Arbor Park is an affordable senior living multi-family development under construction at 6306 McNeil Drive in Austin, scheduled to open in late 2023. Limited to ages 55 and over. Community living is designed for seniors, vacant homes, out-of-town or out-of-state seniors.
The project is about 40 percent complete, with construction already on its second floor, said Mark Gilbert, senior project manager at developer DMA Development Company, LLC.
The mixed income 4.5 acre project includes 147 units with one or two bedroom units. This design allows for surface parking and a separate 3000 square foot amenity building. Units have the option of 1 or 2 bathrooms per apartment.
“Typically, one bedroom is 700 to 900 square feet, and two bedrooms are about 1,000 to 1,100 square feet,” says Gilbert.
Of the total units, 9 units have affordable rent for households with incomes below 30% of the regional median income, and 49 units have affordable rents for households with incomes below 50% of the median income. , 50 units, 60% of the average income. In addition, 28 units will be for households with incomes below 80% of the median, and 2 units will be reserved for sale at market value. Minimum rent for tenants below 30% of median annual income. Rent ranges from $500-600 per month for 1-2 bedrooms and $1,350-1,700 per month for 1-2 bedrooms. These amounts are subject to change each year based on median income in the Austin Round Rock area, Gilbert said.
“The building management team offers many activities for residents, from movie nights to community meals to art classes,” Gilbert said.
Senior living facilities are located near Palmer McNeill Plaza, a large shopping center that includes HEB with a full-service pharmacy, several restaurants and other neighborhood facilities.
The senior living development will have two elevators for occupant convenience, and a large community area with kitchen and library will be centrally located on the ground floor. The facility also has a separate cinema and art room. According to Gilbert, the V-shaped architectural plan wraps around the heritage trees and allows for views of the landscape.
Additional amenities include private courtyards, fitness centers, floor lounges, laundry facilities, and high ceilings. New developments are expected to provide opportunities for seniors to no longer maintain single-family homes or stay in existing neighborhoods. Allow for higher property taxes. Interested residents should start reaching out to inquire about available units in spring 2023, he said.
DMA Development has two senior living communities. Among them are Nightingale at Goodnight Ranch, a 174-unit senior community in South Austin, and Wildflower Terrace, a 201-unit senior community in the Mueller redevelopment.