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Vi at Lakeside Village, Lantana, Florida (1996).Vi at Bentley Village, Naples, Florida (1992).Communities Continuing Care Retirement Communities As a result, Kevin Poorman, vice chairman of the company, was appointed to fill her role. In January 2012, Pritzker announced her resignation as Vi Senior Living chairwoman. The continuing-care retirement communities were rebranded as Vi, while rental properties were renamed to “Classic Residence, a Vi Community.” Ĭlassic Residence officially rebranded as Vi in June 2010 (pronounced “vee”, derived from “vida”, the Latin word for “life”). Between 20, the following communities opened: Vi at Aventura in Aventura, Florida (2003), Vi at Palo Alto in Silicon Valley, California (2005), Vi at Highlands Ranch in Highlands Ranch, Colorado (2008), and Vi at Silverstone in Scottsdale, Arizona (2010). In 2002, Vi at The Glen in Glenview, a suburb of Chicago's North Shore opened its 1,000-acre master-planned community. Vi at Grayhawk, one of two Vi communities in Scottsdale, Arizona, opened in 1999. The company acquired TidePointe in Hilton Head Island, South Carolina out of bankruptcy in 1998.
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In the coming years, Vi continued the trend of developing and acquiring retirement communities. A big part of Classic Residence by Hyatt and Vi Senior Living's lifestyle is the variety of amenities offered to residents, which resemble continuing education in the form of field trips, group discussions, and classes. The Lakeside Village community includes two restaurants and cafes, bar and ice cream shop, a beauty salon, fitness center, swimming pool, and hosts regular bus trips for residents. The same year, Vi at Lakeside Village in Lantana, Florida was acquired. In 1996, Vi purchased its first residential tower of La Jolla Village in San Diego, California. This location has since been renamed Vi at Bentley Village. Growth and Development Īs Classic Residence made efforts to expand under Vi Senior Living, its first acquisition of Bentley Village, a continuing care retirement community in Naples, Florida, was completed in 1992. Before Classic Residence by Hyatt rebranded to Vi Senior Living, the first Classic Residence rental communities were located in Monterey, California, Chevy Chase, Maryland, Teaneck, New Jersey, Dallas, Texas, Reno, Nevada, and Chicago, Illinois from 1989 to 1990. In total, Classic Residence by Hyatt, since rebranded as Vi Senior Living, developed six original communities and acquired another four communities, each of which required additional development.
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The Chicago-based company acquired a few high-end independent living rental communities that contained assisted living units. The Pritzker family background in founding the Hyatt hotel chain and Marmon Group inspired Penny Pritzker's vision to bring high-end hospitality to senior living communities across the United States.
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Vi Senior Living, formerly known as Classic Residence by Hyatt, was founded in 1987 by Penny Pritzker.