New Projects, Data Show How Covid is Reshaping Senior Living Adaptive Reuse Market

By: Chuck Sudo | Senior Housing News

Senior living owners, developers, and operators have found success in recent years repurposing a variety of seemingly obsolete buildings into senior housing, from schools to shopping malls to traditional apartments.

Now, adaptive reuse is gaining even more momentum as a senior living development route. Developers are seeking out adaptive reuse opportunities as construction materials and labor costs continue to climb, and global supply chains remain disrupted by Covid-19. The right building can be cheaper to renovate into senior housing, compared to developing a new community, and can be brought to market sooner.

Furthermore, office and hotel performance continues to lag due to pandemic-related pressures, which may result in future opportunities to build senior housing that meets growing demand.

St. Joseph’s Health Opens New Totowa Health Campus

July 27, 2022 No Comments

By: NJBIZ Editorial Team

St. Joseph’s Health has opened the St. Joseph’s Health Totowa Health Campus, a state-of-the-art outpatient facility that follows the multi-specialty care model by providing access to primary, urgent and specialty care services under one roof.

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Luxury Townhouse Building In Bloomfield Opens For Sales

July 12, 2022 No Comments

By: Eric Kiefer | Bloomfield Patch

BLOOMFIELD, NJ — A luxury townhouse building in Bloomfield has officially opened its sales office to potential residents.

CHA Partners recently announced that it has opened the sales office for the new Royal Townhomes: 14 two-story townhome units that are available for purchase. As of Monday, asking prices for the units ranged from $599,000 to $659,000.

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Adaptive Reuse Projects Present Equal Measures of Challenges, Opportunities

June 29, 2022 No Comments

By: Taylor Williams | Northeast Real Estate Business

Adaptive reuse projects have continued to garner the attention of the commercial real estate community, especially in light of the lasting impact of the COVID-19 pandemic.

While office and retail conversion projects have remained popular in numerous markets over the last several years, in certain parts of the country, projects involving the adaptive reuse of hospitals and healthcare facilities have also played a major role in bringing new life back to communities.

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CHA Partners opens sales office for Royal Townhomes in Bloomfield

June 29, 2022 No Comments

By: Linda Linder | ROI-NJ

CHA Partners has opened its sales office for the new Royal Townhomes in Bloomfield, according to a Friday announcement.

The Royal Townhomes pay tribute to the historic Stern’s Royal Theater in both design and name. The 14 two-story units will be available in five distinct layout options and are located in the heart of Bloomfield’s downtown.

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