SUN CITY, AZ-Heritage Cottages, the third and final phase of the Ryerson Co. LLC.’s Heritage Campus, is in the final planning stages and set to break ground early next year. The Heritage Campus is a $50-million-plus seniors housing project in northwest Maricopa County.

“There’s tremendous demand for senior housing in the Valley,” says Ron Estes, director of operations for the Ryerson Co. When complete in early 2006, the 14-acre Heritage Campus will consist of three phases: the Heritage Tradition, a four-story complex with 228 independent living apartments that opened in December 2002; Heritage Legacy, a 45,000-sf assisted living facility with 41 apartments that opened earlier this month; and the Heritage Cottages, a project that includes 17 duplex buildings and 35 independent living units. Estes tells GlobeSt.com that Heritage Tradition is 100% leased while Heritage Legacy is 25% leased after being open only two weeks.

The Heritage Cottages will be adjacent to Heritage Legacy at 13813 N. Woodside Dr. and Heritage Tradition at 19303 New Tradition Rd. According to Estes, the third phase will offer seniors an alternative to the Heritage Tradition, which offers is more like a mid-rise apartment building with hallway access and no garages. “Some folks aren’t prepared to leave their homes and move directly into a setting like the Tradition,” he says. “The Cottages will helps (seniors) downsize from a home and help them transition to a different setting.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.