IPA Plans Another Phoenix Seniors Housing Development
Investment Property Associates and Retirement Community Specialists have partnered to develop a seniors property in the Ahwatukee neighborhood of Phoenix, near the southwest corner of Chandler Blvd.
By Dees Stribling, Contributing Editor
Phoenix—Investment Property Associates LLC (IPA) and Retirement Community Specialists (RCS) have partnered to develop a seniors property in the Ahwatukee neighborhood of Phoenix, near the southwest corner of Chandler Blvd. and 50th St. The eight-acre site of the planned seniors development is part of a 35-acre mixed-use parcel acquired by IPA in 2012.
The seniors property, which will be called Generations at Ahwatukee, will include 128 units with a mix of independent living, assisted living and memory care. It will be operated by RCS, which is a seniors management company based in Ahwatukee.
The unit mix includes studio, one- and two-bedroom apartments as large as 1,150 square feet, and some will feature private balconies or patios. The property will offer a variety of amenities, including a theater, fitness center, library, salon/barber shop, pool, community gardens, activity centers and restaurant-style dining rooms.
The Generations at Ahwatukee site is fully entitled and IPA expects to break ground in the fall. MC Clark-Wayland Builders of Scottsdale will be the general contractor, with architectural services provided by Todd & Associates of Phoenix. Thoma-Holec of Mesa, Ariz., will provide the interior design.
Generations at Ahwatukee will be to the north of the 402-unit Liv Ahwatukee, another of IPA’s multifamily residential properties, which is scheduled to open this summer. Besides those two developments, IPA opened the 322-unit Liv Avenida in Chandler, and the 118-unit Generations at Agritopia in Gilbert, in 2012. The company’s 402-unit Liv Northgate is slated to open in June, and its 240-unit Liv North Scottsdale will open this September.