Co-op Living On It’s Way To Urbana

Published in Corridor Business Journal, October 29, 2018

Hoping to ride the wave of retiring baby boomers, the developers behind The Views Senior Living in both Cedar Rapids and Marion are now planning a 31-unit cooperative living community in the small but fast-growing town of Urbana.

“Boomers, you’ve earned it. Baby, you deserve it!” are the words greeting visitors to the Uptown Living of Urbana website, which pitches freedom to travel, pursue hobbies and spend time with family away from the constraints of single-family homeownership. It also positions the cooperative concept as an opportunity to help shape a unique living experience with community peers.

“Baby boomers are younger than the generation in senior living already, and we wanted to market something that didn’t feel like other places, that didn’t say ‘hey, senior citizens,'” said Karen Everling, marketing coordinator for the project. “We’ve had a good response to that. It’s fun and people like to feel part of something, whether they’re Gen X or millennials or baby boomers.”

The $12.5 million development, set for construction just east of Urbana City Hall on 54th Street Lane, is being financed under the Section 213 housing program administered by HUD, which is aimed at helping nonprofits and trusts develop housing projects to be operated as cooperatives by resident shareholders. At least one homeowner must be 62 years of age or older and projects must be 60 percent pre-sold prior to its loan closing. John Baumhoefner, president of Views Development and Uptown Living, said that means between 18-20 units will need to be reserved before proceeding with construction, which he estimated would take about 10 months.

The sales process will kick off with a November open house to begin discussing the development process and possible amenities with interested community members. Upscale Living, which is eying similar developments in Marion, Peosta, Bettendorf and Belle Plaine, will offer parking, storage and outdoor living space as fixed amenities, but just what those look like will be shaped by residents.

To read the full membersfirst story in this week’s CBJ digital edition, click here.

Uptown Living on the Move

URBANA, OCTOBER 17, 2018 — Uptown Living of Urbana Cooperative is moving forward in its conceptual development phase. The Uptown Living team will be holding an open house to the public on November 15th, 2018 from 5 to 8 p.m. at 4215 Lewis Access Rd, Suite 600, Center Point, Iowa 52213. Come for hors d’oeuvres and conversation about how the development process works and what amenities will be available for the project.

Uptown Living would also like to welcome Chad & Alissa Gardner to the marketing team as community coordinators for the Uptown Urbana development. Their extensive background in real estate and their ties to the local community will help further the lifestyle living amenities a cooperative has to offer.

The developers are moving forward on the proposed location is just East of Urbana City Hall on 54th Street Lane. Stay tuned to the Uptown Urbana Community online at www.Facebook/UptownIowa for the upcoming meeting dates to be held.

Luxury Uptown Living Project Coming to Urbana

Cooperative Living for Baby Boomers

URBANA, FEBRUARY 21, 2018 — We are excited to announce a new building development in Urbana created by Baby Boomers for Boomers. Luxury architecture will be carried out in this high quality construction project. It will provide individuals both a single-family home and community experience in a multi-family building format. This allows individual members of Uptown privacy and home customization while also experiencing their unique community through rich amenities.

The project is in a very early concept phase and will be looking for community input. The proposed location is just East of Urbana City Hall on 54th Street Lane. Events will be held on a regular basis beginning in late March to begin the input and sales process for the location. Join the Uptown Urbana Community online at www.Facebook/UptownIowa for regular updates on this project.

Uptown Living

Uptown Living was created by a group of venturesome Boomers who feel that people like themselves need a great place to live and play with no home maintenance. They saw cooperative living as the perfect format for Baby Boomers, retired or working, to do all the things they enjoy while staying “home” in their community.

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