STILLWATER, Minn. — Intergenerational Living & Health Care Inc. (ILHC) has acquired 57 acres of land in Stillwater, a Minneapolis suburb located along the Wisconsin border. The company plans to build The Lakes at Stillwater, a $70 million seniors housing community, on the plot.
ILHC is a nonprofit organization that tries to create intergenerational programming to bring children and seniors together. The plot was strategically chosen for its proximity to Rutherford Elementary School, and the community will host intergenerational programs.
ILHC will own and operate the community once completed. The Goodman Group, based in nearby Chaska, will develop the building along with local investment and development company Northland Real Estate Group.
The community will be built in phases. Phase I will include 139 units of independent living, assisted living and memory care. Phase II will add 30 independent living villas, and Phase III will be a 70-unit active adult community.