In the Pipeline is brought to you by the Senior Housing News Architecture & Design Awards. Sign up for the SHN Architecture & Design Newsletter from SHN for updates on architecture and design trends, the annual SHN Awards Competition. Construction: Planned Quality Senior Living, Blake Announce Florida Project Quality Senior Living’s management, through newly formed […]
Senior housing construction costs have surged between 6% and 8% over the last year for various types of projects, driven by labor market dynamics and new tariffs on materials such as steel and aluminum. For a mid-level assisted living project, Winter 2019 costs are generally ranging between $180 and $233 per gross square foot, according […]
Senior living construction costs remain on the rise, due in part to an ongoing labor crunch and the rising price of building materials. Currently, mid-level assisted living projects range from $176 to $228 per gross square foot, while mid-level independent living projects range from $147 to $185 per gross square foot, according to a recent […]
OnShift’s Peter Corless Begins Second Term on AHCA Governing Board Peter Corless, executive vice president of enterprise development at OnShift, has been re-elected as the associate business member (ABM) president for the American Health Care Association (AHCA). OnShift is a Cleveland-based software development firm that specializes in the post-acute care and senior living industries. Corless […]
Senior housing construction costs are nearing pre-recession levels and will likely continue to rise, despite the labor challenges also impacting the industry. That’s according to two new issue briefs published by the American Seniors Housing Association (ASHA) and Iowa-based national construction firm The Weitz Company. The tight labor market is becoming a major issue for […]
Ziegler Closes $110.96 Million in Financing for Epworth Living at The Ranch Chicago-based speciality investment bank Ziegler announced the closing of the $110.96 million, unrated, tax-exempt, fixed-rate Series 2016 Bond issue for Epworth Living at The Ranch, a nonprofit continuing care retirement community (CCRC) in Stillwater, Oklahoma. The Ranch will have 23 independent living villas, […]
Construction and renovation projects remain popular plays for senior living providers in the year ahead, but their interest in such forays has slightly decreased, according to recently released findings from investment banking and financial advisory firm Lancaster Pollard. The survey, distributed in December, includes responses from 295 senior living providers. About 70% of respondents said […]
A shortage of skilled workers has driven labor costs for senior living construction projects upward, causing some contractors to even turn down work or be more picky in the projects they choose. While the labor issue continues, material prices remained relatively stagnant in January after registering as costlier in August, according to a report released Wednesday. […]
(Dining room at Kalākaua Gardens in Honolulu) Construction: Planned Pinkard Construction to Build Colo. Assisted Living, Memory Care Expansion Construction manager and general contractor Pinkard Construction Company was recently awarded the construction of Sunny Vista Living Center’s new assisted living and memory care expansion in Colorado Springs, Colo. The new, $10.5 million building, designed by Lantz-Boggio Architects, […]
Construction: Planned Chamberlain Senior Care Buys Land for $15 Million Senior Housing Campus Cincinnati-based Chamberlain Senior Care, LLC, recently announced that it has acquired a 14.8-acre property in eastern Jefferson County in Louisville, Ky.—a site that will be home to what the company promises to be a “cruise ship on land.” The Jefferson County Board […]
