The Opus Group® Announces Completion of The Nic on Fifth®

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10/28/2014
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MINNEAPOLIS – The Opus Group (Opus) announced today the completion of The Nic on Fifth, a luxury high-rise apartment complex in downtown Minneapolis. The 26-story development is the first of its kind to be built in the downtown Minneapolis core in nearly three decades.

“This development appeals to a wide variety of residents and truly raises the bar for urban living in downtown Minneapolis,” said Dave Menke, president of Opus Development Company, L.L.C. “We’re thrilled with the final result and believe the location and transportation options combined with its skyway connectivity and unsurpassed amenities make it a great addition to the city’s vision for future growth.”

Located on the corner of Fifth Street and Nicollet Mall, the luxury apartment building features 20,000 square feet of retail space on the street and skyway levels with 253 apartment units above – including 26 penthouses. Residents began moving in to the building on Sept. 12, and the building is now more than 60 percent leased. All units feature condo-level finishes with granite countertops, stainless steel appliances and floor-to-ceiling windows with floor plans ranging from alcove units to three bedroom penthouse suites.

Providing top-of-the line amenities to residents, the building also includes 30,000 square feet of indoor and outdoor amenity space on the sixth floor. This includes a garden roof deck with a pool and spa, outdoor fire pits, a kitchen and grilling lounge, dog run and Zen walking path. Indoor amenities include a large clubroom with various seating areas, televisions and a fireplace; a private dining area with a gourmet kitchen; and a fitness and yoga studio. Additionally, the building has 24/7 doorman and concierge services and is designed to meet LEED certification.

The transit-oriented development has a light rail platform to one side and shares a sidewalk with Nicollet Mall, an eleven block pedestrian and public transit mall, on the other. The development is also connected to downtown Minneapolis’ public skyway system for added convenience to offices as well as local retail and entertainment options.

Construction for the building began November 2012 with Opus Development Company, L.L.C. as the project’s developer and Opus Design Build, L.L.C. as the design-builder. Opus AE Group, L.L.C. served as the architect and structural engineer of record, as well as the interior designer. Minneapolis-based Elness Swenson Graham Architects Inc. was the design architect.

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 office, industrial, retail, institutional, residential and government 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.