Ryan Cos. JV Breaks Ground on Nashville Luxury Senior Living
Old National Bank provided $58.1 million for the 172-unit Clarendale West End.
Clarendale West End. Image courtesy of Ryan Cos.
A partnership between Ryan Cos., LCS and Harrison Street Real Estate Capital has broken ground on the 172-unit Clarendale West End, a 261,000-square-foot upscale senior living community in Nashville, Tenn.
According to Davidson County records, Old National Bank provided $58.1 million in construction financing. The loan will mature in July 2027. The community is slated to deliver in the autumn of 2023, with LCS managing the property upon completion.
Clarendale West End is expected to have independent, assisted living and memory care units. Services will include education programs, group fitness classes, art programs, transportation to local shopping, as well as events and appointments. Community amenities are planned to include restaurants, a bistro, a bar, a theater, a salon and spa, a landscaped courtyard and garage parking.
A luxury option for the elderly, in midtown Nashville
The West End community will be the area’s first upscale continuum of care option to be built in 15 years. Ryan A+E Inc. will provide architectural services, while Direct Supply Aptura is be the interior designer of the project.
Located at 3416 Murphy Road, the property will be less than 2 miles south of TriStar Centennial Medical Center and some 2 miles northeast of Ascension Saint Thomas Hospital West. Midtown Nashville will also be roughly 1 mile northeast of the community. Several shopping, dining and entertainment options will be available within a 1-mile radius.
Active in other markets as well, in March, Ryan Cos. broke ground on another luxury senior housing project, in Torrance, Calif. The 158-unit Acoya South Bay is being developed in partnership with Cadence Living and Harrison Street.
