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HomeMy WebLinkAbout4.d. Senior Housing Update4ROSEMOUNTEXECUTIVE SUMMARY PORT AUTHORITI Port Authority Date: April 16, 2013 AGENDA ITEM: Senior Housing Update PREPARED BY: Kim Lindquist, Deputy Director AGENDA SECTION: Old Business AGENDA NO. 4.d. ATTACHMENTS: Concept Plan APPROVED BY: RECOMMENDATION: Information Only ISSUE Most recently, the City Council directed staff to work with Stonebridge Communities on a senior housing project to be located on the Steeple Center site. Stonebridge was one of the development groups who responded to the RFQ over a year ago. They are also the developer of the Waterford Commons mixed use project. At the work session on April 10, 2013, staff presented a concept plan for the senior housing project. The layout is very similar to that designed by the Doran group. With the Council's acceptance of the concept, Stonebridge will begin additional work on the site plan, building information and financials. As the Port Authority owns a portion of the land where the senior housing will be sited, staff will keep the members apprised of future developments. It is the goal of the City and developer to begin construction this fall. RECOMMENDATION No action is requested Lf) .l try Cameo Avenue West (D E 0) 0 try Cameo Avenue West