THE WOODLANDS, TX – (September 25, 2008) – Houston-based developer Bridgewood Property Company has purchased a 2.66-acre site overlooking The Woodlands Waterway® for construction of The Village of The Woodlands, a senior living rental residential community offering both independent and assisted living apartments, according to Dan Leverett, vice president of commercial for The Woodlands Development Company (TWDC).
Located at the southwest corner of Grogan’s Mill Road and Lake Robbins Drive on The Waterway, The Village of The Woodlands will contain 188 units and approximately 250,000 square feet. Construction is scheduled to begin in the spring of 2009 with completion expected by fall of 2010.
Common areas of the building will include a dining room overlooking The Waterway, a living room, library, bridge room, theater and fitness center with indoor pool. Other amenities and services offered to residents will include flexible meal programs; controlled access parking; scheduled activities, events and transportation; a billiards room; computer room; 24-hour on-site management; cultural guild programs; landscaped courtyards; and spacious lobbies and seating areas throughout the building.
Studio, one bedroom, one-bedroom plus study and two-bedroom apartments will be offered. The apartments will feature full kitchens with full-sized refrigerator, stove, microwave, dishwasher and garbage disposal. Individual climate controls, stackable washer/dryer, walk-in shower with safety bars and telephone and cable connections are standard. Nine-foot ceilings and mini-blinds throughout, wall-to-wall carpet in living rooms and bedrooms, and tile in kitchens and baths will also be included.
Bridgewood Property Company has developed 2,500 independent living units in six states in the southeast and Midwest U.S. in the past 10 years. According to James Gray, president, the company specializes in creating quality communities for senior adults with experienced, professional, caring staffs and resident programs that stimulate mind and spirit. For more information, visit www.bridgewood.us.
David Marshall and Tim Dosch with ARA represented Bridgewood Property Company, and Greg Jordan, director of commercial sales, represented TWDC.
The Woodlands is a 28,000-acre master-planned community located 27 miles north of downtown Houston. It is a project of The Woodlands Development Company, a limited partnership of Morgan Stanley and General Growth Properties, Inc.
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