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A large senior housing project under construction in Lake Oswego will provide 216 new units for that growing population. The Springs Living, a McMinnville-based senior housing provider, has customized the development to suit the high-end needs of Lake Oswego residents and appeal to the sensibilities of modern seniors, who are more active and engaged than those of previous generations.

鈥淭hey’re not their parents,鈥� said Fee Stubblefield, president and founder of The Springs Living. 鈥淭he Silent Generation is much more discriminating. They’ve got lots of options and they will not move in unless it’s right.鈥�

As a result, The Springs Living at Lake Oswego has been crafted to cater to an increasingly sophisticated customer base. The five-story building is being erected on a 4.5-acre parcel at Boones Ferry Road and Kruse Way. According to Stubblefield, his company never would have considered building a high-density project on such a valuable piece of land when it started in the mid-1990s. These days, there is new demand for dense, urban infill senior housing projects with ample amenities.

Building residents will have access to a pool and full spa, a wellness center, a 100-seat theater, and five dining venues. A rooftop terrace includes a wine bar, a bocce ball court and a putting green. On-site health care, valet parking, and porter and concierge services will also be provided.

General contractor Todd Construction began work on the project in 2017, and completion is slated for November. The project’s architect of record is Ray Yancey, who was working with Myhre Group Architects at the project’s start, and according to Stubblefield is now with LRS Architects. Stubblefield declined to disclose the total project cost, but said that the construction contract is valued at approximately $65 million.

The 373,000-square-foot structure consists of three levels of wood-framed construction over two floors of post-tensioned concrete, including a full level of below-grade parking. It will house independent living, assisted living and memory care units with studio, one-, two-, and three-bedroom floor plans. The building is about 75 percent leased, making it The Springs Living’s most successful pre-leasing endeavor to date.

Stubblefield attributes that success in part to the 3.5 percent population growth of people age 75 and older in Lake Oswego (that rate is double that of other communities) and in part to changes in senior housing trends in the decade since his firm opened a project in the Tanasbourne area of Hillsboro. At the time, building senior housing in densely populated areas was thought to be a risky move.

鈥淭hat project changed us to realize that we’re going to go the very best locations,鈥� he said. 鈥淭he residents that we serve want to be there, and be an integral part of the community that they helped build.鈥�