June 8, 2018

MedCore Partners (Dallas) partnered with The National Realty Group Inc. (Houston) to buy 13.8 acres near Del Webb Boulevard and Williams Drive (Georgetown). On that acreage, the two developers are planning to build a 314-unit seniors housing project that will offer independent and assisted living, along with memory care units.

Construction is scheduled to start in early 2019, with the project to be built in two phases. The initial phase, scheduled for an August 2020 opening, will contain 229 units, with 125 units geared toward independent living, 80 for assisted living and 24 for memory care. Planned amenities are indoor and outdoor dining venues, a fitness center and walking trails, outdoor swimming pool, salon and spa and golf parking.

The as-yet unnamed project will be managed by Integral Senior Living.

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Tags: Acquisition, Housing, Land