GEORGETOWN, Texas — MedCore Partners based in Dallas-Fort Worth has announced it will build a new resort-style senior living community in Georgetown to be completed in late 2022. MedCore Partners has more than 50 years of experience in healthcare real estate and has spent more than $800 million around the country in healthcare projects. The Georgetown project is projected to cost $85 million and is the first part of a two-phase campus, according to MedCore Partners’ website.
The Hacienda at Georgetown is part of Watermark Retirement Communities and will have 230 units of independent living and assisted living housing on 13 acres. Earth-moving began the first week of November 2020. Rees Architects are the designers for the project, while Studio Six5 of Austin is the interior designer and Pacheco Koch is providing the landscaping.
The Hacienda will be located at the corner of Williams Drive and Del Web Boulevard. Within the complex, there will be 125 independent living units, 81 assisted living apartments and 24 memory care units. An additional 84 independent living apartments will be added in Phase Two.
The community is expected to have “multiple dining venues, a resort pool with cabanas, outdoor restaurant and entertainment pavilion, a wellness concept complete with a spa, salon and fitness center, theater, pub, bistro, walking paths, recreation areas, and more. The primary restaurant, bar, as well as the salon and spa, will be open to the public.”
The project is financed by BOK Financial with LP Equity provided by ACRON USA of Tulsa, Oklahoma.
View a video of what the project is expected to look like. Watermark Retirement Communities is based in Phoenix, Arizona with senior living communities in Austin, Dallas, Fort Worth and Frisco.