City Green Lights Weidner’s First Construction Project in Minneapolis
- Apr 21, 2016
Minneapolis–Plans are moving forward for a 245-unit apartment community in Minneapolis.
The project’s site plan, rezoning request and variances have been approved by the Minneapolis Planning Commission, according to the Finance & Commerce magazine. Construction is expected to begin in November and wrap up by January 2018.
The six-story residential community–which is set to replace the office of the Minnesota AIDS Project at 1400 Park Ave. S. in downtown’s Elliot Park–is being developed by Washington-based Weidner Apartment Homes and local developer Dan Hunt.
Designed by BKV Group, the upcoming “1400 Park” community will include a mix of market-rate one- and two-bedroom apartments ranging from 715 to 1,500 square feet, as well as 13 studios and nine penthouse suites. An 18,500-square-foot interior courtyard with green space will be built above two levels of underground parking for up to 280 automobiles. Residents will have access to a variety of recreational amenities such as a pool, spa, patio, a bar and grilling area, as well as seating areas.
The site also comprises a long-vacant First Church of Christ Scientist building at 624 15th St., which the developers might convert into additional amenity space. Additionally, the new development could bring 2,500 square feet of ground-floor commercial space at the corner of 14th Street and Park Avenue.
The Minneapolis City Council has yet to approve the project’s rezoning request, which would also bring two adjacent properties—at 627 14th St. and 622 15th St.—into the OR2 zoning district, which allows for high-density office and residential uses.
“1400 Park” marks Weidner’s first multifamily development in Minneapolis. The company purchased the Minnesota AIDS Project office property for $4.5 million in August 2015 and has two additional parcels under contract. Meanwhile, locally based Hunt Associates acts as a fee developer.
Weidner owns several other multifamily communities in Minneapolis, including 7West Apartments in the city’s downtown area which it purchased last year or 222 Hennepin in Minneapolis’ North Loop, which it purchased for a record $109 million.
Weidner is planning to break ground on two other apartment projects in the Twin Cities-area later this year. One is a mixed-use development in St. Louis Park, while the other will be located in St. Paul, between South Robert and South Wabasha streets.
Image courtesy of BKV Group