CYPRESS, Texas — MedCore Partners and ACRON USA have started the second phase of construction at Spring Cypress Senior Living in Cypress, a northwest suburb of Houston.
Phase I, co-developed with Houston-based The National Realty Group, opened in 2018 and offers 80 units of assisted living and memory care. Phase II represents the addition of 138 active adult and independent living residences to include apartments, cottages, and townhomes, plus a memory care expansion of 12 units.
At completion, the community will contain 230 units of luxury senior living on the 19-acre campus.
Completion of the $93 million project is scheduled for September 2024 with the cottages and townhomes opening in late 2023.
Integral Senior Living, the current operator of Phase I, will manage the new independent living campus addition.
“With the pandemic delaying our start, this project has been a long time in the making,” says Michael Graham, Partner at MedCore.
BOK Bank provided construction financing, and the project is the bank’s third senior living project with MedCore/ACRON. Orcutt Winslow provided the architectural and engineering services, Dallas-based Faulkner Design Group is the interior design firm and Pacheco Koch designed the landscaping.
The project is the fifth ground-up senior living development for Dallas-based MedCore Partners, four of which are in Texas. MedCore has also acquired 16 additional senior living communities in Texas, Arizona, Utah, California, Oregon and Washington.