Ben Seager – Exploring the Senior Living Landscape

ULI Spring Meeting

April 9, 2024

4:00 – 5:00 p.m. EDT

New York Hilton Midtown
1335 6th Ave.
New York, NY 10019
Level 2, Nassau Suite

Ben Seager, KTGY
Hillary DeGroff, Perkins Eastman
Andy Coelho, Sunrise Senior Living
Helen Foster, Foster Strategy, LLC
Tyler Swiggett, Hines-Us (Moderator)

Over the past few years, middle market to luxury senior living developments have been increasingly sprouting up across major cities, especially in places like New York, driven by an aging population of baby boomers who are still socially and culturally active. Today’s seniors are retiring later, traveling more, and embarking on nontraditional live/work/play paths, which include urban lifestyles and proximity to their children. New York itself is home to nearly 3.5 million residents ages 65 and above. And the 75+ population in the United States is projected to grow 50 percent in the next 10 years, doubling in the next 20. The objective of the panel is to explore the current state of senior living real estate development, focusing on the design principles and ideas that are shaping this evolving industry. Key discussion points may include demographic shifts, moving from care to hospitality, international design influence, the growth of age-restricted living, and the evolution of independent and assisted living.