One of the most ambitious is a new Classic Residence by Hyatt.The hotel chain, which has been rapidly growing its stake in theseniors market, has announced a 539,602-sf complex for six acres at19333 W. Country Club Drive in Aventura, adjacent to the TurnberryIsle Resort & Club and across from Aventura Mall.

Construction cost is put at $140 million. Twin 23-story towerswill provide 402 independent living units in addition to on-siteassisted living, Alzheimer's care, respite and restorative care, aswell as long-term skilled nursing.

Hyatt is already a major player in the region's senior livingcommunities market. The hotelier owns, manages and marketsfacilities in Boca Raton, Hollywood, Lantana, Plantation andPompano Beach.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.