Tradition Senior Living Expands Prestonwood Property with Assisted Living, Memory Care
- Jul 02, 2014
By Liviu Oltean, Associate Editor
North Dallas will be home to a new four-story assisted living and memory care building through the initiative of Tradition Senior Living L.P. The project represents an expansion of the current Tradition-Prestonwood, which opened in 2010, and entails the development of 75 assisted living and 38 memory care apartments.
Expected to open in May 2015, the 138,000-square-foot expansion will be aligned with the luxurious amenities of the original Tradition-Prestonwood: a rental community with no buy-in fee, reserved parking, beautiful interiors filled with antiques and abundant light, a state-of-the-art fitness center and an indoor pool and spa. “We are very pleased to offer this addition to our existing independent living community at Prestonwood, which can now provide a continuum of care options to our residents and to the people of Dallas,” said CEO Jonathan Pearlman in an official statement.
Tradition Senior Living is also close to finishing another luxury senior living facility, The Tradition – Lovers Lane. The project, situated on a 7.5-acre site near Central Market, encompasses 202 units designed for independent living and 109 for assisted living and memory care. With the recent expansion, the Dallas-based company has approximately 420 senior living apartments under construction in the region.
For more information on senior living projects in Dallas, see MHN’s report on the new Amish Gupta Ventures project, a 120,000-square-foot senior community that will be developed near Texas State Highway 121 and Creek Valley Boulevard in Carrollton.
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