Laserfiche WebLink
Senior Housing Demand Assessment: Ramsey, MN <br />Primary Market Area Definition <br />The subject site ("Site") for the proposed senior housing development is in Ramsey, Minnesota. <br />Ramsey is a suburban community with a population of 27,646 in 2020. It is located in Anoka <br />County, approximately 24 miles northwest of downtown Minneapolis. The Mississippi River <br />borders Ramsey to the south. Ramsey's neighbors are Elk River (pop. 25,835) to the west, <br />Nowthen (pop. 4,536) to the north, Andover (pop. 32,601) to the east, and Anoka (pop. 17,921) <br />to the southeast. <br />More specifically, the Site consists of two parcels east of Rhinestone Street Northwest, between <br />Sunwood Drive and Veterans Drive. This location is in The COR, Ramsey's downtown. The COR <br />is situated on the north side of Highway 10, between Ramsey and Sunwood Boulevards. <br />Based on the site location, community orientation, proximity to other senior housing properties <br />in the surrounding area, and our knowledge of senior housing draw areas, it is estimated that a <br />senior housing development on the Site in Ramsey would attract approximately 70% of its <br />residents from a draw area (Primary Market Area, or "PMA") that includes Ramsey and <br />Nowthen. <br />It is estimated that about 30% of the demand for senior housing on the Site would come from <br />outside the PMA, particularly parents of adult children living in the PMA. <br />A map of the PMA is shown on the following page. <br />Viewpoint Consulting Group, Inc. <br />Page 2 <br />November 5, 2025 <br />