With a rapidly expanding senior population in Denton County, a new developer hopes to make a difference with a new senior living community that is set to open in April 2015.
SRP Medical will construct an 84,000-square-foot community with 75 assisted-living residences and 32 apartments for residents who need memory support, said Scott Wilson, founding partner and managing principal of SRP.
“[Denton] has been a strong draw for us,” he said. “We like to take our time and make sure we understand the dynamics of the community, deepen our relationships across the board and do our homework to make sure there’s a need and adequate demand, and we really think the timing is perfect for a new high-class senior living project in Denton.”
Projections by the North Central Texas Area Agency on Aging estimate that in the next 10 years, the percentage of people more than 60 years old in Denton County will grow by 95.7 percent, and the percentage of those 85 and older will more than double.
“As the demographic data indicates, there’s going to be a need in the next decade, and well beyond that, for housing options that are independent, as well as those that provide long-term services and support,” said Doni Green, director of the agency.
SRP Medical studied these numbers and conducted their own surveys to make sure they were filling the right needs of the market, Wilson said.
“We recognized the trend demographics of the aging population and people wanting the highest quality of care possible, whether it’s assisted living or memory care,” he said. “In markets like Denton, we believe the communities are under-served. There’s a lot of activity in the space now, but we feel there’s a strong demand.”
While Wilson says the development will have studio, one-bedroom and two-bedroom apartments with high-end features such as granite countertops, he said the units are also value-oriented and will be priced based on the local market.
It is also tailored for older adults who need some level of assistance but still want to have an active lifestyle, he said. The community will feature a library, coffee bar, recreation rooms and outdoor spaces as well as several activities for residents.
“Assisted living is for active seniors that want to have a very full experience still — not all are frail or are in acute care,” Wilson said. “It’s going to have a great country club-type atmosphere inside that is very warm, very inviting and feels like a high-end home or country club.”
There will be a nurse on staff and staff focused on the coordination of proper care. The facility will provide all meals and coordination of medical services in addition to the entertainment and community engagement opportunities, such as volunteer work.
The memory care apartments will be a little different, Wilson said. The 32 units will be in a different section of the complex and have more specialized care and activities for residents with Alzheimer’s disease or dementia.
“It’s a more secure and safe environment, and the activities for memory care residents are focused on engaging them in the best possible way and promoting the healthiest environment,” Wilson said. “It will be one that hopefully provides the slowest decline in memory and overall functioning as possible.”
Construction on the facility is set to begin in May near the Denton Regional Medical Center, with an anticipated opening by April 2015, he said.
“I think what will really set us apart is the care that our residents will receive,” Wilson said. “By far what we are most focused on is the resident care, and what the resident’s experience on a day-to-day basis is as well as their family experience.”
JENNA DUNCAN can be reached at 940-566-6889 and via Twitter at @JennaFDuncan.