Twin Rivers becomes senior housingCANNON FALLS - A Rochester-based company hopes to make a failed condominium complex located on Main Street a success by turning the building into a senior housing campus.
By: Jon Swedien, The Republican Eagle
CANNON FALLS - A Rochester-based company hopes to make a failed condominium complex located on Main Street a success by turning the building into a senior housing campus.
Oxford Senior Funds bought the Two River Condominiums complex in January and began renovating the building in February, converting the 60 condominiums into roughly 80 senior apartments. The company plans to open the Twin Rivers Senior Campus in August.
Campus Director Kim Worrall said the facility will offer apartments for independent living, assisted living and memory care.
"The concept of the campus is so we can serve a variety of seniors and so we can meet the needs they have," Worrall said.
She added the facility will have a 24-hour staff and will look to employ between 20 to 30 people in its first year. The building will have on-site amenities such as shops, a library and a dining area.
Worrall said Oxford Senior Funds is confident there is a high enough demand for senior housing in and around Cannon Falls to make its investment a success.
Cannon Falls resident Irene Zimmerman already has signed up to live in the facility.
"I wanted to sell my house. I didn't want to do all that work," Zimmerman said.
In the two weeks since the company began taking reservations, six people have signed up to live on the campus, Worrall said. The company would like to fill 17 or 18 apartments by the opening, and Worrall was confident the campus would meet the goal.
For more information on Twin Rivers Senior Campus, call (507) 298-1635.