LCS, Harrison Street, Ryan Cos. Break Ground on $50M Community Near Nashville

BELLEVUE, Tenn. — LCS, Harrison Street Real Estate Capital and Ryan Cos. US Inc. have broken ground on Clarendale at Bellevue Place, a 195-unit independent living, assisted living and memory care community in the Nashville suburb of Bellevue.

The community will feature 113 independent living units, 44 assisted living units amd 38 memory care units. Development costs are estimated at $50 million.

This is the second Nashville-area seniors housing development for the joint venture. The property is one of the final parcels to be developed in the One Bellevue Place mixed-use development. Construction is slated for completion in November 2019.

Terry Smith and Henry Trost of Avison Young represented Ryan Cos. in the acquisition of the land.