min-OpusLincolnDriverendering1 (3)

|

MINNEAPOLIS—Office markets acrossthe US are burdened with obsolete structures that modern usersdisdain. But the city of Edina, a suburb just southwest ofMinneapolis, saw an opportunity to transform one such site intomuch needed multifamily housing, and that vision will soon becomereality.

|

The OpusGroup, a Minneapolis-basedfirm, just started the demolition of an existing 94,000-square-footbuilding in Edina that was built in the 1960s and formerly leasedto UnitedHealthGroup. Opus will soonbegin construction on a four-story, 244-unit multifamilydevelopment on the site. UHC left the campus for nearby Minnetonka,and Children's Hospitals& Clinics willcontinue to occupy a second building that UHC renovated.

|

“Our project will complete therevitalization of this office campus,” Phil Cattanach, director, real estate development,Opus Development Co.,LLC, tells GlobeSt.com.“This is a very desirable municipality in which to live, but therehas not been much in the way of new housing stock in the area.” Theproblem for developers has been “find a piece of real estate largeenough to handle a project of this size.”

|

Edina residents enjoy great accessto employment hubs, he adds, a great school system and a host ofamenities. Furthermore, “there is a lot of pride in Edina; we'vefound that people born and raised there like to stay.”

|

The redevelopment will offer avariety of floor plans ranging from alcoves to 2-bedroom units witha den. Units will range from 585 square feet to 1,350 square feetwith high-end finishes desirable to today's renters. Onsiteamenities will include underground parking, a club room, anentertainment kitchen and a fitness center. The amenity spaces alsoinclude a covered walkway to a courtyard with an enclosed game roomand entertainment space, as well as an extensive outdoor pool,bocce ball court and fire pit area.

|

In addition to onsite amenities,residents will have convenient access to the adjacent regionaltrail system the Three River Parks District is currentlydeveloping, local area employers and Highway 169.

|

Opus and its partner,Founders Properties,LLC, plan to complete theproject ion by spring 2018. Opus Design Build, LLC is the design-builder and Opus AE Group, LLC is the architect and structural engineer ofrecord.

|

min-OpusLincolnDriverendering1 (3)

|

MINNEAPOLIS—Office markets acrossthe US are burdened with obsolete structures that modern usersdisdain. But the city of Edina, a suburb just southwest ofMinneapolis, saw an opportunity to transform one such site intomuch needed multifamily housing, and that vision will soon becomereality.

|

The OpusGroup, a Minneapolis-basedfirm, just started the demolition of an existing 94,000-square-footbuilding in Edina that was built in the 1960s and formerly leasedto UnitedHealthGroup. Opus will soonbegin construction on a four-story, 244-unit multifamilydevelopment on the site. UHC left the campus for nearby Minnetonka,and Children's Hospitals& Clinics willcontinue to occupy a second building that UHC renovated.

|

“Our project will complete therevitalization of this office campus,” Phil Cattanach, director, real estate development,Opus Development Co.,LLC, tells GlobeSt.com.“This is a very desirable municipality in which to live, but therehas not been much in the way of new housing stock in the area.” Theproblem for developers has been “find a piece of real estate largeenough to handle a project of this size.”

|

Edina residents enjoy great accessto employment hubs, he adds, a great school system and a host ofamenities. Furthermore, “there is a lot of pride in Edina; we'vefound that people born and raised there like to stay.”

|

The redevelopment will offer avariety of floor plans ranging from alcoves to 2-bedroom units witha den. Units will range from 585 square feet to 1,350 square feetwith high-end finishes desirable to today's renters. Onsiteamenities will include underground parking, a club room, anentertainment kitchen and a fitness center. The amenity spaces alsoinclude a covered walkway to a courtyard with an enclosed game roomand entertainment space, as well as an extensive outdoor pool,bocce ball court and fire pit area.

|

In addition to onsite amenities,residents will have convenient access to the adjacent regionaltrail system the Three River Parks District is currentlydeveloping, local area employers and Highway 169.

|

Opus and its partner,Founders Properties,LLC, plan to complete theproject ion by spring 2018. Opus Design Build, LLC is the design-builder and Opus AE Group, LLC is the architect and structural engineer ofrecord.

Want to continue reading?
Become a Free ALM Digital Reader.

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Brian J. Rogal

Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.

brianjrogal

Just another ALM site