Seniors Housing Business is the magazine that helps you navigate the evolution of the seniors housing industry.
Issue link: https://seniorshousingbusiness.epubxp.com/i/484276
WHEN IT COMES TO YOUR STAFF , I KNOW MY STUFF. Merit Senior Living's support helps reduce labor costs and keeps you focused on your strategic initiatives and occupancy rates with employee benefits, payroll and workers comp coverage you simply don't have time to manage on your own. And as one of the INS Family of Companies, Merit Senior Living is connected with an even greater source of top-level talent, technology and tools to keep you more productive. For more information visit SeniorLivingHR.com THE INS FAMILY OF COMPANIES Development Tribute plans new memory care community in Texas Prosper, Texas — Dallas-based Tribute Senior Living will begin construction this spring on an advanced memory care and senior living community at the corner of Preston Road and Broadway Street in Prosper. Upon completion in 2016, the 60,000-square-foot community will be home to 100 residents. "There are more than 5.2 mil- lion people living with Alzheim- er's disease in the United States," says Charles Hodges, a partner with Tribute. "That number is expected to grow to more than 16 million by 2050. Those are very real numbers, and when you also consider the family and friends touched by this horrible disease, we are talking about hundreds of millions of people affected in one way or another." Mark Rushing, principal of Sodalis Elder Living and a partner in Tribute Senior Living, will serve as the operating partner. The team has formally part- nered with Dr. Paula Grammas, former executive director of the Garrison Institute on Aging and tenured professor of neurology at the Texas Tech University School of Medicine, to ensure that the communities utilize state-of- the-art research and develop- ment in treating Alzheimer's and dementia. A new memory care community, depicted in this rendering, is scheduled for completion in 2016 in Prosper, Texas, by Tribute Senior Living. Dominion Partners recently broke ground on the $25 million Phase II of Somerby, which is expected to reach completion in the fall of this year. The 13-acre project will add a four-story building with 101 one- to three- bedroom independent living units, as well as nine villas that are in addition to the existing assisted living units. "We had to just sit on that site for multiple years," says Al Worthington, principal and CEO of Dominion Partners. "Fortu- nately, our lender worked with us to subdivide the site into a Phase I and Phase II." The company is also develop- ing a property in Florida called Somerby of Santa Rosa Beach. The $13.8 million project includes 52 assisted living and 24 memory care apartments. Somerby of Peachtree City in Peachtree City, Ga., shown in this rendering, has entered a $25 million Phase II expansion. www.seniorshousingbusiness.com 17 February-March 2015 n Seniors Housing Business