Friday, February 05, 2016

Construction begins on Midtown Park senior living development in North Dallas

A development group — US Freedom Capital and OnPointe Health Development — started construction Wednesday on a new senior living community in Midtown Park in North Dallas.

The 77,132-square-foot, three-story campus will sit at 8160 Meadow Road near Manderville Lane is in proximity to Texas Health Presbyterian Dallas hospital.

In all, the project, called Adora Midtown Park, will bring 109 skilled nursing and assisted living suites to this part of the city upon completion.

The senior-living community will have hospitality-style facilities that will give discriminating residents an unmatched level of transitional post-acute care and senior living suites, said US Freedom Capital Principal David Gunderson.

Adora Midtown Park was funding by foreign investors from Saudi Arabia, Canada, Brazil and India that are seeking U.S. residency through the EB-5 investor visa program. The new development will create more than 290 jobs.

US Freedom Capital and OnPointe Health provided bridge capital to help the project quickly launch as investors go through the immigration process.

Link to full article here

By Candace Carlisle for Dallas Business Journal