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December 6, 2021updated 27 Jul 2022 5:40pm

Ryan and Grand Living Management launch senior living scheme in Florida

The four-storey community project will feature 206-units, with 166 being independent and assisted living units.

Ryan Companies US (Ryan) and Grand Living Management have launched the construction of a senior living scheme, called Grand Living at Naples, in Florida, US.

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The 241,071-ft² four-storey community project will feature 206-units, with 166 being independent and assisted living units, with the remaining set to be memory care units.

Working in partnership with construction firm DeAngelis Diamond, the construction of the project is expected to complete in Q3 2023.

Ryan senior living SVP Eric Anderson said: “As Ryan continues to fulfil the demand for senior housing, we’re proud to once again partner with Grand Living Management to deliver another luxury-inspired community in South Florida.

“Grand Living at Naples will set a new standard for senior living in the market with superior care and state-of-the-art amenities within one of the most accessible locations in Naples.”

This project will feature Grand Living’s ‘age-in-community’ approach, which enables people to live in their original apartment even as their healthcare requirements alter.

Claimed to be promoting longevity and a healthy lifestyle for residents, the project’s design will incorporate amenities such as a library, wellness/telehealth centre with fitness areas, spa and salon, several dining areas, club room, an activity room and a space to gather for spiritual services and community events.

The project is being co-developed by Ryan and Grand Living, with Ryan serving as the design-builder and capital markets partner.

Commenting on the project, DeAngelis Diamond co-founder John DeAngelis said: “We are honoured to be working with Ryan Companies on this incredible project. They have demonstrated why they are a class-leading senior living commercial real estate provider. They are innovative and truly care about their residents and all the stakeholder with whom they work.

“We are grateful to partner on this project and look forward to welcoming the residents who will call Grand Living home in the near future.”

Across the US, Ryan has finished 56 senior living communities and delivered more than 500 units in Florida.

For Ryan, Grand Living at Naples will be the 12th project in partnership with Grand Living Management as well as the fifth in Florida.

In October, Ryan Companies formed a joint venture (JV) and began the construction of Grand Living at Tuscan Lakes, a luxury senior living community at League City, Texas.

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Internet of Things set to transform the construction industry

The Internet of Things (IoT) is proving hugely beneficial to the construction industry, allowing different assets and people to be monitored and accounted for across a traditionally fragmented industry. As a result, companies that invest in IoT now promise to make long-term gains in the industry. According to GlobalData forecasts, spending on IoT in construction will reach $9.6bn by 2025. For an industry that has large sites to manage, strict project timelines, hazardous working conditions, and tight profit margins, IoT can create a manageable view of construction sites for project managers, streamline operations, and protect workers. In addition, it allows real-time data streams of assets, automates time-consuming tasks, and ensures employee safety and productivity. IoT integration with equipment manufacturing also has rich advantages for asset monitoring sensors. This, combined with artificial intelligence (AI) can help forecast materials and workers needed during the procurement stage and assist in forecast financing. Read GlobalData’s whitepaper to find out more, including information on:
  • IoT value chain
  • Market size and growth forecasts
  • Mergers and acquisitions
  • Leading IoT adopters in construction
  • Specialist IoT vendors in construction
Don’t get left behind – find out how IoT can fortify your operations and make investments now.
by GlobalData
Enter your details here to receive your free Report.

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