General News
June 4, 2009 - Senior Housing Projects, Scottsdale AZ
|
|
Senior housing projects at home in north Scottsdale 3 projects to open by early 2010 |
 |
Full Story - Below |
Arte senior living apartments |
Senior housing projects at home in north Scottsdale
Amid a flurry of senior housing projects, a Canadian developer has announced plans for 500 luxury rental units at DC Ranch. The Avenir Group of Cos. has a purchase contract on a 9-acre site at 91st Street and Legacy Boulevard, formerly Union Hills Drive, for senior housing. "It's the best piece of property," said Jason Craik, Avenir vice president. "The views are spectacular." Avenir, based in Vancouver, British Columbia, is among a handful of developers with senior living projects underway in the Northeast Valley or in the planning pipeline. More than 2,200 units, primarily for independent living, are planned in seven projects. There is no guarantee all of them will be built but senior housing is the most active sector of Northeast Valley development. Each of the developers say there is strong enough demand for their housing and each has different financial options for buyers or renters. 3 projects to open by early 2010 Three projects will welcome their first residents by early next year. Avenir intends to complete its $45 million Arté senior living apartments by December. It includes 154 independent-living units and 16 for assisted living at 114th Street and Via Linda. Arté's apartments range from 680 to 1,400 square feet. Rental prices will be in the range of $3,000 to $6,500 per month, which includes utilities and two meals per day, Craik said. Avenir has developed four senior housing communities in British Columbia over the past decade and has projects planned for Surprise and Chandler in addition to Scottsdale. The company hopes to start work on its DC Ranch project next year, Craik said. It would be a four-story building just east of the new AJ's Fine Foods store on Pima Road at Legacy Boulevard. Two other senior-living projects set to open early next year include the Classic Residence at Silverstone in February and Sagewood in January. Silverstone is 270 units on 32 acres of the former Rawhide Western theme park site at Scottsdale and Pinnacle Peak roads. The $195 million project is being developed by Peoria-based Plaza Cos. and Chicago-based Classic Residence by Hyatt. Sagewood includes 342 units on 85 acres southwest of Loop 101 and Tatum Boulevard. Life Care Services of Des Moines, Iowa, is the developer. Maravilla aims for fall start Maravilla Scottsdale is planned for 410 units on 25 acres northeast of Scottsdale Road and Frank Lloyd Wright Boulevard near the Fairmont Scottsdale Resort. The San Diego-based Senior Resource Group, developer of Maravilla, has done some site work and plans to start construction of its underground garage in October, company CEO Michael Grust said. That would allow the first phase of 217 units to open by late spring 2011, he said. Maravilla is less than two miles from another luxury senior housing project at One Scottsdale, northeast of Scottsdale Road and Loop 101. The Ryerson Development and Marketing LLC has plans for 320 condos and 50 assisted-living apartments in a five-story building on the northern edge of One Scottsdale. Ryerson also is planning an undisclosed number of senior housing units downtown at the former Orchidtree Apartments, southeast of 68th Street and Camelback Road
|
