In the Pipeline: Senior Housing Construction Projects (7/17/14)

Construction: Planned Presbyterian Senior Living Awarded Funds to Build Penn. Senior Apartments Presbyterian Senior Living (PSL) this week announced it has been notified that the Pennsylvania Housing Finance Agency (PHFA) has awarded funding to them to build a 50-unit apartment building for low- to moderate-income people age 62 and older. Construction on the Westminster Place […]

The Sweet Spot: Where Luxury and Affordable Senior Housing Meet

Where looming demographics and a lack of adequate supply are widening the rift between high-end and affordable senior housing, some providers have found solid ground in the middle-price point development market. Providers who have begun to target the middle-income bracket have already seen rewards in the form of lower development costs and the anticipated demand […]

In the Pipeline: Senior Housing Construction Projects (5/29/14)

Construction: Planned Groundbreaking Planned for $70M Oklahoma CCRC this Fall Officials with Oklahoma City-based Epworth Villa plan to hold a groundbreaking for a new continuing care retirement community (CCRC) this fall in Stillwater, OK, reports Stillwater News Press. The Ranch, which will be Stillwater’s first CCRC, will be located on 55 acres adjacent to Lakeside […]

Senior Living Operators Target Green Projects to Boost ROI

Senior living providers know “green” is good. But historically, going green has lacked measurable returns. Now, some providers are seeing their return on investment in just a handful of years, and one nonprofit has enough confidence to include environmentally-friendly features in new projects. For one provider, a track record based on retrofitting among other communities […]

Non-Profits See Mutual Benefit to Affordable Senior Housing Deal

Senior living non-profit Presbyterian Senior Living is seeing opportunity to bring new life to an affordable senior housing community through a recent acquisition and forthcoming rebranding. Presbyterian Senior Living acquired The Shepherds in Monroe County, Pennsylvania in a deal that closed January 1, and will complete the transition to the new ownership by April, its […]

Grant Positions Senior Living Nonprofit for Affordable, Green Design

Through a fellowship granting Presbyterian Senior Living the opportunity to work with a designated architect for three years, the organization plans to target and optimize sustainability and affordability in the coming months. Presbyterian Senior Living, a not-for-profit that operates more than 30 communities across four states including Maryland, Delaware, Pennsylvania and Ohio, was awarded an Enterprise […]

Pennsylvania CCRC Launches Household Model To Meet New Resident Demands

A Pennsylvania continuing care retirement community is repositioning its community with a new design model that’s inspired by a home-like environment for the residents who live there. The “household model,” implemented with the help of architecture firm Perkins Eastman, will create four different households within the 130-bed Presbyterian Senior Living St. Andrew’s Village in an effort […]

Senior Living Community Benefits as Site of Massive Solar Installation

The Innovation Series is Brought to you by Care Innovations, a joint venture between Intel Corporation and GE, committed to creating technology-based solutions that give people confidence to live independently, wherever they are. With GE’s expertise in healthcare and Intel’s expertise in technology – we’re innovating to change the way care and solutions are delivered. […]

Four Innovative Senior Housing Models Win MetLife Foundation Awards

Four senior housing organizations were recognized for their innovative approaches to affordable accommodations and care for the elderly with awards from the MetLife Foundation and Enterprise Community Partners. Christian Church Homes (CCH) of Northern California, Mercy Housing Lakefront and Neighborhood Housing Services, REACH Community Development, and Presbyterian Senior Living (PSL) are the winners of the 2013 […]

Old NFL Stadium Gets New Life as $100 Million Affordable CCRC

An unlikely partnership between several Baltimore-area public and private investors has fostered the repurposing of an old stadium into an affordable continuing care retirement community (CCRC), a project that’s been nearly 15 years in the making. The Govans Ecumencial Development Corporation (GEDCO) was one of the many competitors vying for the site of Baltimore’s old […]