In case you missed it…here are the top five headlines grabbing SHN readers’ attention this week: EB-5 Funding Booms for Senior Living Development—The Immigrant Investor Program is gaining steam as a growing source of funding for senior living developers, some of which include Omega Communities and RockBridge Senior Living. Brookdale to Change Community Names Under […]
Presbyterian Homes & Services
While many senior living operators work together with hospital systems on a resident referral basis, one provider is taking the relationship a step further by bringing some hospital services on site through a collaboration that is three years in the making. St. Paul, Minnesota-based Presbyterian Homes & Services (PHS) is preparing to develop a new […]
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 […]
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 […]
Construction: Planned Hiram College Trying to Build University-Based Retirement Community Hiram College, a private academic institution in Northeast Ohio, is trying to build a retirement community on 90 acres just north of campus but is facing some opposition, reports Ohio.com. Plans would include 200 to 225 rental units for those aged 55 and older. Residents […]
Construction: Planned Developer Planning $76.6 Million Senior Housing Complex in Florida Project Holding 1 LLC, owned by Rajia Ackley, CEO of Coldwell Banker Ackley Realty, is planning an estimated $76.6 million, 22-acre senior housing complex in Kissimmee, Fla., reports the local Business Journal. The plan includes a five-story, 655,580-square-foot senior housing project, called Shingle Creek […]
Former Massachusetts Ski Area Slated for Senior Housing Development Maryland-based firm The Shelter Group is planning a 133-unit senior living community at the base of an old North Andover ski area that hasn’t seen much use for more than 20 years, reports Boston.com. Located at the old Boston Hill Ski Area at 1275 Turnpike St., […]