One of the biggest homebuilders in the Richmond area has added to its assisted-living portfolio with the purchase of a stalled project in western Henrico County.
HHHunt purchased the property at 10601 Barbara Lane earlier this week through federal bankruptcy court. It plans to complete construction and open the facility in December or January as Spring Arbor Cottages of Richmond.
“This really is a nice complement to our current portfolio,” said Rich Williams, HHHunt’s senior vice president of senior living management.
The facility was built for memory care, catering particularly to patients with dementia, including Alzheimer’s. Consisting of three buildings or small houses, with a circular design, it has 16 apartments in each building and private bathrooms for residents.
The design of the facility was especially appealing to Henrico-based HHHunt. They provide memory care services in that small-house model that enables them to provide a totally different service that’s unique to the industry.
Spring Arbor, HHHunt’s senior living division, has another senior living facility about 2 miles from the Spring Arbor Cottages of Richmond. Having this small-house campus right around the corner really expands their platform.