McCaffery CEO: Right Design, Operator Behind $500M Senior Housing Pipeline

McCaffery Interests’ entry into senior housing can be summed up in three words. “Development follows demand,” CEO Dan McCaffery told Senior Housing News. The Chicago-based developer broke ground last week on Modena Reserve at Kensington, a $75 million, 135-unit community with independent living, assisted living and memory care in Kensington, Maryland with operating partner, Denver-based […]

Costs Should Not Stop Certification of Eco-Friendly Senior Living Buildings

With the exception of affordable senior housing communities, the senior living industry has been slow to pursue sustainable building certifications such as LEED. This lag is happening in large part due to financial considerations but could be short-sighted, given changes in building codes and consumer expectations. State and local building codes across the country are […]

10 Ideas Shaping the Future of Senior Living Development

Buildings designed to promote wellness, ambitious urban communities, clusters of small homes created with cutting-edge tech  — and even senior living at sea. These are among the ideas shaping the future of senior living development, as revealed earlier this year at Senior Housing News’ inaugural BUILD event. With the Fourth of July fast approaching, we’re […]

Pent-Up Demand Fuels New York City’s Senior Living Renaissance

Demand for urban senior living is increasing across the country, and the nation’s largest city is a hotbed. Given New York City’s particular market dynamics, flashy new projects are coming out of the ground, an existing community on the Upper West Side is thriving, and a real estate investment trust recently paid a historically high […]

Related Cos., Eliot Spitzer Propose Senior Living for Highrise Near Hudson Yards

Senior living could be coming to a mixed-use highrise to be built just north of Hudson Yards, the Related Companies’ mega-development on the west side of Manhattan. A planned 44-story tower at 451 10th Avenue would potentially include 126 long-term care facility dwelling units, The Real Deal reported Wednesday, citing plans pre-filed last week with […]