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Highland Springs is growing again

North Dallas community responds to increasing demand for senior housing options

Created date

October 27th, 2015
Ground breaking for new residence building
Ground breaking for new residence building

North Texas is booming.

In 2014, Toyota announced it was moving its corporate headquarters from Southern California to Plano, Tex. State Farm began moving workers to its new regional hub in Richardson earlier this year. Liberty Mutual and FedEx Office are following suit, with plans to build corporate offices in West Plano.

The robust economic development is creating a population surge as employees relocate to the North Texas area. The booming population is boosting demand for housing across all sectors of the real estate market, including senior housing options.

Growing once

“We’ve had a consistent stream of prospective residents over the past year,” says Jennifer O’Reilly, sales director at Highland Springs, the Erickson Living community in North Dallas. “The housing market is hot right now, so people who want to move to Highland Springs are selling their homes quickly and for top dollar.”

According to a report from CoreLogic, Inc., the Dallas metro area tops the list of U.S. cities in home price gains. North Texas home prices have been growing at more than twice the long-term average rates throughout 2015.

To accommodate the demand for additional senior housing, Highland Springs opened its fourth residence building, Willow Ridge, earlier this year. Willow Ridge added 99 new apartments to the community.

“We welcomed our first residents to Willow Ridge in April, and the building is already more than 90% sold out,” says O’Reilly. “We also have more than 300 people on our priority list. These are folks who’ve expressed an interest in moving to Highland Springs and put down a $1,000 deposit to reserve their place in line for the apartment home of their choice.”

Growing twice

In response to the mounting interest in Highland Springs, the community recently broke ground on a new addition—a 108-apartment residence building scheduled to open in late 2016.

“We’re very excited about this next phase of construction,” says O’Reilly. “The new building will feature nine never-before-seen floor plans as well as eight popular floor plans from our current portfolio.”

The new building will feature under-building parking as well as patios for ground-floor apartments and screened-in porches for apartments on the upper floors.

The design for the new building includes additional amenities, such as a restaurant and patio dining area, an exercise studio, and a multipurpose room for use by clubs and activities.

“The additional amenities in this new building will enhance the small-town feel of our community,” says O’Reilly. “Our current residents can visit the bank, salon, library, medical center, swimming pool, fitness center, and restaurants without leaving the community. These newest amenities will give them more destinations within Highland Springs.”

Schedule an appointment

O’Reilly encourages those interested in Highland Springs’ newest residence building to visit the community.

“The considerable interest in Highland Springs is a testament to the active lifestyle and amenities our residents enjoy, the convenience of our on-site health and wellness offerings, and our ideal location within the Dallas metroplex,” says O’Reilly. “We anticipate these new apartments will be reserved quickly, so we encourage anyone who’s interested in learning more about Highland Springs to schedule an appointment with our sales counselor, Christina Christie.”