Nexus Development Announces $150M Turtle Creek High Rise for Senior Citizens
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Staff Reports
Another day, another high-rise apartment tower — but this one is different. A site plan for the project at the corner of Turtle Creek Boulevard and Fairmount Street shows units for the high-demand senior citizens’ community.
This project is one of several high-rise residential towers in development in Turtle Creek. After this property at 2505 Turtle Creek Blvd. changed hands a few times and went through several iterations, Nexus Development Corp. bought it in 2022 and told The Dallas Morning News this month that construction is set to begin in October. Soon, The Vivante at Turtle Creek will be a 20-story assisted living building with two levels of underground parking.
The development will include 164 assisted living units and 29 memory care units, Nick Wooten of the DMN reported on Aug. 5.
California-based Nexus Development Corp. is estimating construction costs of about $150 million and has hired Dallas-based HKS Inc. as the architect.
The one-acre property was once owned by a Canadian developer who obtained zoning to build a $225 million, 20-story luxury condo building there on the vacant corner.
Back in 2019, Dave Perry-Miller agent Katye Sloan told CandysDirt.com that the proposed development at 2505 Turtle Creek was among the most satisfying projects she worked on despite the fact that developers put it on hold.
“The high-rise market is not saturated, particularly at the luxury price point,” Sloan said at the time. “The people buying them are not just migrants from both coasts accustomed to that type of living. There are also lots of empty-nesters who kind of see that as their next step.”
Siobhan Farvardin, the Global Practice Director of Senior Living at HKS, said in the DMN report that the units will feel like condos.
“It’s probably the first of its kind in the Dallas metroplex,” she said. “It’s more intergenerational. They’ll have a bowling lounge that’s really focused on bringing in grandchildren and adult children to the community. … It’s very unique to the state.”
A Nexus representative said the tower is expected to open in early 2027, according to the report.
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LOOKOUT neighbors,
The City of Dallas allows the developers to ignore building codes that will affect you. The developer of the Anthology of Highland Park, really in Dallas,, has made my property next door uninhabitable due to the black soot from their enormous generator they placed at the fence line, under my windows and doors not according to building code, but ignored building code. They and the City of Dallas would not listen to reason. They do not care , they only care of money.
It was cheaper to harm me, my property, and my tenants than place this in an appropriate location out of our faces.
This is a great idea. Hope they have some affordable units.