Ryan Companies US, Inc. and Great Lakes Management announced today their second senior living project in the past year. Talamore at Sun Prairie will break ground in the spring of 2020 offering independent living, assisted living and memory care services.
Ryan Companies will develop, design and build the project and Great Lakes Management will operate the property. Talamore at Sun Prairie will have similar amenities to the team’s first project, Talamore St. Cloud which will consist of approximately 141 units. Amenities will include; multiple dining venues, library, wellness center with fitness area, spa and salon, club room, library, activity room and large gathering room for community events and religious and spiritual services.
“We are excited about the opportunity to bring a beautiful and thoughtfully designed new senior housing community to the City of Sun Prairie. Talamore will be unlike anything else that exists in the area,” said Mike Pagh President and CEO of Great Lakes Management. “Our vision is to create a warm and inviting environment that will inspire an engaged lifestyle while also being an active member of the larger community.”
The project received city council approval for its general development plan and comprehensive plan amendments in May. The new senior living community will create at least 40-50 permanent jobs and over 300 temporary construction jobs in its location near U.S Highway 151 and West Main street in Sun Prairie, Wisconsin and just one hour west of Milwaukee, Wisconsin.
“We’re thrilled to extend the reach of Talamore to Wisconsin,” said Lucas Larson, Director of Real Estate Development Ryan Companies. “Sun Prairie is a beautiful community and an underserved market that’s in need of senior housing that puts residents first. It’s the perfect place to put our stake in the ground in Wisconsin.”
Ryan Companies has developed nearly $700 million of senior housing across the United States in the past six years. This will be the first new project in Wisconsin since, 2015. Ryan is projecting to develop 12 new senior living communities per year across the country.
Great Lakes Management (GLM) is a Minnesota-based real estate firm that provides development, property management, marketing, home healthcare and consulting services to property owners and investors. GLM operates an expansive portfolio of multi-family, mixed use, student housing, senior communities along with a variety of office and retails projects. GLM serves the needs of a diverse group of owners including private investors, institutional and private equity firms, charitable foundations, non-for-profit organizations, Community Development Agencies and Economic Development Authorities.