Construction of a 200-unit senior housing development has begun in Woodbury, Minnesota. The Talamore Senior Living Woodbury development has been undertaken by Ryan Companies US, Artemis Real Estate Partners, and Great Lakes Management. The groundbreaking for the community was approved six months ago by the Woodbury city council. The four-story, 245,00-square-foot Talamore Woodbury will have 90 independent living units, 26 memory care units, 70 assisted living units, and 14 care suites. It will include multiple dining venues, a wellness/telehealth center with fitness areas, a spa and salon, a club room, an activity room, a library, and a large gathering space for community events and spiritual services.
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Ryan is the builder, developer, and capital markets partner. Ryan Engineering + Architecture is the design architect. They provided landscape architecture, interior design, and civil engineering services at Talamore Senior Living Woodbury development. Bell Bank provided funding for the project through a construction loan for the project. Once completed, Ryan Artemis and Great Lakes Management will own Talamore Woodbury. Great Lakes Management handling day-to-day operations. Ryan will also provide asset management services. This is Ryan Company’s third project with Great Lakes Management. The Minnesota senior housing complex is expected to be completed in early 2023.
“We are excited to bring a new senior living community to the community. With the multiple care options and residential floor plans, seniors will have a variety of options to choose from. GLM shares our vision of creating places for people to thrive. We are very confident this new senior living option will have a positive effect on the residents and their families,” said Eric Anderson, senior vice president of senior living at Ryan Companies, “the crafting of the complex’s design, amenities, and available services will combine to make this senior living community truly one of a kind and special.”
