New initiative formed to explore the myriad of ways wellness is being embedded into every aspect of our living spaces and what this means for future real estate developments.
The non-profit Global Wellness Institute (GWI), welcomes a new initiative into its fold: Wellness Communities & Real Estate, joining more than 30 industry-specific collaborative groups hosted by GWI to further the international conversation about wellness.
The initiative serves to deepen the insights found in GWI’s 2018 landmark “Build Well to Live Well” research, the first ever in depth study on the booming wellness communities and real estate sector. That research valued at $134 billion in 2017 and predicted six per cent YOY growth through 2022 (USD180 billion), a number that researchers anticipate will be higher thanks to the new laser focus on health and wellness in every aspect of post-pandemic living.
The initiative is co-chaired by two wellness communities and real estate leaders: Helen Foster and Teri Slavik-Tsuyuki. It aims to quantify how both health and quality of life can be optimised by intentionally creating built environments that are proactively designed to support the holistic health of those who live, work, play and learn.
Foster runs Foster Strategy, which counts notable wellness community developers in the US as clients. Slavik-Tsuyuki is one of the architects behind the America At Home Study, which surveyed US consumer sentiments about design, health and wellness in homes and communities in light of the pandemic, and was named “one of the most influential women in homebuilding” by BUILDER Magazine.
As founder of tst ink, Slavik-Tsuyuki works with community developers, homebuilders and entrepreneurs to create innovative spaces that allow people to live their best lives.
“As neighbourhoods and communities became more central to our daily lives during COVID—and will likely continue to be where we spend most of our time—more of us are aware that health and wellness outcomes are a direct result of the environments where we live, work and play,” said Co-Chairs Foster and Slavik-Tsuyuki. “Understanding how homes and neighbourhoods can increase personal wellness is key to GWI’s mission of empowering wellness worldwide.”
The Wellness Communities & Real Estate initiative’s key goals include:
- Uncovering best practices, innovators and resources in the development and operations of wellness communities and real estate worldwide.
- Defining outcomes that have the most potential to impact individual wellness.
- Building a measurable framework that can be applied to codify wellness communities worldwide.
“Wellness communities and real estate have long been a wellness sector of significant growth and opportunity, but COVID-19 has accelerated the need for these types of developments,” said GWI Chair and CEO Susie Ellis.