{"id":1004052690,"date":"2011-10-14T00:56:48","date_gmt":"2011-10-14T08:56:48","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=20847"},"modified":"2022-12-08T09:48:36","modified_gmt":"2022-12-08T17:48:36","slug":"greco-eyes-march-2012-start-for-32m-south-minneapolis-multi-family-project","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/greco-eyes-march-2012-start-for-32m-south-minneapolis-multi-family-project\/","title":{"rendered":"Greco Eyes March 2012 Start for $32M South Minneapolis Multi-Family Project"},"content":{"rendered":"

By Camelia Bulea, Associate Editor<\/p>\n

Greco L.L.C. is planning a March 2012 construction start for a $32 million residential project in south Minneapolis which will include 170 market-rate apartments, 220 underground parking spaces and 7,500 square feet of commercial space.<\/p>\n

The project joins a growing list of multi-family projects in the area, such as Track 29 Apartments and the redevelopment of the Bennett Lumber site. Those potential competitors offer Greco an added incentive to accelerate construction.<\/p>\n

During five years of ownership, Greco has proposed several plans for the site, including a boutique office building and an affordable residential project. Finance & Commerce<\/em> reports that the developer is optimistic that high demand for market-rate apartments will make the latest approach the best strategy. Financed by ASB Real Estate Investments, the project is being designed by Minneapolis-based BKV Group.<\/p>\n

Currently, Greco\u2019s other local market-rate residential projects are a 216-unit property in south Minneapolis and a 120-unit project in the North Loop area of downtown Minneapolis, both of which are under construction.<\/p>\n

 <\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

By Camelia Bulea, Associate Editor
\nGreco L.L.C. is planning a March 2012 construction start for a $32 million residential project in south Minneapolis which will include 170 market-rate apartments, 220 underground parking spaces and 7,500 square feet of commercial space.
\nThe project […]<\/p>\n","protected":false},"author":271,"featured_media":0,"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":[],"class_list":["post-1004052690","post","type-post","status-publish","format-standard","hentry","category-minneapolis-st-paul","category-latest"],"acf":[],"yoast_head":"\nGreco Eyes March 2012 Start for $32M South Minneapolis Multi-Family Project - 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\/greco-eyes-march-2012-start-for-32m-south-minneapolis-multi-family-project\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Greco Eyes March 2012 Start for $32M South Minneapolis Multi-Family Project\" \/>\n<meta property=\"og:description\" content=\"By Camelia Bulea, Associate Editor Greco L.L.C. is planning a March 2012 construction start for a $32 million residential project in south Minneapolis which will include 170 market-rate apartments, 220 underground parking spaces and 7,500 square feet of commercial space. 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