MINNEAPOLIS — Lupe Development has opened Wirth on the Woods, a 200-unit mixed-income seniors housing community in the Bryn Mawr neighborhood of Minneapolis.
The campus includes 100 units of affordable seniors housing in a six-story building (The Theodore) and 100 units of market-rate active adult housing (The Eloise) in a second six-story building. The development includes a new regional storm pond, outdoor classroom and play area for the adjacent Anwatin Middle and Bryn Mawr Elementary schools, as well as shared amenities for the senior campus.
The affordable housing at The Theodore was made possible with the Livable Communities Demonstration funds from Metropolitan Council, as well as loans, grants and funding participation from the City of Minneapolis, Hennepin County and the Minnesota Housing Finance Agency. Investors in the project include Great Southern Bank and Raymond James Investments. The market-rate seniors housing at The Eloise was privately funded and Great Southern Bank was the senior lender. Frana Cos. was the general contractor.
The total development cost of the Wirth on the Woods project was $52 million dollars.
Wirth on the Woods is the result of master planning between Lupe Development and Swervo Development Corp. The master plan with Swervo created more than 200 additional market-rate housing units in a combination of lofted units and townhomes called the Pennhurst Collective. A walking trail circumnavigates the nine-acre former telephone pole training site and connects to Theodore Wirth Park.
Ecumen, an expert in senior living and services, manages the senior buildings. Greco manages the Pennhurst Collective properties.