Opus Development Corporation Begins Construction on Stadium Village Flats


MINNEAPOLIS, Minn. - Opus Development Corporation announced the start of construction on Stadium Village Flats, an apartment and retail complex located in Stadium Village near the University of Minnesota's East Bank campus.

Construction began this week on the six-story apartment complex, which is scheduled for completion and move-in next fall. ESG Architects, a national leader in student and multifamily residential, is the design architect, and Opus AE Group will serve as structural engineers.

The overall urban design vision for Stadium Village Flats is to provide high-quality residential and street-front retail at the east gateway of the University of Minnesota. The 120-unit and 235-bed luxury student housing development will include amenities that set it apart from conventional student apartment buildings. "Stadium Village Flats is designed to create a modern energized living environment for students," said Dave Menke, senior vice president and general manager of Opus Development Corporation. "Level-by-level, each floor will provide a unique amenity bringing students together and differentiating this project from others."

Amenities include a theatre and movie room, cardio fitness space, yoga and Pilates studio, study areas, a gaming room with multiple big screen TVs, and a contemporary lounge. The ground level will feature a CVS/pharmacy plus an additional 4,400 square feet of service retail space.

Opus Development Corporation has retained Asset Campus Housing, a national leader in managing student properties, to market and manage the project upon its completion in August 2012. Leasing will begin in October 2011. For project information, visit www.stadiumvillageflats.com.

About The Opus Group
The Opus Group™ is a family of national commercial real estate companies headquartered in Minneapolis, with expertise in development, project management and construction, architecture and engineering, finance, sales and leasing. The Opus Group includes Opus Holding, L.L.C. and Opus Holding, Inc. and their operating subsidiaries, Opus Development Corporation, Opus Design Build, L.L.C. and Opus AE Group, Inc. Specializing in office, industrial, retail, residential living, institutional 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.