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<br /> <br /> <br /> <br /> <br /> <br />January 14, 2019 <br /> <br />NARRATIVE <br /> <br />The Site: <br /> <br />The property is nestled in the northwest quadrant at Hodgson Road and County Road J in <br />Lino Lakes, Minnesota. This intersection is an important gateway into Lino Lakes with the <br />current appearance of this location in need of improvement. The hard corner is 2+ acres of <br />vacant land with two older structures to the north that house an insurance business and a <br />vacant liquor store. Immediately north of those buildings is a 17.18-acre site that is mostly <br />wooded with an old single family house situated on the property. Property on the east side <br />of Hodgson Road is dominated by parking lots and automobile facilities with a rock garden <br />to the north of the automotive uses. <br /> <br />Lyngblomsten proposes to purchase approximately 17.18 acres on the northwest quadrant <br />of the property owned by R.L. Co., LLC located at 6075 Hodgson Road in Lino Lakes, <br />Minnesota, for the purpose of developing a senior living community and facilitating the <br />development of a stand-alone restaurant. The vision is to create a vibrant continuum-of- <br />care campus offering up to a total of 198 units comprised of a mix of independent living, <br />assisted living, and memory care/enhanced care suites/skill nursing care plus <br />complementary campus amenities and 20 stand along senior living townhomes. <br />Lyngblomsten has the 2+ acres of land on the hard corner under contract and will look for <br />users and developers to work with on a commercial development. <br /> <br />The Project: <br /> <br />In alignment with the mission of Lyngblomsten and the demand for more senior housing in <br />the area, Lyngblomsten seeks to create a second campus offering a full continuum of <br />services for older adults. The majority of units would be independent and assisted living <br />for those age 55+. The market-rate units are planned to be mid-range in price, amenities, <br />and size (variety of 1- and 2-bedroom units), with a goal of serving people from a variety of <br />income levels. Overall, like we’ve done on our Como Park campus (St. Paul), Lyngblomsten <br />seeks to create a comfortable Christian home for older adults of all faiths and cultures that <br />is welcoming, creates community, values individual preferences, and promotes dignity. <br /> <br />Not only will this development address the shortage of senior housing in the area, but for <br />those wishing to continue living in their existing homes, services through 2nd Half with <br />Lyngblomsten that would be part of the Lino Lakes campus can help support their decision <br />to remain and their needs associated with that decision. <br /> <br />