New senior apartments to open mid-2020 in Northshore residential area
KNOXVILLE, TN – Senior housing is soon to become more affordable for middle-class seniors in Knoxville. Development is now underway for Prime West Knoxville, a new independent living community with 145 one- and two-bedroom apartments. The community, located at 1932 Falling Waters Road, is designed specifically for physically and socially active seniors. Prime’s management team broke ground March 20 on the $26 million project, which is slated to open in summer 2020.
Joel Locker, Prime’s Chief Executive Officer, attended the initial groundbreaking alongside President of Development Greg Craft, President of Operations Debra Maynard, and President of Project Development Brett Massey. Prime Senior Management, which is headquartered in Charlotte, NC, will develop and manage the property. As a newcomer in the senior living space, Prime’s goal is to provide high-quality accommodations to middle-class seniors, an underserved population that Maynard says is facing an affordability crisis.
“Our core mission is focused on providing accommodations to active, healthy seniors occupying the mid-market,” says Maynard. “Without sacrificing a high quality of life, Prime will focus on providing these essential opportunities to densely populated suburban areas. With a booming economic climate, West Knoxville was the ideal location for our inaugural community.”
Prime West Knoxville will combine innovative healthcare technology with southern hospitality to promote social engagement and inclusivity. Prime will balance casual living with an emphasis on social activities, from group excursions and holiday events to a community hydroponic garden and communal dining. Apartment floor plans include spacious living areas, well-sized closets, and full kitchens with stainless steel appliances and granite countertops. Future residents can also expect features such as large bathrooms with step-in showers and either patios or balconies.
Maynard adds, “Prime West Knoxville intends to break the mold on what to expect from senior living. Our goal is to serve the middle market while providing an environment that encourages resident growth and exploration at any age.”
For more information on Prime West Knoxville or to view other community developments, visit www.primeindependentliving.com.
About Prime Senior Management
Prime Senior Management was founded in 2014 by Joel Locker, a homebuilding and senior housing analyst. Locker spent more than a decade in the macroeconomic side of housing before turning his focus to affordable independent living residences for seniors. Prime’s powerhouse management team is comprised of construction, real estate development and senior living veterans. Prime Senior Management’s mission is to serve the many underserved submarkets in the senior housing industry.