develop a seven-acre campus within Serenbe to more intentionally enable aging in place, putting the community at the forefront of several trends in senior living. “We’re […]
This article is a part of your SHN+ membership Senior living is a luxury good that nobody aspires to own. I’ve been thinking about this statement from former Welltower CEO Tom DeRosa in light of recently released data, as well as conversations that occurred at our recent Senior Housing News WELLNESS event in Atlanta. The […]
When the owner and principal dealer at Bowditch Ford passed away unexpectedly in 2018, his son inherited more than the dealership – he inherited his father’s unfinished senior living renovation project. “I had a choice to make,” Casey Rosinski told Senior Housing News. “Do I finish? Or do I sell it?” Five years later, Rosinksi […]
Saint Therese is expanding to a new state with plans to acquire a senior living community in Michigan as the company eyes further growth. The Saint Louis Park, Minnesota-based senior living operator recently signed a letter of intent to assume ownership of a continuing care retirement community on July 1 from the Sisters, Servants of […]
Sunrise Senior Living is slated to strengthen its foothold in New York City’s budding luxury senior living market. The McLean, Virginia-based company is in the coming weeks opening its forthcoming community in Manhattan’s Upper West Side. Construction on the community wrapped up earlier in the year, according to local news publication New York Yimby. Like […]
Minto Communities is in growth mode for the Latitude Margaritaville brand, with a growth strategy that will expand the company’s footprint in several states. In April, it was announced that Latitude Margaritaville was expanding Mexico for the first time with new partner Levy Holding. Though Minto is not involved in the project, the brand’s international […]
Jimmy-Buffett–inspired 55-plus housing brand Latitude Margaritaville is expanding south of the U.S. border. A new Latitude Margaritaville community is now coming together in Lake Chapala, Mexico, about an hour’s drive south of Guadalajara. Guadalajara-based real estate development group Levy Holding is developing the new community, Latitude Margaritaville International Lake Chapala. As planned, the community will […]
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