The Nic on Fifth Brings Luxury Living to Minneapolis’ Nicollet Mall
The first high-rise luxury apartment development in downtown Minneapolis in nearly three decades, the 26-story The Nic on Fifth
embodies Opus’ commitment to making downtown a desirable destination for commerce, residents and visitors.
Reflecting current and future needs of the urban center of more than 35,000 residents and aligning with the city’s 2025 vision
, The Nic on Fifth will revitalize the north end of Nicollet Mall and help shape Minneapolis’ central business district as the city looks to expand the downtown population to 70,000 by 2025. The project builds on Opus’ long-standing reputation of developing high-quality buildings in downtown, including the University of St. Thomas campus and the Ameriprise
and Capella Towers.
With an extensive history in the residential construction sector, Opus’ professionals are no strangers to high-rise projects with towers such as The Carlyle
and Grant Park
in their portfolio.
Boasting 253 units, including 26 penthouses, the project will bring luxury rental options to people looking to live in an urban setting. In addition to abundant amenities and impressive views, the transit-oriented development will provide convenient access to the city’s light rail and bus systems as well as close proximity to more than 26 million square feet of existing office space in downtown through eight miles of skyway access. Its prime location will increase foot-traffic downtown, bolstering local businesses and retail options.
Opus’ joint venture partner is Founders Properties, L.L.C., a private real estate investment firm with more than 100 properties nationwide. SunTrust Bank, a super-regional bank headquartered in Atlanta, is financing the project.