Construction Begins on Senior Living Community in Austin
By late 2024, Grand Living at The Grove will be ready to open its doors to Austin’s aging community. According to ESRI, Austin’s age and income-qualified households – age 75 and older, $75,000 and up – is expected to grow nearly 70% by 2027.
“Demand for senior housing will continue to grow in Austin and there’s no better time to start building than now,” said Hunter Barrier, south central region president, Ryan Companies. “Grand Living at The Grove will not only provide high-quality living options, but it’s located in an amenity-rich community just minutes away from downtown Austin.”
In partnership with Grand Living and Castletop Capital, we’re building the five-story senior living community, which will be 348,353 square feet with 186 independent and assisted living units, as well as an entire wing dedicated to 36 memory care apartments. Located at The Grove, central Austin’s dynamic mixed-use development, Grand Living at The Grove will offer an age-in-community, which allows residents to reside in their original apartment event as their healthcare needs change.
Amenities will include a Grand Lounge and Legends Club; Grand Library; formal, casual and bistro dining; a performance theater; Grand Spa and Fitness Center featuring a full-service salon, pool and courtyard; therapy rooms; game rooms; a gift shop; chapel and outdoor amenity spaces. There will also be 180 underground parking stalls. Residents will have the option to choose between studios and one- and two-bedroom apartments. Some apartments will also include dens. Living spaces will range from 450 to 1,600 square feet.
“We are driven by our passion to provide remarkable personalized experiences for the residents and their families and by our unparalleled commitment to exceptional service,” said Dan Peterka, Grand Living’s president and CEO. “We are proud to be a part of the Austin community and look forward to showcasing our extraordinary environment and remarkable programs and services.”
We are the co-developer and builder, and Ryan A+E, Inc. is the architect of record. Castletop Capital is the master plan developer and Grand Living will operate the community upon completion. PACE Loan Group and Bankers Trust provided financing for the project.
“We are very excited to be partnering with Ryan Companies to bring a Class A for-rent senior living project to The Grove,” said Alan Topfer, co-founder and managing director of Castletop Capital. “Grand Living at The Grove is going to be a highly amenitized community that will provide a high-quality home for senior citizens to live in, which will enable them to take advantage of the expanding restaurants, services and retail that The Grove has to offer.”
We have partnered with Grand Living on three other senior living developments in Texas including Grand Living at Georgetown, Grand Living at Riverstone in Sugarland and Grand Living at Tuscan Lakes in Houston. This is the 13th project overall in partnership with Grand Living and the first within Austin city limits.