After more than five years of planning, developers Paul Cavanaugh and Terrie Grillot are working on the first phase of Tierra Verde, a 77-acre, mixed-use development at 47th and North Webb Road in Bel Aire.
“We bought the land in 2008 right when the banking collapse happened,” Cavanaugh said. “It became stagnant on us for while, but now it’s picking up steam and we’re getting a tremendous response. We even have bankers calling us now.”
Construction is about halfway complete on $5 million Concierge Surgical Recovery Suites on the site. The upper level will have 12 surgical recovery rooms for patients referred from any hospital, but primarily those from the medical corridor on Webb, Cavanaugh said.
The lower level of the building will house a medical clinic for physician George Watson.
“We’re trying to make it a very energy-conscious, green-friendly development and trying to be focused more on health and wellness,” Cavanaugh said.
In the next month or two, they’ll break ground on two Home Plus facilities, which will each house 12 residents and offer round-the-clock care. They have plans for another eight Home Pluses in the future, at an estimated cost of $1.5 million each.
The second phase will likely start in 2015 with a $5 million concierge wellness center and spa and another 12 “destination rooms,” for pre-operative relaxation, Cavanaugh said.
The third and final stage will include a venue building with meeting areas, offices and a culinary school. They hope to start construction on that in the next two or three years at an estimated cost of $7 million or $8 million, Cavanaugh said.
The developers have options to buy another 160 acres to the north of the site, Cavanaugh said.
Other potential plans for the site include another minor surgery center, as well as a skilled nursing and assisted living facility.
Cavanaugh’s companies, Guerilla Builders and Places Architects, will be the site’s contractor and architect, respectively.