Minneapolis Developer Proposes $36M Luxury Apartment Building for Downtown

Minneapolis-based developer George Sherman is planning to construct a 122-unit apartment building near Gold Medal Park in downtown Minneapolis.

Minneapolis-based developer George Sherman is planning to construct a 122-unit apartment building near Gold Medal Park in downtown Minneapolis. The building site is bordered by Washington Avenue South, Second Street South, 10th Avenue South and Ninth Avenue South. The 12-story-high structure is part of a larger development plan approved in 2007, which includes the adjacent Zenith condominium complex and Aloft Hotel. Construction on The Encore, the final stage of the project, was put on hold due to difficulties brought on by the 2008 financial crisis. According to the Minneapolis/St. Paul Business Journal, Sherman has submitted an updated development plan to the city that will be discussed at the July 31st Planning Commission Committee of the Whole meeting. If approved, Sherman Associates will finally be able to complete the final stage of its 2007 project.

According to the submitted development plan, the purpose of construction is to create “a high-density residential community of exceptional quality that contributes toward the vitality of the Mill District.” Located at 935 Second St. South, The Encore (Zenith Phase II) is designed by Minneapolis-based Elness Swenson Graham Architects. The apartment building will consist of 122-unit luxury apartment units and three levels of underground parking. As described in the updated plan, The Encore will feature residential units ranging from 600-square-foot studio apartments to a 2,525-square-foot, two-bedroom penthouse. In addition, the development will include two-story townhome units and extensive outdoor amenities, among them a pet exercise area. The Encore is close to the Guthrie Theater, Gold Medal Park and the Mississippi River, offering plenty of options for outdoor leisure activities.

Renderings courtesy of ESG Architects via the City Planning Commission.