We are moving forward with the development of a 86 unit senior housing campus consisting of 30 independent units, 35 assisted living units and 21 memory care units. Targeted rents will range from $1,700 to $2,300 for independent units; $3,600 to $4,000 for the assisted living units and $4,650 to $4,850 for the memory care units. This rent structure is comparable to existing facilities and other new campuses that are currently being constructed across Minnesota and the Upper Midwest.
The management team of the project is Tealwood Senior Living of Bloomington, MN which has operated more than 40 senior facilities in four upper Midwest states. The Architects are Trossen, Wright, Plutowski Architects of Robbinsdale, MN. Many local and area contractors will also be involved in the project. Builders hope to break ground after the Fourth of July, 2018 and say construction will take about 14 months.