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Sioux Falls 55+ Community The Parkwood Welcomes First Residents
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Sioux Falls 55+ Community The Parkwood Welcomes First Residents

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Apr 29, 2024

The Parkwood is celebrating the grand opening of their 133-unit 55 plus community on Thursday, May 2nd in partnership with the Sioux Falls Chamber of Commerce and Mayor’s Office. The formal ribbon-cutting event will mark the culmination of this highly anticipated community, which was designed with the vision to bring a new kind of independent living to Sioux Falls, offering premier accommodations and lifestyle amenities, high-end services, strong community connections, and maintenance-free living.  The Parkwood began preleasing units in 2023 and has experienced strong interest from local residents looking to downsize and residents from out-of-state, looking to return home or relocate closer to family.

GSI and its stakeholder team serve as The Parkwood’s developer, property manager, and co-owners in partnership with financial partners. GSI is a proven management team with over 40 years of senior living management and development experience and proud affiliate of Transforming Age, a leading national nonprofit organization dedicated to creating unlimited possibilities to enhance the lives of older adults. The Parkwood’s residents and team members will benefit from the culture and operational approach that comes from being supported by this mission-driven organization committed to making a positive impact and upholding their Culture of Excellence©.  The campus was completed using Omaha-based Ronco Construction.

“The Parkwood is truly one-of-kind,” says GSI President Frankie Pane. “We are excited to see this vision become a reality. It’s really the result of an incredible collaboration between our financial partners, the city of Sioux Falls, and a premiere design team. And the excitement from our founding residents has been integral as well; we haven’t even opened or doors yet and there is a growing sense of community that feels smart and welcoming.”

“What a beautiful building!” Said future residents who wish to keep their identity private, “We are looking forward to making The Parkwood our new home this Spring.”

The Parkwood is a unique endeavor and the first of its kind in Sioux Falls. The 55 plus community model is growing in popularity across the nation due to shifting demographics and a movement to simplify and downsize. Parkwood residents will enjoy a service-rich environment at monthly rental rates that are sustainable throughout their retirement.  Such vibrant lifestyle services are designed to enhance independence and promote holistic social connections and the seven dimensions of wellness, with the ultimate vision to promote longevity. At Parkwood, residents benefit from housekeeping services, a variety of dining options, regular community social events and activities, scheduled transportation, and on-site amenities like a full-service salon, library, fitness studio with treatment space, indoor theater, club room, game room, guest suite, and outdoor courtyards with walking trails and dog parks. This 55+ lifestyle community is located at 85th & Western in south Sioux Falls, an upscale and vibrant neighborhood with convenient access to I-229 and both Avera and Sanford campuses.

“Life at The Parkwood will be one of freedom and possibility,” says Nathan Kasselder, the Director of Sales for Parkwood, “Our founding residents have already set the bar high.  Together we are building a vibrant community filled with super interesting people and meaningful connections.  Add to that abundant activities and care-free living. We are excited to finally open our doors and welcome residents to experience the best of Sioux Falls.”

About GSI

GSI stands for growth, strategy, and innovation. GSI offers businesses more than 40 years of experience in developing and operating senior living communities. As an all-in-one partner, GSI supports non-profit and for-profit communities, including the development and management of CCRCs, rental, active adult, and affordable senior living.

About Transforming Age

Transforming Age is a nationally recognized nonprofit organization offering holistic and integrated solutions that enable people to age successfully. Dedicated to creating unlimited possibilities to enhance the lives of older adults, Transforming Age offers an integrated network of housing, community services, technology, philanthropy and partnerships. With over 80 affiliates and 3,000 team members, Transforming Age serves over 125,000 people across the economic spectrum through affordable and market rate communities, in addition to providing home and community-based services to low-income seniors. Transforming Age and its affiliated foundations provide philanthropic programs aimed at supporting those in need of financial assistance, the creation or enhancement of programs and services. Transforming Age also provides business service solutions to industry partners including management, development, and consulting services. The organization’s technology initiatives aim to improve the lives of older adults and those who serve them at scale.

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