Smaller Markets Get In on Senior Housing Highrise Boom

It’s becoming more common to see high-rise senior housing communities popping up in dense urban locations, like New York CityDallas and Toronto. But other, smaller cities are also getting in on the action.

Now, for example, a senior housing high-rise is expected to appear on the banks of the Zumbro River in Rochester, Minnesota, a city of approximately 216,000 people.

Once all is said and done, the planned mixed-use project—tentatively called Bloom Riverfront Towers—is anticipated to cost $180 million, according to a report in the Post Bulletin.

Advertisement

The first phase of the 1-million-square-foot project will include the construction of a 22-story tower with 215 senior living apartments, ranging from independent living to memory care. After that’s completed, a second, 26-story tower will be built. That tower will house 132 condo units and 181 hotel rooms. 

Additionally, the two towers will include roughly 37,000 square feet of ground-floor restaurant and retail space.

Before development can begin, the Rochester City Council must approve a land sale to Bloom International Realty, a developer based in the United Arab Emirates. Bloom hadn’t responded to Senior Housing News’ request for comment as of press time.

Advertisement

AE7, an architecture firm based in Pittsburgh, is set to design the project. Construction is expected to last approximately four years, according to the Post Bulletin.

Rochester isn’t the only mid-size city that may soon see a high-rise senior housing development. For example, a 42-story senior housing community is in the works in Fort Lauderdale, Florida, and a 15-story senior housing community to be operated by Life Care Services is planned for the St. Louis, Missouri, area. Additionally, Saint John’s on the Lake in Milwaukee, Wisconsin, is getting ready to start construction on another 22-story tower.

Written by Mary Kate Nelson

Recommended SHN+ Exclusives

Companies featured in this article:

,