A California developer is entering the Texas market with a project that would be the first of its kind at the mixed-use Domain in North Austin — a senior-living community.
Senior Resource Group, based in Solana Beach, Calif., plans to build a complex of three buildings — 6-, 7- and 11-stories tall — that would have 230 rental units for independent living, assisted living and memory care. Pricing on the various residences has not yet been released. The project is aimed at residents 62 years of age and older.
To be named Maravilla at the Domain, the project is planned for 3.7 acres near Dillard’s and the Lone Star Court hotel, which are at the south end of the sprawling Domain project off MoPac Boulevard (Loop 1).
It will be Senior Resource Group’s 32nd senior living community nationwide, and will represent the next generation of senior living for Senior Resource Group, which has been developing and operating senior living communities throughout the United States for nearly 30 years.
The company currently has projects in Arizona, California, Florida, Georgia, Oregon and Washington state.
Senior Resource Group, which purchased land at the Domain in 2015, expects to begin construction on the three buildings in early 2017. The project is expected to open in the fall of 2018. The company did not release a projected cost for the development, and said a rendering for how the project will look is not yet available.
“We are expanding into Texas in an extraordinary location,” said Michael Grust, president and chief executive officer of Senior Resource Group. “The Domain delivers on the connectivity that is so powerful, and reinforces what our residents and their families are telling us about what they need – specifically, environments that are a catalyst for quality of life.”
The project will give residents the opportunity to live in an environment “that’s not set apart from the action, but rather right in the heart of it,” Grust said.
Plans call for an 11-story South Tower surrounded by courtyards and a rooftop swimming pool, as well as two attached towers of six and seven stories, the Central and North Towers. The unit mix will address a full spectrum of residents’ needs, and the upscale amenities and associated services — including a dedicated rehabilitation center offering preventative health options and fitness opportunities — will be designed to enhance residents’ quality of life, the company said.
Maravilla at the Domain will have services and amenities including 12-hour restaurant-style dining, a theater, library, bistro, wellness center and other special indoor and outdoor spaces to promote an active lifestyle.
In a written statement provided to the American-Statesman, Senior Resource Group said the project “will attract individuals and couples who are seeking opportunities for vibrancy, socialization, stimulation and interaction in an upscale and contemporary environment. Former home owners, seeking relief from the everyday burdens of home maintenance, will find the service-rich lifestyle and on-site access to higher levels of care to be very compelling.”
The project is part of an ongoing wave of senior-living communities that have been opening across Central Texas to address the needs of the region’s aging population. The various projects address a range of options and care levels, from active adult and independent living communities to assisted living, memory care and skilled nursing facilities.