In the Pipeline: Watercrest Breaks Ground in S.C.; College Campus CCRC Opens

Construction: In progress Watercrest Breaks Ground on South Carolina Community Watercrest Senior Living Group and its equity partners, Peninsula U.S. Real Estate and Corecam Capital Partners, have broken ground on a new community in Myrtle Beach, South Carolina. The community, Watercrest Myrtle Beach, has 98 units, with amenities such as a promenade, fireplace, water wall, […]

Changemakers: David Block, Director of Development, Evergreen Real Estate Group

Much of today’s senior housing is envisioned as ground-up projects or repositioning of existing senior living assets. Yet one Chicago-based development company has completely changed the vision by trying new models of senior living in some unusual settings. Evergreen Real Estate Group, with David Block leading its development team, counts project examples to date including […]

Transactions & Financings: Welltower, Healthpeak Reportedly Sell South Florida Communities at Steep Discounts

Welltower sells Florida assisted living facility for $56M Welltower (NYSE: WELL) sold Aston Gardens Assisted Living in Parkland, Florida for $55.7 million, The Real Deal Miami reports. The buyer was Kayne Anderson Capital Advisors. the property is operated by Discovery Senior Living. The property sold for $78 million in 2015. The latest sale marks a […]

Change in Regulation Paves Way for $81M Hospital-to-Senior Living Redevelopment

An adaptive reuse project that will transform a vacant Chicago hospital into a mix of affordable senior apartments and assisted living is underway. Developer Evergreen Real Estate Group broke ground on the community, Ravenswood Senior Living, on January 23. The $81 million project will convert the 10-story former Ravenswood Hospital into 74 one-bedroom independent living […]

Co-Located Senior Housing, Libraries Open with Nearly Full Occupancy

In the Independence Park neighborhood on Chicago’s Northwest Side, an ambitious mixed-use development including senior apartments officially opened on Sept. 23. The library/apartments concept is an example of the growing trend of incorporating senior housing as a component of mixed-use real estate development. Large-scale changes in the economy are leading to new models of mixed-use […]

In the Pipeline: Phoenix Plans Georgia Project; Cadence, Ryan Cos. Open Arizona Community

In the Pipeline is brought to you by the Senior Housing News Architecture & Design Awards. Sign up for the SHN Architecture & Design Newsletter from SHN for updates on architecture and design trends and the annual SHN Awards Competition. Construction: Planned Phoenix, Flournoy Team Up for Georgia Project Phoenix Senior Living has announced a […]

In the Pipeline: Alliance Residential Plans Florida Project; Blake to Open Three Communities

In the Pipeline is brought to you by the Senior Housing News Architecture & Design Awards. Sign up for the SHN Architecture & Design Newsletter from SHN for updates on architecture and design trends, the annual SHN Awards Competition. Construction: Planned Multifamily Developer Alliance Announces Florida Community National multifamily developer Alliance Residential Company plans to […]

4 Keys to Successful Senior Living Projects in Mixed-Use Developments

Senior housing as a component of mixed-use development is gaining in popularity with investors, developers and future residents alike. The trend is driven by the impending arrival of baby boomers to the senior living space and the broader shift from acute care to wellness and prevention, which is paving the way for more health-focused real […]

In the Pipeline: New Blake Project in Florida; LCS Community Expanding

In the Pipeline is brought to you by the Senior Housing News Architecture & Design Awards. Sign up for the SHN Architecture & Design Newsletter from SHN for updates on architecture and design trends, the annual SHN Awards Competition. Construction: Planned Quality Senior Living, Blake Announce Florida Project Quality Senior Living’s management, through newly formed […]