In the Pipeline is brought to you by the Senior Housing News Architecture & Design Awards, an annual competition that recognizes cutting-edge design, excellence, and innovation in senior living. Submissions are currently open. Construction: Planned American House, MHT Housing Developing Michigan Community American House Senior Living Communities, the affiliated company of national real estate development […]
The pandemic has made it perhaps harder than ever before to predict the trajectory of the senior housing industry. But five new projects across the country might give an indication of where the industry is headed in the coming months and years. From the rise of active adult communities to new middle-market models to interesting […]
In the Pipeline is brought to you by the Senior Housing News Architecture & Design Awards, an annual competition that recognizes cutting-edge design, excellence, and innovation in senior living. Submissions are currently open. Construction: Planned St. Joe, Watermark Plan Florida Community The St. Joe Company (NYSE: JOE), Watermark Retirement Communities and BRW Origins are collaborating […]
Cambridge Realty Capital found a way to place new debt during the coronavirus pandemic. The West Palm Beach, Florida-based financial services firm announced it closed on $446 million in interest rate reduction (IRR) loans from April 2020 through December 2020 — activity driven by the firm’s proactiveness to help clients reduce debt load during the […]
In the Pipeline is brought to you by the Senior Housing News Architecture & Design Awards, an annual competition that recognizes cutting-edge design, excellence, and innovation in senior living. View this year’s winning entries here. Construction: Planned IntegraCare, Avenue Development Plan Community in Pennsylvania IntegraCare and Avenue Development have announced plans for a new senior […]
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, […]
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 […]
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 […]
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 […]
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 […]
