Ryan Companies, Great Lakes Management and Artemis Real Estate Partners have broken ground on Talamore Senior Living Woodbury in Minnesota, the US.
The move comes six months after Woodbury city council approved the new 200-unit senior living community.
The new four-storey development will be located near the intersection of Hudson Road and Settlers Ridge Parkway in the east metro.
It will feature 90 independent living units, 70 assisted living units as well as 26 memory care units and 14 care suites.
The senior living community will also have a library; club room; multiple dining venues; and wellness/telehealth centre with fitness areas, spa and salon.
Additionally, it will include activity room along with a large gathering space for community events and spiritual services.
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Ryan is the developer, builder and capital markets partner for the project, while UrbanWorks will serve as the architect of record.
Ryan Architecture + Engineering provided interior design, landscape architecture as well as civil engineering services for the new senior living community.
The project is expected to complete in early 2023.
Once complete, Talamore Woodbury will be jointly owned by Ryan, Great Lakes Management and Artemis.
It will be operated by Great Lakes Management and Ryan will provide asset management services.
Ryan Companies senior living senior vice-president Eric Anderson said: “We are excited to bring new senior living community to the Woodbury market. With the multiple residential floor plans and care options, seniors will have a variety of options to choose from.
“Great Lakes Management shares our vision of creating places for people to thrive and we’re confident this new senior living option will positively impact the residents and their families.”
Talamore Woodbury is the company’s third project with Great Lakes Management.
Talamore Senior Living Woodbury’s ground-breaking ceremony. Credit: Ryan Companies US, Inc.