Hendersonville leaders gave the green light recently for a 138-unit senior housing complex to be built next to the Streets of Indian Lake in Indian Lake Village.
The three-story independent living facility will be restricted to those 55 and older and will sit on five acres south of the 'Streets' retail area.
California-based Avenida Partners, LLC and the land's owner, Lawrence IL Holdings, received approval from the city's Board of Mayor and Aldermen March 28 to amend the final development plan for the site that includes a total of 15.3 acres.
Previously designated as a "power center" for mid-size retail stores like J.C. Penney, Best Buy and Bed Bath and Beyond, the amendment adds independent living facility to the list of permitted uses for the property.
"Neither the previous owner of the Power Center property, nor the new owners have had any luck marketing the property as a retail power center," said Planning Director Fred Rogers in his report to aldermen. Rogers noted that a substantial amount of retail development has occurred along Indian Lake Boulevard since Indian Lake Village plans were drawn more than a decade ago.
"The owners do not believe there will be a market for large retail users for a number of years," he said.
Both the city's planning commission and Board of Mayor and Aldermen approved the change, acknowledging Avenida's proposal of an age-restricted one and two-bedroom apartment complex is unique to the area and is much needed for the growing age demographic.
"Our planning commission and board have been working on some changes to our zoning code to allow more adults to age in place," said Mayor Jamie Clary. "This facility continues that effort. It offers more options for keeping older adults in Hendersonville."
The company has built similar complexes in the Denver, Colo., and Tulsa Okla., areas. Closer to home, Avenida at Cool Springs in Franklin is scheduled for completion in mid-2018.
Avenida at Indian Lake Village will cater to "active" senior residents aged 55 to 85, according to Project Manager Rob Muirhead.
The typical tenant is someone wishing to downsize but who doesn't want the cost of a full-service, three-meals-a-day facility, he added.
Amenities will include a fitness center, yoga room, bistro/pub area and a daily continental breakfast. Transportation will be provided to places like grocery stores and doctor appointments.
"I have lived in the Nashville area all of my life," said Avenida Senior Living Partner Jim Walker who will manage the project from the company's regional office in Murfreesboro. "It is with great pride and satisfaction that I now have the opportunity to bring something that is needed to Hendersonville seniors. I wish this type of community had been available to my parents in their golden years."
Construction is expected to begin near the end of 2017 with preleasing starting in the second quarter of 2018, according to Muirhead.
The project will be designed by Atlanta-based Lord Aeck Sargent. Also working on the project are the land development and civil engineer consulting firm Ragan-Smith Associates and contractors Hardaway Construction.