Ryan Cos. Opens Tampa-Area Luxury Senior Community
The property is part of an 11,000-acre master-planned community.
Ryan Cos. has opened Grand Living at Wellen Park, a 204-unit luxury senior living community in Venice, Fla. The company served as the developer, general contractor and investor of the 235,267-square-foot property, while its design studio, Ryan A+E Inc., was the main architect. Grand Living Management, an investor in the community, will operate the property.Â
Grand Living at Wellen Park comprises 156 independent and assisted living units and 36 memory care units. The development also includes twelve separate villas with independent living with two bedrooms and two-car garages.
The four-story building incorporates studios, one- and two-bedroom floorplans ranging between 450 and 1,300 square feet. Common-area amenities include a swimming pool, a hot tub, a wellness center, fitness areas, a spa, a salon, a club room, a library, gathering spaces, dining venues, a pet park, a putting green, outdoor recreational areas and fire pits.
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Located at 19985 Market Way, Grand Living at Wellen Park is within southern Sarasota County. The community is near Route 41, which provides direct access to central Fort Myers. The property is within walking distance of a downtown area featuring an 80-acre lake, entertainment venues, active parks, retail centers, waterfront dining and pedestrian-friendly trails.
Demand for senior living continues to grow, despite negative economic conditions. Independent living, assisted living and memory care experiencing an increase in occupancy.
A master-planned project
Grand Living at Welen Park represents one of the many developments within Wellen Park, a master-planned community encompassing 11,000 acres located in southern Sarasota County. Almost a decade ago, a partnership between Mattamy Homes and Vanguard Land, alongside other developers, purchased the approximately 9,600 acres which represented the remainder of the former Berry and Taylor family ranch.
The developers invested about $100 million at the time and rebranded the community as the West Villages, according to public records. The master-planned area now includes several residential neighborhoods, a shopping center and CoolToday Park.