The Opus Group (Opus) announced today the start of construction on a four-story, 244-unit multifamily development in Edina, Minnesota. Site activity will begin this week with the demolition of an existing 94,000-square-foot building that was formerly leased to UnitedHealth Group.
“This project will breathe new life into an unused asset and complete the redevelopment of this previously dormant corporate site along Lincoln Drive in the city of Edina,” said Phil Cattanach, director, real estate development, Opus Development Company, L.L.C. “There is strong demand in the area for high-end housing options in desirable locations near employment hubs and we’re excited to help meet this need in the market.”
The redevelopment will offer a variety of floor plans ranging from alcoves to 2-bedroom units with a den. Units will range from 585 square feet to 1,350 square feet with high-end finishes desirable to today’s renters. Onsite amenities will include underground parking, a club room, an entertainment kitchen and a fitness center. The amenity spaces also include a covered walkway to a courtyard with an enclosed game room and entertainment space, as well as an extensive outdoor pool, bocce ball court and fire pit area.
In addition to onsite amenities, residents will have convenient access to the adjacent regional trail system the Three River Parks District is currently developing, local area employers and Highway 169.
Completion is slated for spring 2018 and the project is a collaboration between Opus and Founders Properties, L.L.C. Opus Development Company, L.L.C. is the developer, Opus Design Build, L.L.C. is the design-builder and Opus AE Group, L.L.C. is the architect and structural engineer of record.
About The Opus Group
The Opus Group® is a family of commercial real estate development, construction and design companies headquartered in Minneapolis with offices and projects across the country. Opus operates as an integrated, multidisciplinary team with expertise in development, capital markets and finance; project management and construction; architecture, engineering and interior design. The Opus Group includes Opus Holding, L.L.C. and its operating subsidiaries: Opus Development Company, L.L.C., Opus Design Build, L.L.C. and Opus AE Group, L.L.C. Specializing in industrial, office, residential, retail, healthcare and institutional projects, The Opus Group has broad capabilities, deep experience and a proven design-build model that delivers solutions for customers on time and on budget. For more information, visit www.opus-group.com and follow @TheOpusGroup on Twitter.