With all of its oldsters, South Florida would seem a natural for seniors housing ventures. Yet when it comes to congregate-care-type projects, smaller facilities are finding it harder to compete. Two developers, however, have projects coming off the drawing boards that may help fill the seniors housing gap.

One of the most ambitious is a new Classic Residence by Hyatt. The hotel chain, which has been rapidly growing its stake in the seniors market, has announced a 539,602-sf complex for six acres at 19333 W. Country Club Drive in Aventura, adjacent to the Turnberry Isle Resort & Club and across from Aventura Mall.

Construction cost is put at $140 million. Twin 23-story towers will provide 402 independent living units in addition to on-site assisted living, Alzheimer’s care, respite and restorative care, as well as long-term skilled nursing.

Hyatt is already a major player in the region’s senior living communities market. The hotelier owns, manages and markets facilities in Boca Raton, Hollywood, Lantana, Plantation and Pompano Beach.

Another player, Paul Giovannetti of Realplan Consultants, with MGG Capital Corp. of Miami, will build a $30-million assisted-living facility at Pembroke Street and Douglas Avenue in Miramar. Additionally, three projects totaling $25.3 million sf are planned by Pearlman & Associates of Hollywood for sites in Hallandale, Miami and Delray Beach.

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