Dallas/ Real Estate & Development
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Published on May 28, 2024
Dallas Greenlights Harbert South Bay Partners' High-End Senior Living Center in Highland ParkSource: Google Street View

The Dallas City Council stamped its approval on a zoning change that paves the way for a brand new senior living center on the west side of Highland Park. Harbert South Bay Partners, wielding considerable expertise in senior housing development, is at the helm of this substantial project. Set for construction on the 3700 block of Inwood Road, the complex is projected to have its grand opening by 2026's end.

Currently, the envisioned three-story facility is targeted to usurp the outdated Fairwood apartments, promising a blend of luxury senior accommodations peppered with independent and assisted living options. In a development that was described last year by The Dallas Express, the new community will include amenities such as a parking garage and a spacious internal courtyard among its three acres.

Housing a projected 170 units, this new enterprise by Dallas-based Harbert South Bay Partners not only aims to serve the aging population but also to cater to the heightened demand for senior living spaces in what the company's CEO, Patrick McGonigle, coined as "the wealth to health corridor." According to The Dallas Express, McGonigle emphasized, "There is a great need in this market for luxury senior living with a neighborhood feel."

Statistics from Marcus & Millichap's senior housing report highlight a trend: the Sun Belt is witnessing a surge in senior living demand. Despite a sluggish capital market and high material costs choking development, the firm notes the 75-and-up demographic is ballooning, with expectations to nearly double over the next decade. Strategically located between Dallas Love Field Airport and UT Southwestern Medical Center, the new facility is anticipated to break ground in the first quarter of 2025. Keenly aware of the location's appeal, completed by the end of 2026, the senior living community is expected to be neighbored by Dallas' residential neighborhoods and two substantial healthcare facilities, as per The Dallas Morning News.

With a history spanning 30 years and over 11,000 units under its belt, Harbert South Bay Partners has become a notable figure in the realm of senior living developments. Their latest Dallas venture seems poised to add a significant chapter to the city's ongoing narrative of catering to its elderly population with a touch of luxury and significant attention to their lifestyle needs.

Dallas-Real Estate & Development