AUSTIN, Texas — Ryan Cos. US Inc., Grand Living and Castletop Capital have topped out Grand Living at The Grove, a seniors housing community in Austin.
Located at The Grove, a mixed-use development in Central Austin’s, the five-story senior living community will total approximately 348,353 square feet and feature 177 independent and assisted living apartments, as well as an entire wing dedicated to 36 memory care apartments.
Grand Living at The Grove will provide an age-in community, which allows residents to reside in their original apartment even as their healthcare needs change. Residents will have the option to choose between studios and one- and two-bedroom apartments. Living spaces will range from 450 to 1,600 square feet.
Ryan is the co-developer and builder. Ryan A+E Inc., the design studio of Ryan, 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.
Ryan and Grand Living have partnered on three other senior living developments in Texas including Grand Living at Georgetown, Grand Living at Riverstone in Sugar Land, and Grand Living at Tuscan Lakes in League City. This is the 13th project overall in partnership with Grand Living and the first within Austin city limits.
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