A growing number of colleges are building senior housing near their campuses. Now, one New York school is going a step further, building a community on its campus. Purchase College — part of the State University of New York system (SUNY) — recently announced plans for Broadview Senior Living at Purchase College. The Purchase, New […]
Category: Development
Yesterday’s buildings can be tomorrow’s senior housing, in the right hands. As land, labor and materials costs continue to rise, senior housing developers and operators across the country are looking for opportunities to repurpose vacant, obsolete buildings into senior living communities. This allows for speed to market while meeting future demand from seniors transitioning into […]
Through robust university partnerships as well as mixed-use developments, Belmont Village is creating senior living communities with strong intergenerational components — and CEO Patricia Will expects that this trend will gain steam in the coming years. In fact, don’t be surprised if student housing and senior living communities are co-located in the future, perhaps sharing […]
Robert Turner didn’t plan to develop senior housing, but that’s the beauty of intergenerational living: he ended up doing it anyway. Turner’s work on a master-plan in Habersham, South Carolina, left residents so happy that they began asking him and his team how they could remain in the community even as they aged and their […]
One of the most promising advancements in memory care treatment in recent years is the rise of “small home” communities. A growing number of providers recognize these communities allow for a more person-centered care model that reduces the frequency of agitation, aggression or other dementia-related behaviors. The smaller scale of these communities, meanwhile, can allow […]
A senior living management company with a regional footprint in the Southeast has set its sights on becoming a national presence centered on hospitality. Jackson, Mississippi-based Blake Management Group (BMG) has quickly grown in recent years by forging joint ventures with development partners, and has made several executive hires in recent months, including adding a […]
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 […]
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. […]