Architects and developers are finding ways to get creative with the practice of adaptive reuse, where old buildings are converted into new senior housing offerings. While the practice isn’t for the faint of heart due to the costs and challenges with bringing buildings up to code, it comes with unique opportunities and marketing possibilities once […]
Investing in CapEx and refreshing older properties has always been part of the senior living real estate cycle. In 2024 as new development remains tough, the practice has taken on a new importance. How and why senior living operators undertake CapEx projects has shifted in recent years as operators have prioritized meeting the needs and […]
A healthcare campus is coming together near a Latitude Margaritaville community in the Sunshine State – all part of a bid to meet future demand from residents for wellness and aging in place. Real estate company St. Joe (NYSE: JOE) is developing a new healthcare campus with partners Tallahassee Memorial Healthcare and Florida State University’s […]
The senior living industry has already upped its wellness game in the last few years, but operators are taking their practices aimed at keeping residents well to an even higher level in 2024. It’s no secret that wellness has evolved beyond food and nutrition since it became a hot topic in the last few years. […]
The senior living industry’s “investment gap” is continuing to grow and could widen to nearly $800 billion by 2050 if the industry does not speed up the rate of new development. As previously outlined, the senior living industry faces a $275 billion development “supply gap” by 2030 at its current rate of new development. Although […]
In the last 12 months, Priya Living CEO Arun Paul has been to India about a dozen times. Paul’s travel schedule reflects a torrid international senior living development pace set by the company he leads. Priya Living has a burgeoning but growing operation in India with four senior living communities under construction. In 2024, the […]
Hear more insights on designing for wellness and other topics from industry veterans at our upcoming ReBUILD event in Chicago on November 20 and 21. Tickets are available here. Senior living operators are preparing for the baby boomer generation by outfitting communities with more sophisticated wellness offerings through new designs and technology. Both architects and […]
With new construction starts near record lows due to the state of capital markets and the cost of materials, senior housing operators – including Atria Senior Living and Presbyterian Homes & Services – are being strategic about how to renovate, reposition and expand. Along with these struggles related to costs, cities and municipalities have been […]
A mixed-use development in the Pacific Northwest will include a senior living community, pairing the site with an athletic club and public-facing amenities. The development, known as Hyas Point in Washougal, Washington, is being led by Portland, Oregon-based RKm Development, with the senior living component and athletic club being part of a “multi-generational, mixed-use, integrated […]
The cost of building a senior living community is still rising in 2024, but there are some reasons to be optimistic about the road ahead. That’s according to the latest Senior Living Construction Costs report from Weitz Company. Constructing a mid-level independent living unit in the summer of 2024 ranges from $237 to $284 per […]
