Insights
A place to share our ideas about exciting innovations.
The holidays can be lonely for many people, including residents of senior living communities. This is compounded by a new University of Michigan study finding that many adults aged 50 to 80 feel lonely and isolated, with a number of them reporting only fair or even poor physical and mental health.
As we gather around tables with family, friends, and loved ones this Thanksgiving, Pi Architects’ team wants to reflect on this past year's progress, growth, and purpose. This holiday is a special time to pause, appreciate what we have, and look forward with gratitude and excitement for what’s yet to come. We have so much to be grateful for this Thanksgiving. We have had the opportunity to partner with visionaries and organizations to design communities and spaces that promote comfort, purpose, and well-being. We are also incredibly fortunate to have a team of passionate, talented, and creative professionals – specialists across all major design disciplines, architecture, interior design, repositioning, development, master planning, and longevity.
Senior living construction and renovation have been bumpy in recent years. While there are still some potholes and detours, the ride is smoothing out a bit. In a recent NIC webinar, Meet Senior’s Housing’s Contrarians, some experts in the field shared their thoughts. While they offered some cautionary tales and precautions for the future, they also saw some light at the end of the tunnel. Here are just a few insights:
Many in the industry have been hunkering down as valuations have been challenged, exit plans have been destroyed, carrying costs of non-cash-flow properties have spiked in 2023 and progressed into 2024, and the hope of a quick drop in interest rates has slowly dissipated. At the same time, some regional banks have increased regulatory requirements and higher interest rate expenses have made obtaining debt more difficult; as a result, we’ve been re-exposed to old terms such as seller financing.
Testimonials
“The team has developed a small house architectural and programmatic model that ARI has reviewed. I like it. The size of the living spaces, for 16 residents, is very appropriate in the current environment. The MyHouse plan is flexible and should work well for many organizations.”
David Slack, Aging Research Institute
“The success of any complex project depends in large measure on the team assembled and the team’s ability to communicate and work collaboratively and unselfishly with the owner/operator toward the goal.
Pi Architect’s service and commitment to Westminster was and continues to be excellent and their contribution to our organization commendable.”
Chuck Borst, Executive Director, Westminster, Life Care Services
“Greg and his team guided a painless review process helping us achieve every one of our exception requests and working with the State to modernize the outdated nursing regulations for our buildings.
Thanks to Pi, we feel confident breaking new ground and continuing to push the status quo in the nursing market; something we think keeps Diakonos Group ahead of the game.
I would highly recommend Pi Architects if you’re looking not just for a guiding hand through the red tape, but a trained team dedicated to blending your senior living needs with the expertise that matters.”
Scott Pilgrim, CEO, Diakonos Group
"Because of Pi Architects' visionaries we were able to reposition our campus from a 1960's nursing home into a state of the art, full-service senior living community."
Godwin Dixon, Executive Director & CEO, Presbyterian Communities and Services