Thursday, April 17, 2008

Opus West Breaks Ground on Senior Care Facility

Opus West, in partnership with Scottsdale, AZ-based RED Group LLC and Seattle-based Leisure Care, broke ground on what will eventually be a 24.7-acre mixed-use property in Missouri City, TX. The Reserve at Colonial Lakes will be the leader of a whole new kind of senior living option. Geared towards the wellness and health of its residence, this 222-unit wooden-frame structure will deliver in 2009. Both one- and two-bedroom apartments will be available on all four floors of the property. It will be on 8.1 acres of the northwest end of the acquired acreage. Although the senior living facility is not expected to deliver until the second quarter of next year, a representative from Leisure Care said that they were already fielding calls regarding space availability. Leisure Care is the firm that will manage The Reserve at Colonial Lakes. Opus West is also developing the 20,000-square-foot retail and 50,000-square-foot office portions of this mixed-use property. The retail pads will front Highway 6 on 5.2 acres along that road. Both of these developments should deliver by the first quarter of next year. fOR MORE INFORMATION CONTACT: www.houstonrealtyadvisors.com or www.houstonrealtyadvisors.net