Seniors who have lived, worked, raised children, and volunteered in our communities deserve to stay in their communities even after they’ve retired. However, the combination of the growing senior population and shrinking availability of affordable housing in the U.S. is resulting in a housing crisis. Many seniors who have hoped to downsize once they retire find themselves with limited options. Luxury townhomes and condos are popping up all over but these can be unattainable for seniors on a fixed income.
Dominium serves seniors by developing high-quality, affordable senior properties. We invest in this because we see the importance of giving seniors an affordable way to stay in the communities they have long called home.
Dominium has a large and growing portfolio of “Legends” apartments which serve the senior population. The Legends portfolio currently includes seven senior affordable housing properties in Minnesota that Dominium has developed. Three more properties will soon be included in the portfolio.
Legends of Cottage Grove, Legends at Silver Lake Village, Legends of Champlin, Legends of Columbia Heights, and Legends of Apple Valley are affordable housing for seniors age 55+ and their families. Four additional properties were completed and filled in the last two years, in Crystal, Coon Rapids, St. Paul and in Prior Lake. Legends of Spring Lake Park, Legends of Woodbury and Legends at Berry are currently under construction, and ground-breaking is happening very soon at Legends of Blaine. These properties make up more than 2,100 units of senior, independent apartments located across the Minneapolis/St. Paul metro area, providing convenient options for seniors looking to stay in their communities.
Our Legends properties feature amenities such as fitness centers, outdoor community spaces with firepits and grills, theaters, arts and crafts rooms, salons, libraries and heated underground parking.
Each apartment home has also been equipped with state-of-the-art amenities to make it a comfortable place to call home. Common amenities in Legends apartments include granite countertops, beautiful maple cabinetry in spacious kitchens and in-unit laundry. These features make these units feel like luxury apartments, despite being affordable.
In addition to the luxurious amenities, the residents of Legends apartments benefit from 24-hour on-site management who offer activities to increase the community feel. Some locations also have Resident Activity Committees that organize opportunities to get involved in various programs and events including group exercise, sewing, and book clubs.
We fulfill our promise that what we do hits home by making sure our residents have the access and freedom to do what they would at their previous home. As we continue to expand our portfolio, Dominium keeps seniors in mind as a primary market that is in need of affordable housing. The Legends portfolio and our other senior properties are one way we show this commitment to seniors, and we intend to serve them in additional housing markets as we invest in new developments.