Senior Housing News November 22, 2020
The coronavirus pandemic is having an unfavorable impact on senior housing development, with developers and operators across the country postponing projects until the pandemic is under control. And they are using this time to revise plans in the hopes of creating more appealing and resilient communities.
That’s one finding from a survey by Senior Housing News and architecture and design firm LWDA.
SHN and Concord, Massachusetts-based LWDA conducted an online survey of operators and developers in October, and received 185 reponses. The survey revealed that 65% of respondents reported postponing projects as a result of the pandemic, and 40% canceled projects altogether. Overall, 70% of respondents with development pipelines reported having projects postponed due to Covid-19.
Those who canceled or...
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