Classic Residence by Hyatt to Break Ground on New Luxury Senior Living Community in Highlands Ranch
Upscale Senior Living Community to Celebrate Groundbreaking of New Development in Highlands Ranch
CHICAGO, IL, AUGUST 02, 2006Classic Residence by Hyatt, a national leader in luxury senior living, will celebrate the groundbreaking of their newest upscale senior living community on Wednesday, August 23, 2006 at 2:00 p.m. This $150 million dollar development, a “Type A” Continuing Care Retirement Community, is the first of its kind in Colorado. Classic Residence by Hyatt’s Chairman and CEO Penny Pritzker, along with President Randy Richardson, will be in Highlands Ranch to celebrate the community’s milestone.
The 23.5-acre community, located just outside the city of Denver, will have 250 independent living residences with assisted living, Alzheimer’s/memory support and skilled nursing care services available on site to residents. In this ideal location for a premier senior living residence, older adults will enjoy views of Mt. Evans, a close proximity to two medical centers, the airport, mountains and over 60 miles of walking trails for outdoor Colorado enthusiasts. Future residences are spacious and range from 1,107 to 1869 square feet with entrance fees for the community ranging from $275,000 to $750,000.
“We could not be more pleased to present the Classic Residence by Hyatt experience in Denver,” said John Hoover, Vice President of Project Development. “The community in Highlands Ranch will be a perfect fit for the upscale living experience our company offers to residents.”
This luxury senior living community will boast a full range of services and amenities similar to that of a luxury hotel. Classic Residence by Hyatt in Highlands Ranch will offer a 24-hour concierge service as well as a fully equipped fitness center, executive chef-prepared meals and many social, educational and cultural opportunities for residents. The community is already 70% reserved with some floor plans completely reserved. Current residents of Classic Residence by Hyatt in Highlands Ranch hail from 14 different states, although the majority live in Colorado.
The developer, Shea Homes, as well as all engineers, are based locally in Colorado. The architect is Chicago-based Solomon Coldwell Buenz. Construction is slated to start in September.
The groundbreaking reception will be held at 3:00 p.m. at the Phipps Mansion on the Highlands Ranch property near the future community.
About Classic Residence by Hyatt
Classic Residence by Hyatt is a national leader in luxury living for older adults that currently develops, owns, and operates upscale senior living communities in Scottsdale, Ariz.; Monterey, Calif. (owned by Pacifica Companies and managed by Classic Residence by Hyatt); Palo Alto, Calif.; San Diego, Calif.; Highlands Ranch, Colo.; Aventura, Fla.; Boca Raton, Fla.; Hollywood, Fla.; Lantana, Fla.; Naples, Fla.; Plantation, Fla.; Pompano Beach, Fla.; Glenview, Ill.; Chevy Chase, Md.; Reno, Nev.; Teaneck, N.J.; Yonkers, N.Y.; Hilton Head Island, S.C.; and Dallas, Texas. Classic Residence by Hyatt’s newest continuing care retirement community is under development in Scottsdale, Ariz. A major expansion has just been completed in San Diego, Calif. Classic Residence by Hyatt communities have earned honors for being among the nation’s finest, including Platinum, Gold and Silver Achievement Awards from the National Association of Home Builders 50+ Housing Council. The toll-free corporate number is 1-800-421-1442, and the company’s Web site is at http://www.hyattclassic.com/.
Classic Residence by Hyatt is a privately held company and is completely independent from Hyatt Corporation and other Pritzker-owned entities.
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