6/11/2019 – Granite Falls retirement community plans outlined

Posted on: June 12th, 2019 by admin


June 11, 2019



By Guy Lucas


Jun 11, 2019 10:58 AM


Developers hope to begin construction this fall of a new assisted living center in Granite Falls that would be just the first phase of a projected $60 million investment to build a retirement community.


Brett Waters, Jim Martin and Hamilton Ward, three of the principals in Spartan Holdings, presented an outline of their development plans Tuesday to the Caldwell County Economic Development Commission’s board of directors.


Waters said the group envisions a “continuing care community,” where seniors could initially move in and live independently in a house or apartment, then move to assisted living when less able to take care of themselves, and finally to a nursing home if necessary.


The gated development, to be called Grace Village, will be built on what is known locally as the Watson property, a 62-acre tract along Riverbend Road behind the Granite Falls Wal-Mart.


The 78-bed assisted living center will be the first new one built in Caldwell County in 20 years, Waters said. Facilities built in earlier eras had primarily semi-private rooms, but “that’s not where the market is now,” he said. The “vast majority” of rooms at Grace Village will be private rooms.


The facility will include a 24-bed “memory care” unit for residents with dementia.


A minimum of 75 jobs would be created by the facility, mostly for certified nursing assistants, he said.


The developers hope that construction could be complete by April 2021.


The second phase of the development would be construction of two apartment buildings, with the first completed in 2024 and the second in 2026.


Phase three would be the construction of a small neighborhood of patio homes. The current projected schedule shows construction on these finishing by the end of 2027, but Waters said this phase may begin and end more quickly than that schedule.


The final phase, which would require approval by state regulators, would be construction of a nursing home.


Martin said that many of the details of even the assisted living center remain in development as the group researches market trends and what local residents want.


“We’ll get a feel for what the community is looking for,” he said.

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