Grace Management owns a number of active adult properties through acquisition, but has not developed one of their own from the ground up, until now.

The company is moving ahead with a new active adult project called The Lakes at Woodhaven Village in Conroe, Texas. As planned, the community is slated for 115 units, with amenities including a salon, theater, game room, library and card room, gym and space for yoga, golf simulator, pool and a dog park.

The community is planned to span about 130,000 square feet, with a campus footprint of about five acres. Grace, along with a small group of project partners, are developing the community across the street from Woodhaven Village (see photo), another Grace community with 167 units for Independent Living, Active Living and memory care that is set to open in the early part of 2024.

Currently, Grace operates a portfolio of 67 properties in 19 states, 47 of which it owns.