Opus Plans $100M High-Rise Apartments for Downtown Minneapolis

By Camelia Bulea, Associate Editor Minneapolis could see its first new high-rise multifamily rental property nearly 30 years with the development of a $100 million downtown apartment tower planned by Opus Development Corp. The Minnetonka-based developer recently unveiled plans to build a [...]

Minneapolis could see its first new high-rise multifamily rental property nearly 30 years with the development of a $100 million downtown apartment tower planned by Opus Development Corp.

The Minnetonka-based developer recently unveiled plans to build a 33-story upscale residential building dubbed Nicollet Residences next to a light-rail station. Pending city approval, construction would start next spring and be complete by fall 2013.

The plan calls for 330 luxury apartments featuring 9- to 10-foot ceilings with floor-to-ceiling glass and designed for LEED certification, according to the StarTribune.  Nicollet Residences will offer such amenities as a door attendant, concierge service, pool and spa, fitness center, yoga studio, private theater, outdoor fire pit and a dog play area.

The apartment project is the latest in a series of ideas for the site that Opus has presented over the years. Earlier proposals have included condominiums, a high-end hotel and an office tower, according to the Minneapolis/St. Paul Business Journal.