WOODBURY, Minn. — Ryan Cos. US Inc., Great Lakes Management and Artemis Real Estate Partners have broken ground on Talamore Senior Living Woodbury, a 200-unit seniors housing community in Woodbury, just east of St. Paul.
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.
The age and income qualified households — ages 75 and older earning more than $75,000 a year — in the area are expected to grow by 42.3 percent from 2020 to 2025, according to a study conducted by Moore Diversified Services Inc. Talamore Woodbury is located in the city’s Gateway District, a burgeoning area with new residential and commercial development.
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 scheduled for completion in early 2023.
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