Tag Archives: Retirement Community

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

The Village on Morehead Opens in Charlotte, NC

Charlotte, NC – April. 25, 2024 – The Aspenwood Company, a senior living hospitality firm announced today that its new senior residential community, The Village on Morehead, a luxury retirement rental development, has opened and is welcoming new members to the 12-story building. Located at 727 East Morehead, The Village on Morehead is situated adjacent to the Queen City’s heritage neighborhoods of Eastover, Myers Park and Dilworth. Featuring 192 well-appointed units and spacious Penthouses located close to all the city has to offer.

Looking over the verdant treetops of Charlotte, The Village on Morehead represents Aspenwood’s distinctive quality and signature senior footprint. The project, featuring resort-style services and amenities, is refreshing with its light-filled public spaces, luxuriously sized residences close to the city’s best dining, shopping, cultural and medical institutions.

“We spent three years researching the optimum location to build The Village on Morehead,” said James Gray, Founder and CEO of The Aspenwood Company. “With the ever-increasing demand for luxury residential, services and amenities that seniors have on their “must-have-list,” we knew that LOCAL was a primary requirement. Already we are seeing people who live in the surrounding neighborhoods leasing units so they can stay close to family & friends, places of worship, doctors, favorite restaurants and shopping. Our building offers the best of both worlds – a sophisticated environment with a location that is regarded as one of the best in this wonderful city.”

The Village on Morehead features 19 floor plans that range from one to three-bedrooms with a den to Penthouses with more than 2,000 square feet of living space. High ceilings, floor-to-ceiling windows, designer kitchens, walk-in closets and well-appointed finishes are just a few of the extraordinary details. Each residence has large balconies accessed through glass doors that allow for inside out living. The common areas have been decorated with a blend of contemporary furnishings, crisp coastal colors and designer accents.

The centerpiece to the building is a large outdoor terrace which includes a meticulously landscaped private park with access to drink service and dining, bocce court, outdoor kitchen and living room, perfect for residents and their guests to enjoy with Charlotte’s temperate climate.

Live Life Well®

New residents at The Village on Morehead will enjoy chef-driven dining with multiple venues which include The Morehead Grille serving breakfast, lunch & dinner, Cashiers Café featuring sandwiches, salads, paninis & other light fare, and the Cardinal Lounge, a full-service bar with cocktails and curated wine list.

Amenities include personalized concierge services, private chauffer, valet, secure garage access, modern gym, indoor pool, emergency response system and associates on property 24/7 to respond to resident’s needs.

The Village on Morehead

Rental

Number of Units 192

Size of units 800 – 2,128 square feet

Architect/Contractor

BB + M Architecture / Choate Construction

The Village on Morehead Website

ABOUT ASPENWOOD

The Aspenwood Company is a Houston-based senior living hospitality firm providing retirement living including Independent Living, assisted living and memory care services. The company currently operates 20 communities across Texas, Arkansas and North Carolina, with an upcoming expansion slated for a new community in Nashville, Tennessee. Each location is thoughtfully planned with the singular objective of promoting the health and well-being of residents and their families. Aspenwood was recognized in the prestigious 2023 Best Workplaces for Aging Services in the United States for the fourth consecutive year. For more information, visit theaspenwoodcompany.com.

 

Bridgewood and Harrison Street Break Ground on Luxury Senior Living Community in Charlotte, North Carolina

CHARLOTTE, NC & CHICAGO, IL – Bridgewood Property Company (Bridgewood), a national developer of luxury senior living properties, along with Harrison Street, a leading investment management firm exclusively focused on alternative real assets, today announced the groundbreaking at The Village on Morehead, a luxury senior living community in Charlotte, North Carolina. The project is scheduled for completion in Fall 2023.

The Village on Morehead, located at 727 E. Morehead, proximate to the Dilworth, Eastover, and Myers Park neighborhoods, will offer 192 high-end independent living apartments for seniors. In addition to providing living spaces with top-of-the-line amenities, the community has been designed to cater to a unique lifestyle with several refined as well as casual dining options, a cinema, fitness center, indoor pool, lecture hall, and stately card, living and library rooms throughout the community. The community will offer both independent living and assisted living services to residents.

Nestled in the heart of one of Charlotte’s most storied neighborhoods and nearby cultural offerings, the community will feature an array of events including guest lecture series and wellness activities, as well as social outings utilizing the community’s luxury transportation options available to residents.  The community is conveniently located near Charlotte’s top hospital systems and medical offices.

“A site on East Morehead is an ideal location for our newest community.  Our team devotes a lot of time locating the right site which offers access and convenience to longtime residents of the surrounding neighborhoods of Charlotte.  We love that our residents can continue doing everything they have always enjoyed about their neighborhoods- be it visiting friends, families, attending religious services, or shopping while residing at The Village on Morehead.  Our community team and staff take pride in providing top notch hospitality and service, allowing all residents to LIVE LIFE WELL®”, Bridgewood founder, James Gray, said of the project.

Michael Gordon, Global Chief Investment Officer at Harrison Street, added, “Bridgewood is a seasoned developer with an extensive track record developing and managing premier senior living communities and Harrison Street is pleased to continue our partnership in Charlotte. We look forward to working closely with Bridgewood to deliver premium senior living accommodations with first-class amenities attractive to residents in an energetic city supported by strong demographics.”

The Village on Morehead has been designed by local architectural firm, BB+M, in conjunction with Charlotte based civil engineering firm, LandDesign. Choate Construction will be overseeing the construction as the project’s general contractor. Bridgewood specializes in the development of luxury infill senior living communities and is known for its longstanding track record of successful projects across the Central and Southeastern United States. Harrison Street has been a leading investor in the alternative real asset space since its inception 15 years ago. Bridgewood and Harrison Street have developed and acquired 21 properties together over the past decade. The community will be operated by Bridgewood’s longstanding operating partner, The Aspenwood Company.

To learn more about The Village on Morehead or make an inquiry about joining the priority reservation list, please visit villageonmorehead.com or contact info@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 its residents to remain close to their beloved neighborhoods, families, friends, and places of worship.

About Harrison Street

Harrison Street is one of the leading investment management firms exclusively focused on alternative real assets. Since inception in 2005, the firm has created a series of differentiated investment solutions focused on demographic-driven, needs-based assets. The firm has invested across senior housing, student housing, healthcare delivery, life sciences and storage real estate as well as social and utility infrastructure. Headquartered in Chicago with offices in London and Toronto, the firm has more than 195-employees and approximately $36 billion in assets under management. Clients of the firm include a global institutional investor base domiciled in North America, Europe, Middle East, Asia and Latin America. Harrison Street has been awarded Best Places to Work by Pensions & Investments for the last seven consecutive years and was named 2020 Global Alternatives Investor of the Year by PERE. For more information, please visit www.harrisonst.com.   

About The Aspenwood Company
The Aspenwood Company is a Houston-based senior living hospitality firm providing independent living, assisted living and memory care services. The company currently operates communities across Texas, Arkansas and North Carolina, with an upcoming expansion slated for a new community in Nashville, Tennessee. Each location is thoughtfully planned with the singular objective of promoting the health and well-being of residents and their families. For more information, visit theaspenwoodcompany.com.

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.