Chicago-based Bright Oaks Group, which plans to develop 20 senior living communities in the Midwest, including this 80-unit assisted living and memory care project in Elgin, Ill., recently announced plans for a major expansion in Florida.
(Rendering courtesy of Bright Oaks Group)
Illinois-based company is set to build three new senior communities by 2016
By Dan Larson
With more than 4.2 million senior citizens living in Florida, it’s no surprise that the retirement industry is the state’s second largest economic sector, according to the Florida Department of Elder Affairs. As a result, the high demand for senior living facilities in Florida is drawing plenty new out-of-state firms to capitalize on the demand.
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