Silverstone Senior Living is expected to expand its Greater Washington presence in 2019 with gusto, investing $250 million in three projects all expected to break ground by the end of the year.
Dallas-based Silverstone has one D.C.-area community currently open, HarborChase of Prince William Commons in Woodbridge. But it’s only getting started.
In May, per a release, Silverstone will start work on a $75 million, 154-unit facility at 9490 Sprague Ave. in Fairfax, within the Metro West development. The eight-story, 158,000-square-foot community is expected to deliver in 2021.
Silverstone will get to work in June on a $76 million, 146-unit assisted living and memory care facility on West Gude Drive in Rockville. That project should be complete by 2022.
And before the year is over, Silverstone will start construction on the biggest project of them all, a $100 million, 200,000-square-foot community at 2602 Main Line Blvd. in Alexandria’s Potomac Yard. That building, slated to deliver in 2022 on a site fronting Richmond Highway and Main Line Boulevard between Maskell Street and Swann Avenue, will include 163 units and ground-floor retail — a rendering shows a pharmacy.
The Silverstone building is the first of two planned for the 2-acre Potomac Yard site. It is unclear when phase 2 will get underway.
Perkins Eastman designed all three projects, which are expected to employ about 315 people total.
Silverstone, which maintains an office in McLean, has tapped Bobby Zeiller to serve as its chief development officer. Zeiller is a former executive with Crescent Resources Inc., which served as the master developer for Potomac Yard.