Congress Building Corp. Builds In Fairfield County
Congress Building Corp. has been named construction manager at Formation Development Group and Atria Senior Living’s latest senior living project in Ridgefield, Connecticut. The project commenced in November 2017, with Congress guiding the project through the pre-construction and construction phases. The company will also coordinate the subcontractor and supplier pricing, as well as the procurement process. Being developed in the high-income, highly desirable Fairfield County, where average rents can often surpass $10,000 per month for memory care services, the 86-unit community will be Atria Senior Living’s fourth in the county, with locations already in Darien, Stamford and Stratford. It... Read More »
Private Evening in NYC
Members of the American Seniors Housing Association and subscribers to The SeniorCare Investor gathered in New York City on the night of the Rockefeller Center tree lighting in an intimate setting at The Penn Club to hear what Rick Atlas (Atria Senior Living), David Reis (Senior Care Development) and Scott Stewart (Capitol Senior Housing) had to say about investing in seniors housing today. While all three were very bullish on the future of the seniors housing business and long-term investment values, there were certainly differences of opinion as to where they see strength. For example, David Reis stated that not only is the CCRC model alive and well, but several of his CCRCs are... Read More »
Atria Senior Living Heads To High-Income Fairfield County, Again
Hoping that success will breed more success, Atria Senior Living just broke ground on an 86-unit assisted living/memory care community in Ridgefield, Connecticut, which will be its fourth in the high-income, highly desirable Fairfield County. Average rents are especially high in the county (often surpassing $10,000 per month for memory care services), and already with locations in Darien, Stamford and Stratford, Atria has successfully established its brand there. Now, to Ridgefield, where Atria and its development partner Formation Development Group broke ground on an 86-unit assisted living/memory care community. Located on a four-acre site that was purchased for $3.2 million, the... Read More »Capitol Seniors Housing Announces Two More Senior Living Projects
Capitol Seniors Housing’s development pipeline is growing fast, as luxury senior living communities continue to go up and down the Acela Corridor, and Chicagoland too. The firm has announced its two latest projects in Andover, Massachusetts and Glenview, Illinois, both scheduled to open in the fourth quarter of 2018. The Andover community will feature 96 units, at a cost of $36.5 million, or $380,200 per unit. The Northbridge Companies will take over management. And in Glenview, CSH is building an 83-unit assisted living community for $28.4 million, or $342,200 per unit, which will be managed by Atria Senior Living. The community will complement CSH’s 95-unit community in nearby... Read More »Schedule a demo
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