80-acre, masterplanned senior living community to break ground in 2020
The Touchmark at Emerald Lake, an 80-acre senior living community, is slated to break ground in McKinney in 2020, making it the 14th location for the company.
With 13 other locations in nine states and Canada, Touchmark has been expanding since its founding in 1980.
The McKinney venture will be executed in two phases, set for completion in 2022, and will offer about 390 homes for retirees more than 55 years old, according to a news release.
Touchmark CEO Marcus Breuer said the company decided to open a location in McKinney based on word-of-mouth in an organic way.
He added that Kendra Lackey, president of Touchmark Development and Construction, went to high school in McKinney, and a few other Touchmark employees were familiar with the area.
“Our company has had history for seeking out locations like McKinney. And what we like are medium sized towns that have a great story and great reason to be there…rather than being a suburb of Dallas, it’s got its own character,” he said. “Those are the towns we like to be in. They’re different from being a small town and different than being a suburb.
He added they chose the specific plot of land because of the lake, its location on a hill and its proximity to Baylor University Medical Center and Downtown.
The community will offer restaurants, a lakeside pavilion, a lawn for live concerts and private courtyards, among other things.
There will also be a fitness and health club open to membership for any folks ove 50 years old. Breuer said the gym offers classes tailored toward a senior demographic, such as aquatic and low impact courses and instructors who teach for Parkinson’s disease.
Touchmark, an Oregon-based company, utilized civil engineering firm Kimley-Horn, along with Dallas-based Three Living Architecture and Talley Associates for the masterplan and landscape design.
The company hasn’t chosen a general contractor yet, but Breuer said they intend to hire locally.
The facility will generate $25 million in local economic impact and about 350 jobs, which Breuer said include anything from labor and building to caretaking and dining.
The cost of living at the Touchmark and the cost of the first phase of construction were undisclosed.
“We’ve always been in the senior housing space. It’s a really interesting business model. It takes a lot of the right people to deliver hospitality and care to this demographic,” Breuer said. “We’re just happy that we grew up in this industry and we have a long track record of doing this.”