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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