Santa Ana-based developer Nexus Cos. is betting that a luxury retirement community going up near Hoag Memorial Hospital Presbyterian in Newport Beach will draw heavy interest from wealthy residents expecting amenities that go well beyond weekly bingo games and Matlock reruns.

Nexus last week broke ground on Vivante on the Coast, a 185-unit retirement community that’s going up on Monrovia Avenue in Costa Mesa, the site of a former industrial property.
The amenity-laden project, located about 1 mile from Hoag Hospital, is expected to cost about $60 million, including $10 million the developer paid for the land, said Nexus President Cory Alder.
The three-story project should be completed by late next year. About 40 units at the project have been preleased, according to the developer.

Skyline

Vivante is the highest-profile project Nexus has taken up locally since finishing up construction of Santa Ana’s two-building Skyline at MacArthur Place—the tallest residential buildings in Orange County—about four years ago.

It also could be the start of new line of business for Nexus, which is considering a similar retirement community project in Palm Springs, and eyeing sites in Los Angeles and Northern California.

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