Belmont Village Senior Living topped out its first community in South Florida last week. Now, the company is laying the foundation for developing a pipeline of projects in the region, through a new partnership with Baptist Health South Florida. Houston-based Belmont Village announced a new partnership with the nonprofit health system to develop, own and […]
Category: Development
HHHunt Corporation plans to invest $128.4 million to develop new senior living communities this year under its Spring Arbor brand. The Blacksburg, Virginia-based firm also intends to enter the active adult space and is on track to have a development pipeline underway by the fourth quarter of 2019. The new Spring Arbor developments include two […]
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 […]
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 […]