(TERRELL, TEXAS) Terrell Senior Terraces III, (TST III) is a proposed development by Life Rebuilders, Inc., developer of the existing Terrell Senior Terraces. TST III will consist of an 80-unit residential senior apartment home development on 6.787 acres at the SWC of Windsor Ave.& FM 2578. It will be the third phase of the very popular senior community, Terrell Senior Terraces. Many consider Terrell Senior Terraces as the finest senior housing built to date for
The existing Terrell Senior Terraces (TST) has been extremely well received by seniors to date. TST III will built with the same attention to detail and it will become part of the TST community. Click here, or on the photo, for more information.
The concept plan calls for 80 senior apartment homes on 6.787 acres, which is only 11.78 units an acre. The 24 one-bedroom apartment homes and 56 two-bedroom, one-bath apartment homes in TST III are anticipated to be financed utilizing conventional financing and supplemented with 9% Federal tax credits. All of the many activities that Terrell Senior Terraces is famous for will be afforded the residents of TST III also. A cross walk will be utilized to help our seniors cross over Windsor Ave. to the large recreation building located in TST II with a controlled walkway across Windsor, with the City of Terrell’s approval.
The 80 apartment homes will be restricted to housing for senior’s ages 55 years young and older. A variety of social service and activity programs that engage these senior adults will be designed to help keep them active, young at heart, and living independently as long as possible. These seniors will participate in programs already in place, being very successfully implemented in Phases I & II now.
Seniors living in Terrell and surrounding areas will be invited to participate in the expanded social service programs and activities. Many of these seniors already participate in programs at TST.
Terrell has always enjoyed a reputation as a desirable affordable bedroom community for the DFW area. Over the last few years it has gained a reputation as a very desirable “close-in” location for seniors from the DFW area being convenient via I-20 & US Highway 80. Recently, Terrell was listed in Forbes as one of the fastest-growing Suburbs in the Country. Seniors have discovered the serenity of living in Terrell.
Excellent medical facilities exist in Terrell with new additional state-of-the-art facilities planned. On demand transportation for our seniors to medical, shopping, and other destinations are provided by KART. Shopping is plentiful nearby whether at the Tanger Outlet Mall on I-20 only minutes from TST or in one of the quaint downtown boutiques, also only minutes away and very accessible via KART.
A good school system, significant employment opportunities, and shopping tend to indicate a bright future for the Terrell Community. These advantages and major recreational opportunities nearby are also indicators for a successful senior residential development with a quick lease up of the 80 senior apartment homes, as the waiting list for units at the existing apartment homes totals over 80 recipients today.
For development information and investment opportunities, contact Barry Halla (480) 837-3000.