CCP 07-25-1994 - Laserfiche WebLink

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Arden Hills . Housing project begins FocUS News--Tues.. July 19,1994-5 A senior housing project broke ground last , week in the city. I , Page 2 I . . ARDEN HILLS. Officials dig in on senior housing project SHELBY NICOLAus-DUNSKI "We noticed there is a good demand for Potential tenants are already lining up for a senior housing com- senior housing in that area. " plex, the construction of which started just last week in Arden Hills. - Michelle Gumaelius Collage Villas, a 61-unit low-income senior housing facility expected to open in December, bas been causing a stir in the city. involved in, City Planner Brian Fritsinger said. Micbelle Gumaelius, marketing director for the project's devel- Presbyterian Homes operates a senior housing facility in Arden oper, Cottage Lifestyles Inc., said the company bas received 400 Hills. But, other than that, the city is barren of any senior housing, inquiries so far this year on the project be said. As city and company officials put their shovels to the ceremoni- 'There was a great deal of interest" in senior bousing, Fritsinger ous dirt last week, nearly half of the complex was already rented. said, refeIring to a pre-lease survey conducted by the developer. I "As word spreads, people call," Gumaelius said. "We noticed The project's construction signals the end of two years of plans there is a good demand for senior housing in that area" The facility is the first senior housing project the city has been HOUSINGlPage 7 . From page 2 ed by a wetland at 3747 Cleveland Ave. and negotiations between the city, The project's location is its great- developer and land owner. est amenity, Fritsinger said. Fritsinger said. "'There'll be a lot of green space It is expected to be finished and around it," he said. open sometime in December. Cottage Villas is the developer's The project includes 15 one-bed- first two-story senior complex. The room, 31 two-bedroom and 15 company is :m offshoot of a larger three.bedroom units. The one-bed- development company which over- room units are estimated to have saw other senior projects, including 750 square feet of space. The two- Cottages of Nonh 51. Paul and Cot- bedroom units will have 950 square tages of Mapl~wond. feet and the three bedroom units, "In the past, they've all been 100 . 1,100. percent reserved by the time con. Rent will run $385 to $500 to struction is completed," Gumaelius qualifying tenants. To qualify, said. Gumaelius said Arden Hills is renters may not earn more than a good location because of the $21,400 for one person, $24,500 for demand for senior housing and two :md $27,550 for three. because the developer would like to The two-story building will sit on "get things spread out between St. about seven acres of land surround- Paul suburbs." -..