Work has begun on the first phase of a senior living development near NewMarket Square, north of 29th Street and west of Maize Road.
The first phase of Oxford Development Holdings’ latest Wichita project, Oxford at NewMarket, is a 77-unit assisted living and memory care residence slated to open in September 2013.
“Our residents in assisted living will still get out and about and will look forward to sharing in all the things NewMarket has to offer,” said Pat Ayars, president of Oxford Development Holdings.
The company announced plans for the project in March 2011.
In October, Oxford’s financial partner LTC Properties, based in Westlake Village, Calif., announced it bought the land for $700,000, according to an earnings report.
LTC Properties is a real estate investment trust that has investments in senior living projects in 30 states. It entered into a lease and development agreement not to exceed $9.9 million with Oxford Holdings to construct the facility.
Oxford will operate the site.
The 53 assisted living units and 24 memory care units will be modeled after Oxford’s Glen Carr House residences in Derby.
Once complete, the assisted living residences will be staffed by about 50 full-time employees, Ayars said, including an executive director, sales and marketing professional and chef, as sell as nursing staff and support staff.
The first phase will cost a little more than $12.5 million, Ayars said.
It will sit on about five acres, and according to the preliminary master plan for the site, Oxford will be able to acquire 30 more acres for water features and the construction of other buildings in future phases, including nursing care residences, independent living residences and patio homes.
“We want to build a wide spectrum for seniors at one location throughout multiple phases over time,” Ayars said.
About 10 acres of office buildings will be developed at the site by Slawson Companies, the developers of NewMarket Square.
The assisted living and memory care building will be shaped like a square with an open courtyard in the middle that will be “finished like a fabulous backyard with sitting area and community gathering spots,” Ayars said.
Many of the rooms will have balconies overlooking the courtyard, Ayars said.
Other features will include a fitness center, spa area, library, music room, bistro, lakeside walking paths, second floor roof deck to show outdoor movies and a lounge with sports bar, said Dan Dokken, senior vice president of Law Kingdon Architecture.
“It would be kind of a cross between craftsman and art nouveau (style),” Dokken said.
General contractor for the project is Ayars & Ayars of Lincoln, Neb.; it’s owned by Ayars’ twin brother, Mike.
Local subcontractors and suppliers will be used on the project, Pat Ayars said.