PAWLEYS ISLAND, S.C. — SunTrust Bank has provided $11.3 million in construction financing to Ridge Care Senior Living. The capital will be used to build Arbor Landing at Pawleys, an assisted living and memory care community in the coastal town of Pawleys Island.
Development
With construction costs rising and the supply of talented staff diminishing, doing business has never been more expensive for seniors housing developers. As such, both developers and operators are seeking new ways to save money. Increasingly, these groups are considering the role design plays in their projects, with a particular emphasis on identifying design concepts and elements that save on the bottom line without compromising the property’s sense of livability.
The Congress Cos. to Break Ground on $60M White Plains Institute for Rehabilitation & Healthcare
by Jeff Shaw
WHITE PLAINS, N.Y. — White Plains Healthcare Properties I LLC has selected The Congress Companies as developer and the joint venture Congress/Consigli JV as the construction manager for the 110,000-square-foot White Plains Institute for Rehabilitation & Healthcare.