Edgewood Summit’s Arthur B. Hodges Center is featured as a part of the architectural design showcase series: Environments for Aging Spring 2015. This publication highlights design teams who are setting the bar for top trends and innovations in senior living design. Click here and flip to page 84 to read more.
LeadingAge CEO, Larry Minnix, will join over 170 senior living industry leaders at the annual Greystone Event in Irving, Texas next month. He is scheduled to address the crowd and share his perspective on hot senior living issues and the future of LeadingAge. Mr. Minnix has 30+ years of experience in aging services and announced earlier this year his plan to retire at the close of 2015.
During a decade and a half guiding LeadingAge, Minnix burnished his reputation as a soft-spoken but powerful voice on aging-related issues. He helped reinvigorate and unify a diverse 6,000-member organization, while also championing upgrades for resident services, technology and applied research. We look forward to the insight he will bring to our conference July 8-10.
Phase I of The Terraces of Boise is scheduled to open on July 27 in Boise, Idaho. This phase will open 80 independent living apartment homes and cottages as well as the independent living common areas. Phase II-A is planned to open this fall and Phase II-B is scheduled to open its doors in the first quarter of 2016. The community hosted a “Sneak Peek” Tour this week that was attended by 176 depositors who were able to view the commons and independent living apartments. Greystone is serving as development consultant at The Terraces. See below for recent community photos.
Art is Ageless, Greystone’s inaugural resident art competition, will be featured at The Event next month. All Greystone-affiliated CCRCs were encouraged to participate in this initiative designed to promote healthy aging, spark creativity and highlight the cognitive abilities of our residents through the levels of care and show that no matter their age seniors can still create beautiful pieces of art. The competition was open to residents of independent living, skilled nursing, assisted living and memory support. Over 80 entries from more than 8 communities were received.
“The variety and level of skill represented by the entries we received is remarkable!” Sue Plasterr, Corporate Vice President – Greystone Management, stated. “The panel of judges certainly had their work cut out for them.”
A panel of senior living experts, artists, designers and art professors carefully reviewed each entry based on artist’s technique, subject matter and overall composition to choose finalists. Six pieces, 3 from independent living and 3 from healthcare, were ultimately selected and will be displayed at The Greystone Event in Irving, Texas July 8-10. First, second and third places will be awarded in each category and one overall winner will also be recognized.
Scroll below to view the winning entries.
By Burt Derr, First Vice President, Development Services
As the old adage goes “Real Estate is a great investment, because they’re not making any more of it.” Truer words have never been spoken.
In these days of extreme activity in construction and development, it can be easy to lose sight of a few of the core principles of sound development. A lot of today’s campus work is focused on expanding new revenue-producing units and associated services, as well as repositioning existing assets to improve operations and service delivery, and recalibrating unit mixes by service levels or within service levels.
One of the easiest routes to expanding, of course, is to overtake that large, undeveloped parcel on your campus. You could also secure adjacent property, if available. With each exciting path to new construction, however, come very serious, long-term considerations.
It’s very critical, before initiating a new development project, to pause and reflect on your long-term strategy. You should have a well thought-out roadmap, or at the very least, a business plan that takes you from your current situation into the next several years of evolution of your campus.
With a plan, you can be far more confident in your short- and long-term moves. With any plan you create, you will want to maximize the density of your new construction. This means building as small a footprint, with as many allowable stories, to which you are entitled by local zoning and development codes. You will have to ask many questions of your project. What can I afford? What other expansion needs should I incorporate at this time? What will my next step, then the next, be?
As easy and tempting as it may be, plan your new addition in such a way that allows you a zone for future growth. Perhaps you know exactly what that expansion might be, or perhaps it will be dictated by your future market. In either case, leaving a ‘future build zone’ on your campus will serve you well.
You should also give thought to where you will best be served in conserving expansion property on your site. While this might be more of a dice-rolling proposition, there are questions you can consider. What will my next two or three moves look like? What will my next best revenue enhancement be? What services will I need to stay atop my market?
Flexibility will always be your key driver in this instance. For example, you may have to decide whether to build adjacent to your IL cottages, or next to your health center. Your obvious first consideration is who you will be serving. In addition, which of your various business centers will you want to grow next – cottages, IL apartments, memory support or another health center related business? Finally, with the placement of your expansion, have you given yourself the widest range of options to further expand your future services?
Driving density in your planning is always a positive step. Now, get out there and grow your business!