Although the plans to break ground last fall fell through, First Phoenix Group’s proposal to build a 72-unit senior living building in Ramsey is still moving forward.
The financing is complex and it took longer than planned, said David Kieffer, First Phoenix Group managing director-Minnesota.
The company is planning to purchase a 6.5-acre property from Lord of Life Lutheran Church and build the Stoney River facility on the corner of Nowthen Boulevard and Highway 47.
The closing is scheduled for Aug. 10 and it plans to break ground this fall, Kieffer said.
Once finished, the two-story building, which was approved by the Ramsey City Council in August 2011, will include nine independent living suites with full kitchens, 39 assisted living apartments and 24 specialized memory care units.
The Cape Cod-style building will also feature four fireplace community rooms, a billiard room with a pub, dining/multi-purpose room, a parlor, outdoor porches, a spa with beauty parlor and exercise area, a bakery and movie theater with a 60-foot movie screen.
Rental costs will range from $1,500 per month for the independent living units to $4,900 a month for the specialized care units, Kieffer said.
Although First Phoenix had originally planned to have Ebenezer Management Services, which is part of Fairview Health Service, manage the complex, that has changed.
TriCare, LLC of Minneapolis will take care of the management, Kieffer said.
TriCare is an subdivision of the First Phoenix and Kieffer will be personally managing the facility.
Currently, the plans are to open a rental office on the Lord of Life campus in January 2013, Kieffer said.
Anyone with questions can call him at 612-759-0877, he said.
Tammy Sakry is at firstname.lastname@example.org