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Market Analysis for Downtown Redevelopment <br />City of Centerville Economic Development Authority <br />April 3, 2023 <br />3.12Profiles of Selected Senior Housing Communities in the Downtown Centerville PMA <br />Vacant Unit <br />Rent per <br />Units <br />UnitsTypeSize of UnitBase Rent <br />PropertySquare Foot <br />Income- and Age-Restricted Rental <br />Trailside Senior Living 7001BR$480-900$0.62-1.15780Income restricted. Heated underground <br />19850 Forest Rd2BR$632-1,141$0.67-1.20950 <br />parking included, community room, <br />Forest Lake <br />activity room, fitness center library, and <br />in unit washer and dryer. Rent includes <br />Year Built: 2011 <br />water, sewer, and garbage. <br />4501BR781Rent is 30% of Income <br />Willow Woods Apartments <br />Income restricted to 50% of Area <br />3441 Willow Ave <br />Median Income. Surface parking lot <br />White Bear Lake <br />available. Two-year wait list for units. <br />Year Built: 1997 <br />Income restricted. Townhomes with <br />John Jergens Estates 3001BR781$1.04$809 <br />57 14th Avenue Southeast2BR907$953$1.05 <br />private entrances, limited community <br />Forest Lake <br />spaceand in unit washer and dryer. <br />Rent includes water, sewer, and <br />Year Built: 1990 garbage. <br />--- Continued on Next Page --- <br />Source: Interviews; community websites; LOCi Consulting LLC <br /> <br /> <br /> Page | 54 <br /> <br />