DALLAS—A trifecta of benefits can be found in the latest East Dallas senior housing project. Simpson Place is not only an affordable assisted living facility, but a job creator and an international investment vehicle.
The facility located at the intersection of Simpson Street and North Hill Avenue is now open, according to Civitas Capital Group. The $15 million, 150-unit affordable assisted living facility has more than 95,000 square feet of space.
“Simpson Place is a win-win-win. It provides low-income Dallas seniors with a chance to remain near family, friends and familiar support systems as they age. It creates new jobs in the community and it offers economic benefits to the businesses and municipal organizations that provided financing,” said Karl Zavitkovsky, director of the office of economic development for the city of Dallas.
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Lisa Brown
Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.
