PHOENIX—Investment Property Associates, LLC and Retirement Community Specialists have partnered for a second time to develop a senior living community in Ahwatukee near the southwest corner of Chandler Boulevard and 50th Street. The 8-acre site of the planned senior community is part of a 35-acre mixed-use parcel acquired by IPA in 2012.
The senior housing community, called Generations at Ahwatukee, is designed to be 160,000 square feet and to provide 128 total units. The community will be licensed by the State of Arizona as an assisted living and directed care community and will offer independent living, assisted living and memory care. The community will be operated by Retirement Community Specialists, a senior living management company based in Ahwatukee since 1998 and in the Phoenix area for more than 25 years.
“We are thrilled to bring senior living to Ahwatukee where RCS has been a member of the business community for over 15 years,” said RCS president Eric Johnston. “As a resident of Ahwatukee for more than 20 years, it is rewarding to be able to provide residents and their family members with quality senior living options, right in the neighborhood.”
The unit mix includes studio, one-bedroom and two-bedroom apartment styles as expansive as 1,150 square feet, and many unit styles will feature private balconies or patios. The community will offer an array of amenities that promote freedom from everyday burdens for residents to enjoy their interests and quality time with friends and family. Current plans include a theater, fitness center, library, salon/barber shop, pool, community gardens, activity centers and restaurant-style dining rooms.
Generations at Ahwatukee will be a sister property to Generations at Agritopia, which is a senior living community that IPA and RCS own and operate in the literal center of the thriving community of Agritopia in Gilbert,” says Scott Brooks, a partner at IPA. “We strongly believe in the thoughtful design of multi-generational communities where people of all ages can interact with and enjoy each other. With Generations at Ahwatukee positioned next door to Liv Ahwatukee, our Generations residents can still very much be in the center of life's action while also enjoying the high-level amenities and services they desire and expect from a premier senior living community.”
The Generations at Ahwatukee site is fully entitled and IPA expects to break ground in the fall. IPA has developed senior care communities in other markets; this will be the company's second senior living development in Phoenix. MC Clark-Wayland Builders of Scottsdale will serve as the general contractor. Architectural services are provided by Todd & Associates of Phoenix and Thoma-Holec of Mesa will provide the interior design.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 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.
