Ryan Companies and Grand Living Management Launch Construction on Grand Living at Naples
Ryan and Grand Living Management will fulfill a strong demand for senior living in Naples, Fla. with Grand Living at Naples. According to Moore Diversified Services, Inc., the 75+ age group is strong in the Naples Market and accounted for 17.5% of the total population in 2020 compared to the national average of 6.8%. Construction has begun and is slated for completion in Q3 of 2023.
“As Ryan continues to fulfill the demand for senior housing, we’re proud to once again partner with Grand Living Management to deliver another luxury-inspired community in South Florida,” said Eric Anderson, SVP, Senior Living at Ryan. “Grand Living at Naples will set a new standard for senior living in the market with superior care and state-of-the-art amenities within one of the most accessible locations in Naples.”
Grand Living at Naples, the 241,071-square-foot, four-story community, will bring a total of 206-units, including 166 independent and assisted living units and 40 memory care units, to proactively address the growing need in the Naples market.
Naples will follow Grand Living’s age-in-community model, allowing residents to reside in their original apartment even as their healthcare needs change. With health and wellbeing at the forefront, Grand Living and Ryan Architecture + Engineering designed the luxury-inspired community to promote longevity and a healthy lifestyle for its residents with the inclusion of amenities such as multiple dining venues; a library; wellness/telehealth center with fitness areas, spa and salon; club room; activity room and a large gathering space for community events and spiritual services.
Ryan and Grand Living are the co-developers, with Ryan being the design-builder and capital markets partner on the Grand Living at Naples project. In partnership with DeAngelis Diamond, the Naples-based construction firm, construction will begin December 2021. “We are honored to be working with Ryan Companies on this incredible project. They have demonstrated why they are a class-leading senior living commercial real estate provider. They are innovative and truly care about their residents and all the stakeholder with whom they work.” John DeAngelis, Co-Founder of DeAngelis Diamond, said of the project. “We are grateful to partner on this project and look forward to welcoming the residents who will call Grand Living home in the near future.”
Ryan has completed 56 senior living communities across the country and has delivered over 500 units in Florida. This project will be the 12th project in partnership with Grand Living Management and the fifth in the state.
