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Gramercy Park is Duluth's Premiere Senior Living Cooperative. Read about all the fun we've been having.! 
MEMBER DIARY

 
 
 
   
 
   

OWNERSHIP QUESTIONS

Who owns Gramercy Park Duluth?

Gramercy Park Duluth Cooperative is owned collectively by its members in residence.  Members take an active role in governance by serving on and electing Gramercy Park's Board of Directors.  The board provides direction to an excellent management staff.

How much does it cost to buy at Gramercy Park?
The value of a membership is largely based on the size of the unit and it's value in the market place, which historically increases overtime.

How much are monthly fees?
The monthly fees vary according to the size of the unit and may increase over time. 

What do monthly fees cover?
It is important to note all the services covered by the monthly fee when comparing various condominiums or other cooperatives.  Gramercy Park Duluth's monthly fees cover: real estate taxes, your portion of the master mortgage, lender required repair and replacement reserve, professional management, heat, water, sewer, trash removal, grounds upkeep, snow removal, recycling, building maintenance, security and expanded basic cable television, as well as the Gramercy Information Channel (14).

Do you have a waiting list?
Yes, Gramercy Park Duluth maintains a waiting list, which enables prospective members to indicate the type of unit desired and time they wish to be notified of the availability of possible selections.  To join the waiting list you must complete an application and submit it along with a refundable $500 deposit.

Are there special requirements for membership at Gramercy Park Duluth?
One member per unit must be at least 55 years old, capable of Senior living, and able to meet certain financial criteria.

LIFESTYLE QUESTIONS

What transportation options are available?
Gramercy Park Duluth has it's own transportation van to planned trips and is convenient to Duluth's Transit Line.

What are the laundry facilities?
Each unit has its own individual laundry area with a washer and dryer.

Do you have accommodations for large gatherings?
Yes! You can reserve the spacious common room with full kitchen and large deck at no cost.

Do you have accommodations for Guests?
Yes! You can reserve our lovely, smoke-free guest suite (up to 4 guests) for fee.

What are the parking facilities?
There is one parking space per unit at no cost in our underground heated parking garage.  Extra spaces can be rented for $52/month.  If you choose not to use your space, you can rent out for income!

What additional expenses do I have?
Only your telephone and electric bill.

What contributes to the cooperatives security?
It is a combination of our members' vigilance and awareness, secure entry and our video surveillance system which allows members to view building entrances on their own TV.

Do you allow pets?
Yes.  Members may have one Dog (under 20lbs) or 2 Cats. Pets must be carried or carted though common areas.  There is a $250 deposit for pet owners.  You may also have a "Visiting Pet", a $250 deposit applies for this as well.


 

2008 GRAMERCY PARK COOPERATIVE OF DULUTH

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