Senior living boom: $34 million expansion at Cottage Grove Place nearly done
With the number of older people projected to outnumber younger generations within a couple of decades, officials say they expect the need for their services only to grow.
"We're getting ready for that age," said
The multimillion-dollar project included the construction of a three-story building with an additional 75 units in independent living, assisted living, assisted living memory care and skilled nursing.
The new units include 21 independent living homes, 24 assisted living units, 18 assisted living units specifically focused on memory care and 12 skilled nursing beds for rehabilitation purposes, Kramer said.
That's in addition to the more than 230 existing units at the retirement community. Those include 162 one- and two-bedroom independent living apartments, 19 assisted living apartments and 52 units for skilled nursing with some rooms dedicated to "residents with Alzheimer's or other age-related dementia," according to the community's website.
The expansion project was announced in mid-2016 and officially started with a groundbreaking in
All baby boomers -- or those born between 1946 and 1964 -- will be over the age of 65 by 2030. By that time, the number of older people will outnumber those under the age of 18 for the first time in
None of the services offered at
The skilled nursing facility is not limited to
"The hospitals have a difficult time placing those residents, so we want to be that place where they go to," Taft said.
"That's our goal here, to get them here, get them home and not be rehospitalized," Bradley said. "If you don't have the staff trained to do that, then you're more likely to end up back in the hospital."
The continuing care retirement community offers LifeCare, an investment plan that provides residents unlimited access to the full continuum of on-site services. The plan follows the residents as they age from independent living and into memory care services or rehabilitation and skilled nursing.
___
(c)2019 The Gazette (Cedar Rapids, Iowa)
Visit The Gazette (Cedar Rapids, Iowa) at thegazette.com
Distributed by Tribune Content Agency, LLC.



Casey Armstrong named a top woman in benefit advising
Randy Schultz: Hurricane Dorian, Trump and dangers of climate change ignorance
Advisor News
- The best way to use a tax refund? Create a holistic plan
- CFP Board appoints K. Dane Snowden as CEO
- TIAA unveils ‘policy roadmap’ to boost retirement readiness
- 2026 may bring higher volatility, slower GDP growth, experts say
- Why affluent clients underuse advisor services and how to close the gap
More Advisor NewsAnnuity News
- Sammons Institutional Group® Launches Summit LadderedSM
- Protective Expands Life & Annuity Distribution with Alfa Insurance
- Annuities: A key tool in battling inflation
- Pinnacle Financial Services Launches New Agent Website, Elevating the Digital Experience for Independent Agents Nationwide
- Insurer Offers First Fixed Indexed Annuity with Bitcoin
More Annuity NewsHealth/Employee Benefits News
- UnitedHealth Group shares fall nearly 20% as company forecasts lower sales this year
- Progress on nurses' strike as Mt. Sinai, NYP agree to keep health plans
- Nevada health insurance marketplace enrollment dips nearly 6% but 'remained fairly steady'
- AM Best Assigns Credit Ratings to CareSource Reinsurance LLC
- IOWA REPUBLICANS GET WHAT THEY VOTED FOR: HIGHER HEALTH INSURANCE PRICES, FEWER PEOPLE INSURED
More Health/Employee Benefits NewsLife Insurance News