Vintage Park was a senior living community located in Maple Grove, which has since closed its doors. The facility was known for offering a variety of housing options for seniors, including independent living units, assisted living units, and memory care units. The property was acquired by a Maryland investor for $32.5 million, showcasing the high demand for senior housing in the area.
The 195-unit Vintage Park was fully occupied and offered monthly rents averaging $2,764 per month. The building was situated in a prime location, just blocks away from Maple Grove's Arbor Lakes retail area, making it convenient for residents to access shopping, dining, and other amenities. The facility was part of a growing district of senior housing developments off Main Street, indicating a trend towards investing in senior living communities in the area.
The sale of Vintage Park was in line with similar transactions in the Minneapolis/St. Paul metropolitan area, where newer senior housing facilities have been in high demand. The property values in Hennepin County reflected the attractiveness of the market for investors looking to capitalize on the growing population of seniors in the region. The closure of Vintage Park marked the end of an era for the facility, which had provided care and housing for seniors in Maple Grove.