COMING SOON
Developments & asset acquisition
Verve Senior Living follows a comprehensive development, acquisition, and joint venture blueprint. Our group is uniquely positioned to deliver high quality senior housing which has been strategically designed for Canada’s rapidly aging population.
Verve Senior Living has created a diverse portfolio of multi-service retirement residences across the country. Thanks to our successful identification of new development sites, strong partnerships, involvement with municipal leaders, and efficient building construction management, our residences’ have been well-received and have integrated seamlessly into their surrounding communities.
Since 2007, we have facilitated or advised on the development and acquisition of 2,000 units in thirteen retirement residences across Canada. In addition to proven capabilities sourcing green and brownfield opportunities in the retirement home industry, our team has extensive experience in the acquisition of existing retirement projects and operational properties.
Elements of expertise include:
- Site identification
- Land sourcing
- Market and feasibility analysis
- Securing permits and approvals
- Efficient turnover at occupancy
- Quality control
- Construction management oversight
- Management of large consultant teams
- Project underwriting and financing
Verve Senior Living is well positioned to meet the need of premier quality, environmentally sustainable, and seamlessly integrated residences within our partner communities.
The flexibility of our development platform ensures projects anticipate and satisfy the needs of local communities and thus are conducive to steady, long-term growth. Strong relationships within the real-estate community provide Verve Senior Living with a breadth of nationwide industry knowledge and opportunity awareness. Strategic partnerships with the lending community ensure highly competitive loan terms, proving to be an integral part of the business’ success. Furthermore, Verve Senior Living secures a position on the leading edge of green construction having completed operational geothermal heating and cooling systems at nine of Verve Senior Living’s retirement residences. This has reduced carbon footprints and keeps our buildings attune with environmentally friendly technology evolution.
As the trend of Canada’s aging population is expected to accelerate, Verve Senior Living is well positioned to meet the need of premier quality, environmentally sustainable, and seamlessly integrated residences within our partner communities.
Communities under development
CALGARY, AB
OPENING SPRING 2023
Riverwalk Retirement Residence is located in one of Calgary’s most sought-after neighbourhoods and will be the city’s first urban continuum care retirement residence. This building will offer 141-units for Memory Care, Assisted Living, and Independent Living.
Read More About Riverwalk >
TORONTO, ON
OPENING SUMMER 2023
Don Mills is located in one of Ontario’s strongest housing markets and will be Toronto’s first continuum care retirement residence. Situated within minutes of the Shops at Don Mills, this 134-unit property includes Memory Care, Assisted Living, and Independent Living.
Read More About Don Mills >
TORONTO, ON
462 Wellington (to be named)
The redevelopment of 462 Wellington St. West will include downtown Toronto’s first continuum care retirement residence, creating a more complete King-Spadina community. In addition to a full-service retirement residence, the development proposal includes the conservation of the existing heritage building, along with new offices, retail and restaurant use.
Design Concepts
New properties will benefit from experiences to date and be developed to meet current and future demands. The next evolution of projects will see hotel-style amenities such as wellness centres, multiple dining experiences, and electronic suite entry systems. Continuum care residences will include specialized Assisted Living and Memory Care suites and amenities.
Geothermal Systems
Verve is a leader in the design and implementation of geothermal heating and cooling in the commercial marketplace. We currently operate six projects that utilize ground-source heat pump systems and plan to implement these systems in future developments.
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