With Amazon Backing, Northbridge and Partners Expand Assisted Living Medicaid Model in DC

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 […]

Hines, Tampa Bay Rays Planning Baseball Stadium Development With Senior Living Included

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 Reveals First Community in India Expansion Plans

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 and Financings: HealthDrive Acquired; SLIB Facilitates Sale of Two Communities

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 […]

Construction Labor Challenges Push Senior Living Project Costs Higher in 2023

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 […]

Lawsuits, HQ Eviction Indicate Financial Trouble at Anthology Senior Living Parent Company CA Ventures

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 Opens Second NYC High-Rise With Focus on ‘Redefining’ Urban Senior Living

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 […]