Last month, Engel Burman Group began construction of two senior living developments in Mt. Sinai, New York. The $125 million project, set on 24 acres, consists of a 225-unit age-restricted community for residents 55 and older, and a 120-unit Bristal assisted living facility. Interest in the active adult segment is hot, as investors and operators […]
Category: Development
In Washington Township, New Jersey, a 35-acre plot of long-abandoned farmland has a new lease on life. This vacant site will soon be home to Washington Square Town Center, a massive mixed-use development incorporating medical office and assisted living as two of its components. This is a marked contrast to what the co-developers, Woodmont Properties […]
A growing number of multifamily real estate developers are entering the senior housing space, encouraged by demographic trends showing an explosion in the 85-plus generation over the coming decades. Among the latest is Woodmont Properties. The Fairfield, New Jersey-based firm recently launched a senior housing division and tapped industry veteran Stephen Nichols to lead it. […]
Benchmark, one of the largest senior living providers in the U.S. Northeast, is launching a Wellness Management division focused on new, urban communities. Denise McQuaide, who has served in executive roles within senior living and other health care companies over the last 30 years, has been hired to lead the division as president and COO. […]
Within the next two weeks, construction is slated to start on the first Legendary Living senior housing community. Legendary Living is the new senior living arm of Legendary LLC, a Destin, Florida-based real estate development and management firm that has specialized in luxury hotel, multifamily and resort properties since its founding in 1991. Through this […]
Chicago-based Sterling Bay — a real estate firm behind major projects in the Windy City and around the country — is training its sights on senior living. Dave Mazurek has joined Sterling Bay as director of senior living. This is a new position at Sterling Bay, the company confirmed to Senior Housing News. Mazurek is […]
One group in western Pennsylvania believes a possible solution to treating people with dementia is through building an intergenerational community, and is working with senior care innovator Dr. Bill Thomas to create such a community with 3-D printed tiny homes. The Clearfield County Area Agency on Aging (CCAAA) will soon break ground on Village of […]
Atlas Senior Living is not one of the largest senior housing providers in the country, but it is growing at a fast clip, combining entrepreneurial energy with operational know-how. Last year, the Birmingham, Alabama-based company nearly doubled in size by adding 187 units to its portfolio, the bulk of it coming from the acquisition of […]
South Bay Partners has built over 10,000 senior living units across the country since its founding in 1994. But the Dallas-based senior housing developer’s current pipeline may signal its most ambitious phase yet: South Bay has nearly 2,000 units under construction or in the design and development phase, with a total capitalization of over $1 […]
Developers and operators seeking their share of China’s growing senior housing market pie have identified design as a way to distance themselves from the competition. As senior living in China enters a new era, architects and designers are putting as much effort into a community’s look and feel as its functionality, Jason Briscoe, a partner […]
