Designed by UrbanWorks Architecture, a new $53 million apartment complex is now under construction in Richfield, Minn.
The project, which is being built by a partnership between Kraus-Anderson (general contractor) and Inland Development Partners, will comprise three new construction buildings and three renovated ones. The complex will provide 316 units in total. Of the 316 mixed-income units, 20% will be designated as affordable housing.
In addition to the new apartment units, the project will also extend Richfield Parkway through the complex south from 66th Street to 70th Street. The property was purchased from the City of Richfield and is being funded via the HUD 221(d)(4) program through the AFL-CIO Housing Investment trust and placed by Dougherty Mortgage of Minneapolis.
The first units are expected to be open in fall 2019.
Related Stories
Hotel Facilities | Feb 4, 2019
31-story YotelPAD Miami combines 222 hotel rooms and 231 condominiums
YotelPAD is a new brand by Yotel.
Multifamily Housing | Jan 31, 2019
Student housing series: Designing a home away from home in The Golden State
California asserts building code restrictions more stringently than other states, making design challenging for student housing.
Multifamily Housing | Jan 29, 2019
Here's what $41M will buy you in the OMA-designed Avery tower in SF
A glass-enclosed, full-floor, 8,482-sf penthouse will sit more than 600 feet above San Francisco's Transbay District.
Multifamily Housing | Jan 28, 2019
Luxury townhomes rise on the site of a former office park in Irvine, Calif.
KTGY Architecture + Planning designed the project.
Multifamily Housing | Jan 25, 2019
The country's most expensive home sells for $238 million
The unit comprises four stories at 220 Central Park South in Manhattan.
Multifamily Housing | Jan 22, 2019
Caoba is the first tower to open at Miami Worldcenter
Caoba was co-developed by CIM Group and Falcone Group.
Multifamily Housing | Jan 16, 2019
Micro-units: Good for the city? Good for citizens?
Thinking more holistically about housing typologies and zoning will improve our public realm.
Multifamily Housing | Jan 7, 2019
364-unit multifamily development planned near Lake Lewisville in Texas
BGO Architects is designing the project.
Multifamily Housing | Dec 18, 2018
Redesigning the intergenerational village: Innovative solutions for communities and homes of the future
Social sustainability has become a central concern in terms of its effect that spans generations.