Minneapolis developer United Properties has a contract for land in Eden Prairie, MN and appears to be planning both senior and multifamily housing at the site.
A contract for deed dated to May 30 shows that United Properties is buying 4.4 acres at 16389 Glory Ln. from a church, Resurrection Life Ministries. The purchase price is listed as nearly $1.63 million, which would work out to about $368,500 an acre.
The document was signed by two United Properties executives in its senior housing team, Mark Nelson, senior vice president and director of senior housing development, and Alex Hall, senior vice president of senior housing.
Eden Prairie City Planner Julie Klima said Wednesday that the city has received a land use development application for the property, which is currently under review by its staff.
United Properties’ proposal includes 100 cooperative senior housing units, six townhomes and 58 multifamily units, she said in an email statement.
The parcel is a triangle of land bounded by Highway 212, Eden Prairie Road and Highway 5 / Arboretum Boulevard, positioned just south of Birchwood Laboratories’ 10-acre corporate campus and headquarters. The Minnesota River Bluffs LRT Regional Trail runs along its southeast side. The site is also about one block north and east of Miller Park.
Neither church officials nor executives at United Properties could be immediately reached for comment.
According to Hennepin County property records, the land last sold in June 2000 for $302,000.
United Properties develops senior housing under two brands, Cherrywood Pointe and Applewood Pointe.
Applewood is a housing cooperative for active seniors. The first was built in Roseville in 2004. There are now 12 Applewood locations, all in the Twin Cities suburbs, and three more on the way in Eagan, Maple Grove and Champlin.
Cherrywood offers independent living as well as additional services housing such as assisted living and memory care units. There are five existing Cherrywood locations, all of which are also outside Minneapolis and St. Paul proper.
Both chains are operated by Ebenezer Management Services, which is a division of the Minneapolis-based healthcare provider Fairview Health.
