Opus sells student development

Buyer in Chicago purchases project near U of M

November 15, 2013 at 5:25PM

An entity associated with Opus Development Co. has sold The Station, a student-oriented apartment project on Washington Av. SE near the University Minnesota for about $31 million, according to records filed with Hennepin County.

The buyer was HSRE Station on Washington LLC of Chicago.

The six-story building features 97 residential units, from studios to two-bedrooms.

Opus Development served as the developer on the project, while Opus Design Build LLC was the contractor. Minneapolis-based Elness Swenson Graham Architects Inc. was the project architect and Opus AE Group LLC managed the structural engineering and interior design.

Janet Moore covers commercial real estate for the Star Tribune.

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