Astoria Healthcare Enters Seniors Housing Sector with 110-Unit Community in Phoenix

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.