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July 8, 2013
StuartCo Announces Ground-breaking on New Apartments on Southdale Land
EDINA, MN – StuartCo and Simon Property Group have commenced construction of One Southdale Place Apartments on the parcel of land located at the northwest corner of the intersection of 69th Street and York Avenue South in Edina.
Kraus-Anderson Construction Company is the selected builder of the project designed by Minneapolis-based BKV Group. The sophisticated multifamily project aims to complement the upscale France and York momentum of the newly remodeled Southdale Mall.
The five-acre development will feature 232 units spread over three buildings, a five-story, three-story, and the largest a ten-story high-rise. Open floor plans, oversized windows, nine-foot ceilings and luxury finishes including granite countertops and stainless steel appliances will be featured in the units. Resident amenities will include a professionally decorated community room, rooftop terrace, outdoor pool, full fitness center, business center, underground heated parking and landscaped walking paths with bocce court.
The project will include sustainable features such as green courtyard, energy efficient in-home appliances, individual heating and cooling, walkability with close proximity to transit, and more.
One Southdale Place is projected to open in late Summer 2014 offering studio, one, two, and three bedroom floor plans as well as exceptional top-floor penthouse units.
StuartCo recently completed Genesee Apartments and Townhomes in Bloomington, The View at Long Lake in New Brighton, and 430 Oak Grove with Kraus Anderson in Loring Park Minneapolis.
StuartCo was founded on June 1, 1970 and since that time has grown into one of the most respected multi-family real estate developers and property management firms in the Upper Midwest. The company’s diverse portfolio includes low and high rise apartment buildings, townhomes, assisted living residence and memory care. StuartCo currently owns and/or operates 5,000 units of apartments and over 130,000 square feet of commercial space in Minnesota, Nebraska, and Wisconsin. For more information, please visit www.stuartco.com.
About Simon Property Group
Simon Property Group, Inc. (NYSE: SPG) is an S&P 100 company and a leader in the global retail real estate industry. The Company currently owns or has an interest in 326 retail real estate properties in North America and Asia comprising 241 million square feet. We are headquartered in Indianapolis, Indiana and employ approximately 5,500 people in the U.S. For more information, visit the Simon Property Group website at www.simon.com.
Established in 1897, Kraus-Anderson® Construction Company (www.www.krausanderson.com) is one of the nation’s premier commercial general contractors and construction managers. The company has been ranked consistently among the top Green Contractors in the U.S. by Engineering News Record and has been leading the charge in sustainable design and construction for the last 20 years. Kraus-Anderson, an Affirmative Action, Equal Employment Opportunity Employer, is headquartered in Minneapolis, Minn. and has regional offices in Madison, Wis., Minot, N.D., and Duluth, Bemidji and Rochester Minn.