Many senior living companies are subsisting on renovation and repositioning as new development remains slow. As they undertake new projects, they are putting a lot of thought into what will get the most bang for their buck. With projects usually totaling millions of dollars, operators must get return on their investment in some fashion, be […]
Category: Renovations
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 […]
The high cost of new development and lack of financing for big projects has pushed some operators to renovate and reposition older communities. In 2024, senior living operators and their partners are focusing on adding as much value as possible through renovations and repositioning. But as operators serving the baby boomers can attest, the incoming […]
Originally opened in 1923, today Country Club Plaza in Kansas City, Missouri is recognized as a landmark shopping and office district in the City of Fountains — its architecture and design inspired by Moorish and Spanish influences. Walking distance from the plaza stands a five-story building. For years, it was a relic of 1980s office […]
A little over 20 years ago, Bill Kaplan had a fateful meeting with Chicago Mayor Richard Daley. At the time, Kaplan was an entrepreneur of growing stature in the Windy City. The company he had co-founded, Senior Lifestyle Corp., had a small but growing portfolio of private-pay senior living communities. Seeing that success, Mayor Daley […]
Chicago-based firms Anthology Senior Living and K Giles have joined forces in a bid to redevelop a landmark property in the Windy City, in a project that would include 220 highrise senior living units. Representatives of Anthology and K Giles presented their plans at a community meeting on Monday, local news source Block Club Chicago […]