Heartis Amarillo Construction Begins
Healthcare real estate firm Caddis Partners starts work on 89-unit assisted living and memory care center, set to open in fall 2014
Nov. 12, 2013 AMARILLO, Texas, – Construction has begun on the 89-unit, 63,094 square foot Heartis Amarillo, an assisted living and memory care community, on Research St. north of Wallace Blvd. in Amarillo.
Heartis Amarillo will feature 54 assisted living suites; a dedicated 35-bed memory care unit with an innovative “Main Street” streetscape including a theater, ‘50s-style diner, arts and crafts shop, and garage; three interior courtyards, including one dedicated to memory care; daily specialized programming; 24-hour licensed caregivers; a wide variety of amenities; and high quality Class A finishes – all delivered in a warm, nurturing, home-like environment.
The community is being developed and will be owned by healthcare real estate firm Caddis Partners, LLC and managed by Eugene, Ore.-based Good Neighbor Care, which has a long history of managing seniors communities across the country.
“The design of the memory care neighborhood will help support the unique therapeutic approach we provide our residents,” says Tammy Mann, an RN and Senior Operations Specialist with Good Neighbor Care. “The community will include many innovative features, including a beautiful interior ‘Main Street’ that allows residents to feel more comfortable in a familiar environment that encourages them to connect with their surroundings, other residents, staff and visitors. This will be the only senior community in the area featuring a memory care Main Street.”
The community will be located on a 4.59-acre site adjacent to the Coffee Memorial Blood Center, less than a mile from the 426-bed Northwest Texas Hospital and the 406-bed Baptist St. Anthony’s hospital and just south of Texas Tech University Health Science Center’s Amarillo Campus.
“This area has a vibrant economy and is a regional medical hub, drawing people from Colorado, Kansas, Oklahoma, New Mexico and throughout the panhandle to receive high-quality healthcare services,” says Caddis Partners CEO and Partner Jason L. Signor. “It’s the perfect location for our next Heartis community, which will provide seniors with the type of personalized care they need in an enjoyable enriching environment.”
“We have been impressed by the continued growth prospects of Amarillo and we want to provide a new and vibrant solution to meet the increasing needs of seniors and their families seeking premium assisted living and memory care services,” says Caddis Executive Vice President and Partner Matt Mattox. “We are excited about entering markets that are underserved and introducing services that no one else offers such as our memory care Main Street.”
The architect for Heartis Amarillo is Austin, Texas-based KATUS and the general contractor is MAPP Construction. Financing is being provided by Amegy Bank. The community is expected to be completed in the fall of 2014.
Caddis Partners recently announced its expansion into the senior living segment and the launch of the new name Heartis, which plays off the saying, “Home is where the heart is.” The Heartis logo also includes periods after the words “Seniors” and “Living” to convey that in the new communities, seniors will be living rich, full lives. Caddis also recently began developing senior communities in other Texas cities, including Heartis Cleburne south of Fort Worth and Heartis Eagle Mountain on the north side of Fort Worth near Eagle Mountain Lake. In addition, the company has seven more communities in various stages of development and a goal of opening a total of 10 to 12 during the next 18 months.
Caddis Partners LLC, a Dallas-based healthcare real estate firm, recently launched the Heartis senior living brand to reflect its mission of helping seniors live life to the fullest. Caddis is currently developing and will own Heartis assisted living and memory communities, including Heartis Conroe; Heartis Cleburne in the south Fort Worth, Texas, suburb of Cleburne; and Heartis Eagle Mountain, which will be located north of Fort Worth. Heartis communities provide high-quality, high-value services, programming and amenities; on-site personalized support; and inviting, caring home-like environments. For more information, please visit www.Heartis.com.
About Caddis Partners
Caddis Partners, LLC is a Dallas‐based real estate development, management and investment firm focused exclusively on healthcare real estate. The firm is comprised of experienced real estate professionals across various disciplines that provide clients with expertise in development, acquisition, financing, construction management, leasing, tenant representation, property management and accounting. Since its inception, Caddis has developed or acquired over one million square feet of medical assets valued in excess of $350 million. For more information about Caddis Partners, please visit www.CaddisPartners.com.
About Good Neighbor Care
With more than 20 years of experience providing quality care to seniors, Good Neighbor Care manages senior communities, including independent living apartments and assisted living and memory care communities, in Texas and seven other states. Residents benefit from a variety of special amenities; meaningful, stimulating activities; and a warm, welcoming environment that captures the spirit of community. For additional information, please visit www.goodneighbor.com.