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LOUISVILLE, Ky. — Texas-based operator Civitas Senior Living and Ohio-based developer Guttman Properties will join forces to develop The Grand of Prospect, a luxury seniors housing community in Louisville.
Development costs are estimated at $20 million for the 168-unit independent living, assisted living and memory care community.
The Grand of Prospect will be located on 14.8 acres. Construction is scheduled to start in the fourth quarter of 2016 for completion in the first quarter of 2018.
Mindel, Scott and Associates Inc. of Louisville will be the civil engineer. pH7 Architects of Columbus, Ohio, will be the architect.
Guttman and Civitas will co-own the property once complete.