Construction: Planned Jacksonville, FL Senior Living Towers to Undergo $8.5M Makeover A 12-story affordable senior living apartment complex in the San Marco neighborhood of Jacksonville, Florida, will soon undergo an $8.5 million renovation, reports Jacksonville Daily Record. Previously known as Baptist Towers, The Towers of Jacksonville senior living complex will be remodeled by The FaverGray […]
Erickson Living
Construction: Planned Validus Senior Living to Break Ground on New Florida Assisted Living Project Tampa, Florida provider Validus Senior Living will team with a local developer to create a combined assisted living and memory care community that the company says will feature innovative programming and life-enhancing technology. Validus anticipates breaking ground on the new InspiredLiving […]
Construction: Planned Developer Dives into Senior Living Market with $15 Million Project Kansas City, Missouri-based development firm Lane 4 Property Group is entering the senior living business, partnering with Tetrad Property Group of Omaha, Nebraska, to develop a $15 million independent living project, Kansas City Business Journal reports. The 101-unit independent living facility will be […]
Construction: Planned Dayton, Ohio Senior Living Proposal Represents $60 Million Investment A plot of undeveloped land is presenting a $60 million investment opportunity for a planned senior living community in the Dayton, Ohio metro area, reports Dayton Daily News. A 65-acre tract of land could be the site of a new senior living community in […]
Size matters for the top U.S. senior housing operators of 2013 as both Brookdale Senior Living Inc. (NYSE: BKD) and Emeritus Senior Living (NYSE: ESC) took the #1 and #2 spots in the latest American Seniors Housing Association (ASHA) Top 50 list. The ASHA 50, released by the National Real Estate Investor, ranks the largest […]
Houston’s senior living industry is in the midst of a perfect storm thanks to a hot real estate market, booming job market, and high baby boomer population. Aging boomers putting their homes up for sale are benefiting dually, reports the Houston Chronicle: homes are selling fast, and for high prices. “Homes are selling quickly in […]
Construction: Planned North Carolina SNF Plans $3 Million Expansion Liberty Healthcare & Rehabilitation has plans to expand one of its skilled nursing facilities (SNFs) in Advance, North Carolina—a project estimated to cost about $3 million, reports the local Business Journal. Though a general contractor has yet to be selected for the project, Liberty says the […]
Planned Vermont CCRC to Build $10 Million Expansion The Cedar Hill Continuing Care Community, a continuing care retirement community located in Windsor, Vermont, announced this week its plans to build a $10.6 million addition. The 42,000-square-foot, two-level building addition will house a 20-bed memory care unit and will also double the community’s capacity of its […]
After a months-long process to gain ownership of a distressed Florida continuing care retirement community, Erickson Living announced today its ownership and management of Palm Beach Gardens-based Devonshire at PGA National and its continuing care neighborhood. “We are proud and excited about bringing the Erickson Living lifestyle to southeast Florida and expanding our management portfolio […]
Construction: Planned Developers Plan Groundbreaking for $19 Million Renovation Project Plantation Village, a continuing care retirement community (CCRC) in Wilmington, North Carolina, plans to begin construction on a $19 million expansion and renovation project November 15. Expansion plans for the community, which is managed by Life Care Services, include a 27-unit apartment building, new dining […]
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