{"id":1004052513,"date":"2012-08-27T05:13:59","date_gmt":"2012-08-27T13:13:59","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=64693"},"modified":"2020-04-07T11:22:10","modified_gmt":"2020-04-07T19:22:10","slug":"kraus-anderson-plans-to-build-204-unit-market-rate-apartment-complex","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/kraus-anderson-plans-to-build-204-unit-market-rate-apartment-complex\/","title":{"rendered":"Kraus-Anderson Plans to Build 204-Unit Market-Rate Apartment Complex"},"content":{"rendered":"<p>By Gabriel Circiog, Associate Editor<\/p>\n<p>Kraus-Anderson Construction Co. announced plans to build a new $39 million apartment complex in downtown Minneapolis&#8217; historic Warehouse District. <a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2012\/08\/Third-North.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-medium wp-image-64698\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2012\/08\/Third-North.jpg\" alt=\"\" width=\"300\" height=\"180\" \/><\/a><\/p>\n<p>Located at 800 N. Third St., the new 266,000-square-foot apartment complex was designed by locally based UrbanWorks Architecture L.L.C. Third North, a six-story complex, will feature 204 apartment units ranging in size from studios to two bedrooms. The development will feature interior amenities such as two fitness rooms, a bike shop, a conference and computer center, a dog run, a pet grooming room and a community lounge. Third North will also feature two levels of underground parking and electric vehicle-charging stations. The outside courtyard will include amenities such as a pool, a spa, built-in grilling stations, a lawn game area and boulevard trees planted in a Swedish vault system.<\/p>\n<p>Kraus-Anderson announced that Schafer Richardson Inc. is the developer of the project and the groundbreaking ceremony is scheduled for Aug. 30. The market-rate apartment complex is expected to be completed in December 2013.<\/p>\n<p>Established in 1897, Kraus-Anderson Construction is among the oldest commercial general contractors and construction managers in the Midwest. As previously reported by <em>Commercial Property Executive<\/em>, the company has recently announced its involvement in another development project in Minnesota. The $12 million project will be an addition to the existing Arbors at Ridges, an assisted living community in Burnsville, which currently offers 44 senior apartments. The new three-story development will feature 63 assisted-living units. The project, designed by Bloomington-based Sperides Reiners Architects Inc., is being built by Kraus-Anderson in partnership with Minneapolis-based seniors housing provider Ebenezer Management Services, which will manage the community.<\/p>\n<p>For more market data on Minneapolis, please <a href=\"https:\/\/www.multihousingnews.com\/news\/market-snapshot-minneapolis-maintains-status-as-growth-leader-in-employment-and-occupancy\" target=\"_blank\" rel=\"nofollow\"><strong>click here<\/strong><\/a>.<\/p>\n<p><em>Rendering Courtesy of: www.sr-re.com<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Gabriel Circiog, Associate Editor Kraus-Anderson Construction Co. announced plans to build a new $39 million apartment complex in downtown Minneapolis&rsquo; historic Warehouse District. Located at 800 N. Third St., the new 266,000-square-foot apartment complex was designed by locally based UrbanWorks Architecture L.L.C. Third North, a six-story complex, will feature 204 apartment units ranging in [&#8230;]<\/p>\n","protected":false},"author":1269,"featured_media":1004507085,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[36076,21742],"tags":[1815],"class_list":["post-1004052513","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-minneapolis-st-paul","category-latest","tag-national"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Kraus-Anderson Plans to Build 204-Unit Market-Rate Apartment Complex - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/kraus-anderson-plans-to-build-204-unit-market-rate-apartment-complex\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Kraus-Anderson Plans to Build 204-Unit Market-Rate Apartment Complex\" \/>\n<meta property=\"og:description\" content=\"By Gabriel Circiog, Associate Editor Kraus-Anderson Construction Co. announced plans to build a new $39 million apartment complex in downtown Minneapolis&rsquo; historic Warehouse District. 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