May 9, 2018
Ryan Companies US, Inc., in partnership with Cadence Senior Living, is designing, developing and building Azure Mesa, an upscale senior living community with an “age-in-place” model that will accommodate a total of 170 private pay, market-rate units in Mesa, AZ. The joint-venture project will consist of 142 independent or assisted- living units, and 28 units devoted to memory care.
Located on an eight-acre site adjacent to Granite Reef Park, the hospitality-focused property is near restaurants, retail, recreation and medical services. Onsite amenities include fine dining, private dining, a bistro and pub lounge, a movie theater, hair salon, craft studio, lounges and multipurpose spaces, a fitness center, exam rooms and secure memory care gardens.
Construction on the 183,000-square foot project is now underway, and expected to be complete in Summer 2019. HFF worked on behalf of the developer to arrange a JV equity partnership with an institutional partner.
For comments, questions or concerns, please contact Dennis Kaiser