Dallas-based Trammell Crow Co. said this morning that it plans to begin construction this fall on 165 luxury apartments in Golden Valley. The Arcata will built on a 2-acre site near The Shops at West End. It'll be adjacent to the Colonnade Office Tower and south of Golden Hills Office Center on Golden Hills Drive.
The 260,000 square-foot, six-story project will compete in an increasingly tight rental market by offering resort-style amenities, including a sprawling outdoor swimming pool, club room and fitness center. It's a significant announcement for Golden Valley, which has largely been overlooked in recent years by apartment developers, and it joins thousands of apartment units across the metro area - most of them in and around downtown Minneapolis. Several hundred units are already under construction in nearby St. Louis Park, where developers are busy on a new phase of Hoigaard Village, and the Flats at West End. Hoiga.ard Village
"Arcata provides an opportunity for residents to live in a centrally located, accessible, amenity driven and employment rich suburb," said Grady Hamilton, head of TCC's midwest business unit.