Kansas nonprofit latest to test Colorado Springs senior housing market
"We have looked at sites in
Presbyterian Manors has opened a marketing office near the site to build awareness about the project and is working with a
While Presbyterian Manors will enter a crowded market, it will open about three years after the bulk of most of its newest competitors opened. Shogren said the nonprofit also offers a different financial model than most other senior housing operators -- what it calls a Unique Health Care Benefit that offers discounted assisted living and memory care and a partially refundable entrance fee based on how much assisted living, memory or nursing care residents require.
Shogren isn't worried about the recent construction boom in senior housing. Few of the projects are on the west side of
"We have updated the previous owner's market study and still believe there is a market there. We are a long way from construction and will have to see if there (actually) is a market for another senior living community," Shogren said. "A lot of the providers (in
Presbyterian Manors started 70 years ago as a mission of the
Just one other senior housing complex is planned for development in the Springs.
All of the construction hasn't hurt either the occupancy rate or rents local senior housing complexes are getting, according to the latest data from the
Recently completed senior housing projects include:
--
-- The
-- Melody Living, a 79-unit assisted living and memory care complex at
-- Springs
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-- Retreat at Sunny Vista, a 70-unit assisted living and memory care center that is part of the Sunny Vista complex, opened in
-- Assisted Living at the Springs, a 30-unit assisted living center, opened in
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