Sunday, November 18, 2012

Senior-living providers seek sites in NW metro - Minneapolis / St. Paul Business Journal:

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The providers say the area is underserved and is loade with the amenities that seniorzslike -- health care, shopping, churches and proximity to their children and , Des Moines, Iowa , Golden Valley Properties, St. Louis Park , Ore. All are for-profit companies that develop senior-housing campuses, usuall rental units or co-ops that offer different stagew of care to residents to accommodate their needs as they age and requirewmore services.
Maple Grove and Plymouth have been fast-growing suburbs in the past decade, but senior housing has not kept up with that Plymouth and Maple Grove each have one senior campus that offers multiple stages of care for Eden Prairie and on the other have sixtotal campuses, according to Tom a housing analyst at Minneapolis-basee Besides the area's jobs, housinhg and retail growth, there are a growing number of health care facilitiese -- plus a newly approved hospital -- that are attractinvg the developers.
Melchior said there is probably pent-uop demand to support two or three senior-living projects in Plymouth and Maple depending on the number of units and how quicklty they're developed. "We're committed to finding a site in thePlymoutuh area. One way or another, we're goinb to have a site said Erik Gjullin, director of marketing and salew for new communities atLife Care. Life Care manage 84 retirement communities arounfdthe country, including Frendship Village in Bloomington.
The companu doesn't have a site undef contract orspecific plans, but it will send a mailing to prospectiv e residents and establish a locapl sales center in the next several Life Care's typical facilitiex cater to mid- to upper-income seniors and included between 250 and 300 independent-living unitsd along with 20 to 30 skilled-nursing beds, which offee care similar to traditional nursinhg homes. Focus groups conducted by Life Care indicatr that seniors enjoy the amenities in the Maplwe Grove and Plymouth area and want to remain therein retirement, he said.
"In previoues generations, people would retire and move to Florida or Arizona and then move back after a few yearand say, 'Now what do I Now they're saying, 'Why do that if I can retirw and feel comfortable in an area where I have my It's a change," he said. Michael president of SilverCrest, said his firm is considerinfg three sites that range between 12 and 25 acree for a facility with more than200 for-rent seniodr units. Two of the sites are in Mapled Grove and one isin Plymouth. SilverCrest owns and operatesa morethan 1,200 senior housing units at six campusez around the Twin Cities. "Given the growth and it's an ideal area for a major he said.
Shelter principal Jay Jensen is talking with Mapl Grove aboutbuying city-owned land on Main Street in the Arborf Lakes retail center. Jensenh hopes to work out a deal with the citythis fall. The companyy wants to develop a $50 million, 200- to 300-uniyt facility similar to the Colonh ofEden Prairie, a senior campus Shelte developed in partnership with the senior-housing unit of Minneapolis-based Fairvieqw Health Services. Shelter and SilverCrest plan to competw for a contract to provide rehabilitation services for patients at the Maplde Grove hospital being developesby Minneapolis-based Fairview Health Services and Robinsdale-based Nort h Memorial Health Care.
Both SilverCresg and Shelter say they'd build without that

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