Laserfiche WebLink
<br />CONCLUSIONS AND RECOMMENDATIONS <br /> <br />For a senior condoniinium or cooperative building, unit pricing should include an underground <br />parking stall in the price. Additionally, the building should feature at least the following <br />common areas: a lobby area, resident mail boxes, a community- room, fitness/wellness room, <br />and a library. <br /> <br />Affordable Senior Housing <br /> <br />For more moderate-income seniors who cannot afford to purchase marketrate senior housing, we <br />recominend a 50 to 55 unit affordable senior rental building in Ramsey. Our recommended con-' <br />ceptis shown in Table 31, along with recommended unit mix, sizes, and rents: <br /> <br />The recommended affordable senior rentfll community should be at 80% of median income. The <br />unit mix should contain a higher proportion of one-bedroom units than the market rate condo- <br />minium/cooperative, as the community will be marketed to more moderate-income seniors, <br />many of whom are singles. The reco:rnn.1-ended unit mix, sizes, and monthly rents in Table 31 are <br />similar to Savannah Oaks of Ramsey; wJ:iich has been successful and currently has a waiting list <br />. . <br />with 70 people. <br /> <br /> . TABLE 31 <br /> AFFORDABLE INDEPENDENT SENIOR RECOMMENDATIONS <br /> CITY OF RAMSEY <br /> January 2006 <br /> . <br /> No. of Square Market Rent! <br />Unit Type Units .. Feet Rate Sq. Ft. <br />lBR 35%-40% 700 - }25 $700 - $725 $1.00 - $1.00 <br />lBR+Den 40% - 45% 875 - 925 $825 .. $850 $0.94 - $0.92 <br />2BR 15% - 25% 1,025 - 1,100 $1,000 -$1,100 $0.98 - $1.00 <br /> - - <br /> Total 50-- 55 <br /> . <br />Note: recommended rents are quoted in 2006 dollars. <br />Source: Maxfield Research, Inc. <br /> <br />For an affordable senior rental building, unit pricing should include underground parking for an <br />additional fee, plus the following commqn area amenities: a lobby area, residynt mail boxes, a <br />community room, storage lockers, and a library/lounge. <br /> <br />Potential Locations <br /> <br />We fmd that a site within Ramsey TownCenter is the best location for rented housing and semor <br />housing. It has the best access and visibility, and would be within walkiJ;lg distance to shopping, <br />jobs, entertainment, and transit. If built here, the recommended communities would have a com- <br />petitive advantage over other multifamily communities in the surrouliding area, as potential resi- <br />dents would be attracted to the unique environment and amenities offered by Ramsey Town Cen- <br />, ' <br /> <br />61 <br /> <br />45 <br /> <br />MAXFIELD RESEARCH mc. <br />