Founders’ Story: Celebrating 10 Years of Avenue Development

January 2025 marks an incredible milestone for Avenue: 10 years of serving as a full-service real estate development, construction and investment group focused on innovative solutions for wellness centered healthcare and senior living properties. Over the past decade, Avenue has grown into a trusted leader in the industry, delivering excellence through vision, resilience, and teamwork. From our launch and roots in Indiana to the opening of our first Viva Bene property, we have much to reflect on. To celebrate these milestones, we sat down with Laurie Schultz, Principal & Co-Founder, Mike Mattingly, Principal & Co-Founder, and Matt Kwapis, Senior Vice President, Development, to reflect on the last decade of Avenue Development.

Avenue Development’s story is one of teamwork, innovation, and unwavering commitment to its mission. As we celebrate this milestone, we are grateful for the partners, clients, and communities who have been part of this journey. Together, we’ve built more than properties—we’ve built trust, innovation, and impact.

Bridging the gap between conventional multifamily apartments and traditional senior living is our future. Not only are boomers looking for retirement, but an active community and lifestyle that they can afford. Our first community in St. Louis called Viva Bene is opening this year and is creating a vibrant, attainable community with a multi-generational approach. This is an age-restricted rental community for folks who are 55+. We believe our residents should look at various factors of where they want to live with purpose for many years to come.

Here’s to the next chapter of Avenue! If you’re ready to explore investment opportunities with Avenue, let’s connect and create something extraordinary. Contact us today to learn more about Avenue and our vision for the future in age restricted housing.

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