US-based developer Ryan Companies and Great Lakes Management, a real estate firm, have partnered to build their third Talamore senior living community in Woodbury, Minnesota.
Located near the intersection of Hudson Rd. and Settlers Ridge Parkway, the 200-unit senior living community, dubbed Talamore Woodbury, will include independent living, assisted living, memory care and care suites accommodation options.
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The project will be developed, designed and built by Ryan Companies. Upon completion, the project will be operated by Great Lakes Management.
Talamore Woodbury will include multiple dining venues, a library, wellness/tele-health centre with fitness areas. It will also feature a spa and a salon, a club room, an activity room and a large gathering space for community events and spiritual services.
Ryan Companies senior vice president of real estate development – senior living Eric Anderson said: “We are thrilled to once again partner with Great Lakes Management to bring state-of-the-art senior living communities into the upper Midwest.
“Our recent projects include Talamore St. Cloud that opened in February of 2020, and Talamore Sun Prairie, located in the Madison, Wisconsin market, will open up in the second quarter of 2021.
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By GlobalData“The St. Cloud project recently was recognized by NAIOP for an Award of Excellence in senior living, and we’re excited to replicate that level of excellence in this region.”
Construction on Talamore Woodbury is expected to start from mid-2021.
Great Lakes Management president and CEO Michael Pagh said: “We couldn’t be more excited for this opportunity to bring a third Talamore to the Midwest. Like our previous Talamore communities, our vision is to create an inviting environment that inspires an engaged lifestyle.
“The crafting of the building’s design, amenities and available services will combine to make this senior living community truly unique and special.”
In the past six years, Ryan Companies has developed over $1bn and over 4,100 units throughout the country.
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Ryan Companies, Great Lakes Management to build senior housing project in US. (Credit: Ryan Companies US, Inc.)
