Minneapolis - Urban New Construction & Proposed Multifamily Projects 2Q20
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Minneapolis - Urban New Construction & Proposed Multifamily Projects 2Q20 ID PROPERTY UNITS 12 The Heights Phase II 63 42 17 Trails Edge 152 Total Lease Up 215 26 Parker Station Flats 198 61 Total Under Construction 198 147 42 Old Highway 8 Residential 100 61 3606 61st Avenue North 113 62 70 148 62 Northeast Business 83 17 Center Redevelopment 265 93 81 82 64 RF64 218 189 191 26 188 193 70 Lake Road Redevelopment 118 192 81 Fairview Avenue North 117 190 82 Fairview Avenue North 228 83 Owasso Gardens 60 93 Four Seasons Mall Redevelopment 418 187 183 Total Planned 1,637 96 Bandana Square 152 96 144 American Square 328 145 American Square Phase II 100 147 Brooklyn Center 575 148 Silver Lake Road 498 149 6467 Lyndale Avenue South 120 177 2751 Shepard Road 211 178 Sibley Plaza 120 183 Luther Seminary 120 185 Thompson Oaks Golf Course 153 145 186 River Bluff Senior Housing 140 178 186 144 185 187 Amber Union Workforce Housing 106 177 188 Fairview Avenue North 99 149 64 189 Fairview Avenue North Senior 277 190 The Village 425 12 191 White Bear Avenue 99 192 7th Avenue East Development 88 193 Anchor View 126 Total Prospective 3,737 2 mi Source: Yardi Matrix LEGEND Lease-Up Under Construction Planned Prospective Minneapolis - Urban New Construction & Proposed Multifamily Projects 2Q20 ID PROPERTY UNITS 2 The Archive 198 87 7 Uncommon Dinkytown 114 8 Marquee 231 11 Vesi North Loop 218 13 OX - OP Residences 153 14 Nico 123 103 Elliot Twins Rehabilitation and Addition 100 86 Total Lease Up 1,037 104 Mill District 207 30 55 105 Portland & Washington 250 25 19 The Larking 341 115 Currie Commons 189 116 20 240 Hennepin 341 116 FreedomWorks Housing Development 50 22 Weidner Elliot Park 245 117 Girard and Humboldt 95 119 24 240 Park Avenue 204 118 Olson Memorial Hwy 92 122 25 TE Miller 112 119 Washington Avenue 350 121 28 701 Central Avenue 159 120 14th Avenue Flats 175 120 199 30 Gateway Northeast 128 121 1501 Johnson Street 164 198 197 123 124 31 5th & 7th Street 175 122 1717 Central Avenue 78 125 126 33 Odin 335 123 Broadway Street 108 37 600 5th Avenue 122 124 Eide Saw 118 Total Under Construction 2,162 125 Main Street West 113 126 The Main Street 288 11 127 28 132 43 1010 Building Redevelopment 179 127 1101 Hennepin Avenue 56 57 139 128 1127 4th Street SE 60 33 44 310 Lofts - North Loop 60 131 133 102 130 45 The 800 Washington Project 127 129 1319 4th Street SE 300 46 98 135 130 416 - 420 East Hennepin 227 194 46 Bassett Creek East 139 44 2 137 131 6th and 3rd 345 118 47 Downtown East Phase V 342 49 138 128 48 H. Alden Smith House 89 132 700 Central Phase II 71 20 49 North Loop Green 450 133 American Spirit on 9th 88 7 100 129 136 55 California Avenue 134 Cedar High - 1627 Renovation 116 117 134 105 Multi-Family Development 135 Corner 57 115 24 45 57 815 6th Avenue 51 136 Dinkytown 300 37 104 47 86 Gateway Northeast 128 137 General Mills 304 31 13 87 Upper Harbor Terminal Redevelopment 530 138 General Mills Phase II 270 Total Planned 2,229 48 19 139 Spectrum 61 99 43 140 AGRA 171 101 8 98 110 3rd Avenue 107 194 N Washington & N 5th Avenue 319 22 103 134 99 12th Street Tower 350 197 Satori 112 100 301 Nicollet 370 198 Satori Phase II and III 96 14 101 Century Plaza 80 199 West Broadway Curve Redevelopment 69 140 102 Duffey Lofts 200 Total Prospective 6,506 2000 ft Source: Yardi Matrix LEGEND Lease-Up Under Construction Planned Prospective Minneapolis - Urban New Construction & Proposed Multifamily Projects 2Q20 ID PROPERTY UNITS 3 Platform 123 56 6 6 HERE 169 59 15 Harper 163 34 16 The Grove 118 58 Total Lease Up 573 27 Midtown Corner 189 34 Max 315 3 184 Total Under Construction 504 180 50 The 38th Street 63 182 56 2407 University Avenue SE 200 76 78 58 Art & Architecture 137 181 59 Malcolm Yards 300 106 60 Nawadaha Boulevard 141 77 27 76 441 Snelling Avenue North 137 179 108 110 77 Carroll Avenue 70 15 78 Snelling - Midway Site 620 95 Ford Assembly Plant Site Redevelopment 3,800 Total Planned 5,468 106 Midtown Crossing 55 141 108 Bloomington & Lake Street 54 195 110 L&H Station Phases II - IV 400 50 142 16 141 Checkerboard 500 142 Hiawatha Avenue 102 143 Hiawatha Avenue 75 146 Cedar Avenue 125 179 Dayton Avenue 97 180 Midway Towers 234 181 The Pitch 156 182 Fairview Avenue North & University Avenue West 279 184 Pirtek Building 140 60 195 38th Street Station Phase II 145 146 143 95 Total Prospective 2,362 2000 ft Source: Yardi Matrix LEGEND Lease-Up Under Construction Planned Prospective Minneapolis - Urban New Construction & Proposed Multifamily Projects 2Q20 175 73 79 174 ID PROPERTY UNITS 172 166 29 St. Paul Gateway Site 144 Total Under Construction 144 170 171 164 167 71 Waterford Bay 242 173 165 72 Waterford Bay 242 29 73 590 Park Street 92 168 74 Stryker Avenue 57 75 Water Street West 137 169 94 79 Payne Avenue 75 75 176 80 Butler Avenue Apartments 369 94 West Side Flats Phase II 264 Total Planned 1,478 164 Cray Plaza Remodel 100 165 First National Bank Building Redevelopment 170 71 74 166 The Gallery St. Paul 140 72 167 Kellogg Boulevard 90 168 St. Paul Riverfront Mixed-Use 325 169 7th Street West 153 170 60 North Avon 100 171 Cathedral Hill 175 172 Rice Street Sears Redevelopment 800 173 Selby and Dale 82 174 University Avenue 61 175 Rivoli Bluff 100 80 176 Fillmore West 640 Total Prospective 2,936 2000 ft Source: Yardi Matrix LEGEND Lease-Up Under Construction Planned Prospective Minneapolis - Urban New Construction & Proposed Multifamily Projects 2Q20 54 39 ID PROPERTY UNITS 5 The Asher 175 18 Good Dwelling 80 Total Lease Up 255 84 18 23 Sons of Norway Redevelopment 318 107 36 29 Bryant 91 111 38 Rana Village 113 51 39 Theater Garage Marquee 111 114 Total Under Construction 633 38 109 113 51 Garfield 67 85 196 5 36 52 3220 Girard Avenue South 77 53 23 97 53 The James and Lake 317 54 Lyndale Avenue 241 84 2600 Blaisdell 147 85 Lake Street Dwelling Phase II & III 203 52 Total Planned 1,052 97 Calhoun Square Redevelopment 452 107 1st Avenue South 51 109 Karmel Square 89 111 27th & Girard 85 113 Buzza Lofts of Uptown Phase II 135 114 Girard Avenue 76 196 West Lake Street & James Avenue South 127 Total Prospective 1,015 1000 ft Source: Yardi Matrix LEGEND Lease-Up Under Construction Planned Prospective Minneapolis - Urban New Construction & Proposed Multifamily Projects 2Q20 ID PROPERTY UNITS 1 Elan West End 164 4 Lakehaus 200 158 91 40 9 Urban Park Phase II 61 35 10 The Elmwood 70 1 Total Lease Up 495 68 21 Novo 192 32 Millennium Sixty - Six 227 35 Marsh Run 175 4 40 The Xenia 372 163 41 Excelsior Blvd & Monterey Drive 148 112 90 Total Under Construction 1,114 92 161 9 10 69 162 63 Penn Avenue South 130 41 65 7200 France Avenue 171 202 66 Promenade Residences 185 67 Southdale Center Mixed-Use Tower 260 160 159 68 Ridgedale Drive 168 69 Sam's Club Redevelopment 144 88 7250 France Avenue 130 89 The Boulevard 277 200 155 90 Beltline Boulevard 183 91 Platia Place 143 92 Via 299 Total Planned 2,090 112 3404 List Place 195 63 150 4100 Apartments 70 156 151 77th Street 325 157 32 21 152 77th Street 117 67 153 Amundson Flats 115 201 66 154 The Boulevard Phase II 320 153 65 155 Grandview 140 89 88 156 Millennium Sixty - Six Phase II 145 162 6027 West 37th Street 60 154 157 Promenade on France 200 163 Texas Avenue 106 150 151 158 The Pointe 186 200 4916 France 110 152 159 Blake Road Station 752 201 France Avenue - US Bank 200 160 Vista 44 50 202 325 Blake Road Redevelopment 465 161 34th Street West 223 Total Prospective 3,779 1 mi Source: Yardi Matrix LEGEND Lease-Up Under Construction Planned Prospective Minneapolis - Urban New Construction & Proposed Multifamily Projects PERMIT FORECASTED START OF ID PROPERTY NAME ADDRESS CITY STATE ZIP STATUS UNITS SUBMARKET DATE COMPLETION DATE RENT-UP 1 Elan West End 1325 Utica Avenue South St. Louis Park MN 55416 Lease-Up 164 St. Louis Park 07/31/2019 01/31/2021 04/24/2020 2 The Archive 110 North 1st Street Minneapolis MN 55401 Lease-Up 198 Minneapolis - Central 06/01/2019 01/31/2021 03/19/2020 3 Platform 747 Hampden Avenue St. Paul MN 55114 Lease-Up 123 St. Paul - Lexington Hamline 09/30/2019 01/31/2021 02/27/2020 4 Lakehaus 3100 West Lake Street Minneapolis MN 55416 Lease-Up 200 Minneapolis - Calhoun Isle 06/30/2019 11/30/2020 01/15/2020 5 The Asher 1125 Lagoon Avenue Minneapolis MN 55408 Lease-Up 175 Minneapolis - Calhoun Isle 08/08/2019 10/31/2020 06/01/2020 6 HERE 2813 SE 4th Street Minneapolis MN 55414 Lease-Up 169 Minneapolis - University 04/30/2019 09/30/2020 01/01/2020 7 Uncommon Dinkytown 1212 4th Street SE Minneapolis MN 55414 Lease-Up 114 Minneapolis - University 05/20/2019 09/30/2020 09/03/2019 8 Marquee 1410 Nicollet Avenue Minneapolis MN 55403 Lease-Up 231 Minneapolis - Central 12/31/2018 08/31/2020 03/16/2020 9 Urban Park Phase II 3601 Phillips Pkwy Minneapolis MN 55426 Lease-Up 61 St.