Luxury Residential Development Announced in St. Louis Park

By Gabriel Circiog, Associate Editor A new luxury residential development has been announced in the inner-ring Minneapolis suburb of St. Louis Park. A joint venture that includes Madison, Wis.-based E.J. Plesko & Associates Inc., Fiduciary Real Estate Development Inc. and Northwestern Mutual, both of Milwaukee, will develop the 36 Park Apartments. Located at 3601 Park [...]

A new luxury residential development has been announced in the inner-ring Minneapolis suburb of St. Louis Park.

A joint venture that includes Madison, Wis.-based E.J. Plesko & Associates Inc., Fiduciary Real Estate Development Inc. and Northwestern Mutual, both of Milwaukee, will develop the 36 Park Apartments. Located at 3601 Park Center Blvd., at the intersection of Highway 100 and West 36 Street, the development is close to local parks as well as shopping, dining and entertainment venues.

The 10-story development was designed by Chicago-based architectural firm HOK. Observed David Gevers, director of development for E.J. Plesko & Associates, “36 Park is a unique combination of exceptional design, environmental stewardship, art and better living functionality.” The apartment community will feature 192 units and will include a combination of luxury amenities such as a clubroom featuring a billiards table and a culinary kitchen, a piazza recreation area providing various outdoor games, and a rooftop terrace with a fire pit, grill and picturesque views of the Minneapolis skyline.

The StarTribune reports the monthly rents will range from $1,300 for one-bedroom units to $2,545 for two-bedroom, two-bathroom units with dens.

The 36 Park Apartments development, slated for completion in March 2013, is the latest luxury residential development in the Minneapolis market. As previously reported on this page, Opus Development recently announced that it has secured financing for a 27-story, 250-unit luxury rental tower in downtown Minneapolis. Construction on the $90 million project, located at the corner of Nicollet Mall and South Fifth Street, is scheduled to start in early December.

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Rendering Courtesy of: www.stevensconstruction.com