Luxury senior living project planned for former Rawhide site
by Kathleen Stinson

SCOTTSDALE – A new luxury senior living development planned for North Scottsdale calls itself the “encore of luxury living.”

Classic Residence at Silverstone, currently in the design review phase with the City of Scottsdale, is the combined vision of The Plaza Companies and Classic Residence by Hyatt.

The developer/owner partnership anticipates breaking ground on the project to be located at the former Rawhide Theme Park area in late 2007.

“It’s a very innovative and cutting‑edge lifestyle opportunity for seniors,” said Sharon Harper, chief executive officer of The Plaza Companies.

The 32‑acre site at Pinnacle Peak and Scottsdale roads will provide space for 271 independent homes in the main lodge, the villa and in single family homes. A resort style retirement community, the development boasts a variety of amenities including a fitness center and spa, indoor/outdoor pools, a championship‑caliber putting course, several dining venues, and a 1,000‑foot‑long garden view leading up to the lodge.

The units will range in size from 1,100‑2,500‑square feet and range in price for life contracts from $500,000 to $1.4 million. The development has a 90 percent refund program.

“We chose the location for its beautiful views and to give families who love the area and don’t want to relocate, an opportunity to live in the area,” Harper said.

The developers also partnered to build a similar community in the Grayhawk Master Planned Community, Harper added.