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Real Estate - Residential

$35M BullStreet senior living community on track

Real Estate - Residential
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Construction on the Merrill Gardens at BullStreet senior living center is expected to begin in November or December, Clayton Mozingo, principal and CEO of Second Fifty Communities, announced Monday. The project is expected to take 14 to 18 months to complete.

The community is being built on 2.66 acres of BullStreet property at the corner of Freed Drive and Gregg Street and will have 196 units. Mozingo said the facility is expected to have a capacity of 240 residents.

The project is a joint development of Pillar Properties of Seattle, affiliated company Merrill Gardens, and Charleston-based Second Fifty.

According to Mozingo, the land at BullStreet has been cleared, design approval has been secured and permitting has begun.

“We will be submitting for building permits later in the summer, or early fall,” Mozingo said Monday.

“From a master developer’s standpoint, we’re excited to have a partner like Clayton that gets what we’re trying to do,” said Robert Hughes, president of Hughes Development Corp., which is developing BullStreet “The density of the site, the mixed uses and street-level activation fit in with the things Clayton is doing to fit the paradigm of what seniors want.”

The $35 million project will be connected to the park, and some units will lead to the baseball stadium, Mozingo said. He added that cost will be comparable to that of other senior living centers, and unit prices will vary.

BullStreet is expected to have several different housing communities, including senior, residential and student. Mozingo said it is a perfect mixture.

“With the different housing developments, you can make the most of the entire day,” Mozingo said. “If you only had senior living, or only had student housing, you would have a decrease in activity during certain parts of the day. Here, you get increased activity the whole time.”

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