MINNEAPOLIS-Opus Development Corp. has secured financing for TheNic on Fifth, a high-rise apartment tower in downtown Minneapolis.SunTrust Bank provided financing for the multifamily project, whichwill come up on Fifth Street and Nicollet Mall, near the XcelEnergy building.

Opus is partnering with Founders Properties LLC on the project.The 26-story apartment building will comprise 253 units and isdesigned to attain LEED certification. Construction is scheduled tostart in November and the apartments will be available forresidents in summer 2014. For the full story, go to Commercial Property Executive .

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