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Despite slowdowns, the project has been a catalyst for commercial and residential development along the line, as the four suburban cities on the route continue to consider projects.
MINNEAPOLIS, MN – JLL Capital Markets announced that it has arranged construction financing and secured equity for the development of Minnetonka Station, a 275-unit, Class A, transit-oriented multi-housing development project in Minnetonka, Minnesota. JLL represented Linden Street Investments to arrange a joint venture with Virtus Real Estate Capital, as well as a four-year, floating rate construction loan with Bank OZK. Stevens Construction Corp. is the general contractor. Minnetonka...
Drawn to what they consider relatively safe bets, investors were in a mood to wheel and deal in apartment properties this year.
In what could be the area’s top apartment sale of the year, a 424-unit rental property in Inver Grove Heights has traded for $98 million.