The development is at 2323 Lake Robbins Dr., and will becompleted in 2011. Village at The Woodlands will offer studios andone- and two-bedroom units with the breakdown being 63assisted-living units, 28 memory care units and 116independent-living units.

"There was one site available for senior housing there, and wefelt fortunate that Jim Gray , our partner, was chosen as thedeveloper," comments Christopher N. Merrill with Chicago-basedHarrison Street. He tells that the appeal of TheWoodlands is its high barrier to entry for similar product of thetype. Another appeal is the location at the Waterway in TheWoodlands Town Center.

Merrill says it's likely Bridgewood Property and Harrison Streetwill partner again on other projects, but nothing at this time isin the pipeline. In the meantime, he continues, Harrison Street isgearing up to close on a Houston-area investment. He declined tomention any details, only saying it involved a self-storageportfolio.

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