United Properties breaks ground on new independent senior rental community in Bloomington
Bloomington community will be second ThePOINTE location
MINNEAPOLIS (Aug. 27, 2020) — United Properties announced today that it has broken ground on ThePOINTE Bloomington, a 55-plus independent living rental community, located at 5601 American Blvd. W. ThePOINTE Bloomington will have five stories and 133 units; it will be available for occupancy in spring 2022.
“Our second ThePOINTE development is in a great location to meet the needs of active seniors in Bloomington,” said Mark Nelson, executive vice president, residential development, United Properties. “As we see demand for senior living continue to grow, we’re confident ThePOINTE’s many amenities will draw strong interest.” United Properties’ first ThePOINTE location recently opened in Roseville.
The new senior community will offer maintenance-free living for people 55-plus, with a variety of apartment sizes and floor plans. Units include one-bedroom, one-bedroom plus den, two-bedroom, two-bedroom plus den, and three-bedroom floor plans. The rental fee structure is all-inclusive (with the exception of electricity), making it ideal for seniors looking to budget their monthly costs.
ThePOINTE Bloomington will feature stainless steel appliances, quartz countertops, underground heated parking and many lifestyle amenities, including a clubhouse, outdoor pool, art studio, fitness studio, workshop and outdoor kitchen. It is positioned between Normandale Lake and Hyland Lake Park Reserve, and the location is close to State Highway 100 and Interstate 494 for easy access to amenities such as the airport, medical facilities and shopping.
ThePOINTE Bloomington will also feature an enclosed connection to the nearby Cherrywood Pointe, a United Properties-owned senior apartment community offering independent living, assisted living, memory care and enhanced care. This connection will offer ThePOINTE residents access to additional amenities such as Cherrywood Pointe’s pub and dining room.
Pre-leasing has already begun. The leasing office is located at 8331 Norman Center Drive in Bloomington and can be reached at (952) 835-2000. Visit www.yourpointe.com for more information.
The project was designed by Kaas Wilson Architects, with interior design by Banko Design. The community will be constructed by Weis Builders and managed by Great Lakes Management.
About United Properties
United Properties has been creating deep roots in the commercial real estate industry for more than 100 years. The company imagines new possibilities in real estate to help enrich communities and create lasting legacies. United Properties provides market expertise for ground-up development, redevelopment and acquisitions of value-add and stable investments. The company invests in and develops office, industrial, retail, mixed-use and senior housing properties. United Properties is owned by the Pohlad Companies and is headquartered in Minneapolis, with offices in Denver and Austin, Texas. For more information, visit www.uproperties.com and follow on Twitter, LinkedIn and Instagram.