September 22, 2016
LOUISVILLE, KY–Top-of-the line independent, assisted living, and memory care residences will be offered at the $20 million The Grand of Prospect, a luxury senior living community in Louisville.
The community will be located on 14.8 acres at 5217 Chamberlain Lane near Norton Commons, at the northeast corner of US-71 and Chamberlain Lane. Construction is scheduled to begin in the fourth quarter of 2016, with completion expected the first quarter of 2018.
The project will unite the talents of Guttman Properties of Cincinnati and Civitas Senior Living, a national provider of senior living communities. Mindel, Scott and Associates, Inc., of Louisville has been selected as the civil engineer and pH7 Architects of Columbus, Ohio has been selected as the architect.
The community will include a total of 168 apartments with a mix of independent senior lifestyle apartments, assisted living suites and memory care suites.
Guttman Properties of Cincinnati, led by Ian Guttman, 50, is a newly-formed real estate development company with a focus on senior housing development solutions and up-scale apartment communities.
“We all want the best for our parents as they age because we love them,” said Guttman. “Studies have shown that seniors who live in housing that offers a resort-like experience feel connected to a community and have a better quality of life.”
The Grand of Prospect will have amenities including indoor and outdoor dining options; massage room; theater room; salon and barbershop; a playground for families and neighbors; and elegantly landscaped grounds in a serene setting, said Guttman.
Social clubs and activities will be designed for active seniors’ interests. The assisted living and memory care amenities will include a courtyard with walking path, theater, private dining and many more industry leading amenities.
The Grand of Prospect will be owned by the development team of Guttman Properties and Civitas Senior Living. Civitas Senior Living will provide daily operational oversight under the leadership of Wayne and Misti Powell. The Civitas team has more than 30 years of experience.
“As the president and CEO, my only career for almost 30 years has been senior living,” said Wayne Powell of Civitas Senior Living. “My passion for senior living is shared by my team, with the vast majority having dedicated their entire careers to serving seniors. With 10,000 baby boomers retiring daily we are dedicated to being the leading senior living provider.”
Guttman formed Guttman Properties after 29 years with his family business, Hills Properties of Cincinnati. Hills is an award-winning real estate development company formed in 1958 by his father, Murray Guttman.
Ian Guttman has been involved in many areas of the development business over the span of his career.
“While I’m enormously proud of the work we accomplished while I worked at my family company– including many exceptional developments in Louisville– after learning about the positive impact on the quality of life for seniors who reside in senior housing developments, my heartstrings pulled me in the direction of creating and developing senior housing communities,” said Guttman. “My love for my father, coupled with observing the struggles that accompany the aging process, were pivotal factors that led to my desire to pursue senior housing solutions.”
Civitas Senior Living specializes in development, acquisitions, operational management, and consulting for senior housing properties, including assisted living, retirement centers, and independent senior living.
pH7 is a commercial architecture firm with an emphasis on healthcare and senior living design.