Hoeven Touts Edgewood Corp Plaza as Example of Today's Entrepreneurism Meeting Proud Past in ND

GRAND FORKS, N.D. – Senator John Hoeven and a group of Grand Forks business leaders today celebrated the 100th anniversary of the Edgewood Corporate Plaza building, which will be fully occupied for the first time since the flood of 1997. The architecturally prominent building was acquired and renovated by the Edgewood Real Estate Investment Trust and the Edgewood Management Group in 2012, when it was only about 40 percent occupied.

“When you look around downtown Grand Forks, you see something that would have been hard to imagine after the great flood of 1997,” Hoeven said. “Now, here and elsewhere around the city and county you see businesses thriving, people building and new enterprises getting underway all the time. This newly renovated building is not only a sign of the city’s resiliency, but also a living symbol of the community’s health and vitality.”

Hoeven congratulated Edgewood CEO Phil Gisi, Mayor Michael Brown, Downtown Development Association Board President Jonathan Holth and representatives of the Grand Forks Chamber, commending them for their energy and commitment to growing the community.

Edgewood Management Group, headed by North Dakota native Phil Gisi, is a leading operator of senior living communities in the Upper Midwest. The company owns and/or operates more than 50 independent living, assisted living and other senior communities in seven states.

The company operates six facilities in North Dakota, three in Bismarck and one each in Fargo, Minot and Mandan. Another facility is under construction in Jamestown. The company employs about 800 people, including 60 corporate staff members in the Grand Forks building.