Senior Living Cranks Up

HOUSTON (Houston Business Journal) – Multiple new senior-living projects are in the works in the Houston area. Among them:
• Wallace Bajjali and Outer Marker Properties LLC expect construction on Hampton Pointe Manor, a 78-unit assisted-living facility with 20 memory care units, to begin within 30 days. It will be at 3505 Murphy Rd.
• LaSalle Group Inc. of Dallas is developing a 46-bed facility, slated to be completed within a year, at 20313 South University Blvd. in the Riverstone master-planned community.
• LaSalle also acquired 2.8 acres in Spring for another 46-bed development known as Autumn Leaves of Cypresswood, which will break ground within a few weeks.
• San Antonio-based Galaxy Builders Ltd. and VDC Greenhouse Ltd. expect construction to begin this month on Greenhouse Place, a 160-unit apartment complex with rents ranging from $236 to $609 for one-bedroom units and $314 to $727 for two-bedroom units. An additional 110-unit complex in Alvin on 7.3 acres is also in the works.
• LDG Development LLC broke ground last month on the $16 million Melbourne Senior at 3075 Mustang Rd.
• Del Webb announced earlier this month that it will resume developing the 1,500-home project on hold in Fort Bend County. The neighborhood is planned for 500 acres at SH 59 and Thompsons Rd.