11-8-2019 – Work begins on new retirement option

Posted on: November 8th, 2019 by admin

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November 8, 2019

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By Virginia Annable
vannable@
newstopicnews.com

 

 

Nov 08, 2019 12:00 AM

 

For the first time in 20 years, Caldwell County is getting a new assisted living facility, and it is expected to be completed by the end of next year.

 

Thursday, about 100 people came out to the groundbreaking ceremony for Grace Village, off Riverbend Drive behind the Walmart in Granite Falls. The developers have outlined plans for the facility to be the first step toward developing a full retirement community, including “independent living” apartments and a gated housing development.

 

Caldwell County Commissioner Randy Church called the moment “historic.”

 

“This group of investors had a vision,” he said. “This vision is becoming a reality.”

 

The $12 million, 78-bed assisted living facility and memory care unit is being developed by Spartan Holdings and managed by Tullock Management Company. This first phase is expected to take a year to build. After that, there are plans to build apartments and condomiums for more independent seniors, developer Jim Martin said. The final investment could be around $60 million over about five years.

 

Martin said the project has been in development for years, since Brett Waters, one of the developers who is from Caldwell County, urged partners Hamilton Ward and Rodney Worley, another Caldwell native, to consider the area, which has an aging population and is in need of housing.

 

The project not only brings in new investment but also new construction, which will bring hundreds of construction jobs, said Deborah Murray, the executive director of the Caldwell County Economic Development Commission.

 

The eventual development of an entire retirement community would be spread across a scenic 62-acres of tall trees — a picture-perfect location, Granite Falls Mayor Barry Hayes said.

 

“To sort of paraphrase Mr. Rogers, it’s a beautiful place for a neighborhood,” he said.

 

Reporter Virginia Annable can be reached at 828-610-8724.

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