Provident Resources Group has acquired the 4.36-acre tract in Americana, the 413-acre traditional neighborhood development in Zachary, on which it plans to develop a 90-unit assisted living and memory care community first announced in 2014.
Provident Village at Americana, as the development will be called, will consist of 48 units of assisted living and 42 units of memory care. When completed in summer 2017, it will comprise 68,000 square feet of senior living residences and support facilities.
The total project development budget is estimated at $18 million, including the $1.5 million land acquisition.
Provident Resources Group CEO Steve Hicks says Provident Village will be the first such facility of its kind in the north Baton Rouge area, an area where there is clear demand for the services it will offer.
“We had a market study done to test the demand for a quality, high-end, senior living product in the northern part of the parish, and there is strong demand for assisted living and memory care,” Hicks says. “We will be drawing from a large area and will be reaching over into some of the neighboring parishes as well.”
Though Provident Village will be the first such development for Provident Resources Group in Louisiana, the nonprofit development and asset management company has developed and operates several other senior living facilities around the country and plans at least three others for Louisiana in the future, Hicks says.
Provident Village at Americana joins several other recently announced senior living facilities, including The Phoenix at Jamestown, the Blake at the Grove, and the Garden View at Jones Creek.
—Stephanie Riegel
