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$16M Seniors Housing Project Ready to Start

FORT WORTH-Work could begin as early as next week on the 237-unit Hulen Bend Apartments, the first new project in a decade in the Fort Worth neighborhood. It's the second such project for Texas Affordable Communities, which is eyeing six for 2003.

By Connie Gore | Updated on December 03, 2002

FORT WORTH-A Dallas developer could break ground as early as next week on 237 units of seniors housing after waiting for a green light for more than a year. What is certain is that the $16-million Hulen Bend project kicks off before the calendar flips.

Tony Sisk, president of Texas Affordable Communities, has closed on 9.91 acres as the final step before construction. The past year has been tied up securing the necessary tax credits and finalizing plans for the project. With everything now in place, the land along Old Granbury Road in the southwest sector of Fort Worth has been bought from Centex Homes of California II LLC. The landowner of record is MAEDC Hulen Bend Senior Community LP.

The complex, geared to seniors 55 years and older, is the first multifamily project to rise in a decade in the Hulen Bend neighborhood, Robert Stone of Henry S. Miller Commercial tells GlobeSt.com. He represented the MAEDC partnership for the land purchase while Chris Colombe, also with Henry S. Miller Commercial, handled negotiations for the seller.

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