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
Mixed-Use | Apr 5, 2017
SOM-designed ‘vertical village’ is Thailand’s largest private-sector development ever
60,000 people will live and work in One Bangkok when it is completed in 2025.
High-rise Construction | Apr 4, 2017
Fifth tallest tower in the world opens in Seoul with the world’s highest glass-bottomed observation deck
Lotte World Tower’s glass-bottomed observation deck allows visitors to stand 1,640 feet above ground and look straight down.
Mixed-Use | Mar 27, 2017
The Plant brings terrace-to-table living to Toronto
Curated Properties and Windmill Developments have teamed up to create a mixed-use building with food as the crux of the project.
Multifamily Housing | Mar 24, 2017
Desirable L.A. neighborhood receives new 34-unit residential building
Killefer Flammang Architects designed the urban infill project.
High-rise Construction | Mar 22, 2017
Porsche Design Tower is, unsurprisingly, a car lover’s dream
The idea behind the residential tower was to provide residents with a full single family home in the sky, complete with a private garage and pool.
Multifamily Housing | Mar 15, 2017
Amenity-packed residential building is Zaha Hadid’s only NYC project
The building sits adjacent to New York’s popular High Line park and includes a $50 million penthouse.
Sponsored | Multifamily Housing | Mar 10, 2017
Bathroom ergonomics and design for a shifting demographic
Multifamily Housing | Feb 24, 2017
121 East 22nd Street will be the first OMA-designed residential building in NYC
The building will offer 133 units across its 18 stories.
Multifamily Housing | Jan 15, 2017
Multifamily sector expected to stay strong in 2017
Market watchers expect some moderation from record highs, but not much.
