LAWRENCE, Kan., March 20, 2018 /PRNewswire/ -- On Tuesday, March 20th, 2018, Real Estate Equities Development, LLC announced that its newest Village Cooperative community in Lawrence will open the Summer of 2018. Located at 5325 W. 6th Street, Lawrence, KS 66049, this will be the first owner-occupied senior housing cooperative in Douglas County.
Senior cooperative housing communities originally began in Minnesota in the 1970s and have had a successful track record with over 120 communities, primarily in the Midwest. Real Estate Equities Development, LLC in Eagan, MN is the developer for the Village Cooperative and now has 32 Village Cooperative communities that are either operating, under construction, or scheduled for construction in the next year and can be found in seven different states. To date, over 3,000 active seniors have chosen the Village Cooperative as their home.
"We had considered 'downsizing' for several years and found the Village Cooperative of Lawrence to be an excellent way to have a high-quality new home and still have the amenities we want. We like the concept of having an ownership interest without the typical hassles and responsibilities of real estate ownership. We look forward to simplifying our life and becoming a part of the Village Cooperative community," said Jim and Donna Flory, current Village Cooperative members of Lawrence, KS.
Move-in details will be shared with cooperative members in the coming weeks along with plans for a Grand Opening celebration. The opening of this community reflects a sense of pride for the resident members as each owns a share in the entire cooperative community.
"I was widowed four years ago and about a year ago I decided it was time to simplify things. I soon realized that if I moved to a smaller house, I would still have the same issues of home ownership that I did not like, such as yard work along with maintenance and repairs to the interior and exterior. So, when I learned about the Village Cooperative, I thought it was my answer and I believe it is. In my opinion, they have combined the best aspects of home ownership with financial benefits in a winning combination for people like me," said Dee Bisel, current Village Cooperative of Lawrence member.
The multi-story Village Cooperative building will feature beautifully decorated community areas including a community room with kitchen, guest suite for friends and families, club room, reading areas, raised outdoor gardening beds, workshop, fitness center, internal storage area and underground heated parking with a car wash bay. With homes starting at $74,000, each is completely maintenance-free and has its own private laundry room, storage area and balcony. Fully-equipped kitchens include spacious, open floor plans with kitchen islands, rollout shelving in the base cabinets and hardwood cabinetry.
Members like what they see and they look forward to being a part of this cooperative community. "Being a single person can be lonely at times. I look forward to having the option of being around friends by just going to any of the community areas or relaxing in my home. I'm a big sports fan, so I look forward to watching sporting events in the club room and cheering our favorite teams to victory. I also look forward to the fitness center. It has been fun planning the décor of my new home and watching the building being built," said Bisel. "The best thing, however, is the people. We have all gotten to know one another and it is a fun and interesting group that I think will take care of each other for years to come. My adult children are very happy about my decision as they like me being around like-minded people along with the safety and security of the building."
"Having met the other members and started the planning process for our new home, we feel certain that our new life will be a very comfortable and enjoyable experience," explained the Florys. "Since we plan to travel more during our retirement, we also like the fact that our home and belongings will be safe and secure while we are away for extended periods of time."
That's because the cooperative will employ a Member Services Manager and offer courtesy services such as "while-you're-away" services. As a cooperative, the members control all aspects of ownership. There is no other senior cooperative in the area that offers the convenience and easy lifestyle available at a Village Cooperative.
There are only a limited number of homes available in the Lawrence community. Free informational seminars will be held as an opportunity for the public to learn more about how maintenance-free cooperative living works, the community and lifestyle, the financial benefits as well as a background on cooperative housing and why it has been so popular with 7 Village Cooperative communities either open, under construction or being planned in the Kansas City metro alone. Please call (785) 330-5041 for seminar dates and locations or to place your reservation.
Real Estate Equities Development, LLC, is a Twin-Cities, Minnesota based real estate development and property management firm with its roots dating back to the 1970s. Over the past decade, Real Estate Equities Development has developed over 40 projects comprising over 2,200 homes with a value of over $400,000,000 in urban, suburban, and medium-sized communities. Their Village Cooperative communities can be found in Minnesota, Wisconsin, Iowa, Kansas, Missouri, Colorado and South Dakota.
Village Cooperative of Lawrence, KS is a community for active adults 62+ who want home ownership, no maintenance and to be close to friends and family in a beautiful and secure setting at an excellent value. The cooperative offers a worry-free lifestyle with financial benefits that traditional senior condos or apartments cannot provide.