LOS ANGELES—Building and operating middle-income senior housing is “the next great challenge” of the real estate industry, according to a panel on the topic at the 3rd Annual Interface Seniors Housing Midwest. Soo Im, the director of design at KTGY Architecture and Planning and a speaker on the panel, says that tackling the issue means creating an affordable project that also provides amenities and services for seniors. She believes that redevelopment projects will provide the best way to affordably develop these opportunities.

“With the high percentage of one bedroom and studio units in senior living housing, there are some very attractive opportunities for repurposing buildings like hotels, offices, and hospitals for active adult rental and Assisted Living and Memory Care communities,” Im tells GlobeSt.com. “We are currently working on one of each. The biggest challenge for repurposing existing buildings is the building dimensions and the structure, whether they can provide efficient spacing and sufficient outdoor and daylight opportunities for the new program. Older buildings in locations that provide the shopping and entertainment amenities for residents are a great plus.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

More from this author



Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.