The companies behind the proposed Waterstone of Baton Rouge senior care facility bought the 4.5-acre property on Siegen Lane on Thursday, paving the way for the project to move forward.
Simmons-Lockard 29 Property Company LLC, the development company building Waterstone, paid $2 million to Seventeen Eighteen Brightside LLC, represented by Kevin Nguyen, for the property on Siegen.
The Siegen Lane senior care facility will be a joint venture between Iowa-based Simmons-Lockard and Concordis Senior Living, a Florida regional senior care company, says John Flint, executive vice president with Lockard Development Company. Simmons-Lockard is a joint venture between Lockard Development Company and senior living facility expert Dan Simmons. Lockard Construction is the main contractor for the facility, and local subcontractors will be brought in to help, Flint adds.
Concordis Senior Living received approval from the Metro Council last fall for the two-story, 120-unit facility.
Flint says they will be submitting construction plans to the city-parish next week and hope to begin work in May or June. Construction is expected to take about 14 months with an anticipated opening in the summer of 2017. Concordis CEO Travis Watkins says the company will hire more than 90 employees to work at the facility, adding it hopes to hire as many local residents as possible.
The center will be broken up into two sections—one with 76 designated for assisted living and 44 apartments in two secure neighborhoods within the development for patients with memory impairments.
The property will also include a fitness center, salon, spa, putting green, media center, theater, business office, restaurant style dining, Wi-Fi throughout the community, a bistro and a pub. Charlie Colvin with Beau Box Commercial Real Estate represented Nguyen and Chad Rigby with Stream Realty represented the buyer.
The property is located between Highland and Perkins roads, and no physical address has been given. A map of the location attached to the sale documents shows the property is located between an office center and subdivision, and abuts the Windermere Subdivision at the rear of the property.
—Ryan Broussard
