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The 20-story Vivante Turtle Creek senior living facility secured a $180M construction loan from Dallas-based Beal Bank and raised the necessary equity from private investors in Texas, California and more.
The tower will be developed by Nexus Cos. in the heart of Dallas’ Turtle Creek neighborhood. Vivante will be Nexus’ first foray into the North Texas market.
“We designed Vivante to feel like private condo-style residences for seniors with abundant amenities and activities, while also offering personalized medical support and assistance,” Nexus CEO Curt Olson said in a statement. “Our concept has proved very successful in Orange County’s city of Newport Beach and we are looking forward to providing our unique community in Dallas.”