Luxury Senior Living Community in North Scottsdale Officially Opens
The joint venture team of Ryan Companies US, Inc., Cadence Living and a controlled affiliate of Starwood Capital Group, a leading private global investment firm, announced today the completion of Acoya Scottsdale at Troon. The Ryan designed and built project received its certificate of occupancy nearly two weeks early and residents will begin moving in on November 2, 2020.
Acoya Scottsdale at Troon consists of 135 independent and assisted living units offering 22 floorplans ranging from 585 square feet to 2,385 square feet. The new community is situated on six acres of land between Pinnacle Peak and Troon Mountain.
"Given the project site’s shape and topography, our team leveraged extensive 3D modeling to include multiple terraces and entrances," said Beau Dromiack, southwest director of architecture, Ryan A+E, Inc. "For example, the main entrance transitions to a dramatic, two-story space with a glass wall that frames Pinnacle Peak – a memorable aesthetic that helps differentiate this community."
Acoya Troon offers contemporary interior finishes designed by award-winning Thoma-Holec Design, underground parking and several amenities.
"We are proud to be opening the doors of this resort-style development in Scottsdale," said Dan Schwaegler, Senior Vice President, Starwood Capital Group. "Preleasing has been strong and as the first of four senior living projects under development across the United States with Ryan Companies, we are excited to see how well the community is being received in the marketplace."
Acoya Troon’s garden level includes a music room, salon and spa, theatre and fitness room while the first floor provides residents with a bistro, a great room, formal and private dining options, art therapy and a library. Additionally, there is a game room, PGA golf simulator, bar and lounge, casual dining, a community room and outdoor dining on the second floor. The community also has a resort-style pool, walking path, rooftop patio and valet parking.
"Our team was laser-focused on meeting the need for luxury senior living demand in North Scottsdale," said Rob Leinbach, principal, Cadence Living. "We’ve created something really special in the Troon area – a state-of-the-art, high-quality community with an abundance of amenities."
This is the second Acoya development in Arizona with several more planned in the pipeline.
"The combination of incredible partners, the best in-house design-build team and a site with 360-degree views led us to achieving our goal of creating an unmatched, luxury senior living community where residents can thrive," said Tyler Wilson, vice president of real estate development, Ryan Companies.
Ryan Companies has built over 40 senior living communities throughout the country and Acoya Scottsdale at Troon is the fifth senior living project completed in Ryan’s western division. Cadence Living will add Acoya Troon to their management portfolio which consists of 24 communities and over 4,000 residential units.
For more information about the community, please visit www.acoyatroon.com.
About Ryan Companies US, Inc.
Founded in 1938, Ryan Companies offers comprehensive commercial real estate services as a national developer, architect, capital investment consultant, builder and real estate manager with a focus on bringing lasting value to its customers and the communities in which it works. Ryan market depth includes retail, industrial, healthcare and senior living. Ryan development and corporate build-to-suit work spans a wide range of product types including office, mixed-use, hospitality, multifamily housing and mission critical facilities. Ryan has nearly 1,300 employees in 15 offices and has completed projects in 38 states. For more information, visit ryancompanies.com.
About Starwood Capital Group:
Starwood Capital Group is a private investment firm with a core focus on global real estate, energy infrastructure and oil & gas. The Firm and its affiliates maintain 16 offices in seven countries around the world, and currently have approximately 4,000 employees. Since its inception in 1991, Starwood Capital Group has raised nearly $50 billion of equity capital, and currently has in excess of $60 billion of assets under management. The Firm has invested in virtually every category of real estate on a global basis, opportunistically shifting asset classes, geographies and positions in the capital stack as it perceives risk/reward dynamics to be evolving. Over the past 29 years, Starwood Capital Group and its affiliates have successfully executed an investment strategy that involves building enterprises in both the private and public markets. Additional information can be found at starwoodcapital.com.
About Cadence Living
Cadence is an owner, operator and developer of senior living communities based in Scottsdale, Arizona. Cadence executives have over 100 years of real estate, senior housing development and senior housing management experience. Cadence emphasizes the importance of quality care and creates comfortable, vibrant communities that offer residents exceptional independent living, assisted living and memory care lifestyle options, proving that the "rhythm of life" is ever present. Find your Cadence. www.cadencesl.com
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