We’ve been involved in developing not-for-profit and for-profit retirement communities since 1971, so we know good senior living planning includes a strategy for the unexpected. Before initiating design, the best thing to do is to comprehensively set the stage. A big part of any development work we do, either with a new or an existing community, is to create a comprehensive retirement community business plan called a master plan.
Learn more about our projects by reading our case studies.
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Good master plans incorporate information gathered from strategic planning. LCS Development works with owners, board members and other stakeholders to develop the most successful strategy for your community. This process includes identifying your:
A master plan provides direction and focus for future capital improvements and builds on the strategic plan. It also helps board members and owners answer critical questions, such as:
A well-designed master plan provides direction and focus for future capital improvements specific to your unique issues. It establishes a phasing strategy to accomplish a logical, site development sequence, and also includes future growth and/or program enhancements merged with a financial plan to ensure viability.
This phase builds common understanding and provides an insightful view of your community and its current situation. We review the strategic plan, site, buildings, market, regulatory environment, current amenities/services, and the finances, as well as present forward-looking market research and design trends.
During this phase, collaboration meetings provide a forum to discuss various development strategies and associated design scenarios. The collaborative planning builds consensus among stakeholders and includes:
Our final stage of the master planning process culminates in the plan presentation. It incorporates design, program, phasing and project economic information to demonstrate overall viability. We provide a final master plan that includes your:
All this planning pays off in the end with full committee approval. It’s also one of the reasons we have a 100% success rate on our projects.