NEW ULM — The New Ulm Planning Commission took the first steps in paving the way for a third Garden Terrace apartment building during the Thursday meeting.

Earlier this year, the New Ulm Economic Development Authority (EDA) sold the two Garden Terrace apartment buildings to Rebound Real Estate with the understanding that the owners would construct a third Garden Terrace building on a vacant lot on the same property.

The proposed project will be a 45-unit, three-story apartment building on the property, providing housing for independent seniors aged 55 and older. Rebound is working with Oak Hills Living Center on the project.

Rebound’s president, Jay Scott, said the plan is to enter into a lease agreement with Oak Hills to utilize the property. Part of the agreement would all Oak Hills t

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