‘Multigenerational’ parish campuses coming to Phoenix with new senior living facilities

A property development group is addressing the lack of reliable senior housing by building senior living communities on Catholic church properties. Acanthus Development has closed several leases for its senior living project, which has been more than five years in the making. Acanthus collaborates with parishes by renting land on the church campus and taking responsibility […]

How and why Phoenix-area churches, developer partner for senior living on church land

As some churches struggle with dwindling congregations, a handful of Catholic parishes around the Valley are looking at a creative solution: adding senior housing on their campuses. Acanthus Development Co., a developer of senior housing, has finalized five ground leases with Valley Catholic parishes and is in talks with 10 to 15 more, Christopher Bayley, […]

Developer Plans Senior/Assisted Living on Catholic Campuses

Acanthus Development recently announced an agreement with the Roman Catholic Diocese of Phoenix in which it will undertake ground leases to build and manage senior housing developments on parish campuses in the metro area. The first project will be St. Benedict Senior Living on South 48th Street south of Chandler Blvd. in Phoenix. A minor General Plan amendment and rezoning requests […]

Acanthus development to build senior housing communities on Catholic campuses

Acanthus Development announced on Friday that it has reached an agreement on five ground leases to build and manage senior housing communities on parish campuses throughout the Diocese of Phoenix.  St. Benedict Catholic Church in Ahwatukee, a southern suburb of Phoenix, is slated to be the first of five planned locations for senior housing in […]

Scottsdale developer plans senior living projects on Catholic church campuses

Five sites already approved; work could start in 2025 Scottsdale-based Acanthus Development, which was formed this year to build senior living communities on Catholic church campuses around the country, plans to build its first five projects in metro Phoenix. Total development costs for the five projects range from $235 million to $250 million. The Roman […]