May 9, 2018 Comments Off on Ryan, Cadence Commence Senior Living Development in Phoenix Views: 2454 Arizona, National News, Southwest

Ryan, Cadence Commence Senior Living Development in Phoenix

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.

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