Tag Archives: Assisted Living

Developer reacquires senior living projects in Heights, Meyerland

[Houston Chronicle / Written by Katherine Feser – Published December 14, 2024]

Houston-based Bridgewood Property Co. has regained ownership of two senior living properties it developed in Houston and plans renovations to both.

The company announced the acquisition of the Village of the Heights, a 103-unitproperty at 1407 Studewood in 2015, and the Village of Meyerland, a 125-unit property at 4141 N. Braeswood built in 2013. The properties, which provide independent, assisted and memory care residences, were purchased from a national life insurance company that was ready to exit its investment. Terms were not disclosed.
“These communities represent the cornerstone of our vision for premium senior living, ”said Jim Gray, president of Bridgewood. “We’re excited to build upon their success and enhance the resident experience through significant investments in both properties.”

Bridgewood typically develops projects in established neighborhoods where residents can stay close to their churches, shopping and families. Developments include the Village of Tanglewood and the more recently built Village of Southampton near Rice Village.

Planned updates to the communities include new furnishings and decor, paint, carpet and lighting along with exterior paint. The generators will be upgraded to power the entire buildings, including residential units, when there’s an outage.

The transition should be fairly seamless to residents as the company’s property management affiliate will continue to manage the properties.

“There should be no impact to them day to day other than a nice new refreshed look when it’s said and done,” said Alex Pichon, managing director for Bridgewood.

Bridgewood has developed more than 5,100 senior living residences in the southeasternU.S. The company has current portfolio of 20 properties, including eight in Houston andothers in Dallas, Austin, Arkansas, North Carolina and Tennessee.

Published
Dec 14, 2024

Katherine Feser, Reporter / Researcher

Houston Chronicle

https://www.houstonchronicle.com/business/real-estate/article/senior-living-heights-meyerland-19976324.php

Bridgewood Purchases Land in Green Hills for Luxury Senior Living Community

NASHVILLE, TN – Bridgewood Property Company (Bridgewood), a national developer of high-end senior living properties, announces the acquisition of 3808 Cleghorn Avenue in the heart of Green Hills for the development of a mid-rise, luxury retirement community. The new Bridgewood community in Green Hills will offer independent living, assisted living, and memory care to its residents and will be located conveniently to the neighborhoods of Belle Meade, Forest Hills, and Hillwood.

Two local, Nashville-based, design firms were selected for the project given their track record of success and capabilities across the United States. ESa has been engaged as the project architect and Catalyst Design Group will provide civil engineer services.

With guidance from zoning counsel, Tune, Entrekin & White, PC, and input from the Metropolitan Planning Department and local neighborhood groups, the property received zoning approval in February 2021 to build 205 senior living units within a 12-story facility.

To learn more about this project, please contact info@bridgewood.us. Other Bridgewood developments may be found on its website, www.bridgewood.us.

 

About Bridgewood Property Company

Bridgewood is based in Houston, Texas and has exclusively developed and operated senior living properties across the central-southern United States for the past 25 years. Bridgewood prides itself in developing award-winning communities in carefully selected mature markets which enable residents to remain close to their beloved neighborhoods, families, friends and places of worship.