COVID-19 is altering the real estate landscape and making city density less desirable. This is also causing Anthology Senior Living to be even more optimistic about its King of Prussia location that is currently under construction, writes Tim Mullaney for the Senior Housing News.
Due to the pandemic, real estate will “see a lot of de-urbanization,” said Anthology Senior Living President Ben Burke. Suburbs, however, it has gained in popularity.
In addition to being in a suburb, the King of Prussia location will benefit from being built in a mixed-use environment that is already anchored by a high-end grocer with a strong presence in the region.
This could serve as a good example for future mixed-use success where developers would focus more on matching tenants to the specific needs and tastes of the local community.
It would create a shift from just creating nearly identical developments occupied by national brands. This approach may actually focus on blending the health care, housing, retail, and work needs of a specific consumer base in a way that could pay off in the future.
Read more about Anthology Senior Living at the Senior Housing News by clicking here.
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