Retirement News

Ground breaks on a luxury senior high-rise on Dallas' Turtle Creek

Vivante Turtle Creek

Courtesy rendering

Ground has broken on Vivante Turtle Creek, a 20-story senior living high-rise located at 2505 Turtle Creek Blvd. that will be the first Texas location for the Vivante brand, created by California-based Nexus Development Corporation.

In a release, Nexus Development Corporation CEO Curt Olson says, “We believe seniors deserve more than a residence—they deserve a vibrant community where they are cared for, celebrated, and inspired each day. Vivante seamlessly blends luxury, personalized support, and meaningful connection, ensuring residents and their families feel a true sense of belonging.”

Opening in 2027, Vivante Turtle Creek will offer independent living, assisted living, and memory care, designed to meet the evolving needs of older adults while providing the highest level of comfort and sophistication.

Amenities
Conceived as a gathering place for multiple generations, Vivante Turtle Creek will feature an array of amenities that includes:

Celebration room with bowling alley, arcade, photo booth, and dining space
Gourmet dining with innovative cuisine and fresh, local ingredients
Entertainment and daily activities
Indoor pool and Jacuzzi
Golf simulator, game room, and movie theater
Library, art studio, and beauty salon
Chauffeured Mercedes transportation
A grand ballroom for special events

Their website dedicates a lot of space to the food program with a whole gallery of food pix, just like you'd find at a fancy restaurant. Is that roasted Brussels sprouts I see? Why yes it is.

In addition, the community will offer condo-style residences ranging in size from 1,000 to 3,000 square feet with the convenience of a full continuum of care and access to an on-site medical clinic.

A ground-breaking of any kind has been a long time coming, and represents the latest project planned for the 1.37-acre plot of land that was originally the site of a mid-century office building designed by Harwood K. Smith.

In 2008, Toronto-based developers Great Gulf Group acquired it from an insurance company with a plan to build a luxury hotel-spa with condos.

In 2021, Centurion American Development Group bought the property with a similar plan. Nexus purchased the site in 2022.

With the growing demand for premier senior housing in North Texas, Vivante Turtle Creek hopes to set a new benchmark.

openings

millennial magnet

Dallas ranks among 15 hottest U.S. metros for millennial homebuyers

Photo by Vitaly Gariev on Unsplash

Dallas is one of the 15 hottest destinations for millennials.

Dallas and its surrounding cities have already proved to be a magnet for millennials, and now a new national housing report has established the city as one of the 15 hottest destinations for millennials, whose local homeownership rate has soared since 2018.

The number of millennials who own their homes in Dallas has grown from 229,497 to 451,826 households over the last five years (96.9 percent), according to a new housing analysis from RentCafe.

The study compared homeowner growth rates versus renter growth rates of millennials — based on Pew Research Center's definition as individuals born between 1981 and 1996 — across 107 U.S. metro areas from 2018 to 2023.

Dallas ranked No. 15 in the overall list of U.S. metros that have seen the highest increase in millennial homeowners since 2018. About 47 percent of all Dallas-area millennials own their homes, with the remaining 53 percent renting, the report found.

"The top 20 metro areas with the greatest increases in Millennial homeownership are led by sunny regions in Florida and California," the report said. "Unexpected urban hubs such as Dallas, San Antonio, Philadelphia, and New York also made the list with ownership growth rates reaching 90 percent or higher."

Dallas also ranked 27th in the national list of cities with the biggest growth rates among millennial-age renters. The number of millennial renter households jumped from 465,560 to 507,416 in five years, a 9 percent hike.

About 5.3 million millennials have become homeowners over the last five years nationwide, RentCafe's analysts said, which represents a massive 74 percent increase in millennial-owned households. The growth rate of renters was much lower in comparison.

"At the same time, the number of millennial renters in the U.S. rose by a modest 5 percent, adding approximately 600,000 households," RentCafe said. "This brings the total number of millennial homeowner households to 12.4 million, close to the 12.6 million millennial renter households."

While the rate of millennial homeowners is on the rise, the same can't be said for Gen Zers. About 12 percent of all Gen Z households in Dallas-Fort Worth own their homes, while the vast majority are renters, a separate RentCafe study found.

Elsewhere across the state, Austin (No. 7) and San Antonio (No. 10) ranked among the top 10 U.S. cities with the biggest growth rates among millennial homeowners.

The top 10 U.S. metros with the highest gains in millennial homeowners are:

No. 1 – North Port, Florida
No. 2 – Lakeland, Florida
No. 3 – Jacksonville, Florida
No. 4 – Stockton, California
No. 5 – Oxnard, California
No. 6 – Palm Bay, Florida
No. 7 – Austin, Texas
No. 8 – Tuscon, Arizona
No. 9 – Deltona, Florida
No. 10 – San Antonio, Texas

rentcafe study real estate housing report millennials dallas