Trammell Crow has closed on the land and is moving forward with plans to build 164 luxury apartments and a new restaurant on the 1.89 acre Tryg's Restaurant site in the Uptown neighborhood in Minneapolis.
The project (3118 W. Lake) is being developed by High Street Residential, a subsidiary of Trammell Crow Company, which has received all necessary entitlements and will start construction on the six-story, mixed-use building this spring. The project will include a 5,000 square-foot restaurant that will be owned operated by the current Tryg's owner, but the concept and name will be different.
The project is in what's known as the West Lake Corridor, and is adjacent to the Minneapolis Greenway. The project is expected to be ready for occupancy by the middle of next year. "The former Tryg's site provides access to a combination of retail and recreational amenities offering future residents luxury-living, coupled with convenience and efficiency that will cater to multiple rental segments," said Johnny Carlson, Senior Vice President of Trammell Crow Company's Midwest business unit.
The building will include studio, alcove, one-bedroom, two-bedroom, two-bedroom plus a den and three-bedroom apartments. ESG Architects is the project architect, and a joint venture between Continuum Construction/Big D Construction will be the general contractor.
Trammell Crow has been busy in the Twin Cities. The company is developing The Island Residences at Carlson Center (174 luxury apartments) in Minnetonka and Arcata (165 luxury apartments) in Golden Valley, and recently completed and sold Junction Flats, a 182-unit luxury apartment project in Minneapolis' North Loop neighborhood.
