Just Listed brings you the latest news and information from the Twin Cities-area commercial and residential real estate market and beyond from veteran reporters Jim Buchta and Janet Moore.

Upscale apartments in Minneapolis leasing

Posted by: Janet Moore Updated: April 29, 2013 - 7:01 AM

 

 

Whenever I hear about projects like Track 29 Apartments in Minneapolis, I begin to think that home ownership may be overblown.

The 198-unit apartment project, located at 2841 Bryant Ave. S., adjacent to the Midtown Greenway, is now pre-leasing alcoves, one-bedroom, one-bedroom plus a den, two-bedrooms, two-bedrooms plus a den, and "New York-style" two-story duplexes. Space ranges from 572 square feet to 1,493 square feet, and rents range from $1,310 to $2,980 a month. (The leasing office for now is at West 28th Street and Lyndale Avenue South .)

The $41 million project was developed by locally based RMF Group and Loren Brueggemann of Phoenix Development Co., and has a number of features, including a "Saltwater Natatorium,:" a saltwater lap pool with a sphagnum moss filter system, a rooftop terrace and "Vitamin D" deck, a Zen garden, an art gallery, a heated dog park, bike storage and workshop, a fitness center and a public art drinking fountain that can be used by residents and Greenway users alike.

Developer Ross Fefercorn also notes various environmentally friendly amenities, including dual flush toilets, electric-car charging areas and a green roof over the parking garage (there's 237 underground heated parking stalls, too).

Phase one opens this July with a second phase opening in September. The site is also the location of 27 townhomes previously developed by Fefercorn.

Janet Moore covers commercial real estate for the Star Tribune.
 

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