permit . “ Otherwise , I gotta drive around and just check it out myself ,” he said .
The bus tour ’ s first site was an area to the west of Prairie Center Drive , between Flying Cloud Drive and Columbine Road , along Commonwealth Drive . The roughly 18-acre area had housed Broadmoor Apartments and Castle Ridge Care Center since the 1980s . Presbyterian Homes & Services purchased the area and , Lindahl said , originally proposed to the city , in 2007 , the construction of two 13-story residential towers . “ And then they came back a number of years later and said ‘ You know what ? Our eyes were bigger than our stomach .’”
The Flagstone senior living community , left , was dedicated in 2022 , while Paravel Apartments next door opened in August 2023 . Both were part of development on a parcel of land west of Prairie Center Drive that previously housed
Broadmoor Apartments and Castle Ridge Care Center . Flagstone photo by Jim Bayer ; Paravel photo courtesy of Timberland Partners
In the updated development plan , Presbyterian Homes constructed the Flagstone senior living complex along Commonwealth Drive . Timberland Partners purchased the section next door and built Paravel Apartments , which has 246 units .
At the time of the tour , Lindahl said , Paravel was “ probably about 65 % leased .” Developers had initially anticipated , he said , some large homeowners in Eden Prairie wanting to switch to apartment living , such as the Paravel penthouses currently listed at $ 4,000 to $ 6,000 per month rent . With high interest rates , however , “ The people that wanted to sell their big homes are having a harder time getting the price they want .” Complete article at eplocalnews . org .
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