PHOENIX — Astoria Healthcare Properties has started construction of its first seniors housing community, The Retreat of Alameda in Phoenix.
The Kansas-based developer specializes in ambulatory surgery centers, surgical specialty hospitals and medical office buildings.
“Adding senior living as a product type is a natural extension for us,” says John Foudray, the company’s CEO. “Our expertise is developing healthcare facilities with the goal of providing higher quality care at a lower cost. Not only is the demand for senior living increasing, but the ability to provide a product that provides quality care at an affordable price is in greater demand.”
The new development will offer 72 assisted living units and 38 memory care units in a 93,000-square-foot building.
triARC Design provided design work on the project. Paradigm Senior Living will operate the community upon completion, which is planned for March 2021.