Ryan Companies, Cadence Living to build new senior living project in US

WCN Editorial Team 23 Dec 2020 NORTH AMERICA BUILDINGS

US-based developer Ryan Companies and Cadence Living have announced the expansion of the Acoya brand into Denver, Colorado, the US.

The 156,622 gross ft2, age-in-place community, is claimed to be the third Acoya community of the partnership and first in Colorado.

Situated 15 minutes from Downtown Denver, the new project is surrounded by a number of Cherry Creek neighbourhood amenities.

The new senior living community will be owned by Cadence Living, Harrison Street and Ryan.
The joint-venture team has officially closed the financing for the project.

As per the Moore Diversified Services, the senior population in the Denver area is estimated to increase by over 26% in more than the next five years.

For the 137-unit project, Bank of the West has served as lender, administrative agent and lead arranger while Stifel Bank acted as lender and syndication agent.

The community’s exterior was designed by MOA Architecture while interior designer, StudioSIX5, was appointed to create contemporary finishes and quality details of the project.

The amenities of the new senior living community will include multiple dining venues, a wine cellar, a spa, club room as well as wellness area.

Ryan plans to commence construction on the new development in February next year and work is expected to be finished in Fall 2022, with preleasing scheduled to begin in Spring of same year.

Cadence Living principal Rob Leinbach said: “The Acoya brand is focused on a premier living style through meaningful experiences that include cutting-edge, high quality programming.

“This is the third Class A community under the Acoya brand and our first outside of Arizona—we look forward to continued expansion in the years to come.”

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Ryan Companies, Cadence Living to construct new senior living project in US. (Credit: Ryan Companies US, Inc.)

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