LifeCare Properties JV to Kick Off Texas Senior Housing
The luxury community is slated for delivery next year.
A joint venture between LifeCare Properties and ERG Enterprises will soon break ground on The Blake at Lubbock, a luxury senior community in Lubbock, Texas. The property, slated for delivery in 2023, will be the fourth Blake community in Texas. Blake Management Group will manage the community.
The property’s assisted living option is slated to include studios, one- and two-bedroom units, while the memory-support area will have studios and one-bedroom units. Planned community amenities include registered nurses 24 hours a day, chefs, a fitness center and housekeeping. A salon, a movie room, activity rooms and an on-site physical therapy clinic will also be available at the 100,000-square-foot community.
A health-care hub
The city of Lubbock is an economic, educational and health-care hub for the region. With centers such as Grace Clinic, Texas Tech’s University Medical Center and Lubbock Heart and Surgical Hospital, the city offers a wide range of health-care services, according to LifeCare Properties.
The 29-acre development will be located at the corner of 112nd Street and Quaker Avenue, within Graco Development’s Common South, just across the street from the Lubbock Cooper Health Center. Several dining, retail and entertainment options will be available within a 2-mile radius. Downtown Lubbock will be 10 miles north of the community, via Interstate 27.
Recently, The Cottages at Lubbock, an 847-bedroom student housing community in Lubbock, has landed a $63.5 million refinancing.