Senior Housing Construction on the Rise says Construction Reporter
Industry: Real Estate
Baby Boomers expected to contribute to further rise in coming years. Currently national figures show 22,100 senior housing facilities with 2.9 million units.
Albuquerque, NM (PRUnderground) February 24th, 2015
Across the U.S. construction of senior housing is on the rise, providing new construction jobs. This includes assisted living and independent living facilities, with assisted living demands greater. The Baby Boomers are expected in coming years to increase these numbers even more.
Albuquerque is no exception, with a new three-story, 180,000 square foot, 130 unit “Coronado Villa” senior living facility planned near the intersection of I-25 and San Antonio Dr. NE. Another Albuquerque project is the two-story, $10 million Morning Star Senior Living asssisted living facility on Paseo Del Norte Bouleard, just east of Wyoming.
The trend is not just local.
“In fact, it is going on all around the country,” says Chris McGraw, a senior research analyst with the National Investment Center for the Seniors Housing & Care Industry, otherwise known as NIC, in Annapolis, Maryland.
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Founded in 1949 to provide New Mexico contractors with local project information, Construction Reporter has grown steadily in size and coverage area, today serving the commercial construction industry throughout the Southwest. Our mission is to help our customers succeed by delivering reliable, comprehensive, up-to-the-minute information on projects in planning and out for bid in New Mexico and the surrounding states. We are passionate about helping our member companies grow by delivering the most bidding opportunities, the most efficient bidding tools, and the most industry exposure of any news service in the region.
