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RECOMMENDATIONS AND CONCLUSIONS <br />In addition, meals and other support and personal care services will be available to congre- <br />gate residents on a fee -for -service basis, such as laundry, housekeeping, etc. When their <br />care needs increase, residents also have the option of receiving assisted living packages in <br />their existing units. <br />New independent housing could be developed adjacent to an existing senior project or in a <br />stand-alone development. <br />• Assisted Living and Memory Care Senior Housing — The existing Stoney River of Ramsey as- <br />sisted living project satisfies the demand for assisted living in the short-term. However, we <br />project demand for another 27 units by 2024. Demand for service -based housing will con- <br />tinue to escalate after 2025 as the baby boomers start to desire services as the decade pro- <br />gresses. The Stoney River of Ramsey development is also the only project that offers <br />memory care housing in Ramsey. Demand was projected for about 50 units of memory <br />care over the next five years. <br />We recommend assisted living units include a mix of studio, and one -bedroom, and a few <br />two -bedroom units with base monthly rents ranging from $3,000 to $5,500. Memory care <br />unit mix should be mostly studios and one -bedroom units with a few two -bedroom units <br />for couples with base monthly rents ranging from $4,000 to $6,000. Memory care units <br />should be located in a secured, self-contained wing located on the first floor of a building <br />and should feature its own dining and common area amenities including a secured outdoor <br />patio and wandering area. <br />The base monthly fees should include all utilities (except telephone and basic cable/satel- <br />lite television) and the following services: <br />• Three meals per day; <br />• Weekly housekeeping and linen service; <br />• Two loads of laundry per week; <br />• Weekly health and wellness clinics; <br />• Meal assistance; <br />• Regularly scheduled transportation; <br />• Professional activity programs and scheduled outings; <br />• Nursing care management; <br />• I'm OK program; <br />• 24-hour on site staffing; <br />• Personal alert pendant with emergency response; and <br />• Nurse visit every other month. <br />MAXFIELD RESEARCH AND CONSULTING 150 <br />