CORPUS CHRISTI, Texas — Titan Senior Living, a San Antonio-based developer, has broken ground on Élan: A Senior Lifestyle, a 109-unit assisted living and memory care community in Corpus Christi.
Civitas Senior Living, a Fort Worth-based operator, will manage Élan once completed. The community will sit on a five-acre site and include 77 assisted living units and 32 memory care units in a three-story building. The project is scheduled to open in summer 2018.
Development costs were not disclosed, but Cushman & Wakefield arranged $15.2 million in construction financing for the project. A Texas-based regional bank provided the capital. Aaron Rosenzweig, Richard Swartz, Jay Wagner and Sam Dylag led the Cushman & Wakefield team in arranging the loan.
Reid & Associates of Texas is the general contractor.