Hines Partnership Launches Luxury Retirement Community Near River Oaks

A partnership between Houston developer Hines and Denver-based MorningStar Senior Living is opening a mid-rise apartment building in the Upper Kirby area that will provide assisted living and other options for seniors who want to stay at home. proximity to their neighborhoods such as River Oaks, Montrose University, and West.

Scheduled for a grand opening this weekend, the mid-size MorningStar in River Oaks is bringing 112 residences, including 85 assisted living facilities and 27 memory care units, to a new six-story building surrounding a courtyard at 2315 Richmond near from Kirby Drive. The project represents Hines’ first seniors’ community in Houston.

It began in March 2020, at the onset of COVID-19, as part of Hines’ new initiative to partner with best-in-class operators to develop, own and operate retirement homes across the Southwest. western United States. entry into Texas. Founded 18 years ago, Morningstar operates 30 retirement homes in 11 western states.

“It’s really eye-opening when you consider that the number of seniors (75+) will grow by just 50% in the next 10 years in the United States, and double in 20 years,” John said. Mooz, senior managing director of Hines. “They want and deserve good places to live. That’s why Hines jumped into this space with a lot of purpose to get it right.

Monthly rents range from $5,850 to $9,300, plus a one-time community fee of $5,000 for individuals or $6,000 for couples, depending on developers.

The lobby looks like an upscale hotel or resort with a grand piano, fireplace, bookshelves, and seating areas. A bistro for coffee and breakfast provides another gathering space, which sits next to a theater room. A restaurant with limestone walls and 20-foot floor-to-ceiling windows overlooks a courtyard with a fire pit and barbecue grills.

Residential suites, ranging from around 400 to 1,100 square feet, include washers and dryers, kitchenettes, and appliances.

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Each floor has common areas where residents can congregate. They also have access to a fitness center, salon and spa, art studio, and club room to watch games, take part in cooking classes, or host happy hours. A panoramic terrace on the sixth floor offers a view of the city center.

“I like to call it a very active cruise ship,” said Ken Jaeger, CEO of MorningStar. “The days of coming just to play bingo are over. We want a variety of activities.

Next, Hines and partner Watermark Retirement Communities, based in Tuscon, are nearing completion on another seniors’ community in the Heights area.

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