Catholic Charities pays $25M for Augustana Care Center
Catholic Charities of the Twin Cities has closed on its acquisition of the Augustana Care Center in downtown Minneapolis and is poised to start a major renovation that will turn the building into a permanent housing and respite care facility.
Catholic Charities paid $25 million for the one-time nursing home at 1425 10th Ave. S., according to a recently submitted certificate of real estate value. The seller is Cassia, an Edina-based senior living provider.
In December 2019, Catholic Charities announced that it planned to spend $65 million to purchase and renovate the building. The care center is at the northeast quadrant of 15th Street and 10th Avenue South in the Elliot Park Neighborhood.
The renovated Augustana Care Center will replace Catholic Charities’ aging Exodus Residence at 819 Second Ave. S. in downtown Minneapolis. Catholic Charities leases the Exodus building from St. Olaf Church.
Tracy Berglund, Catholic Charities’ senior director of housing stability, said Tuesday that the renovation could begin as soon as this week.
Additional Articles
Dominium Promotes Adam Brookins to Vice President of Construction
Five-year company veteran to oversee project managers, superintendents and claim specialists on capital improvements, repairs and property renovations
Dominium Promotes 26 and Hires 154 Employees in Q4 of 2023
The affordable housing developer expanded its talent base and expertise and advanced positions in its regional offices and apartment sites across the country
Dominium Acquires Land for 67 Flats and Juniper Square, Plans to Develop 605…
The affordable housing development marks the first affordable new construction development in the city of Glendale