Senior living development is diminished in 2023 — but it is not dead. Across the country, senior living companies are still finding ways to forge ahead with new development projects even amid challenges related to financing and construction. But the challenges of this year have pushed these companies to become even more bold and creative […]
Construction: Planned SRP Medical to Build Texas Senior Living Community SRP Medical, a senior care real estate investment and development company, and Frontier Management recently announced plans to build a 100,000-square-foot senior living community in the southwest area of Forth Worth, Tex. The community will have 105 residents providing assisted living and memory care services. “SRP […]
Northbrook, Ill.-based Integrated Development Group LLC is abandoning its plans to convert the former Lakeshore Athletic Club building located on Chicago’s Lake Shore Drive into 139 units of senior housing after being unable to obtain financing for the estimated $80 million project, reports Chicago Real Estate Daily. Luxury senior living developer Integrated Development Group bought […]
