{"id":1004052726,"date":"2011-07-29T13:16:54","date_gmt":"2011-07-29T21:16:54","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=11761"},"modified":"2022-12-07T19:55:42","modified_gmt":"2022-12-08T03:55:42","slug":"developers-eye-1240-new-apartment-units-in-minneapolis-suburbs","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/developers-eye-1240-new-apartment-units-in-minneapolis-suburbs\/","title":{"rendered":"Developers Eye 1,240 New Apartment Units in Minneapolis, Suburbs"},"content":{"rendered":"<p>By Camelia Bulea, Associate Editor<\/p>\n<p>Minneapolis could see the construction of multi-family projects that would add more than 800 apartment units in its Downtown area alone. \u00a0The latest proposal is a six-story, 100-unit project that would be built by TE Miller Development L.L.C. If the project passes the Minneapolis City Planning Commission, it will add 100 units to the existing housing stock.<\/p>\n<p>The TE Miller proposal follows plans by Greco Real Estate Development to convert two existing buildings into 250 apartments; a 185-unit project proposed by Hines Interests L.P.; and plans by a partnership of Ryan Cos. US Inc. and Excelsior Group to build some 250 apartments and a grocery store on the site of a former Jaguar dealership.<\/p>\n<p>Beyond the robust Downtown pipeline, an even larger project may be in store. \u00a0In Maple Grove, LeCesse Development Corp. is proposing GrandeVille at Arbor Lakes, a 440-unit complex that would rise on a site formerly used for gravel mining. Dick Edwards, Maple Grove\u2019s community development director, told the <em>Star-Tribune <\/em>in May that the project would be the city\u2019s largest multi-family project ever and would boost density in the continuing redevelopment of the former gravel mines.<\/p>\n<p>GrandeVille could be developed in two phases, a 240-unit first phase and a 200-unit second phase, according to <em>Finance and Commerce<\/em>, a local business newspaper. Plans call for four two-story buildings and units ranging in size from 810 to 1,600 square feet and in monthly rental prices from $1,200 to $2,100. The plan also includes a 12,500 square-foot retail development that will be built on two acres of the site.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Camelia Bulea, Associate Editor<br \/>\nMinneapolis could see the construction of multi-family projects that would add more than 800 apartment units in its Downtown area alone. \u00a0The latest proposal is a six-story, 100-unit project that would be built by TE Miller [&#8230;]<\/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-1004052726","post","type-post","status-publish","format-standard","hentry","category-minneapolis-st-paul","category-latest"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - 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