Oppidan breaks ground on Ananta Senior Living Community in Santa Cruz

Santa Cruz, Calif. – (JULY 9, 2025) – Oppidan Investment Company, a national property development firm headquartered in Excelsior, Minn., broke ground on Ananta Senior Living Community, a 75,000 square foot senior living community located at 102 Pelton Avenue, Santa Cruz, Calif.

This is the 12^th senior living community developed by Oppidan across the country and its fourth in California, including The Watermark at Napa Valley, The Hacienda Mission San Luis Rey in Oceanside and Clearwater Newport Beach.

Calson Management, a second-generation, family-owned company, will serve as the management company for Ananta Senior Living. Calson Management operates eight properties across California and this is the first time Oppidan has partnered with Calson Management.

Ananta Senior Living Community will offer 76 apartments with assisted living and memory care options. Residents will have the choice of studio, one bedroom and two bedroom apartments. Amenities include several outdoor courtyards, a theater, dining room with pizza oven, living room and gelato bar, salon, wellness center, and multiple lounge spaces with soothing Mediterranean-inspired decore. Several apartments and community spaces will have ocean views.

“We’re proud to continue our tradition of partnering with faith-based communities through this new senior living development next to the Shrine of St. Joseph Catholic Church,” said Shannon Rusk, Senior Vice President of Development at Oppidan. “With walkable access to the church, Shrine Coffee, and the stunning coastal trails of Lighthouse Fields State Beach, this community offers a unique blend of spiritual connection, neighborhood charm, and natural beauty, making it an ideal setting for vibrant senior living in the heart of Santa Cruz.”

Construction is expected to be completed in late 2026. Ananta Senior Living will begin accepting residents in early 2027. W.E. O’Neil is the general contractor for this project and Mar-Gulf Management Inc. (“Mar-Gulf”) and MDI Capital, LLC (“MDI”), the international real estate subsidiaries of Kuwait Financial Centre (“Markaz”), are the equity partners.

Since 1991, Oppidan has built a national reputation for its work in senior housing, industrial, warehouse, mixed-use developments, and more recently, data center development.