“Plainly put, I think the industry to a large degree has built itself over the last 20 years on a model that today’s customer doesn’t want anymore,” Belmont Village CEO Patricia Will told me this week. Belmont Village and partner Greystar are trying to solve this problem by creating a new model, which they unveiled […]
Leaders with Welltower (NYSE: WELL) are optimistic that steep senior housing labor expenses will moderate while strong demand will continue in 2022, driving a recovery after nearly two years of pandemic-related challenges. “The labor disruption has been much greater than the demand disruption, particularly over the last two waves [of Covid-19], and omicron was a […]
Related Cos. and Atria Senior Living have been tight-lipped about plans for their $3 billion development pipeline, so I was excited when NY YIMBY recently published renderings of the project underway in New York City. I reached out to the architecture firm that is involved, Handel, in hopes of learning more about the design concept, […]
Among the many lessons that Covid-19 drove home in 2020: No one can predict what the future holds. But as the senior living industry battles the latest wave of infections and starts to beat back the pandemic through vaccination, it’s also more important than ever to look ahead and try to identify what trends will […]
The impact of the Covid-19 pandemic has yet to seriously impact the construction industry, but experts believe that it is a matter of when, not if, the crisis will have deleterious effects on construction timetables, supply chains and an already shallow labor pool. For expensive construction projects such as senior housing, that can lead to […]
McCaffery Interests’ entry into senior housing can be summed up in three words. “Development follows demand,” CEO Dan McCaffery told Senior Housing News. The Chicago-based developer broke ground last week on Modena Reserve at Kensington, a $75 million, 135-unit community with independent living, assisted living and memory care in Kensington, Maryland with operating partner, Denver-based […]
Hipsturbias are on the rise, and senior living developments are — perhaps surprisingly — taking pride of place in these suburbs that possess a cool factor and are popular with young adults. A mashup of “hipster” and “suburbia,” the term hipsturbia was first coined by The New York Times in 2013. Priced out of Brooklyn, […]
Senior living could be coming to a mixed-use highrise to be built just north of Hudson Yards, the Related Companies’ mega-development on the west side of Manhattan. A planned 44-story tower at 451 10th Avenue would potentially include 126 long-term care facility dwelling units, The Real Deal reported Wednesday, citing plans pre-filed last week with […]
An upscale development in San Francisco is the first project to be unveiled by Louisville-based Atria Senior Living and New York City-based Related Cos., which last year announced a joint venture and a planned $3 billion pipeline of urban senior living communities. The San Francisco project will be a 214-room senior housing building licensed for […]
As the partnership between Atria Senior Living and real estate developer Related Cos. continues to take shape, Atria CEO John Moore remains committed to the multi-brand portfolio approach — and he says an expansion is on the way this year. Currently, Atria operates communities under three brands, and Moore believes the company will reach five […]
