Tag Archives: senior living

Sagewood Casita Patio, WEB

Construction on Sagewood Senior Living Casitas Begin Due to Market Demand

Strong community sales and a recovering housing market has spurred the second phase of casitas now under construction at Sagewood, a Life Care Services community featuring resort-like amenities and health care services for senior living.

The detached casitas range from 2,173 to 2,326 SF for a two bedroom, den and two-and-a-half bath design offering a large patio with a fireplace and water feature in addition to extensive desert landscaping. The single-story casitas also feature a two-car garage and provide majestic mountainous terrain and pristine Sonoran Desert views located where north Phoenix meets Scottsdale.

“As a response to market demand and record sales at our Sagewood community, we’re building this second phase of 14 casitas, of which just four are remaining for sale,” said Stewart Ingram, the community’s executive director. Sagewood sold out of its original 24 casitas and the community is 83 percent reserved, with prices starting at $323,300 for residences featuring detached casitas and villas to lofts and apartment homes with a choice of 19 floorplans.

“Our new casita design offers double the patio space from our original plan including a fireplace and water feature in addition to enhanced desert landscaping in the backyard,” he said. “Offering spacious floorplans, generous standard features, and superior construction quality combined with our resort-style amenities and the Acacia Health Center make the casitas a great value for living at Sagewood,” said Ingram.

Construction completion for the casitas is planned for late summer. General contractor is The Weitz Company and Smith Group JJR served as the architect, both of Phoenix.

Victory at Verrado

DMB Associates Unveils Vision for Verrado’s 'Next Generation Community'

Victory Rendering 2, DMBDMB Associates broke ground today on “Victory,” totaling approximately 1,200 acres, representing the next generation of communities for people 55+ years and better.

“We’ve created a neighborhood in our thriving small town community of Verrado where people can explore the life they have waited to live for at least 55 years,” said Charley Freericks, president of DMB. “With Victory, DMB Associates has shifted the paradigm in how communities are planned to provide meaningful and authentic experiences for Baby Boomers.” 

This new district is the culmination of years of consultation with lifestyle, health and medical experts to design a place that lives up to the aspirations of residents. Victory offers exclusivity and the connection of being part of the tightknit, multigenerational Verrado.

“We are living longer, healthier lives and expectations have changed for how we want to live,” said Nick Taratsas, DMB senior vice president and general manager of Victory. “The Boomer generation looks realistically at living to 100 years old. Victory provides the necessary flexibility for Boomers who want to work, stay healthy, have fun and be actively engaged in the community.”

Known for developing communities with a strong sense of place, DMB learned from experts from Arizona and across the country. 

Experience Matters, a Phoenix-based organization connecting Boomers with nonprofits, highlighted the importance of meaningful engagement including an encore career, a part-time job and/or volunteering in ways that take advantage of Boomers’ expertise, experience and education within the community. 

The Gray Institute, a Michigan-based organization that collaborated with Nike to develop their Professional Golf Training Program, inspired DMB to look at opportunities to include strength, coordination and power resiliency activities into Victory for all “athletes.” 

DMB also consulted Dr. Walter Bortz, a clinical professor of medicine at Stanford University. Bortz instilled in DMB the importance of physical, mental and human connectivity to people, places and community as well as the benefits of taking a walk instead of a pill.  

DMB hired Hart Howerton, one of the nation’s leading architectural and planning firms based in New York and San Francisco, to design the centerpiece of Victory with the advice of experts and future residents. Hart Howerton has earned international accolades for their work with properties like the Four Season Resorts. They also have been the creative force behind well-known places like Palmetto Bluff in South Carolina.

With 3,500 homes at build out, Victory will be the first active adult community to offer homes designed and built by multiple home builders, providing innovative home plans, many options to personalize, more choices for the consumer and diverse neighborhoods.   

Victory’s neighborhoods have been designed to take advantage of the new 18-hole golf course and open desert landscape as it winds through the neighborhoods with an extensive path and trail system, connecting residents with Verrado and the White Tank Mountains.

Healthcare & Senior Housing

Healthcare And Senior Living Development & Investment Strategies

Urban Land Institute Arizona – Executive Roundtable

June 20

2:30 p.m. Registration
3:00 p.m. – 5:15 p.m. Program
5:15 p.m. – 6:00 p.m. Networking Reception

Westin Kierland Resort, Herberger Ballroom
6902 East Greenway Parkway
Scottsdale, AZ 85254
Self-Parking available

Join us for an intimate conversation with industry leaders regarding the signs of continued activity in healthcare as industry executives work diligently to advance strategic plans in the post-healthcare reform/post-election era. The much anticipated surge in demand for Senior Housing has begun, creating a myriad of opportunities for developers and operators. ULI Arizona has brought together top healthcare executives and real estate professionals to provide cutting edge information to help you leverage the momentum in these growing sectors.

  • Sourcing Capital for New Developments
  • Hospital’s investment in ambulatory care and other outpatient facilities
  • Investment Strategies in Healthcare Real Estate and Senior Housing
  • Repurposing, adaptive reuse, other types of buildings
  • Partnerships with hospitals, health systems, physician groups and senior housing operators
  • Demographic trends driving demand

PANELS AND CONFIRMED SPEAKERS:

Healthcare Panel:

  • Keynote: Phil Dalton - President and Chief Executive Officer, MDS Consulting
  • Moderator: Craig Jensen – System Director, New Site Development, Banner Health
  • Jason Anzalone – Vice President Development, Irgens
  • Mark Engstrom – Executive Vice President Acquisitions, Healthcare Trust of America
  • Mark Patterson – Principal, SmithGroupJJR
  • Susan Price – Chief Executive Officer, Arizona Kidney Disease & Hypertension Centers

Senior Housing Panel:

  • Keynote Speaker & Moderator: Jerry Walker – Founder & Executive Managing Director, Healthcare Mergers & Acquisitions, Ltd.
  • Tom Becker – Chief Executive Officer, North American Senior Living
  • David M. Boitano – Senior Investment Officer, Ventas, Inc.
  • Casey Moore – Principal, Prudential
  • Greg Roderick – President, Frontier Management

REGISTRATION:

  • Member: Private $70 / Public $50 / Young Leader $45 / Student $35
  • Non-Member: Private $90 / Public $60 / Young Leader $55 / Student $45
  • Not a member? Join & Attend FREE: Private $420 / Public $225 / Young Leader $265 / Student $90
  • Registration Increases $10 after June 17.

REGISTER HERE

Vi_at_Silverstone

Vi marks 25 years as leader in senior living

Vi – the developer, owner and operator of older adult living communities – is celebrating its 25th anniversary in August. Today, Vi operates 10 continuing care retirement communities (CCRCs) nationwide, including Vi at Silverstone and Vi at Grayhawk in Scottsdale.

“We are extremely proud of the accomplishments we have achieved during the past 25 years,” said Randy Richardson, President of Vi. “In an era of uncertainty, our employees and residents can take pride in the fact we are a stable, national presence within the senior living industry, free from third-party debt in our CCRC communities and managed by a strong, long-tenured team.”

Vi was established in 1987 as Classic Residence by Hyatt.  The company changed its name to Vi in 2010.  The company was created by Penny Pritzker, whose family founded Hyatt Hotels, to leverage Hyatt’s hospitality expertise in the growing retirement living industry to better cater to the needs and lifestyle of discerning older adults.

Vi (pronounced vee) is the Latin root for the word “life.” It was chosen as the name for the company because it captures the positive opportunities to live a more engaging and fulfilling life as an older adult.

Vi’s ability to merge its hospitality heritage with quality senior living is what differentiates the brand from others. Visitors and residents can sense this commitment to quality and service from the moment they walk into one of Vi’s communities, according to Richardson.  “Hospitality is in our DNA; and every detail is meant to convey quality service, from the decor to our lifestyle and fitness programs and to our employees who’ve been specially trained in the art of making residents feel at home.”

In addition, Vi communities feature stylish dining venues that enable residents to eat well and dine in style. Menus offer a wide variety of options to suit residents’ nutritional needs and taste preferences. Meals are prepared by executive and pastry chefs who receive specialized training at The Culinary Institute of America.

As testament to Vi’s approach, a recent survey of independent living residents at Vi’s 10 CCRC communities finds them happy with their decision to live at Vi.  The survey, taken this spring, finds that 94 percent of Vi’s independent living residents who completed the survey are very satisfied or satisfied with the community.  Almost 95 percent say they would recommend their Vi community to family or friends.

Late last year, Vi commissioned a report by Ken Dychtwald Ph.D., renowned gerontologist, psychologist, best-selling author, and CEO of Age Wave that challenges the “prevailing myths and misperceptions” about CCRC living.  The report, “The Five Myths and Realities of Continuing Care Retirement Communities,” is available in its entirety at www.ViLiving.com.