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Erickson Senior Living is an owner, manager and developer of retirement communities in the United States. It provides independent living, assisted living, memory and skilled nursing care, managing 20 campus-style retirement communities in 11 states. Headquartered in Catonsville, Maryland, it employs over 17,000 people for 24,000 residents as of ...
In 1967, the 12-story, 291-unit Parkside Terrace Apartments at 3700 9th Street SE was constructed. The apartment building for moderate- and low-income families was financed with federal money, and built by a group of private investors led by Polinger Construction and Judge Marjorie Lawson (a civil rights advisor to President John F. Kennedy). [27]
Potomac Gardens was designed by the Metcalf and Associates architectural firm, and was built from 1965 and 1968 by Edward M. Crough, Inc. It contained the innovative Potomac Gardens Multi-Service Center, bringing community services into the new public housing project. [1]
Independent senior living communities are the least expensive of the three primary senior living options. Monthly costs vary significantly by community type, size of apartment, location and services offered. The average total cost for a U.S. one bedroom independent senior living apartment is $2,750 per month.
In October 1974, Leisure World canceled the sales contracts for 480 semidetached homes and low-rise apartments because inflation had increased construction costs and it was no longer certain when the units would actually be built. [33] Five months later, Leisure World offered the units for sale again at increased prices. [34]
The coal board pension fund put the Watergate complex up for sale in 1989, and estimated the complex's worth at between $70 million and $100 million. [5] Several buildings were sold in the 1990s (for details, see below). [5] The property was valued at $278 million in 1991. [20]