This project is the development of a 46-bed Alzheimer’s facility located at the southeast corner of West Road and Wheat Cross Drive in the Cy-Fair area of Houston, TX. The amenities and lifestyle in the area create a solid base bringing people and recognition to Cy-Fair while providing continued residential growth and economic development. Residential growth experienced a strong 60 percent increase over the year 2000 culminating into a population of 522,227 during 2010. The strong income levels in the area are demonstrated by its 2010 median household income of $74,000, approximately 35 percent greater than the median household income of Harris County as a whole.
Development began in November of 2011 and was completed in September of 2012. This, the tenth memory care facility investment sponsored by Silverado, is being developed in a highly favorable supply/demand market. At the time of investment, Cy-Fair had an actual supply of 61 beds with a total projected need of 441 beds. This translated to the market being underserved by more than a seven to one ratio and provided for an excellent investment opportunity.