In the Pipeline: Senior Housing Construction Projects (4/10/14)

Construction: Planned Smith/Packett Planning 102-unit Assisted Living Project in Virginia Senior housing developer Smith/Packett has plans to build a 102-unit assisted living community in Tabb, Virginia, reports Williamsburg Yorktown Daily. An application for the project submitted by Smith/Packett outlines a two-story building totaling about 90,000-square-feet, including amenities such as activity rooms, a commercial kitchen, dining room, […]

In the Pipeline: Senior Housing Construction Projects (3/20/14)

Construction: Planned Marathon Development to Break Ground on Texas Assisted Living Project Bellevue, Washington-based developer Marathon Development, Inc. has plans to break ground this year on a new assisted living and memory care community in San Antonio, Texas. The company is scheduled to begin construction this June on Solace at Stone Oak, a 62,000-square-foot development […]

In the Pipeline: Senior Housing Construction Projects (9/4/13)

Construction: Planned  Former Pabst Brewery to Become Senior Housing Apartments New York-based Whitestone Realty Capital LLC plans to create a 124-unit senior apartment complex at a former Pabst brewery in Milwaukee, reports.  The five-story community, to be called Towne Club at The Brewery, will feature 31 units for independent seniors, 66 assisted living units and 27 […]

Senior Living Providers Seek Cure for “Someday Syndrome”

Senior living providers are seeking ways to counteract the double-edged sword of revenue loss that happens when seniors put off a move into a community—upping the average incoming age of residents while decreasing the average length of stay—and some are using their existing residents to help.  As many as 80% of seniors looking into a […]

In the Pipeline: Senior Housing Construction Projects (5/29/13)

Construction: Planned Pa. Retirement Community Seeks Zoning for 40-Unit Expansion Various professionals from Dunwoody Village—a retirement community in Delaware County, Pennsylvania—made presentations to Newtown supervisors May 13 for a proposed expansion of the existing community, reports Delaware County News Network. Today, the property is currently zoned SU-1 and contains 240 residential independent living units, 81 […]

CCRC Entry Fee Model Here to Stay—For Now

Thanks to the Great Recession’s impact on seniors’ net worth, some expect rental continuing care retirement communities (CCRCs) to gain market share in the next few years while others contend the diversity of the baby boomer generation will support the near-term viability of the entry fee model as well.  “Both will continue to have their places […]

CCRC Business Model Proves Resilient, But Not Without Bruises

The housing market crash along with the worst economic downturn since the Great Depression has reshaped the way continuing care retirement communities (CCRC) are conceived, developed and operated. While the downturn proved too much for some projects to handle, the market has largely performed well over time, those active in the market say. “The challenged […]

Providers Using Wellness Programs to Combat Surge in Deadly Falls

Healthcare providers are wrestling to reconcile high re-hospitalization rates with health care reform initiatives, prompting senior care providers to consider ways to reduce hospitalization-inducing falls within their communities. Falls can be debilitating for seniors, both physically and emotionally, and can result in injuries that require higher levels of care—including hospitalizations or long-term skilled nursing, both […]

In the Pipeline: Senior Housing Construction Projects (11/14/2012)

Construction: Planned Ventas Subsidiary to Build Mass. Senior Living Community Woodbriar Senior Living, LLC, a Ventas, Inc. (NYSE:VTR) subsidiary, will use proceeds of a $30 million bond issued by MassDevelopment to build a 125-unit assisted living community in Falmouth, Mass. The development will have 35 studio apartments, 66 one-bedroom units, and 24 two-bedroom units. Plans […]

In the Pipeline: Senior Housing Construction Projects (9/12/2012)

Construction: Planned Ill. Senior Community Gets Green Light for $78 Million Expansion Project A senior care community in Arlington Heights, Ill. has gotten approval from the local village board for a $78 million expansion project, reports the Chicago Tribune. Lutheran Home, a healthcare, rehabilitation, and assisted living center sponsored by Lutheran Life Communities, has been […]