Skip to Content

Plante Moran Living Forward provides creative solutions for Ohio senior care provider’s building repositioning

The client: Graceworks Lutheran Services Vista Place

Bethany Village is a nationally accredited, faith-based continuing care retirement community (CCRC) owned by Graceworks Lutheran Services. On the campus is Vista Place, an 11-story independent living building constructed in the 1970s.

The challenge: Aging building “impossible” to reposition

Graceworks had been told by other real estate consultants that repositioning the aging building would be impossible due to structural engineering concerns and the challenges of working vertically. Bondholders were worried that the building would never be a product the consumer wanted to pay market rates to live in and would continue to be a financial drag on the organization. Graceworks engaged Plante Moran Living Forward™️️️ (PMLF) as a development advisor to help the organization envision the solution.

The solution: Creative solutions based on data-driven insights

To address the construction challenges, PMLF performed a conceptual design analysis that demonstrated how to relocate residents to one side of the building and renovate vertically without disruption. Renovating vertically and relocating residents would give way to elevator, lobby, and common space renovations and would allow space for manipulating concrete walls into large windows on the exterior.

After running a feasibility assessment, PMLF conducted a market study to determine if there was enough depth in the Dayton market to support repositioning Vista Place into a high-end, luxury independent living apartment building. The quantitative analysis supported the repositioning, but a pricing analysis of the area showed nothing directly comparable to an independent living entrance fee. Looking at other Ohio markets allowed PMLF consultants find comparable products from which to develop the monthly service fee. Then, to help Vista Place leaders validate the project concept, layout, service offerings, and proposed pricing, PMLF conducted focus groups with qualified prospects within the market area.

The benefit: Repositioned asset with strong market appeal

This thorough analysis was presented to the board, highlighting Graceworks’ cash and market position, and was met with approval. The repositioning program broke ground in 2020 and included two phases to update the existing building to include 50 large one-bedroom plus den and two-bedroom units with large master suites, kitchen and dining spaces, in-unit laundry, and walk-in closets. PMLF oversaw approximately $10.2 million, 70,000 square feet of renovation construction and new outdoor amenities over two years as the development advisor and owner’s representative of phase one. Close to 80% of units were presold before construction concluded.

Want great space like this? Contact:

Moorings Park Grande Lake Clubhouse Exterior and Pool, Naples, Florida

Moorings Park Communities

Naples, FL

Moorings Park Communities engaged Plante Moran Living Forward as owner’s representative during the construction of a new Clubhouse at the Moorings Park Grande Lake campus in Florida.

Case Study / 1 min read

Learn More
Clark Retirement Community Keller Lake Senior Living Development Exterior

Clark Retirement Community: Keller Lake Campus

Grand Rapids, MI

Clark Retirement Community completes Phase 1 of its master plan to reposition and expand the Keller Lake campus to meet the changing needs in the market, improve profitability, and further diversify its existing portfolio.

Case Study / 1 min read

Learn More
Madonna Manor Image

Madonna Manor

Villa Hills, KY

Madonna Manor engaged Plante Moran Living Forward to conduct a thorough financial analysis and debt capacity study of building a replacement nursing home on its campus.

Case Study / 1 min read

Learn More
Marquette Medical Care Facility Senior Living Exterior

Marquette Medical Care Facility

Marquette County, MI

The Marquette County Medical Care Facility hired Plante Moran Living Forward to provide the resources and expertise to help plan and successfully complete the construction of a new rehabilitation center and renovations throughout the facility.

Case Study / 1 min read

Learn More
St Therese of New Hope Image

Saint Therese of New Hope

Minneapolis, MN

Operationally, St. Therese had a positive cash flow, but intuitively, the CEO and CFO knew that some service offerings may be negatively impacting the results.

Case Study / 1 min read

Learn More
Rosary Care Center Our Lady of Grace Hall Image

Rosary Care Center

Sylvania, OH

The Sisters of St. Francis need to plan for the future needs of its aging community with the construction of a 17-bed assisted living facility to meet skilled nursing codes for possible conversion in the future.

Case Study / 1 min read

Learn More