A family owned company based in Texas is getting ready to begin development of a $7.75 million memory care-focused assisted living facility at one of the newest intersections in Rogers.
Constant Care Management Co. of Plano, Texas, has received approval from the city for its large-scale development at the northwest corner of West Pleasant Grove Road and the recently extended South Pinnacle Hills Parkway.
Plans include a 36-bed, 28,000-SF facility on 5.06 acres. CCMC acquired the land earlier this year from Missouri-based Great Southern Bank for $655,000, or $2.97 per SF.
The development will be known as Grand Brook Memory Care of Rogers, and construction is being supported by a $5.8 million mortgage arranged through Payne Brewer at Fayetteville-chartered Arvest Bank.
Jacklyn Perry with Keller Williams Market Pro Realty represented CCMC in the land purchase.
“We love the intersection and the way the area is growing, in health care and everything else,” said Chad Anderson, president of CCMC. “We think it’s a great neighborhood for us to be a part of. My family and I vacation up there as much as we can, so we know the area. We think it’s a perfect fit for our size.”
Anderson said construction should begin before the end of August, with a scheduled completion date of early summer 2017. Arrive Architecture Group of Bedford, Texas, is handling the design work and CCMC’s in-house construction division is the contractor.
Anderson said the company would be hiring local subcontractors.
CCMC owns three similar communities in Texas — Garland, McKinney and Grapevine. The company will open another in Allen later this year. Combined, the four developments have 161 beds.
CCMC, Anderson explained, traces the origin of its first property back almost 20 years.
“This is all our family has done for 18 years — assisted living for those living with memory impairment,” he said.
At its height, the business owned 36 communities across the country before eventually cutting back.
“The reason we did that is, as we grew the business, we realized this should be an owner/manager type of situation, with owners on site who can talk to families, who know who we are,” he said.
The Rogers community will have approximately 28 employees staffing two residential-style homes, each approximately 12,000 SF, with 18 beds in each house. The development will also have a multi-use clubhouse of about 4,000 SF that will serve as a café, a chapel, and a salon, in addition to facilitating other activities. It will also include the latest amenities including space for technology-based lifestyles (TV, iPads).
The three buildings will be connected. Each home will face a central park area and will have a courtyard containing a covered patio that wraps the property to encourage outdoor/indoor living.
Anderson said CCMC is partnering on the project with Dallas-based Silverado Interests.
“Our goal is to manage this property long-term,” he added. “In our industry there are acquisitions going on all over the place, and that is not our intention.”