Two LLCs Acquire 42,000-Square-Foot Jill's House Site for Housing

Q: What specific residential plans do the new owners have for Jill's House now that a health center is ruled out?

The new owners do not yet have a specific residential plan for the former Jill’s House property. What they have said publicly is that the 42,000-square-foot building at 751 E. Tamarack Trail will stay in residential use and will not be demolished. Attorney Cheyenne N. Riker said the owners have met with a local planner and architect to explore options, but no final use has been selected. One clear decision is that reopening it as a behavioral health treatment center has been “all but” ruled out. Beyond that, the owners have only indicated that the site is likely to remain some kind of residential facility. Because the property is zoned for senior housing and previously operated as a 40-bed memory care facility, those facts may shape what is feasible, but the owners have not committed to restoring memory care or naming another specific model. They have also said they want input from nearby residents before deciding. The Matlock Heights Neighborhood Association had not yet heard directly from the owners at the time of reporting but planned to invite them to its Sept. 20 meeting. So, the short answer is: no detailed residential reuse plan has been announced yet, only a commitment to keep the property residential and not use it as a behavioral health center.

Q: How did a $5.4 million Bloomington property change hands without any recorded money being exchanged?

It likely changed hands through a paper transfer rather than a traditional sale. Monroe County officials said no sales disclosure form was filed because, in the recorded transaction, “no money or real estate changed hands.” That usually means the deed transfer was structured as an internal ownership move, such as shifting the property between related business entities, assigning membership interests in an LLC, or another non-arm’s-length transaction where control changes without a cash sale being recorded at the county level. That helps explain why county records show the former Jill’s House property at 751 E. Tamarack Trail was acquired by 751 East Tamarack Trail LLC and KMG Holdings LLC on June 22, yet no purchase price appears in the public record. The building itself may have been conveyed as part of a corporate restructuring or ownership reassignment rather than a straightforward real estate sale. What is clear from the reporting is that the property’s assessed value—nearly $5.4 million—is not the same as a recorded sale price. An assessed value is used for tax purposes and does not prove that cash was paid in a transfer. The prior owners bought the site in 2016 for just under $4 million, but this latest transaction was recorded in a way that did not require disclosure of a sale amount. So, the short answer is that ownership appears to have changed through entity-level or related-party paperwork, not through a publicly recorded cash purchase.

3 articles · Updated · The Herald-Times · Aug 5

June 22 records show two LLCs took over Bloomington's former Jill's House property and plan to keep the 42,000-square-foot building for residential use rather than tear it down.
Cheyenne Riker, agent for 751 East Tamarack Trail LLC, said the owners have largely ruled out a behavioral health center and are still weighing what kind of residential facility fits the site.
County records list no sale price because no sales disclosure form was filed; the 2.63-acre property last sold in 2016 for just under $4 million and is now assessed at nearly $5.4 million.
Matlock Heights neighbors say they have not yet heard directly from the buyers and hope to meet them before a Sept. 20 association meeting as plans take shape.
The site closed as Jill's House memory care in June after the ownership change and remains zoned for senior housing, framing the redevelopment options.