Senior Living Developers Face ‘Awful’ 2023 Outlook, Focus on Long-Term Value Creation

At our annual BUILD event last week, The Springs Living CEO Fee Stubblefield quipped: “You guys may want to consider changing your name to HOLD instead of BUILD, with what’s going on in financial markets.” Fee’s comment captured one message that came through strongly at the event, which is focused on senior living development and […]

Best Independent Living Design of 2021: LCS Community Expansion Adds Hospitality Flair

Since its opening in 2010, LCS’ Sagewood life plan community has focused on offering resort-style senior living in Phoenix, Arizona. A recent second-phase expansion project has deepened that focus. The expansion — part of the community’s second construction phase — added a 101-unit independent living building, an underground parking garage and amenities such as activity […]

The Cost of Covid: Design Changes, Market Disruptions Pressure Senior Living Development Projects

Covid-19 is having a lasting impact on the present and future of senior housing design, and the costs associated with development. The pandemic is accelerating trends that were already in progress such as well-programmed outdoor spaces, more multipurpose rooms, and larger residential apartments. And it is forcing new tweaks to designs including well-appointed staff break […]

Commodity Price Swings, Labor Shortages Push Senior Living Construction Costs Higher

The cost of senior living construction is still relatively high thanks to significant swings in the price of certain commodities and a tight construction labor market. That’s according to the latest Senior Living Construction Costs report from construction firm The Weitz Company. The report, released Tuesday and assembled by Weitz Co. Senior Vice President Larry […]

Senior Living Development, Construction Show Signs of Life — But High Costs Stymie Projects

Once awash in a torrent of development activity, the senior living industry saw construction starts plummet last year. Now, there are signs that activity is resuming, but high material prices and other factors are complicating the outlook on how quickly senior housing development activity will ramp back up. In the first quarter of 2021, independent […]

Covid-19 Bulletin: Rent Concessions, Agency Staffing Become More Common; Updated Heroes Act Does Not Fund ‘Hero Pay’

Senior Housing News recognizes the seriousness of the Covid-19 pandemic, so we will be periodically updating this bulletin to keep you apprised of developments, focusing on news and information that we identify as especially pertinent to senior living. The team at SHN knows how important your work is right now; we thank you and your […]

In the Pipeline: Heartis Project in Atlanta ‘Bottoms Out’; New Perspective Opens Community

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: In progress Integral Breaks Ground on Nevada Community Integral Senior Living (ISL) is slated to manage a senior living community under […]

Movers & Shakers: Management Team for Leisure Care High-Rise; New Asbury Foundation CEO

Movers & Shakers is brought to you by the Senior Housing News Job Board. Browse and apply to management and executive senior living jobs and positions from leading professional firms serving the industry. Employers can post single jobs, purchase job packages or our premium subscription that includes unlimited job posts and editorial coverage for one […]

Memory Care Pioneer Beatitudes Launches $260 Million Redevelopment

Beatitudes Campus, well known for its Comfort Matters memory care approach, has embarked on a $260 million, eight-year repositioning to transform and expand its presence in Phoenix. “We created a plan that will touch virtually all of our 27-acre campus,” Beatitudes President and CEO Michelle Just told Senior Housing News. Beatitudes first opened in 1965, […]