Investment Property Associates, LLC (IPA) and Retirement Community Specialists (RCS) 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 (RCS), a senior living management company based in Ahwatukee since 1998 and in the Phoenix area for over 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 situated to the north of the 402-unit, Liv Ahwatukee, one of IPA’s premier multifamily residential communities scheduled to open this summer. Senior living fits well within IPA’s multigenerational vision of neighborhood.
“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, Ariz. will serve as the General Contractor. Architectural services are provided by Todd & Associates of Phoenix and Thoma-Holec of Mesa, Ariz. will provide the interior design.
IPA continues to expand its Phoenix portfolio with three multifamily developments underway in addition to Liv Avenida, a 322-unit, Class A, garden-style development that IPA opened in Chandler in 2012 and the 118-unit Generations at Agritopia in Gilbert. IPA has partnered with the Rockefeller Group to develop Liv Northgate in Gilbert. Liv Northgate is a sister property to Liv Ahwatukee also offering 402 Class A, garden-style units, and is slated to open in June. Liv North Scottsdale – a 240-unit, urban-infill podium development across the street from the popular shopping and entertainment districts, Kierland and the Scottsdale Quarter – will open in September 2014.