DALLAS — Harbert South Bay has announced plans to develop a new luxury senior living community, The Marianne on Inwood, in Dallas.
Upon completion, the property will total 162 units and 294,000 square feet with independent living, assisted living and memory care residences. Amenities at the community will include multiple dining venues, indoor and outdoor pools, a gym, hair salon, media lounge and golf simulator. Momentum Senior Living will act as the operator.
Bozzuto Construction is serving as the general contractor for the project, and Arcadis designed the community. Completion of the project is scheduled for 2027.
MetLife Investment Management is an equity investor in the development. Lenora Capital, the private investment arm of Brighton Jones, is co-general partner, and InterBank is a senior lender.
Since its inception, Harbert South Bay has developed more than 11,000 units of seniors housing across 83 projects in 15 states.
“The fundamentals in seniors housing continue to show overall strength,” said Patrick McGonigle, CEO of Harbert South Bay, in a statement. “We continue to experience leasing velocity and rental rates ahead of projections in our developments. We feel that the time is particularly ripe to execute on new development opportunities.”