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ANOKA COUNTY HOUSING STUDY CONCLUSIONS <br />• Development of Crest View Senior Communities campus with a total of 174 units, <br />including 100 congregate units, 54 assisted living units, and 20 memory care units; and <br />• Development of the Hipp Farm site by Welch Companies with 45 congregate units, 46 <br />assisted living units, 16 memory care units, and 32 skilled care beds. <br />Should all three projects move forward, residual demand in Blaine would be approximately 200 <br />units through 2015. However, only the first (Suite Senior Living) is certain to move forward at <br />this time, so strong development potential still exists for a campus -style senior housing project in <br />Blaine within the next five years. <br />Coon Rapids Submarket Recommendations <br />Coon Rapids is a fully developed suburb located along the Anoka -Hennepin County border. <br />Second in the County to the Southern Leg submarket, Coon Rapids has a significant <br />concentration of older adults and seniors (19.4% of County) and an aged demographic overall <br />with 20.3% of the total population base age 55+. Household growth in Coon Rapids is limited to <br />land availability for new housing development; over the next decade, the submarket is forecast to <br />grow by only 170 households (+0.7%). <br />The housing priorities in Coon Rapids will be to meet the needs of the aging population base and <br />to rehabilitate/replace housing units that become functionally or physically obsolete, including <br />both for -sale and rental housing products. The majority of new housing units will be the result of <br />redevelopment and infill development as limited land is available to accommodate new housing. <br />MAXFIELD RESEARCH INC. 118 <br />