Classic Residence by Hyatt, Plaza Companies’ Older Adult Communities Embrace New Name, Prepare to Welcome Residents to New Community

Although temperatures are dipping from summer highs, the real estate market has been heating up in North Scottsdale. Classic Residence at Silverstone and Classic Residence by Hyatt and The Plaza Companies at Grayhawk have announced they have changed their names to Vi at Silverstone, a Vi and Plaza Companies Community, and Vi at Grayhawk, a Vi and Plaza Companies Community. It was also announced that the $200+ million Vi at Silverstone older adult community will welcome its first residents when it officially opens on Tuesday, Sept. 7.

Derived from vita, the Latin word for life, Vi (pronounced VEE) represents life and the opportunities for a better quality of life. Vi personifies what being an older adult can be all about - being more vibrant, more engaged and more enriched than ever before.

With 270 independent living villas and apartment homes, Vi at Silverstone was developed through an award-winning partnership between Vi, a national leader in older adult living, and Plaza Companies, one of the state's most highly regarded real estate development and management companies. The development sits on 33 acres that formerly were the site of Rawhide Wild West Town in North Scottsdale. The opening of Vi at Silverstone signifies the companies' continued dedication to providing a fulfilling experience that enhances the quality of life for older adults.

"Vi at Silverstone has set the new standard for what a vibrant older adult community should be," said Gail Rankin, executive director of Vi at Silverstone. "From the wide variety of amenities to the numerous social, educational, and cultural opportunities for our residents, Vi at Silverstone offers best-in-class services to those who want to live life to the fullest."

Surrounded by native desert landscaping, residents will enjoy beautiful mountain views, weaving pathways, 24-hour concierge service, a fully equipped fitness center, heated indoor and outdoor pools, executive chef-prepared meals in a choice of dining venues, library, salon and spa, wellness center, art studio and a host of other distinctive services and amenities to enhance their lifestyles. In addition to these amenities, one of the main draws to this state-of-the-art older adult community is how it has stayed true to the area's historic roots.

"Throughout the building process, preserving the rich history of the land, honoring the beauty of the Sonoran desert, and celebrating a place that many families would call home was vital given that the land had embodied the spirit of the American West for more than three decades," said Sharon Harper, President and CEO of Plaza Companies. "It was from these rich historic roots that a new thriving modern community has risen."

With a variety of floor plans available, resident homes are spacious and range from 912 to 2,500 square feet, with entrance fees for the community starting at $189,999^.* And to complement the independent living homes, Vi at Silverstone's Care Center with assisted living, memory support and skilled nursing residences is slated to open in late 2010.

Vi at Grayhawk is located at 7501 E. Thompson Peak Parkway in Scottsdale and Vi at Silverstone is located at 23005 North 74th Street in Scottsdale. For more information, please visit www.ViLiving.com.

*For select and available one-bedroom residences with 0% refund option and move in within 120 days of deposit. Monthly fee is additional.