Ryan Companies US, Inc., Great Lakes Management and Artemis Real Estate Partners celebrated the ground-breaking of Talamore Senior Living Woodbury in Woodbury, Minnesota, which financially closed last month. This comes six months after the Woodbury city council approved the 200-unit senior living community that will be located near the intersection of Hudson Road and Settlers Ridge Parkway in the east metro.
“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,” said Eric Anderson, senior vice president, senior living, Ryan Companies. “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 will be a four-story, 245,00-square-foot senior living community with 90 independent living units, 70 assisted living units, 26 memory care units and 14 care suites. It will include multiple dining venues; a library; wellness/telehealth center with fitness areas, spa and salon; club room, activity room and a large gathering space for community events and spiritual services.
According to Michael Pagh, president and CEO of Great Lakes Management, the company’s 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,” he said.
Ryan is the developer, builder and capital markets partner. Ryan Architecture + Engineering is the design architect and provided interior design, landscape architecture and civil engineering services. UrbanWorks will serve as the architect of record and Bell Bank is the lender for the project. Upon completion, Ryan, Great Lakes Management and Artemis will own Talamore Woodbury with Great Lakes Management handling day-to-day operations and Ryan providing asset management services.
This is Ryan’s third project with Great Lakes Management, and it is expected to be completed in early 2023. Previous projects include Talamore St. Cloud and recently opened Talamore Sun Prairie just outside of Madison, Wisconsin.