Star Tribune Thu, 24 Apr 2008 04:39:15 GMT
Twin Cities suburban trend: Silver-lined home market
n a suburban housing market chilled by recession and mortgage woes, one segment of housing is still hot: independent housing for seniors. In the development pipeline are almost 600 units in Bloomington, more than 700 units in Edina, and about 145 units in Richfield. Roseville's first housing development proposal in three years is a 93-unit senior co-op that would be the sister to a successful co-op built a few years ago. ... Presbyterian Homes & Services alone has recently opened or is planning suburban Twin Cities developments that include about 800 units for independent seniors. Ecumen, another large nonprofit specializing in senior housing and services, is doing a condo conversion in Cannon Falls that will include 40 senior apartments, and also is planning a senior development in Maple Grove with 96 apartments for active seniors. Eventually townhomes will be added.
[[keywords: Housing;Living;Metro;]]
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