Having successfully developed an assisted living community for Medicaid beneficiaries in the Washington, D.C. market, Northbridge is now underway on a similar project, with Amazon (NYSE: AMZ) among the backers. Amazon’s involvement will “give us a little more flexibility” in the new community compared to the first, Northbridge Communities President Wendy Nowokunski said at the […]
Global real estate company Hines and the Tampa Bay Rays are moving forward with plans for a professional baseball stadium development project with hundreds of senior living units included in the plans. The project in Saint Petersburg, Florida, was initially announced last year as part of three competing development proposals. Plans by Hines call for a […]
Priya Living has officially revealed the first community in the company’s plans to expand its model overseas, with expats living in the U.S. as the company’s primary target audience. The company on Tuesday announced Priya Flower Valley, a 42-unit community set to open this November in the Flower Valley township in Gurgaon, India. As planned, […]
Transactions Shadowbrook Resort sold, to become independent living community The six-decades-old Shadowbrook Resort based out of Wyoming County, Pa., is expected to close on a sale to developer Richard Angelicola on Aug. 31. Reporting from The Times-Tribune states the 100-unit apartment facility will add to Angelicola’s current portfolio of Glenmaura Senior Living, Highland Park Senior […]
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 […]
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 […]
