Minneapolis – (3/14/19) – The University of Minnesota Alumni Association today announced it has named the Pillars of Prospect Park its first senior living community partner, reshaping the future of housing in the U's backyard. While the property will offer a superior blend of services and amenities ranging from retail providers to assisted living, memory care, and a daycare onsite, it's the community and U of M lifestyle offered to residents that will set it apart.
Unique to this community will be its intergenerational programming. The “grandfriends” who live in the community will have meaningful opportunities to engage with the younger daycare children through play and activities. Additionally, its proximity to the University of Minnesota will allow special collaborations with University students, including learning, research, internships and career opportunities related to senior living and health care as well. Through the partnership, the Alumni Association is providing all residents Life Memberships that unlock a wide variety of campus benefits, experiences, special invites to Alumni Association events, travel opportunities and so much more.
“The Alumni Association is proud to partner with Oppidan and Ebenezer on Pillars of Prospect Park,” said Lisa Lewis, Alumni Association President and CEO. “When alumni and friends of the University are ready to make the transition to senior living they now have access to a wonderful, vibrant community to welcome them and offer a U of M lifestyle they can't find anywhere else.”
Located at 22 Malcolm Ave. SE, Minneapolis, Minn., 55414, the Pillars of Prospect Park, a new 340,000-square-foot senior living community, will offer 283 apartments with independent living, assisted living and memory care options. An additional 1,900 square feet will be built around a retail tenant (yet to be determined) and 6,230 square feet will be designated for a daycare serving 100 children ranging from infant to pre-K and will include indoor/outdoor playgrounds.
“Intergenerational programs are invaluable to the students, children and older adults who participate,” said Shannon Rusk, Oppidan Senior Vice President of Development. “Seniors draw from the energy of the children and the children benefit immensely from the love and wisdom of the seniors. We are delighted to offer this programming in our newest community at Prospect Park.”
The new senior living community will also boast all the comforts of home, including a club room, chapel, theater, fitness center with golf simulator, roof deck, bistro, salon/spa and in-unit washer/dryer, stainless steel appliances, granite counters, walk-in closets, balconies (for most units) and underground parking. Units will also feature oversized windows to capture views of the U of M Campus and Minneapolis skyline.
“As we age, we are faced with a major decision of whether or not we should leave our homes and move into a senior community,” said Ebenezer Jon Lundberg, President and CEO. “For some seniors, this move is necessitated by health needs. For others, they simply want to make life easier by eliminating the household tasks they’ve handled for years, like shoveling snow. It’s a hard decision to make, but we hope to make it a little easier.”
The Pillars of Prospect Park is expected to open in Spring 2020. Upon completion, the senior living community and daycare will be managed by Ebenezer Management Services, the largest senior housing operator in the state. This is the fifth joint project between Oppidan and Ebenezer. Other properties include White Bear Heights, Highlands of St. Paul, Shorewood Landing, and a new community, The Pillars of Mankato, which will open at the beginning of April.
About Ebenezer Management Services
Ebenezer Management Services is Minnesota’s largest residential management company in Minnesota that specializes in senior housing. Part of Fairview Health System, Ebenezer Management Services develops, consults and provides management services to more than 91 senior communities throughout Minnesota and Iowa.
About Oppidan Investment Company
Since 1991, Oppidan Investment Company has been providing development, construction and project management, asset management, and brokerage services to the retail, industrial, commercial, residential, senior housing and mixed-use markets. The firm has successfully developed more than 450 projects spanning a total of 15.8 million-square feet in 35 states and Canada with a total value of more than $3.0 billion. Oppidan’s client list includes Duluth Trading Company, Ebenezer, Northern Tool, Cub Foods, Hornbachers, Target, Sprouts, GE Oil & Gas, Goodwill, ABRA Autobody, and more.