SCOTTSDALE, Ariz. — The Wolff Company, a Scottsdale-based private equity firm and senior living developer, has broken ground on Revel Scottsdale, an independent living apartment community in the company’s hometown.
The three-story community is expected to open in late 2020 and will feature 157 units in studio, one- and two-bedroom layouts.
Wolff cited an underserved and growing affluent senior population in Scottsdale as the reason for building. The U.S. Census Bureau named Scottsdale, a suburb of Phoenix, as the fourth-fastest-growing metropolitan area in the country.
Revel Scottsdale joins a portfolio of 18 other senior living communities from The Wolff Company that are either under development or currently open.