Mid-Market Musing

I learned early in my career how little I know.  Though we have built more senior living than anyone I know and have been exposed to very successful senior living developers and operators, they all operate differently.  Someone recently said to me, “An expert is someone who knows more and more about less and less until eventually, he knows everything about nothing.” But I don’t think that is the case in my situation.  It’s just that there are a lot of ways to be successful if you know what your Hedgehog Concept is, as Jim Collins would say.

Mid-market became a newer thing a couple of years ago.  They often say what is old is new, and this might be one of those situations.  We, in conjunction with a number of clients, are working on several mid-market concepts.  They hearken back to the eighties when this industry was starting, and people’s...

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The Douglas Company celebrates the completion of construction on All American at Kingston

The Douglas Company, General Contractor, celebrates the completion of construction on its seventh project with owner, Kaplan Development Group, LLC. The $13.4 million, All American at Kingston, is a 58,000 square-foot, 112 bed assisted living and memory care community located in Kingston, New Hampshire.

All American at Kingston was designed by EGA Architects and boasts several in-house amenities including a full-service kitchen, country kitchen, salon, bistro, media room, parlor, library, arts & crafts room, and an interior courtyard. The building is metal-framed and constructed on a slab on grade over a standard spread footer/stem wall.  The exterior is finished with two types of Hardie siding including lap boards and “cedar” shakes, with a mix of EPDM and asphalt shingle roofing. 

“The Douglas Company team displayed a high level of professionalism, experience, and dedication, along with a commitment to quality throughout construction. They cultivate a teamwork environment working with our project team to...

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The Forgotten Middle

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...

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Construction has begun on HarborChase of Stuart

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. ...

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The Douglas Company Announces The Completion Of A New Senior Living Community In Sylvania, Ohio

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,...

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Not Your Father’s Senior Living Community

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...

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Economic Cycles in the Development Business

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...

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The Douglas Company Celebrates the Completion of Construction with Owners Confluent Development and Harbor Retirement Associates

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...

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$21 Million Luxury Assisted Living and Memory Care Community in Fort Lauderdale, Florida

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...

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Construction Begins on Seventh Project with Owner Kaplan Development Group

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...

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The Douglas Company Announces Completion of Stonecrest of Rochester Hills Senior Living Community

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...

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Senior Living for the Middle Market

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...

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