Development - Minneapolis-St. Paul
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Twin Cities Development: Mixed Outlook
The Opus Group’s Matt Rauenhorst and Nick Murnane evaluate the Twin Cities' multifamily landscape and discuss the challenges developers face in a market with good demographics.
27 June 2019 13:54 -
LMC Breaks Ground on 445-Unit Minneapolis Property
The property on First Avenue will include 8,000 square feet of retail and is slated for completion in the fall of 2020.
10 June 2019 14:15 -
Affordable Senior Housing Community Opens in MN
The Legends of Spring Lake Park is close to a variety of parks, shopping venues and restaurants, and includes a mix of one-, two- and three-bedroom units.
31 January 2019 11:05 -
Top 10 Multifamily Completions in the Midwest in 2018
With more than 35,000 new units, multifamily development in the Midwest closed a very active 2018, on par with national trends.
28 January 2019 13:04 -
Opus Breaks Ground in Downtown Minneapolis
The six-story building is the company's third residential development in downtown Minneapolis and its eighth in Minnesota. The community is expected to be delivered in 2020.
18 December 2018 15:04 -
JV Breaks Ground on Minneapolis Community
The 200-unit LakeHaus project is being converted from a 1950s office building into a luxury community near Lake Calhoun.
13 December 2018 16:53 -
Nonprofit Breaks Ground on MN Affordable Housing
Developed by Aeon, The Louis will add 70 units near the Prospect Park neighborhood. A quarter of the apartments will serve residents earning 30 percent of the area’s median income.
20 August 2018 16:06 -
Dougherty Funding Lands $31M Financing
625 Development will consist of 122 apartments, two parking ramps and a 3,000-square-foot retail space. Reuter Walton Development serves as the general contractor.
27 June 2018 16:00 -
Timberland Breaks Ground on MN Asset
The 222-unit Elevate at SouthWest Station Apartments, located in the Twin Cities suburbs, is scheduled for completion by August 2019.
17 May 2018 09:32 -
Affordable MN Property Lands $6M Construction Loan
Dougherty Mortgage facilitated the HUD loan for the planned Thomas Avenue Flats in St. Paul. The community is expected to open in spring 2019.
10 May 2018 14:55 -
Timberland Grows in Twin Cities, Obtains $50M Loan
The company will add one more community to its Twin Cities portfolio of nine properties. The new construction will be adjacent to the planned METRO Green Line Extension.
06 March 2018 10:41 -
Aeon to Develop New Affordable Housing in Twin Cities
The nonprofit plans to build Greenway Terrace Apartments, a 54-unit community in Ramsey, Minn. The grand opening is expected in late 2018.
05 December 2017 13:48 -
Dominium Completes Renovations on MN Affordable Asset
The company invested $9 million on interior, exterior and common-area upgrades to the 176-unit Park Haven.
27 November 2017 18:08 -
Dougherty Closes $34M Loan for Affordable MN Development
Named 1500 Nicollet, the planned 183-unit community in Minneapolis will include 5,500 square feet of retail space.
20 November 2017 14:14 -
Dougherty Mortgage Closes $32M Loan for MN Community
The financing will be used to build Union Flats, a 217-unit affordable housing property in St. Paul. The community will be built on a site currently occupied by the Hunt Electric Corp. building.
02 October 2017 15:04