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Development

DevelopmentIndustry Voices

The Benefits of Borrowing from Other Sectors

by Jeff Shaw

How can senior living design benefit from ideas that stem from unlikely markets? By Shannon Remaley The next time you enter a senior living community, take a close look around. You may notice some design features that feel oddly familiar. For example, you might see a reception area akin to a concierge desk, luxury furnishings and materials adorning common areas, or ample amounts of natural light and diverse meeting areas of varying sizes.  Today’s best senior living communities borrow best practices from various markets, including high-end hotels and innovative office …

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Active AdultDevelopmentIndustry Voices

The SHB Interview: Michael Hartman, Capitol Seniors Housing

by Jeff Shaw

Real estate investor carves out a niche in the active adult sector. By Jeff Shaw Michael Hartman believes in active adult housing. The demographics are just too good. The demand is so much greater than the supply. It’s just a matter of giving the people what they want, he says. “I’m known in my company as the guy who will die on that hill.” In 2003, Hartman co-founded seniors housing investment firm Capitol Seniors Housing (CSH), which has built or acquired 116 private-pay seniors housing communities in the 20 years …

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DevelopmentFinanceIndustry VoicesInvestment

Question of the Month: Inflation

by Jeff Shaw

How is persistently high inflation impacting investment and development activity in the seniors housing space? An economic double whammy By Chris Blanda Senior Managing Director  VIUM Capital This a well phrased question because both inflation and, in turn, high interest rates have doubled down to restrict development activity.  It’s been a compounding effect that has moved several major levers to the economic viability of development projects in the wrong direction. Inflation has pushed development budgets and operating cost budgets up, while high interest rates have pushed construction leverage points down, …

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Affordable HousingDevelopmentMinnesotaNews

Volunteers of America Completes 80-Unit Nolte River Place Affordable Community in Anoka, Minnesota

by Jeff Shaw

ANOKA, Minn. — Volunteers of America National Services has opened Nolte River Place, an affordable seniors housing development in Anoka, a suburb north of Minneapolis. The 80-unit community provides one- and two-bedroom units, eight units for formerly unhoused veterans and 10 designated units for Project Rental Assistance Contracts (PRAC) vouchers.  Nolte River Place is near the Rum River Trail, Northstar Line commuter rail and downtown Anoka.

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Active AdultDevelopmentMassachusettsNews

United Group Breaks Ground on 123-Unit The Arbella at Bramble Hill in Worcester, Massachusetts

by Jeff Shaw

WORCESTER, Mass. — The United Group of Companies has broken ground on The Arbella at Bramble Hill, a 123-unit active adult community in Worcester. “The housing is needed,” says Worcester Mayor Josephy Petty. “It’s one of the big priorities of the state. And all types of housing are needed.” The Arbella at Bramble Hill, which will span 17 acres, will be one of the city’s only active adult communities upon completion. The community will feature one- and two-bedroom apartment units spread across three elevator-serviced buildings. There will also be an …

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DevelopmentIndependent LivingMarylandMemory CareNews

Lutheran Social Ministries Breaks Ground on Phase II Expansion of Lutheran Village at Miller’s Grant in Ellicott City, Maryland

by Jeff Shaw

ELLICOTT CITY, Md. — Lutheran Social Ministries of Maryland has broken ground on Phase II of its expansion at Lutheran Village at Miller’s Grant. The seniors housing property is located in Ellicott City, a suburb west of Baltimore.  The project will add a new performing arts center, chapel and independent living apartment building while expanding the healthcare center and assisted living to include a new memory care support neighborhood.  The performing arts center and chapel will serve as a multifunctional, 17,000-square-foot space, a hub for residents and team members to …

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DevelopmentFeaturesMassachusettsNewsTechnology

Communication, Cooperation Are Keys to Successful Occupied Renovation Projects

by Jeff Shaw

There are many ways to renovate an existing seniors housing property, but one of the most complicated may be expanding and renovating a community while it’s still occupied. That was the challenge faced by Volunteers of America (VoA) Massachusetts when it wanted to add a third floor to its Concord Park Senior Living community in Concord, Massachusetts, while also renovating all existing units and common areas and completely replacing the heating and cooling system. Representatives from VoA were joined by several project partners on June 4 for a webinar titled …

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AlabamaDevelopmentNews

SRI Management Opens 135-Unit Seagrass Village of Daphne in Alabama

by Jeff Shaw

DAPHNE, Ala. — SRI Management has opened the doors on Seagrass Village of Daphne, an independent living and assisted living community in the Gulf Coast city of Daphne. The property offers 45 independent living apartments, 45 independent living villas and 45 assisted living apartments across a 184,000-square-foot building. Project partners include Sage Development Group, Arrive Architecture Group, Lori Bates Interiors and EMJ Construction.

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DevelopmentNew JerseyNewsSkilled Nursing

Marquis Health Consulting Services Opens Florham Park Rehabilitation & Healthcare Center in New Jersey

by Jeff Shaw

FLORHAM PARK, N.J. — Marquis Health Consulting Services has opened Florham Park Rehabilitation & Healthcare Center, a skilled nursing facility in Florham Park, approximately 30 miles west of New York City. The 101-bed facility is located on the former Lutheran Ministries healthcare campus. The only skilled nursing center in Florham Park, the three-story, 43,000-square-foot building (formerly The Villa at Florham Park) is undergoing a top-to-bottom, multi-phase renovation and modernization following an ownership change. Phase I focused on the updating and remodeling of patient areas and has been completed. Phase II …

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DevelopmentNewsWashington

Cogir Completes 76-Unit Community in Kirkland, Washington

by Jeff Shaw

KIRKLAND, Wash. — The Cogir Family of Companies has completed work on Cogir of Kirkland, a 76-unit independent living and assisted living community in Kirkland, a suburb east of Seattle. Located in the city’s Lakeview neighborhood, the community offers units ranging from 375 to 475 square feet. Cogir will hold a ribbon cutting on June 20 at the property.

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