Track 29 officially breaks ground

Featured, Real Estate — By on July 18, 2012 7:29 am

The $38.5 million dollar Track 29 City Apartments project officially broke ground yesterday. The project includes 198 new apartments in a two-building addition to the existing 27 unit townhouse project. It is located on the north side of the Midtown Greenway between Bryant Avenue S and Aldrich Avenue S.

RMF Group and Phoenix Development Company are developing the market-rate project in partnership with Michigan-based Village Green and the property owner, Bryant Partners. Greiner Construction is building the project.

Track 29 City Apartments - construction

The Track 29 City Apartments project starts construction in Uptown Minneapolis.

Opening is scheduled for spring 2013 with 80 of the units coming online, according to a press release. The project includes a pool, community area, Zen and rooftop gardens, Midtown Greenway access, and luxury eco designs. Units range in size from 570 square feet to 1,450 square feet, with some units having two-stories.

Financing is provided by Bremer bank and the Twin Cities Carpenter and Joiners Pension Fund (rep’d by WhiteStar Advisors).

Thatcher Imboden

How cities work and change, how they are the product of their inhabitants and outside forces, and the resulting livability keep me thinking and dreaming about the future. I work in transit oriented development and have a background in urban real estate development. I am Past President of an Uptown business organization, grew up in Uptown, was on an Uptown neighborhood association Board, and am an Uptown and Lyn-Lake historian.

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