Development and Augustana Care Management Services plan to develop
a 86-unit senior care building in Cottage Grove, MN. The building will include independent
living, assisted living, and memory care options. Augustana Care is
dedicated to helping those we serve to live the lives that
most inspire them. Augustana’s guiding principles are to value older
generations’ talents and experience; provide the care residents
need, when and where they need it; connect residents to people and
things that mean the most to them and to support residents and families
with spiritual care that speaks to who they are.
team engaged Viewpoint Consulting to complete a market feasibility report in
December of 2013. The results were favorable, showing demand for all levels of care
proposed in the project. The unit mix is based on the market study results and Augustana’s
exceptional market knowledge. The
project is anticipated to lease up in less than 24 months; however the project
has been underwritten to a two year lease-up period.
Cottage Grove is a
growing suburban community of 35,000 people in southern Washington County, on
the southeastern side of the Twin Cities Metro Area.
It is approximately
12 miles southeast of Downtown St. Paul. Among the suburban communities
surrounding Cottage Grove are Woodbury to the north (pop. 64,238 in 2012), St.
Paul Park to the west (pop. 5,322), and Denmark Township to the east (pop.
1,776). The Mississippi River is a geographic barrier to the south and west of
Cottage Grove, separating Washington County from Dakota County.
|Architectural Firm:|| ||Pope Architects|
|Management & Operations:|| ||Augustana Care|
|Contractor:|| ||Welsh Construction|
|Anticipated Completion:|| ||September 2015|
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