A lot of solid data has come out in recent months from NIC regarding the senior middle-income population that will not be able to afford private-pay senior housing and care options, nor will they qualify for Medicaid. It is concerning because that is such a large percentage of the country’s population. Per the NIC report, the number of middle-income seniors will nearly double to 14.4 million by 2029. It is predicted that over half of them will not have the financial resources for senior housing and healthcare as it is priced today.
There was a great session at the NIC conference in Chicago recently discussing this topic. It is a private sector issue to tackle in regards to developing more affordable housing communities. It is a public sector issue to tackle by developing tax incentives targeted to the middle market and possibly expanding Medicare coverage as well as subsidy programs to... Read More >
The Douglas Company, an award-winning Toledo, Ohio based general contractor specializing in senior living, multi-family and mixed-use construction projects, is pleased to announce that construction has begun on HarborChase of Stuart, a 127,798 square-foot assisted living and memory care community in Stuart, Florida.
Co-developed and owned by Denver-based Confluent Senior Living, co-developed and operated by Florida-based Harbor Retirement Associates and designed by Baker Barrios Architects, Inc.; HarborChase of Stuart will provide a mix of 134 assisted living and memory care apartments in the two-story facility. The luxury senior living community will feature amenities including a full-service commercial kitchen, multiple dining areas, a salon, massage room, wellness room, three interior courtyards complete with multiple fountains, a shade sail, a putting green, resident planting beds, a fire pit, and high-end interior finishes. Construction is scheduled to be completed in the fall of 2020.
“Our project team is excited to be building this phenomenal development. ... Read More >
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The Douglas Company, an award-winning Toledo, Ohio based general contractor specializing in multi-family, senior living, and mixed-use construction projects, announces the completion of a new senior living community in Sylvania, Ohio.
Charter Senior Living at Oak Openings is a 48,882 square-foot community, developed by EBS Sylvania, LLC, delivers a combination of 52 assisted living and memory care suites for residents. The $8.6 million project was designed by M+A Architects and brings a new and modern standard in senior living to Sylvania and Toledo area residents. The one-story, contemporary community features first-class amenities, including full-service kitchen, billiards room, bistro, fitness room, salon, spa room, living rooms, activity areas, as well as, exterior courtyards and patios.
"Our team is excited to be part of the project team of this new senior living community that will provide a new option in assisted living and memory care to the residents in our hometown," stated Alex Koch,... Read More >
As the baby boomer generation begins turning 70, senior living providers will have tremendous opportunities. At the same time, they will face the challenge of reinventing their business and providing innovative solutions to meet the needs and demands of this new generation.
Today’s seniors are looking for options that deliver the comforts and amenities of home. This trend is changing the design and construction of senior living communities. Designers are incorporating more residential design elements and finishes into new buildings, resulting in vibrant and comfortable spaces that are very inviting for residents. The buildings being designed and constructed today are not your father’s senior living facility.
By involving a general contractor very early in the planning process, working collaboratively with the design team, an owner can understand costs, lead times and constructability of various design components, and have the ability to make timely decisions. The general contractor can also provide potential alternative options... Read More >
We have been a developer’s contractor since we opened over 40 years ago. As everyone knows, our economy goes through cycles, positive and negative. And the development economy has significantly greater swings than the general business economy. 2008-2010 had dramatic negative swings, but we have been on an upswing now for almost 10 years. When the economy trends down, construction costs decrease, as do interest rates. But more importantly, the rank of developers thins. Those with limited experience and capital can’t get deals done so exit the market, while the strong take advantage of lower prices and interest rates, but also a distressed inventory, and get stronger.
The uptick in the economy creates the opportunity to be active for these people, but also the perception of opportunity for new entrants to the market. Some are well capitalized, but with limited experience and expertise, and they can get deals done with the... Read More >
The Douglas Company, an award-winning Toledo, Ohio based general contractor specializing in senior living, multi-family and mixed-use construction projects celebrates the completion of construction with owners Confluent Development and Harbor Retirement Associates at the grand opening of HarborChase of Beavercreek Senior Living Community in Beavercreek, Ohio.
This $21.5 million community, designed by Eppstein Uhen Architects, brings a new modern standard in senior housing to the Dayton area residents. The 123,000 square-foot luxury retirement community consists of 64 assisted living and 46 memory care apartments in a mix of studio, one- and two-bedroom options. The two-story contemporary community features first-class amenities including a bistro, bar, large dining rooms, multiple serving kitchens, multiple activity areas, salon and pedicure, wellness center, two enclosed courtyards, putting green, outdoor fireplace and seating area, exterior fountains, and several private balconies.
"We are enthusiastic in announcing the completion of construction on this beautiful luxury senior living community that provides... Read More >
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The Douglas Company, General Contractor, announces the completion of Symphony at the Waterways, a $21 million luxury assisted living and memory care community located on 1.3 acres of land on the Intracoastal Waterway at 3001 East Oakland Park Boulevard in Ft. Lauderdale, Florida.
The 105,000 square-foot assisted living and memory care community features 84 assisted living apartments and 20 memory care apartments. Symphony at the Waterways features beautiful common areas that offer residents vast outdoor lounge areas, rooftop patios, and a courtyard/pier. Assisted living residents and memory care residents will also benefit from a secure memory care terrace. Amenities also include an elegant dining room, a bistro for cocktail dining, library, fitness center, an 8th-floor sky dining lounge allowing for stunning views of the surrounding water, a salon and spa and a surround-sound theater with raised auditorium seating and a 90" screen.
Developed by CCH-GD Fort Lauderdale Realty, this state-of-the-art, eight-story luxurious... Read More >
The Douglas Company, General Contractor, celebrates the start of construction on its seventh project with owner Kaplan Development Group. The $13.3 million All American of Kingston will be a 58,000 square-foot, assisted living and memory care community located in Kingston, New Hampshire.
"We are excited to be building this great senior living development that features senior assisted living and memory care. Having built multiple All American communities, we understand how the client's vision embodies a true senior living campus," said Landon Kessler, Project Manager of The Douglas Company.
The 58 unit assisted living and memory care community was designed by EGA Architects and boasts spacious studios and two-bedroom companion suites for residents, as well as, a gorgeous state-of-the-art memory care wing specifically dedicated to caring and providing a secure home-like environment for residents with Alzheimer's and memory disorders. Community amenities will include a double-sided fireplace, salon, beauty parlor, bistro, media room, interior... Read More >
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The Douglas Company, General Contractor, has completed construction of the new Stonecrest of Rochester Hills Senior Living Community in Rochester Hills, Michigan. Stonecrest of Rochester Hills marks The Douglas Company's second senior living project completion with owner and developer, NorthPoint Development. "Stonecrest of Rochester Hills is a beautiful complement to the area, and we are proud to have been part of this project team," said Preston Knecht, Project Coordinator of The Douglas Company.
The upscale 78,342 square foot assisted living and memory care community, is comprised of 87 private apartments; including a single-story, 32-unit memory care building in addition to a two-story assisted living building offering a total of 55 assisted living one and two bedroom suites.
This $15 million upscale, elegant community features a variety of amenities for seniors; including an arts and crafts room, beauty salon, movie theater, cyber cafe, and exercise room. The exterior layout consists of an outdoor... Read More >
Lately, as I talk with our senior living clients, many of them seem to be thinking about the same challenge. Similarly, that same challenge seems to be the topic of seminars at recent industry conferences, as well as the subject of several articles published in many of the trade magazines. How do we provide senior living solutions to the middle market?
For much of the past thirty-five-plus years, development and growth of the senior living industry have been off the charts. Everyone understands that as the baby boomers age, we will be hard-pressed to meet the demand, however currently there continues to be concern and discussion that the market is becoming overbuilt. But upon further study, one will quickly discover that most of the growth and development has been either on the high-end or on the affordable/subsidized end of the market. Very little new development has been targeted at the middle... Read More >
The Douglas Company, General Contractor, announces construction on Charter Senior Living at Oak Openings, a new senior living community in Sylvania, Ohio. The 48,882-square-foot facility, developed by EBS Sylvania, LLC, will deliver a combination of 52 assisted-living and memory-care suites for residents.
With the anticipated completion in November 2018, the $8.6 million project was designed by M+A Architects to bring a new, modern standard in senior living to Toledo area residents. The one-story, contemporary community will feature first-class amenities, including full-service kitchen, billiards room, bistro, fitness room, salon, spa room, living rooms, activity areas, as well as, exterior courtyards and patios
"We are proud to be part of the project team that will contribute in meeting the needs of the local Toledo area seniors with this new senior living community," stated Zach Kiser, Project Manager with The Douglas Company.
The Douglas Company
The Douglas Company is an industry-leading general contractor specializing in senior living... Read More >
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The Douglas Company, General Contractor, kicked off construction of the Beach House at Wiregrass Ranch. The $14.65 million assisted living and memory care community, owned by developer Prevarian Senior Living will be the first of its kind in Wesley Chapel, Florida.
The Beach House at Wiregrass Ranch will be a 93,360 square foot community for seniors who need assistance with daily living activities, and will also provide specialized memory care services for residents with Alzheimer's and dementia. The community is expected to accommodate 100 area seniors with private residences; including 67 one and two bedroom configurations for assisted living, and 33 suites for memory care residences.
Designed by Architectural Concepts, Inc., residents will enjoy a host of amenities at the Beach House. Amenities will include a restaurant-style dining room, a private dining area for residents and their family, a bar & lounge, activity and sitting rooms, wellness center with an exam room,... Read More >
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