Construction is set to begin on the long-awaited Village Cooperative, a senior apartment complex that will be located in the northwestern part of town directly north of Fareway.
Work is to begin next week and will be ushered in by a groundbreaking ceremony Thursday.
“We have officially closed the financing for construction to begin,” Shane Wright, project manager of Real Estate Equities Development, said. “The contractor will be moving equipment on site next week.”
The Clinton Area Chamber of Commerce will be doing a ribboncutting and pictures at 11 a.m. at the site with the groundbreaking ceremony continuing with lunch and speakers at the Eagle Ridge Lodge starting at noon.
“I believe the entire City Council will be there as well,” Wright said. “ We are expecting nearly 100 people.”
The Village Cooperative of Clinton will include 44 homes in one- or two-bedroom designs. It will be a three-story building built over underground parking. The Clinton facility will house one, two and two-plus bedroom, single-level homes that range from 879 to 1,475 square feet.
Each home is maintenance free and includes a laundry room, storage area and a private balcony or patio. Standard features will include a community room, reading areas, club room, woodworking shop, guest suite, garden plots, underground heated parking with a car wash bay — all in a fully secure building.
The cooperative is a community of active adults, 55 or older, who want to live with other people their age, but not in assisted living. It will offer maintenance-free living with all the benefits of home ownership and many unique amenities. Iowa has three running cooperatives, with two still to be built in Iowa, including Cedar Falls and Clinton. The other locations in Iowa include Asbury, Mason City and Marshalltown.
Village Cooperative will employ a residential service coordinator, maintenance technician and a housekeeper. Tracey Minnick is currently the sales coordinator for Village Cooperative of Clinton, located at 415 S. Second St.
Many of the homes have already been purchased, with only 17 of the 44 homes still available. The future occupants already have begun gathering and planning several social events such as potlucks, anniversaries and New Year’s celebrations. Residents will enjoy a community atmosphere unique from living in a typical apartment building, according to Minnick.
“You’re living on your own, but if you need someone they are there,” Minnick said.
While the majority of the residents are from Clinton, several are from surrounding towns such as Fulton, Ill., and Camanche; some are from out of state and are returning to the area from Missouri or have moved to live in the unique living complex.