Boldt buys land for a senior project


With its $ 2.65 million land purchase from Bethel University, The Boldt Co. is getting closer to completing work on a new senior community in Arden Hills.

The Wisconsin-based development company acquired more than 6 acres of property earlier this month to build a 146-unit seniors’ residence, according to an electronic certificate of real estate value. Boldt is working on the project with New Perspective Senior Living, who says the facility will meet a need for this type of housing in the north-central suburb of Twin Cities.

The acquired land is located at 12 Pine Tree Drive, adjacent to the Anderson Center at Bethel University. The site currently consists of an open space and a wooded area around the wetlands. The Bethel campus is less than a mile north of the site, across County Road E.

Boldt and New Perspective obtained city approval earlier this year to construct a four-story building and 192,390 square feet of housing units for independent living, assisted living and memory care, according to the city ​​documents.

Planned facilities include a swimming pool, library, cinema, dog park, bowling alley, dance hall, full-service salon and spa, bistro and bar, as well as physiotherapy and wellness services. -be on site, according to the documents.

With staff on-site 24 hours a day, the facility is expected to employ 80 people with a team of up to 34, according to the documents.

New Perspective would own and manage the building, adding to its lineup of 24 senior communities in the Midwest. Requests for comment to Boldt and New Perspective were not returned at time of publication.

Arden Hills City Council approved the project in January. At the time, work was due to start in the spring, Finance & Commerce reported.

Boldt operated as Arden Hills RE LLC on the sale, which was paid in full with the down payment, according to eCRV.

The facility will provide residents of Arden Hill with another opportunity to age while remaining in the community, according to city documents.

“The proposed development provides lifelong housing, as it offers independent housing for the elderly and transitional care to more intensive care. Residents will not need to move to different units as they can add additional services to their unit as needed, ”the documents indicate.

The project is part of a larger site called the Anderson Center property. The 42-acre site also includes a property that the Lake Johanna Fire Department is acquiring to build a new fire hall, according to Finance & Commerce reports.

Building a seniors’ residence near Bethel allows students to gain experience working with seniors through mentoring, internships, jobs, Bible studies and other interactions , according to website.

“The hope is that a community of seniors located near Bethel would create a mutually beneficial learning partnership resulting in intergenerational relationships,” the website said.

The project is also located near another senior housing complex, located just west of the old Highway 10 and south of Parkshore Drive in Arden Hills. Summit Development is developing the 120-unit project, which Walker Methodist would manage, Finance & Commerce reported.

RELATED: More senior housing planned for Arden Hills

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