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BUSINESS NEWS OZ ARCHITECTURE DESIGNS NEW URBAN SENIOR LIVINGCOMMUNITY OZArchitecture isoverseeing construction on a new 128,000-square-foot assisted living and memory care community in Englewood, Colorado. OZ Architecture designed the six-story urban residential property conveniently located between Swedish Medical Center and Highway 285, with easy access to pharmacy and post-acute rehabilitation services. Atria Englewood will include 24 memory care studios and 106 assisted living studios, as well as one- and two- bedroom options. One of the highlights of OZ Architecture’s contemporary design is a sixth-floor dining room with unobstructed, panoramic views to the north, south, and west. Adjacent to this is a demonstration kitchen, cafe, theater room, and club room. Two separate rooftop terraces will overlook sweeping mountain views. OZ Architecture’s design also includes an underground parking garage, two private courtyards, and several on-site amenities. Crisp colors, modern finishes, and natural wood elements create an up-to-date yet warm environment. The two-story lobby features

a grand fireplace and bistro with morning breakfast and full-service bar in the evenings, as well as an outdoor garden and courtyard. First- floor memory care residents will have access to a kitchen, dining room, activities room, salon, and private garden. Assisted living units on the second through sixth floors will include a library, salon, and fitness center. “By blending modern sensibilities with the practical needs of the older adult community, Englewood Senior Living Residences will help usher in a new era of older adult residential design,” says OZ Architecture associate Angela Gunn. Atria Englewood is scheduled to open in August 2019. Headquartered in the vibrant RiNo district of Denver, and with studios in Boulder and Colorado Springs, OZ Architecture has been at the forefront of design since 1964. The OZ team includes more than 165 architects, designers, strategists, and artists whose broad range of expertise and passions create a variety of project types on every continent.

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MARK ZWEIG, from page 1

we were weren’t ostensibly qualified for – and were given the chance to buy stock in the company as well, all in our 20s. 3)Just because you are an owner doesn’t mean you get consulted on everything. We had a very strict separation of ownership and management, and, as owners, we got to vote shares on who was on the BOD, a share of profits in accordance with our share of ownership, and stock appreciation if the firm did well. And that was it. 4)You don’t have to make people wait all year for a raise if they are doing a good job. One year, Don gave me three or four raises. Irv then warned me that I would really have to perform or be out of a job quickly! 5)The best way to teach people is to show them. Don took me on his BD calls and meetings. He told me not to speak unless I was spoken to. I observed and learned. He taught me personal sales skills for this business. 6)Price has nothing to do with cost. It instead should be based on what the market will bear. We charged six times raw labor for asbestos consulting because we had the exper- tise no one else had at that time. On the other hand, we were lucky to get a 2.6 multiple on structural engineering then because no one needed it. 7)Celebrate your success. We had a cache of cheap cigars above the visor of every com- pany car – Swisher Sweets and AC Grenadiers. And we fired one up every time we won a job. 8)Have good financial information and share it. We were early advocates of open-book management and graphic financial performance reports showing how the company was doing. 9)Make a bad decision? Make a new decision. We once bought an architecture firm in Nashville and it turned out there were significant cultural differences between our pri- mary owners and theirs. We divested that firm less than six months later. I’m sure there were many more lessons I learned from these two gentlemen. The fact is they were a large part of why I dedicated my entire career to this industry. They were great people with honorable intentions who worked hard to build a business and cared about other people selflessly. I will be forever indebted to them! MARK ZWEIG is Zweig Group’s chairman and founder. Contact him at mzweig@zweiggroup.com.

1200 North College Ave. Fayetteville, AR 72703 Chad Clinehens | Publisher cclinehens@zweiggroup.com Richard Massey | Managing Editor rmassey@zweiggroup.com Christina Zweig | Contributing Editor christinaz@zweiggroup.com Sara Parkman | Senior Editor and Designer sparkman@zweiggroup.com Liisa Andreassen | Correspondent landreassen@zweiggroup.com

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Email: info@zweiggroup.com Online: thezweigletter.com Twitter: twitter.com/zweigletter Facebook: facebook.com/thezweigletter Published continuously since 1992 by Zweig Group, Fayetteville, Arkansas, USA. ISSN 1068-1310. Issued weekly (48 issues/year) $250 for one-year print subscription; free electronic subscription at thezweigletter.com/subscribe © Copyright 2019, Zweig Group. All rights reserved.

© Copyright 2019. Zweig Group. All rights reserved.

THE ZWEIG LETTER June 17, 2019, ISSUE 1301

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