CDA plans senior housing project in Rosemount
The Dakota County Community Development Agency has purchased property in Rosemount to build a new independent living facility for seniors.
The agency bought the northern two parcels of the Genz-Ryan property, which is located at the corner of South Robert Trail and Lower 147 Street.
Deputy executive director Kari Gill said the agency plans to build a 60-unit building. The building will be similar to the Vermillion River Crossing facility that recently opened in Farmington.
The Rosemount Port Authority has been marketing the Genz-Ryan property for several years. The port authority approved a purchase agreement with the CDA for the two parcels Oct. 15.
The two parcels will add up to nearly one acre. The entire Genz-Ryan site is 2.55 acres.
The CDA offered $300,000 for the two parcels based on an appraisal they commissioned, according to a staff memo to the port authority.
Rosemount community development director Kim Lindquist said the figure was within the price the port authority had sought for the property. She added that the whole site was being marketed for $600,000.
Gill said the agency is in the very early stages of site planning for the project. She anticipates construction will begin in fall 2014 or spring 2015 depending on project approvals. Construction will take about a year.
The CDA last built a project in Rosemount, Cameo Place, in 1997. Gill said the CDA has at least two senior buildings in most of the larger communities in Dakota County. This project will bring Rosemount more into tune with that.
“It’s been a long time since we’ve done a project in Rosemount,” said Gill.
Continued growth is expected in Rosemount and across the county. A study commissioned by Dakota County estimated the population of people over 65 would grow by 10 percent from 2010 to 2015.
Gill said Rosemount is one of the fast growing communities in Dakota County and the new facility will serve the senior segment.