The Twin Cities have experienced a boom in senior housing development as part of a larger trend to provide more care options to its elderly residents, reports the Star Tribune.
In the past year, more than a dozen senior living communities have opened or are under construction, now that a backlog of projects during the 2008 recession have finally become unfrozen.
The Star Tribune writes:
Statewide, the number of housing projects offering senior services increased by nearly 200 since March 2007, to about 1,150 by last month, said Darcy Miner, director of compliance monitoring for the state Department of Health.
Ebenezer Management Services opened five senior centers last year with a total of about 450 apartments, and it has two more centers underway in Burnsville and Deephaven, said Susan Farr, vice president of business development.
Presbyterian Homes opened three facilities in Bloomington, Burnsville and Arden Hills last year and is building two more in Wayzata and Brooklyn Center, said John Mehrkens, vice president of project development.
AdvertisementThe Twin Cities is a “very sophisticated senior housing market,” said Mary Bujold, president of Maxfield Research of Minneapolis.
Read the Star Tribune article.
Written by Jason Oliva
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