Dave Olson, Published October 11 2013
Trade Talk: Assisted-living facility planned for West Fargo
The project, called The Lighthouse of West Fargo, calls for a 130,000-square-foot complex housing 120 to 130 apartment units.
The plans include a wellness center, a massage center, libraries and a barber/beauty salon, said Todd Novaczyk, founder and CEO of New Perspective Senior Living, which is developing the project that is now working its way through the city’s approval process.
Novaczyk anticipates an OK and said construction could start early in 2014 with completion sometime in early 2015.
At full capacity, the facility will likely employ 70 to 80 people and have a payroll of more than $2 million a year, Novaczyk said. New Perspective Senior Living operates a dozen senior housing complexes in Iowa, Illinois, Wisconsin and Minnesota.
Novaczyk said the purpose of the housing communities is to provide seniors with the nutrition, recreation and other supports they need “to live, on purpose, in their own home.”
The West Fargo facility is to be located in the area of Sixth Street and 32nd Avenue East.
Gift aids seniors
Bell State Bank & Trust has contributed $500,000 to the North Dakota Housing Incentive Fund, which is administered by the North Dakota Housing Finance Agency.
Most of the bank’s contribution will go toward helping to establish Beyond Shelter, a Fargo development that will provide housing for low-income people 55 and older.
“Bell State Bank & Trust is pleased to be able to support Beyond Shelter’s new senior housing project and, in turn, the needs of our community,” said Michael Solberg, Bell State Bank & Trust’s president and chief operating officer.
The North Dakota Housing Incentive Fund, supported by contributions from state taxpayers, offers low-cost financing to developers of affordable rental housing when they set aside units for essential service workers and low- to moderate-income households.
Beyond Shelter received a $1.14 million Housing Incentive Fund commitment from NDHFA for the North Sky I Apartments project that broke ground this past week.
About $350,000 of Bell State Bank & Trust’s $500,000 contribution to the fund will go toward helping finance the Beyond Shelter project.
The balance of the contribution will support senior housing projects in Dickinson and Minot.
Tea shop to open
Frostea, a boba tea/shake shop, plans to open soon in a strip mall on the southwest corner of 25th Street and 32nd Avenue South in Fargo.
Owner Christina Huynh said hours of the store will be 9 a.m. to 10 p.m. Mondays through Saturdays, and 10 a.m. to 9 p.m. Sundays.
The phone number is (701) 356-0007.
95 years of shoes
R&G Shoes at the West Acres mall is celebrating 95 years in business.
The company was called R&G Bootery when it was started by Fred Green at 302 Broadway in downtown Fargo in 1918.
Green’s grandson, John Green, now operates the store.
R&G Bootery was one of the first stores in West Acres when the mall opened its doors in 1972.
Readers can reach Forum reporter Dave Olson at (701) 241-5555