A four-story building offering several dozen units of rental housing for seniors in downtown Eagle River is preparing to open its doors.

The building, called Coronado Park Senior Village, is being touted as an energy-efficient independent-living option for seniors near the heart of Eagle River. It was developed by Cook Inlet Housing Authority, a nonprofit organization that owns and operates more than 1,000 units of rental housing in the Anchorage area.

Monthly rents for the 56 fully-accessible units range from $650 for a 544-square-foot efficiency studio to between $830 and $1,135 for a two-bedroom unit. Tenants can begin moving in on Aug. 16.

A solar thermal heating system providing up to 50 percent of the building's hot water is expected to reduce natural gas use by 10 percent and is the largest alternative energy source of any residential building in Alaska, officials said.

Located at 16820 Coronado St., the building fits into Cook Inlet's larger Coronado Park development, which offers multifamily rentals and for-sale condos just to the south. Cook Inlet Housing Authority has placed strong emphasis on the multigenerational aspect of the development and the option for seniors to live in the same neighborhood as young families and children.

Read more: Senior rental housing opening in downtown Eagle River