The development, which is part of the Sienna Hills master-planned community, will span two separate buildings and include 300 units of independent living, assisted living and memory care. The plans also call for multiple dining options, concierge services and other upscale amenities, according to Senior Housing News.
Workers are scheduled to break ground on the development this fall, with an expected completion date in late 2019. Avamere said it will open similar developments that cost between $75 million and $100 million in more western cities at a rate of up to one per quarter in the coming years.
Avamere currently owns, leases or manages 50 assets, and is on track to hit 60 by June 1.
CCRC sans skilled
For Avamere—which has made a name for itself in recent years as a prominent skilled nursing provider in the Northwest—the omission of a skilled wing might stand out as unusual. But it’s all part of a plan to shake up the traditional CCRC model, especially as baby boomers start moving into senior housing en masse, according to Ryan Haller, vice president of growth and development with Avamere.
“We’re entering into a paradigm shift [where] this static concept of a CCRC will be looked at very differently,” Haller told Senior Housing News. “We sat down in a boardroom and said, we like this CCRC concept, but how do we change it for the next generation coming through?”
Many in the senior living industry would argue that a CCRC without a skilled component is no CCRC at all. But Haller, who is careful to point out that Avamere is still “bullish” on the care setting long-term, sees it differently. CCRCs are defined not only by their full range of care options, but also by their location, number of units, amenities and services, he said.
Read the full story at Senior Housing News.