Eight residents of Franklin nursing home hospitalized after positive COVID-19 tests
Officials at Otterbein Franklin SeniorLife Community say a nurse and therapist also tested positive and are recovering at home.
Retirement communities
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Purdue senior development will bring older alums back to campus
The university, which has 575,000 living alumni, plans to break ground later this year on Varcity at Purdue, a 230,000-square-foot community at the school’s Discovery Park District.
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BHI Senior Living on growth tear, even as some of its rivals sputter
The retirement community operator had revenue of $51.4 million last year, up 4% from 2017, according to its Form 990 tax return.
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Articles
Residents of Carmel senior community owed $52M in development’s bankruptcy
Mayflower Communities of Dallas, owner of 271-unit Barrington complex, has filed for bankruptcy after missing three bond payments and falling into default.
Senior-living developer planning $45M expansion in Zionsville
Indianapolis-based BHI Senior Living is opening part of its 300-acre Hoosier Village campus for 150 deluxe duplex units to be pitched to baby boomers.
Trees cleared from senior-living site without proper permits
Developers that stripped a high-profile parcel on the north side of its trees months ago to prepare the site for a $13 million senior living center did so without receiving proper permitting.
Rezoning for $17M north-side senior facility moves forward
The Metropolitan Development Commission voted 6-2 in favor of Stonecrest Senior Living’s request to rezone 4.8 acres of wooded wetlands at the southeast corner of 86th and North Meridian streets.
Kentucky firm proposes $5M senior living facility in Fishers
The community would take shape on 9 acres near the southwest corner of Allisonville Road and 146th Street.
Lender grants $10 million to affordable-housing projects
The Federal Home Loan Bank of Indianapolis, commonly known as a private-sector bank for banks, announced July 17 that it awarded $10 million in affordable-housing grants in Indiana and Michigan, including two $500,000 grants for projects in Indianapolis.
Excise police warn retirement home about social-hour alcohol
Indiana excise police told Meadowood Retirement Community that it could no longer serve its residents alcohol without a state liquor license from the Indiana Alcohol and Tobacco Commission.
Carmel developer sinks $66M into four senior communities
Leo Brown Group opened two facilities in Indianapolis and Avon in June, and has started construction on two similar projects in Ohio and Kentucky.
Remodelings might await boomers wanting to stay in their homes
Many homes will be difficult for aging boomers to navigate without changing doors, bathrooms, hallways and kitchens.
Developer plans $80M project in Carmel
Apartment specialist Edward Rose Properties Inc. is proposing an $80 million mixed-use project on mostly undeveloped land in Carmel’s Old Meridian District.
Senior housing slated for old Lawrence school building
The Whitsett Group plans to invest $6.5 million to convert the building on East 46th Street into 60 senior housing units. The Lawrence Township school district put the structure on the block, and Whitsett submitted the winning bid.
Carmel senior-living project to create 340 jobs
Carmel Mayor Jim Brainard on Tuesday unveiled details of a multimillion-dollar project expected to create more than 200 construction jobs and 140 permanent positions over the next two years.
Zionsville retirement village plans $32 million expansion
Hoosier Village Retirement Center in Zionsville announced plans Monday morning for a $32 million project that will expand its campus and allow the center to add 50 full-time workers.
Local senior living manager makes $60.5M acquisition
Indianapolis-based Keystone Senior Living LLC has acquired a portfolio of 28 communities in Minnesota and Wisconsin, more than doubling the units it has under management.
Fishers becomes draw for seniors projects
One skilled-care facility is about to open and another will break ground this month.
Local investors make big bet on senior housing
With the first baby boomers set to turn 65 in six months, investments in senior housing are heating up. A group of Indianapolis-area
professionals—including Mark Waterfill (left) and Tony Schantz—have banded together to launch three senior housing
projects around the state, spending $49 million and looking
to do more.