Sherman Associates breaks ground on $80 million Moment Apartments Tower in Minneapolis
Development is also future home of Firefighters for Healing Transitional Healing Center for injured firefighters and burn victims
MINNEAPOLIS, Minn. (May 2021) – Kraus-Anderson (KA) is set to begin construction on Moment, an $80 million, 222-unit apartment tower being developed by Sherman Associates located at 500 South 7th Street in downtown Minneapolis. Sherman acquired the site from Thrivent Financial, whose headquarters recently opened adjacent on the block.
Designed by ESG Architects, the Moment development also features 15,300 square feet of commercial space planned for a daycare facility, and skyway access.
The second floor of the 10-story, building will be home to Firefighters for Healings (FF4H) and its Transitional Healing Center for injured fighters and burn victims. The Healing Center will provide 12 “home-away-from-home” suites for families close to downtown hospitals where a family member is receiving care. It will also accommodate discharged patients as they transition before returning home.
Moment apartments will feature units with smart home technology, pool, sauna, hot tub, a sports simulator, work-from-home space and rooftop lounge. Additionally, Sherman’s two solar gardens developed in 2019 will off-set the building’s energy usage.
All parties involved in the development were motivated by the positive community impact provided by the efforts of FF4H.
“This is an exciting and historic day for Firefighter for Healing”, said Founder and Executive Director Jake LaFerriere. “We are seeing the results for 10 years of hard work and community relationships that are making this dream a reality. This Healing Center will impact the lives of burn survivors, injured firefighters and their families for many years.”
For four years, Douglas Jandro, a vice president at Kraus-Anderson, has been a part of a collaborative effort to bring key businesses together to create an affordable solution that can support families of those undergoing treatment at nearby Hennepin Healthcare Burn Unit, a regional center for burn treatment.
“We are thankful to have such a compassionate team of businesses whose creative synergy made an affordable downtown option possible,” said Jandro. KA Realty’s support since 2017 has provided free of charge three apartment units in its downtown HQ Apartments for families to stay one week or longer close to their loved ones who are in the hospital.
Construction will be completed in fall of 2022.
COVID-19: KRAUS-ANDERSON’S COMMITMENT TO JOB SAFETY
As the world continues to deal with and adapt to the unprecedented challenges of the COVID-19 pandemic, Kraus-Anderson’s top priority remains safety. The company has implemented stringent social distancing practices and other elevated safety protocol on construction job sites, details of which can be found at KA’s COVID-19 Response Page.
Sherman Associates is a growing commercial real estate development and management firm based in Minneapolis with properties throughout Midwest and Colorado. Sherman has developed over 8,000 multifamily units, 600,000 sf of commercial, 4 hotels, 2 solar gardens, and has 2 Starbucks locations. Sherman develops, holds and operates its assets with a long term vision to build neighborhoods, enrich communities, and empower people.
Firefighters For Healing supports burn survivors and helps firefighters and first responders pivot after a line of duty injury by providing their families with meals, no cost emergency housing, support and resources while they are receiving medical care in the Twin Cities. We meet and serve families 24/7 and 365 days a year from Minnesota, North Dakota, South Dakota and Wisconsin. This non-profit 501(C)(3) charitable organization thrives on community partnerships, volunteer support and fundraising events. Visit firefightersforhealing.org to learn more.
About Kraus-Anderson
Established in 1897, Kraus-Anderson® Construction Company is one of the nation’s premier commercial general contractors and construction managers. Kraus-Anderson, an Equal Opportunity & Affirmative Action employer, is headquartered in Minneapolis, Minn. and has regional offices in Madison, Wis., Bismarck, N.D., and Duluth, Bemidji and Rochester Minn.