State filing puts a $58.7 million price on 324-unit active senior complex planned off Oak Grove Parkway

A developer has filed state paperwork for a 324-unit apartment community for active seniors on Oak Grove Parkway in Little Elm, putting the construction cost at $58.7 million.

The project, called Little Elm Senior Living, was registered Tuesday, Oct. 20, with the Texas Department of Licensing and Regulation, which reviews new buildings for accessibility. The filing lists the address as 3655 Oak Grove Parkway.

What the filing describes

According to the registration:

• Size: 324 active senior dwelling units in a four-level building, about 340,050 square feet in all
• Amenities: a pool and surface parking
• Schedule: construction from Dec. 15, 2026, to Aug. 30, 2028
• Funding: private money, on private land, for private use

The owner is listed as THF Little Elm Leased Housing Associates III, with BKV Group of Dallas as the design firm. The filing does not say what rents will be or how old residents must be.

How the town got here

The unit count matches the cap set for a senior housing project the town has been preparing for north of Oak Grove Parkway and Lloyds Road.

A staff report for the Town Council's Oct. 13 meeting said the 11.7-acre site had been in Little Elm's extraterritorial jurisdiction and that the development agreement and zoning would lead to multifamily senior housing of no more than 324 units. That report backed a town-initiated change to the future land use map, from low-density to high-density residential, so the long-range plan would match.

The Oct. 13 staff report said all future development on the site remains subject to the town's own review procedures. The TDLR listing shows the project's status as registered.

Sources

State of Texas

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