Drive through the suburbs of Minneapolis or St. Paul, and you'll see a LOT of new senior housing. Many of the new developments are independent senior housing communities bloated with amenities and high association fees. You won't see many of these high stake kinds of senior housing communities in Minneapolis or St. Paul. The land for new development simply doesn't exist. These land-locked communities have to get creative.
As a REALTOR and Certified Senior Advisor, I work with a lot of the senior housing communities in the Twin Cities. Presbyterian Homes stands out as one of the forward thinkers in the metro area. They are expanding their portfolio and trying some daring new strategies that have the potential to make a huge impact on the seniors living in the cities and first-ring suburbs such as St. Louis Park, and Edina.
Presbyterian Homes development in the north gateway area of Cottage grove is taking place where a 14-acre shopping center used to be. They are replacing the shopping center with 86 new independent living units, 42 assisted living units, and 18 rooms in a memory-care unit. The project will also include retail space to serve the senior residents who live there. You won't find many senior housing developers in the metro that are willing to take an existing space, and reform it while holding retail space in their portfolio. It's simply not done.
They also hold a Roseville shopping mall and a Nicollet Mall Office Building in their portfolio. (If anyone from Pres Homes reads this, hold me a unit in that new Nicollet Mall site!)
The Twin Cities is fortunate to have a plethora of senior housing options, and it' only going to get better.