Cadence at Ocotillo to be newest lifestyle community for seniors in Arizona

SCOTTSDALE, ARIZ. — Cadence Living, an owner, developer and operator of senior living communities, is pleased to announce the purchase of 7.7 acres of land at 100 W. Queen Creek Road in Chandler in partnership with Global Senior Housing.

Cadence at Ocotillo, the Scottsdale-based company’s fourth community in Arizona, marks an overall investment, with partners, of more than $200 million into their senior communities in the state, with an additional $100 million projected in a future pipeline.

Cadence at Ocotillo will provide 191 new studio, one- and two-bedroom upscale apartments for seniors seeking an active, healthy and social lifestyle. The 206,283 SF, $46 million community boasts a Spanish-influenced design and will offer independent living, assisted living and memory care options.

As a vibrant lifestyle community, Cadence at Ocotillo will feature upscale amenities, including restaurant-style dining, casual bistro dining, walking paths, raised garden beds, theatre, art studio, swimming pool and fitness center as well as a robust schedule of intellectual, artistic, and entertainment programming.

“At Cadence, we saw a unique opportunity to fill a gap in the market by offering seniors a lifestyle-focused community that delivers the kind of highly-desirable living options being sought by individuals and couples today,” said Eric Gruber, principal at Cadence Living. “Our culture of wellness, engagement and fun is something we’re very proud to be introducing in Chandler.”

The elegant apartments will include a full-kitchen, washer and dryer, walk-in shower and a 24-hour emergency line. Residents also have access to on-site 24-hour medical services and Cadence’s Red Carpet Concierge services.

Cadence Living manages three additional communities in Arizona. Inspira Arrowhead, located at 20240 N. 78th Ave., in Glendale, celebrated its grand opening on March 28. Inspira Arrowhead is in partnership with locally-owned PB Bell Companies and MT Builders.

Acoya Mesa, opening this summer, is located adjacent to Granite Reef Park in the Alta Mesa neighborhood at 6502 E. Brown Road in Mesa and will bring 170 independent living, assisted living and memory care units. Acoya Scottsdale at Troon, which features views of Pinnacle Peak, is located in North Scottsdale at 10455 E. Pinnacle Peak Parkway.

Acoya Scottsdale at Troon broke ground in November 2018 and plans to open 135 luxury independent and assisted living units in the fall of 2020. Both Acoya projects are being completed with the Ryan Companies US, a well-established developer and contractor in the Valley.

“These developments will create 200 new jobs in our state — excellent growth for this Arizona-based company in just a few short years,” said Sandra Watson, President and CEO of the Arizona Commerce Authority. “We congratulate Cadence Living on its continued growth and look forward to supporting its future success in our state.”

“2019 has been an exciting year for us and for Arizona’s senior community,” said Rob Leinbach, principal at Cadence Living. “It’s exciting to partner with Global Senior Housing in Chandler and to see our vision for offering seniors a chance to live their best lives becoming a reality here in Arizona.”

Construction of Cadence at Ocotillo is slated to begin in the fall of this year. Partners on this project include Chandler-based Whitneybell Perry as the architect and locally based Drive Development Partners as construction manager.

Phoenix, Arizona — Transwestern Commercial Services (TCS) today announces it has appointed Rosie Keller to serve as Senior Vice President and Asset Services leader in Phoenix. With almost 20 years of commercial real estate experience, Keller will oversee the firm’s 5 million-square-foot portfolio in the Phoenix area, including Marina Heights in Tempe. She will work closely with Mark Stratz, TCS Managing Director and Phoenix City Leader, to drive integrated real estate solutions for new and existing clients.

“Transwestern’s approach to property management provides clients with a seamless and forward-thinking strategy that maximizes asset value,” Keller said. “The collaboration between our brokerage, asset services and project management teams enhances the client and tenant experience, and I look forward to adding my skills and experience to further grow our services.”

Transwestern is focused on curating a collaborative and cohesive environment by attracting and retaining team members with deep financial and business expertise to efficiently operate each asset it oversees. The firm’s unique approach to property management has won it significant assignments with RREEF, Griffin Capital and KBS/Verus Partners.

Before joining Transwestern, Keller worked at Ryan Cos. for 15 years in the construction and development departments. She later worked at Cushman & Wakefield as the portfolio manager and at BKM Capital Partners as the regional asset manager.

“Rosie’s varied experience in the commercial real estate industry and her commitment to collaborating across services lines are the exact qualities we look for in candidates to help grow our presence,” said Stratz. “Her deep relationships throughout Phoenix will be highly beneficial in expanding our Asset Services portfolio.”

Keller earned a bachelor’s degree from Arizona State University and is a member of Valley Partnership and AZCREW.

Keller’s hire is the latest in a recent expansion at the TCS Phoenix office including Jim Fijan, who has been tapped to lead the firm’s capital markets efforts throughout Arizona. Additionally, Justin Himelstein was appointed to oversee Occupier Solutions in the greater Phoenix area.

HSL continues to grow its eastside holdings with addition of prime Houghton road parcel

TUCSON, Arizona – HSL Houghton Apartments, LLC, and affiliate of Tucson-based, HSL Properties (Omar Mireles, president) closed on a second site in the Vail submarket for $4.083 million from Mattamy Homes.

The approximate 17 acre site is located in Saguaro Trails Master Planned Community, a successful new community by Mattamy that opened last February to respond to the pent-up demand for housing in the area. The HSL Apartment site is on Houghton Road across from the well-known environmentally friendly community of Civano in southeast Tucson.

Will White and John Carroll of Land Advisors Organization handled the transaction

“It is an excellent parcel and location, no question about it. The Houghton corridor continues to see strong record demand for all types of residential uses,” said White. “The Vail area is seeing some of the best data in the Tucson market right now and we do not see this slowing down for many years. It has an excellent school district, growing list of retail and restaurant amenities, convenience to Tucson’s employment core, and strong aesthetics.”

HSL recently broke ground on the first luxury apartment community for Vail, Encantada at Rita Ranch at 9410 E Valencia Road is at the southeast corner of the Valencia and Nexus. With 312-units under construction, this new site on Houghton will be HSL’s second luxury community for Vail.

The Encantada at Rita Ranch, like other Encantada luxury apartments, will include a clubhouse with a fully equipped fitness room, rental room for parties or special gatherings, a movie theater room, and a swimming pool.

See related story here: https://realestatedaily-news.com/hsl-bringing-first-luxury-apartment-community-to-vail-submarket-in-tucson/

For more information, White and Carroll should be reached at 520-514-7454.