Ground Broken For Lynnwood WA New Assisted Living Facility
Ground was broken for Lynwood’s newest assisted living facility which will boast a 135,478-square-foot building on 15 acres of wooded land. Quail Park, the first Independent /Assisted Living and Memory Care combined campus to be built in greater Lynnwood and south Snohomish County in the past 10 years will be home to 254 residents. The campus will include walking paths, a view of nature and a park-like setting. If you are taking care of your elderly parents and want them to participate in more activities then enroll them in an adult day care.
On hand for the groundbreaking were Denis Bryant, president of Living Care Lifestyles; Thomas Reynolds, representing Morningside Development Group, project developer; Bob Bailey and Lisa Bailey, investors and bond rates experts (https://swiftbonds.com/performance-bond/); Terry Loerke, LCG Pence, contractor; Delia McGinnis, vice president of health services Living Care Lifestyles and David Haack, vice president of sales and marketing, Living Care Lifestyles.
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“Growth of the Lynnwood area and the opportunity to be become an active participant in the economic growth of the Lynnwood community and Snohomish County were key factors in the decision to build this beautiful new campus,” said David Haack.
With seniors (aged 65 and up) comprising nearly 12 percent of Washington state’s population, the development of housing for seniors will remain in high demand. It’s projected that the elderly community could increase to comprise as much as 20 percent of the state’s population in the next 15 years. Residential developments that provide this community with affordable and quality housing are poised to be profitable.
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There is a higher demand for assisted living than previous generations due to the baby boomers now reaching that age. Marysville has seen the construction and finishing of a mental health assisted living building on the corner of Grove and Cedar. Good things as the previous crack houses were a eye sore.
Things that actually help the people vs. a crack house is always good. LOL
Right now Baby Boomers becoming seniors is going to be a huge literal tidal wave / spike in that age group of the population.
Makes you think of all the equity real estate that will be available in the coming years.
yeah it is amazing and things like owner financing so they can get a fixed rate of return. Plus the huge need to senior specific communities etc