New Age-in-Place Community Coming to Denver
In response to the increased demand for more senior living, Ryan Companies US, Inc. and Cadence Living are expanding the Acoya brand into Denver. Construction will begin soon on a 156,622-gross-square-foot, 137-unit, age-in-place community — the partnership’s third Acoya location and first community in Colorado.
“The Acoya brand is focused on a premier living style through meaningful experiences that include cutting-edge, high quality programming,” said Rob Leinbach, principal, Cadence Living. “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.”
Ryan will break ground in February 2021 and construction is expected to conclude in Fall 2022, with preleasing beginning Spring 2022. MOA Architecture has designed the community’s exterior to complement the Denver area while encapsulating the Acoya brand. Interior designer, StudioSIX5, has been engaged to create contemporary finishes and quality details. Amenities will include multiple dining venues, a wine cellar, a spa, club room and wellness area.
According to Moore Diversified Services, Inc., the senior population in the Denver area is expected to increase by more than 26 percent over the next five years.
“Not only is there a need for this type of housing near Cherry Creek, but there is also high demand for age-in-place living where a resident can remain within their home and receive services over time as needs change,” said Daniel Raimer, director of real estate development, Ryan Companies.
Ryan has built over 45 senior living communities throughout the country and has completed 1 million square feet of construction in Colorado. Cadence Living will add Acoya Cherry Creek to their management portfolio which consists of over 30 communities and over 4,000 residential units.