Ryan Companies and Grand Living Management Kick Off Construction on Grand Living at Wellen Park

TAMPA, Fla. (Sept. 8, 2021) – Ryan Companies US, Inc., a national developer, designer, builder, capital markets partner and real estate manager offering full-service commercial real estate solutions, and Grand Living Management announce today the financial closing and beginning of construction for Grand Living at Wellen Park. The luxury senior living community located in Venice, Fla. will be part of Wellen Park, a top-selling master-planned community on the state’s Gulf Coast. 

According to a study conducted by Moore Diversified Services, Inc., the 75 and older demographic with income-qualified households in the Venice area is expected to increase by 35.8% between 2020 and 2025. The 235,267-square-foot building will bring nearly 200 apartments to Wellen Park to help fulfill the demand in the area. 

“Ryan and Grand Living have a proven track record of delivering luxury, next-generation senior living communities where they are needed most,” said Eric Anderson, senior vice president of senior living development, Ryan Companies. “Grand Living is the perfect addition to Wellen Park—with best-in-class retail, restaurants and entertainment just a stone’s throw away for residents.” 

Residents at this new community will benefit from all that Wellen Park has to offer, including a robust downtown area featuring an 80-acre lake, entertainment venues, active parks, retail shops, waterfront dining and pedestrian-friendly trails and streets.  

“We have been very mindful to select partners like Ryan Companies that can layer in the appropriate diversification of residential lifestyles with the level of quality people have to come to expect at Wellen Park,” said Rick Severance, president, Wellen Park. “The addition of a luxury senior living community provides options for both Wellen Park residents who want to age in place and their senior loved ones.”

Ryan Architecture + Engineering designed the luxury-inspired, four-story building that supports Grand Living’s age-in-place model, which allows residents to remain in their original apartment even as their healthcare needs change. The building will include 156 independent and assisted living units, and 36 memory care units. Cottages built by Mattamy Homes, the master developer of Wellen Park, will also be available. The new world class community will incorporate key design features and amenities to promote a healthy lifestyle for residents including multiple dining venues; a library; wellness/telehealth center with fitness areas, spa and salon; club room; activity room and a large gathering space for community events and spiritual services.  

 “We are proud to be a part of the Wellen Park neighborhood and look forward to showing our future residents First Class Happiness, showcasing our extraordinary environment and remarkable programs and services,” said Dan Peterka, Grand Living’s president and CEO.

Ryan is the architect of record, developer, builder and capital markets partner for the project. Upon completion in March 2023 Grand Living Management will handle day-to-day operations and Ryan will provide asset management services. 

Ryan Companies has completed 50 senior living communities across the country and has delivered over 500 units in Florida. This project will be the 11th project in partnership with Grand Living Management and the fourth in the state.   

About Ryan Companies

Founded in 1938, Ryan Companies offers comprehensive commercial real estate services as a national developer, architect, capital investment consultant, builder and real estate manager with a focus on bringing lasting value to its customers and the communities in which it works. Ryan market depth includes retail, industrial, healthcare and senior living. Ryan development and corporate build-to-suit work spans a wide range of product types including office, mixed-use, hospitality, multifamily housing and mission critical facilities. Ryan has nearly 1,600 employees in 15 offices and has completed projects in 39 states. For more information, visit ryancompanies.com.

About Grand Living Management

Grand Living’s leaders are seasoned entrepreneurs specializing in the development and management of distinctive senior living communities with a hospitality focus. The organization is driven by its passion to provide remarkable, personalized experiences for the residents and their families, and by their unparalleled commitment to exceptional service. Grand Living’s vision is to be trusted leaders and innovators in senior living environments and service, recognized for embracing the uniqueness of each individual it serves. For more information, please visit grandliving.com.

 

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