Heights land sold, senior housing coming in Houston

HOUSTON – Bridgewood Property Co., a senior housing developer, has purchased the building that houses Fiesta Mart at 1407 Studewood in the Heights and plans to build a senior living community.

The property will have about 80 units, including 20 independent living, 40 assisted living, and 20 memory-care units. The site consists of a 28,160-sf building on three lots totaling just more than two acres, at the northwest corner of East 14th and Studewood.

Groundbreaking on the residential project is planned for early next year, and Fiesta’s lease expires January 2013.

The revitalization of the Heights has included investors converting old buildings into restaurants, coffee shops and bars, bringing a vibrant nightlife scene and a younger crowd to the historic neighborhood just northwest of downtown.

Read more at the Houston Chronicle.