LEAGUE CITY, Texas — Ryan Cos., Grand Living Management and Bow River Capital have formed a joint venture for construction of Grand Living at Tuscan Lakes in League City. The 186-unit, luxury senior living community will be part of Tuscan Lakes, a Johnson Development master-planned community located in the southeast area of greater Houston.
The 75 and older demographic is expected to grow 26.6%, more than triple the total population growth in the area between 2019 and 2024, according to Moore Diversified Services.
“Grand Living at Tuscan Lakes will be the only age-in-community option in the area, which will allow residents to remain in their home, even as their healthcare needs change,” says Eric Anderson, senior vice president of senior living development at Ryan Cos.
Grand Living at Tuscan Lakes will be a 211,805-square-foot, four-story building with 148 independent and assisted living units and 38 memory care units.
Ryan Architecture + Engineering is the design architect for this project. Bank of the West acted as lender. Upon completion in spring 2023, Grand Living Management will oversee day-to-day operations and Bow River will provide asset management services.