PMRG Purchases Plot for $40M Community Near Dallas

MCKINNEY, Texas — PMRG has acquired a plot of land in the Dallas suburb of McKinney for the development of Hidden Springs, a 200-unit independent living, assisted living and memory care community.

The 215,000-square-foot community is scheduled for completion in July 2019. Development costs were estimated at $40 million. The property will feature 132 independent living units, 40 assisted living units and 28 memory care units.

Headquartered in Houston, PMRG is a full-service commercial real estate firm, offering property services, development and acquisitions. The company’s portfolio spans 30 markets and includes commercial office buildings, mixed-use centers, corporate headquarters, industrial buildings, medical facilities, high-rise multifamily buildings and re-appropriated military facilities.