Texas senior living developer coming to Venice

By Chris Wille
Real Estate Editor
Posted Nov 15, 2018 at 4:42 PM
Updated Nov 15, 2018 at 4:42 PM

Options are independent living, assisted living and memory care

A Dallas-based national health care real estate firm is expanding its portfolio of Heartis-branded senior living communities into Florida.

Heartis Venice will have 182 units offering independent living, assisted living and memory care, a host of first-class amenities and expansive water views. The three-story, 191,000-square-foot structure, which will be at 1199 South Tamiami Trail, is expected to be completed in the summer of 2020.

Caddis, the developer, said Heartis Venice will offer a wide variety of amenities, including a swimming pool; landscaped grounds with walking paths, seating areas and pocket parks; a wellness center; beauty salon/barber shop; activity rooms; large, secured courtyards; multiple dining options with chef-prepared meals; and ongoing social and recreational activities.

Special services will include a community shuttle service, nurse-supervised staff, 24-hour emergency call system, housekeeping and laundry services, and assistance with personal activities.

The monthly costs for two levels of service compare favorably with national and local median prices. Heartis Venice rates start at $3,200 per month for independent living and $3,600 a month for assisted living. Caddis does not disclose other rates.

For comparison’s sake, Genworth has conducted its national Cost of Care Survey to help families understand the costs of varying types of care across the U.S. The 2018 survey, conducted by Carescout and covering 440 regions, is based on more than 15,500 completed surveys.

The Genworth Cost of Care Survey 2018 shows that the national median cost for an assisted living facility is $4,000 per month and a private room in a nursing home will cost around $8,400.

For the Sarasota-North Port-Bradenton region, those same median monthly figures come to $3,874 for assisted living and $9,885 for a private room in a nursing home, the survey showed.

Caddis said it will begin accepting reservations for Heartis Venice in the spring.

CEO Jason L. Signor said the company is well known for its Heartis senior communities in Texas but the company has been expanding into other areas of the country, including Illinois, Wisconsin and Georgia. Eleven of the 17 Heartis communities are in Texas.

“Our nationwide brand expansion has provided seniors with lavish new living options,” Signor said in the announcement about Venice.

Caddis launched the Heartis senior living brand in early 2013.

Jud Jacobs, executive vice president development and partner, said Heartis Venice will be in an ideal location.

“Heartis Venice is being built on Roberts Bay and will be surrounded on three sides by beautiful views of the ocean,” he said. “Plus it will be near restaurants, hotels, historic downtown Venice and Venice Beach and within walking distance to Legacy Trail, a 12-mile bicycle and walking path.”