Ryan Cos. to Complete Its Largest Senior Housing Project
Wells Fargo Bank provided construction financing for the 281-unit community in St. Louis.
Clarendale Clayton. Image courtesy of Ryan Co.
After topping off at the beginning of the year, Ryan Cos.’ largest senior living project to date is nearing completion. The 281-unit Clarendale Clayton in St. Louis will be the company’s tallest development built using cold-formed metal framing. The $120 million luxury project is slated for delivery next month.
Clarendale Clayton is Ryan Cos.’ second senior housing development within the city, built in partnership with LCS and Harrison Street Real Estate Capital. According to St. Louis County records, the joint venture acquired the land in April 2019, with the groundbreaking following shortly after. Wells Fargo Bank provided an $80 million construction loan for the project.
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Rising at 7651 Clayton Road, the 13-story community will provide 195 independent living apartments in one-, two- and three-bedroom configurations. The independent living floorplans will range between 684 and 2,300 square feet.
Clarendale Clayton will also feature 66 assisted living apartments, that will be available in studio as well as one- and two-bedroom floorplans. Twenty studios will serve as memory care units.
Premier Clayton location
The community is within walking distance of the Clayton Road retail corridor and provides easy access to Interstate 170. Downtown St. Louis is less than 9 miles east. The local branch of SSM Health St. Mary’s Hospital and Oak Knoll Park are within 2 miles of the community.
Amenities are set to include an art studio, various dining spots, a bar, a theater, a salon as well as wellness and fitness centers. The 12th floor will provide a community room that opens to an outdoor terrace. The senior living community will also provide services focused on health and wellness, along with an individualized care program for the benefit of the memory care residents.
Earlier in August, the joint venture reached a construction milestone on another senior housing community. The partnership topped off a 258-unit project in Chicago, scheduled to come online in the fall of 2022.
