KELO-LAND News Spotlights Trail Ridge, Sioux Falls Senior Housing BoomPosted on: November 12, 2013
Retirement Housing Boom
November 11, 2013, 10:00 PM by Angela Kennecke
SIOUX FALLS, SD - Baby Boomers started turning 65 a couple of years ago and for the next 16 years, 10,000 will hit retirement age every single day.That's resulting in a growing need for senior living centers and a huge building boom.
Forget Arizona; Sioux Falls is becoming a retirement Mecca. New construction is going up all across town.
"Anything from home services to assisted living to independent living, on to skilled nursing services. That whole population is increasing," Justin Hinker, administrator of Avera Price of Peace Retirement Community, said.Making it the right time for Avera Price of Peace to construct at $25 million new building that includes more long-term care and assisted living units.
"We're seeing an increased need for dementia care; memory care. And we're building our new building to meet the needs of those memory care individuals," Hinker said.
"Retirement time is getting to be longer and longer. We've got residents here that moved here when we opened up 18 years ago and they need a few more services so they can stay here," Al Svennes, administrator of Trail Ridge Retirement Community, said.Across town at Trail Ridge, an $11 million new building is planned to meet those needs, as well as another $1 million in remodeling.
These multi-million dollar additions must also include some bells and whistles demanded by today's Baby Boomers reaching retirement age. At Trail Ridge, they'll be adding a bistro and even a shop for the men to work in.
"We're looking at adding a swimming pool onto it; a wellness center. You're going to see a totally different Trail Ridge when we're done with this," Svennes said.
"We feel we're building our main street to be a destination for them that can meet their expectations," Hinker said.Another 120-acre retirement community will someday fill up land by Harrisburg High School. Phase one of the $90 million Mills Creek Park is planned for 2014, with a three-story building that includes independent and assisted living, as well as memory care. The plan for Mills Creek Park is to eventually include 450 units with many facilities geared for seniors.
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