july 16, 2024
New senior housing coming to St. Francis despite tough lending environment
The Vista Prairie at Eagle Point Senior Living Community is moving forward thanks to financing sources that include tax-exempt loans and C-PACE - a public-private structure that rolls loan payments for energy-efficiency upgrades and clean-energy improvements into property taxes through a special assessment.
The project, developed by Maplewood-based EDI, will create 59 independent living, 43 assisted living, 24 memory care and eight "care sutie" homes on a roughly 17-acre site at 23440 Ambassador Blvd. NW in St. Francis. Bauer Design Build is the builder and Pope Architects has design duties.
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