MCKINNEY, TX—North Texas' population growth has been created by the concentration of multiple corporate headquarters. In addition, there has been more than $5 billion in capital invested along the Dallas North Tollway.
As a result of this demand, Houston-based PMRG acquired land for the development of a 215,000-square-foot 200-unit senior living facility named Hidden Springs. The community is to be located just north of the Sam Rayburn Tollway, off of Stacy at Ridge Road.
With initial occupancy anticipated in July 2019, the approximately $40 million development will include 132 rental units of independent living, 40 assisted living units and 28 residential units for memory care.
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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.
