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Minnesota Real Estate Journal
January/February 2020
Ryan Companies Developing Healthy Village Concept in Twin Cities By Dan Rafter
R
yan Companies is ready to make an impact in the Twin Cities region with its plans to build a mixed-use “healthy village” on 100 acres of land in Maple Grove, Minnesota. Ryan recently acquired the development rights for the land located along Interstate-94 in Maple Grove and is working with North Memorial Health to plan a mixed-use health village with Maple Grove Hospital as the anchor of the project. The goal is to create an active environment in which people can live, work play and heal, according to a press release from Ryan Companies. Ryan has developed projects surrounding the 100-acre parcel during the past several years, including The Grove Retail Village and a number of medical office buildings. “The healthy village will also provide an opportunity for North Memorial Health to foster collaborative partnerships with healthcare providers, academia and other healthcare-oriented businesses,” said Mike McMahan, Ryan’s national healthcare leader.
The new village will include healthcare, wellness, senior living, multifamily, office, hospitality, retail and public spaces. Maple Grove Hospital recently marked its 10-year anniversary just adjacent to the property. “North Memorial Health is excited
about the opportunity this land and partnership with Ryan brings,” said Andy Cochrane, chief executive officer of Maple Grove Hospital. “Having the flexibility to evaluate expansion in our growing market and improve access to care for the community is something we look forward to in our next chapter.”
Ryan Companies will partner with the City of Maple Grove, North Memorial Health and other project partners to develop the land. The first projects are expected to break ground in the fall of 2020 or spring of 2021.
