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Market Analysis for Downtown Redevelopment ***Draft***
<br />City of Centerville Economic Development Authority
<br />April 3, 2023
<br />3.12Profiles of Selected Senior Housing Communities in the Downtown Centerville PMA (Continued)
<br />Vacant Unit
<br />Rent per
<br />Units
<br />UnitsTypeSize of UnitBase Rent
<br />PropertySquare Foot
<br />Market-Rate Active Adult Rental
<br />4701BR705-1,005$979-1,266$1.39-1.80Rent includes heat, water, sewer, and
<br />Chauncey Barrett Gardens
<br />7022 Centerville Rd2BR964-1,020$1,194-1,481$1.24-1.54
<br />trash removal. Community room,
<br />Centerville
<br />exercise room, guest room, storage
<br />lockers, individual patios and balconies,
<br />Year Built: 1988
<br />and surface parking lot with garages
<br />available. Wait list.
<br />9311BR700-900$1,175-1,375$1.68-1.96Rent includes heat, electricity, water,
<br />The Boulders
<br />3533 Willow Ave2BR1,000-1,273$1,475-1,975$1.48-1.98
<br />sewer, and trash removal. Limited
<br />White Bear Lake
<br />community spaces, fitness center,
<br />storage lockers, individual patios and
<br />Year Built: 2003
<br />balconies, and surface parking lot.
<br />8001BR786$1,655$2.11Rent includes water, sewer, and trash
<br />The Arbors of White Bear Lake
<br />4800 Division St2BR1,150$2,100$1.83
<br />removal. Community room, exercise
<br />White Bear Lake
<br />room, guest room, storage lockers,
<br />individual patios and balconies, in-unit
<br />Year Built: 2001
<br />washer and dryer, and surface parking
<br />lot.
<br />Independent Living with Services
<br />420Studio441-649$2,445-2,930$4.51-5.54Meals are available but not included;
<br />Harbor Crossing
<br />4650 Centerville Rd1BR545-880$2,775-3,590$4.08-5.09
<br />units include full kitchens, in-unit
<br />White Bear Lake2BR1,060-1,137$4,275-4,540$3.99-4.03
<br />washer and dryer, and some
<br />patios/balconies; amenities include
<br />Year Built: 2016
<br />community room, dining room, fitness
<br />center, and guest suites. Monthly fee
<br />includes heat, central air conditioning,
<br />water and trash.
<br />--- Continued on Next Page ---
<br />Source: Interviews; community websites; LOCi Consulting LLC
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