7
May
The Grove to Include New Upscale Senior Living Facility
Story by: Stephanie Riegel | Business Report
A Mississippi-based company is planning an upscale senior living development on 8.5 acres within The Grove, Richard Carmouche’s planned unit development located just off Interstate 10 behind the Mall of Louisiana.
The Blake at The Grove, as the development will be called, will consist of 213 units of independent living, assisted living and memory care. It will also include a community center, pool and fitness center, and maintenance building with associated parking. Cardinal Ventures of Richland is developing the project and filed a final development plan earlier today with the local Planning Commission.
The commercial and residential development within The Grove—which so far includes a completed mixed-use development called The High Grove and has a second, mixed-use development called The Addison under construction—was a big draw for Cardinal Ventures, according to company Vice President Harrison Young. The company has a full or partial ownership stake in 10 senior living developments throughout the southeast and typically seeks out planned communities like The Grove in which to develop its facilities.
“We try to locate in TNDs or mixed-use developments whenever we can,” Young says. “We like to be in vibrant, active environments to draw our residents out of the facility and into the community.”
Young says there aren’t many comparable facilities in the Baton Rouge market. This will be Cardinal’s first project here. It has an affiliated company that owns and operates an upscale senior living community in Lafayette called The Blake at Lafayette.
Read the full story at www.businessreport.com.