
PROPERTIES UNDER CONSTRUCTION
AVIENDA VILLAGE
REGIONAL LIFESTYLE CENTER
CHANHASSEN, MN – Avienda is an exciting new 80-acre mixed-use project that is being constructed on Hwy 212 & Powers Blvd. The Southwest trade area surrounding the property is one of the most affluent in the Twin Cities market, with Carver and Scott Counties being the fastest growing Counties in the State. Chanhassen is frequently recognized for its high quality of life, strong financial position, and stable economy, and is a five-time recipient of Money Magazine’s Best Places to Live. Despite a robust trade area, the retail square footage per capita is low, and the bulk of retail spending is done outside the trade area.
BODEN SENIOR LIVING OF INVER GROVE HEIGHTS
40-UNIT ASSISTED-LIVING COMMUNITY
INVER GROVE HEIGHTS, MN – Boden Senior Living of Inver Grove Heights will be a single-story facility with 40 units of assisted living and memory care located in Inver Grove Heights, MN. This building design is a better alternative for people who require high acuity care. This community will provide 24-hour support, private bedrooms, and bathrooms, home-cooked nutritious meals, physical and mental exercises, housekeeping & laundry services, social outings, and activities. There is no universal acuity scale, so we created a model of a community that is deliberate to a resident’s needs with nurse staffing ratios and levels of care that meet each unique resident’s complex care plan.
NORBELLA SENIOR LIVING OF ROGERS
40-UNIT ASSISTED-LIVING COMMUNITY
ROGERS, MN – NorBella Senior Living of Rogers will be a single-story facility with 40 units of assisted living and memory care located in Rogers, MN. This building design is a better alternative for people who require high acuity care. This community will provide 24-hour support, private bedrooms, and bathrooms, home-cooked nutritious meals, physical and mental exercises, housekeeping & laundry services, social outings, and activities. There is no universal acuity scale, so we created a model of a community that is deliberate to a resident’s needs with nurse staffing ratios and levels of care that meet each unique resident’s complex care plan.
VINCENT ROGERS QUEST
134-UNIT MARKET RATE APARTMENT BUILDING
ROGERS, MN – The Vincent Rogers Quest apartment site is located south of 137th Avenue and a block west of Northdale Boulevard within a growing community in Rogers, MN. This development provides 134 covered underground parking stalls with an additional 97 surface parking stalls. Amenities include a large community room, fitness center with gym-quality equipment, community patio, and recreation patio with small putting green and room for lawn games.
GRAND35 APARTMENTS
130-UNIT, 55+ MARKET RATE APARTMENT BUILDING
BURNSVILLE, MN – The Grand35 Apartments site is located in the Twin Lakes Residential addition in Burnsville, MN. This four-story, 130-unit, multi-family, age 55+ apartment building will provide underground parking stalls, high-quality finishes, and two hydraulic elevators. Amenities include a large community room, rooftop sky lounge with outdoor fireplace and game room, spacious entry lobby with seating, fitness center with gym-quality equipment, private tenant storage lockers, centralized mail delivery area with automated parcel handling, and security and surveillance system with controlled access entry.
AVENTUS EDGE DATA CENTER
TIER III LEVEL EQUIVALENT DATA CENTER
MILWAUKEE, WI – Aventus Edge Data Center is a Tier III level equivalent data storage site in Milwaukee, WI. This masonry construction building is a single-story freestanding structure consisting of 26,432 total square feet on a 2.04 acre site. The anchor tenant is Agility Holdings LLC (dba VCPI) and has 7 years remaining on a NNN lease with two optional 5-year extensions. The current lease payment is $35,525 per month and carries automatic annual escalations of 1.5%. In conjunction with the NNN lease, the anchor tenant also pays approximately $39,000 per month in operating expenses. The lease is secured by a corporate and personal guarantee. Expansion plans consist of two phases totaling 213 additional data storage racks occupying approximately 7,000 sq. ft. of available space.
AVENTUS EDGE DATA CENTER
TIER III DATA CENTER
MARSHFIELD, WI – Aventus Edge Data Center is a Tier III data storage site in Marshfield, WI. This masonry construction building consists of 20,000 square feet with an advanced fire detection and fire suppression system, secure loading docks, secure staging area and storage, customer workspace, conference room, network operations center, and a networking meet-me-room. This data center is SOC 2 Type 2 certified for security and availability and has been designed with controls to operate effectively over time. Aventus Edge Data Center in Marshfield is Wisconsin’s only Tier III certified data center beside our Aventus Data Center in Milwaukee located 100 miles away. This holds opportunity for a good backup location for Aventus customers.
PROPERTIES RECENTLY COMPLETED
VINCENT WOODS APARTMENTS
168-UNIT APARTMENT COMMUNITY DEVELOPMENT
ROGERS, MN – Vincent Woods Apartment community is a 168-unit, market-rate apartment housing development located near the intersection of Interstate 94 and 101 in Rogers, MN. This two-building community is designed as a three-story structure with an underground parking garage. Vincent Woods Apartments offer a variety of floor plans with studio, one-bedroom, and two-bedroom options.
CEDAR CREEK SENIOR LIVING
70-UNIT SENIOR LIVING COMMUNITY
EAST BETHEL, MN – Cedar Creek Senior Living is a 70-unit, assisted living development which includes 49 assisted living and 21 memory care units located in East Bethel, MN. This building is designed and constructed as a three-story wood-framed structure with a parking garage. This property offers a variety of floor plans with studio, one-bedroom, and two-bedroom options.
WHISPERING HILLS
144-TOWNHOMES & 71 SINGLE FAMILY VILLAS
VICTORIA, MN – Whispering Hills is in the Carver County community of new homes located south of State Highway 5, between Victoria and the national award-winning University of Minnesota Landscape Arboretum. Victoria, MN is the “richest” city in the state and also known as the “City of Lakes and Parks” with a median per capita income of $120,000. Median home prices are north of $400,000. New construction homes range from $650,000 to more than $1,000,000. Whispering Hills brought a new dynamic to the area. The site consists of 215 lots: 144 townhome lots and 71 Single-Family Villa lots.
LAKE JONATHAN FLATS
117-UNIT MARKET-RATE APARTMENT BUILDING
CHASKA, MN – Lake Jonathan Flats is a 117-unit market-rate apartment building. This three-story structure is over a two-story underground parking garage with 143 stalls, 56 surface parking spaces, 2 elevators, and a controlled entry system. The building offers a variety of studio, one-bedroom, and two-bedroom options. Lake Jonathan Flats features everyday conveniences including heated parking, indoor trash and recycling, and designated bicycle parking. These apartment homes have modern features including granite countertops, over-sized windows, and stainless-steel appliances.
CROSSROADS AT ELM CREEK
98-UNIT MARKET-RATE APARTMENT BUILDING
MAPLE GROVE, MN – Crossroads at Elm Creek is a three (3) story, 98-unit, wood-framed structure. This building offers a variety of studio, one, two, and three-bedroom options. Each apartment-style unit is equipped with a full kitchen appliance package, granite countertops, and solid wood cabinetry. Units also include full-size washers and dryers, walk-in closets, and window treatments. The common areas are designed to support and encourage social interaction and promoting a sense of community. The apartment building includes underground parking.
URBANA PLACE SENIOR LIVING
103-UNIT ASSISTED LIVING COMMUNITY
BROOKLYN PARK, MN – Urbana Place Senior Living is located at 5601 94th Avenue North in Brooklyn Park, MN. This assisted living building has 103 apartments in one four-story building with underground parking. The apartments include 75 one-bedroom and two-bedroom independent and assisted living apartments and 28 memory-care studios. The building provides a total of 96 parking spaces, of which 58 are underground, and 38 are surface parking spaces. Urbana Place Senior Living has a substantial amount of common area space, a cozy bistro and pub, spa/salon, walking paths, and outdoor courtyard.
POWERS RIDGE SENIOR LIVING
76-UNIT, 55+ ACTIVE SENIOR LIVING COMMUNITY
CHANHASSEN, MN – Powers Ridge Senior Living is a 76-unit, 55+ age-restricted senior living community located at 1351 Lake Drive West in Chanhassen, MN. All apartment units are contained in one, three-story building with an underground parking garage, elevator, and contemporary amenities. This building offers a variety of floor plans with studio, one-bedroom, and two-bedroom options.
YORKSHIRE OF EDINA
96-UNIT SENIOR LIVING COMMUNITY
EDINA, MN – Yorkshire of Edina is a 96-unit, assisted living & memory care community located off York Avenue South in Edina, MN. The facility is a four-story building, with one layer of underground parking and contains contemporary amenities. The facility has 17 independent or housing-with-services units, 49 assisted living units, and 30 memory care units. This building offers a variety of floor plans with studio, one-bedroom, and two-bedroom options.
BOULDER PONDS ASSISTED LIVING
95-UNIT SENIOR LIVING COMMUNITY
LAKE ELMO, MN – Boulder Ponds is a 95-unit senior assisted living & memory care project located in the southwest corner of Lake Elmo near the intersection of Interstate 94 & Co. Rd. 13. The property is a 3.68-acre site located in the Boulder Ponds subdivision. This project is a 3-story, wood-framed structure built over an underground parking garage. This development addresses a gap in the Lake Elmo senior living marketplace. The unit mix includes 28 memory care, 67 assisted living, and one guest suite to accommodate visitors. Boulder Ponds Assisted Living offers a variety of floor plans, including studio, one-bedroom, and two-bedroom options.
THE MEADOWS AT SPRING CREEK
156-SINGLE FAMILY & VILLA STYLE LOTS
CARVER, MN – The Meadows at Spring Creek is a dynamic 50-acre development site that is zoned medium density to allow for 4-to-8 units per acre. Municipal utilities are available to the site along Spring Creek Drive. The development site plan has a mixture of 152 total Single Family and Villa style lots. This property is pre-sold with a two-year/three-phase scheduled buyout from a national builder.
NORBELLA SENIOR LIVING OF PRIOR LAKE
40-UNIT ASSISTED-LIVING COMMUNITY
PRIOR LAKE, MN – NorBella Senior Living of Prior Lake is a single-story facility with 40 units of assisted living and memory care located in Prior Lake, MN. This building design is a better alternative for people who require high acuity care. This community will provide 24-hour support, private bedrooms, and bathrooms, home-cooked nutritious meals, physical and mental exercises, housekeeping & laundry services, social outings, and activities. There is no universal acuity scale, so we created a model of a community that is deliberate to a resident’s needs with nurse staffing ratios and levels of care that meet each unique resident’s complex care plan.
URBANA COURT APARTMENTS
207-UNIT MARKET-RATE APARTMENT BUILDING
BROOKLYN PARK, MN – Urbana Court Apartments is a 207-unit, market-rate apartment community located at 5401 94th Avenue North, Brooklyn Park, MN. All apartment units are contained in one; three-story structure built over a concrete underground parking garage and will include a variety of indoor and outdoor amenities. The current parking plan provides 227 spaces in an underground parking garage and 167 surface parking spaces. The facility offers studio, one bedroom, one bedroom plus den, two bedroom, and two bedroom plus den apartments for residents.
NORBELLA SENIOR LIVING OF SAVAGE
40-UNIT ASSISTED-LIVING COMMUNITY
SAVAGE, MN – NorBella Senior Living of Savage is a single-story facility with 40 units of assisted living and memory care located in Savage, MN. This building design is a better alternative for people who require high acuity care. This community will provide 24-hour support, private bedrooms, and bathrooms, home-cooked nutritious meals, physical and mental exercises, housekeeping & laundry services, social outings, and activities. There is no universal acuity scale, so we created a model of a community that is deliberate to a resident’s needs with nurse staffing ratios and levels of care that meet each unique resident’s complex care plan.
NOVO APARTMENTS
192-UNIT MARKET-RATE APARTMENT BUILDING
RICHFIELD, MN – NOVO Apartments is located just East of the Richfield/Edina border, approximately a half-mile from the Southdale Center. The building sits on roughly 2.3-acres. NOVO consists of 192 market-rate units within a 5-story building above a two-level, 228-stall underground parking garage. The project offers a variety of floor plans with studio, one-bedroom, and two-bedroom options, with several unit types also including dens. This building is designed with a contemporary, urban look with sophisticated, eye-catching characteristics and spacious floor plans.
BODEN SENIOR LIVING OF APPLE VALLEY
64-UNIT ASSISTED-LIVING COMMUNITY
APPLE VALLEY, MN – Boden Senior Living will be a 64-unit high acuity senior care facility in Apple Valley, MN. The building plans call for 40 assisted living units and 24 memory care units. This community will provide 24-hour support, private bedrooms, and bathrooms, home-cooked nutritious meals, physical and mental exercises, housekeeping & laundry services, social outings, and activities. There is no universal acuity scale, so we created a model of a community that is deliberate to a resident’s needs with nurse staffing ratios and levels of care that meet each unique resident’s complex care plan.
NORBELLA SENIOR LIVING OF CENTERVILLE
40-UNIT ASSISTED-LIVING COMMUNITY
CENTERVILLE, MN – NorBella Senior Living of Centerville is a single-story facility with 40 units of assisted living and memory care located in Centerville, MN. This building design is a better alternative for people who require high acuity care. This community provides 24-hour support, private bedrooms, and bathrooms, home-cooked nutritious meals, physical and mental exercises, housekeeping & laundry services, social outings, and activities. There is no universal acuity scale, so we created a model of a community that is deliberate to a resident’s needs with nurse staffing ratios and levels of care that meet each unique resident’s complex care plan.
NORBELLA SENIOR LIVING OF CHAMPLIN
40-UNIT ASSISTED-LIVING COMMUNITY
CHAMPLIN, MN – NorBella Senior Living of Champlin is a single-story facility with 40 units of assisted living and memory care located in Champlin, MN. This building design is a better alternative for people who require high acuity care. This community provides 24-hour support, private bedrooms, and bathrooms, home-cooked nutritious meals, physical and mental exercises, housekeeping & laundry services, social outings, and activities. There is no universal acuity scale, so we created a model of a community that is deliberate to a resident’s needs with nurse staffing ratios and levels of care that meet each unique resident’s complex care plan.
ROUND LAKE SENIOR LIVING
120-UNIT SENIOR LIVING COMMUNITY
ARDEN HILLS, MN – Round Lake Senior Living is located at 1740 Parkshore Dr., Arden Hills, MN. This assisted living building has 120 apartments in a three-story building with 46 stall tuck-under garages. The unit mix will include Independent Living, Assisted Living, Enhanced Care, and Memory Care.
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