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430 Oak Grove Historic Apartments

Minneapolis, MN

"430 Oak Grove is a project that is owned and managed by Kraus-Anderson. Kraus-Anderson originally built the building for Northwestern National Life Insurance in 1923. In 2011, KA purchased the building and managed all aspects of the development. KA managed the acquisition, historic designation, City and State entitlements, procurement of grants (asbestos abatement), hiring of ESG Architects as the design team, market studies, feasibility analysis, construction budgeting, financing options and procurement, leasing, etc. 430 Oak Grove is located in the highly attractive Loring Park Neighborhood. Kraus-Anderson constructed 72 units: 8 studio, 43 one bedroom, 2 one bedroom plus den, 17 two bedroom, and 2 live/work units. There is a rooftop patio for enjoying the views of downtown and the park for all of the residents. The rooftop deck has gas burning grills, a fireplace/fire pit, tables, lounge chairs, and other fine amenities. There is a second floor common area that has skylights and forms an interior courtyard. This common area has a large fireplace, numerous seating areas, a business center, recreational activities such as billiards, a wet bar with refrigerator and decorative artwork. On the first floor, there is a fitness center/spa/yoga center. The area is entirely self-service. The first floor also has units, a management office, and storage spaces. The basement was converted into underground parking, bicycle storage and other storage. A one level parking deck contains 88 parking stalls."
"430 Oak Grove is a project that is owned and managed by Kraus-Anderson. Kraus-Anderson originally built the building for Northwestern National Life Insurance in 1923. In 2011, KA purchased the building and managed all aspects of the development. KA managed the acquisition, historic designation, City and State entitlements, procurement of grants (asbestos abatement), hiring of ESG Architects as the design team, market studies, feasibility analysis, construction budgeting, financing options and procurement, leasing, etc. 430 Oak Grove is located in the highly attractive Loring Park Neighborhood. Kraus-Anderson constructed 72 units: 8 studio, 43 one bedroom, 2 one bedroom plus den, 17 two bedroom, and 2 live/work units. There is a rooftop patio for enjoying the views of downtown and the park for all of the residents. The rooftop deck has gas burning grills, a fireplace/fire pit, tables, lounge chairs, and other fine amenities. There is a second floor common area that has skylights and forms an interior courtyard. This common area has a large fireplace, numerous seating areas, a business center, recreational activities such as billiards, a wet bar with refrigerator and decorative artwork. On the first floor, there is a fitness center/spa/yoga center. The area is entirely self-service. The first floor also has units, a management office, and storage spaces. The basement was converted into underground parking, bicycle storage and other storage. A one level parking deck contains 88 parking stalls."
"430 Oak Grove is a project that is owned and managed by Kraus-Anderson. Kraus-Anderson originally built the building for Northwestern National Life Insurance in 1923. In 2011, KA purchased the building and managed all aspects of the development. KA managed the acquisition, historic designation, City and State entitlements, procurement of grants (asbestos abatement), hiring of ESG Architects as the design team, market studies, feasibility analysis, construction budgeting, financing options and procurement, leasing, etc. 430 Oak Grove is located in the highly attractive Loring Park Neighborhood. Kraus-Anderson constructed 72 units: 8 studio, 43 one bedroom, 2 one bedroom plus den, 17 two bedroom, and 2 live/work units. There is a rooftop patio for enjoying the views of downtown and the park for all of the residents. The rooftop deck has gas burning grills, a fireplace/fire pit, tables, lounge chairs, and other fine amenities. There is a second floor common area that has skylights and forms an interior courtyard. This common area has a large fireplace, numerous seating areas, a business center, recreational activities such as billiards, a wet bar with refrigerator and decorative artwork. On the first floor, there is a fitness center/spa/yoga center. The area is entirely self-service. The first floor also has units, a management office, and storage spaces. The basement was converted into underground parking, bicycle storage and other storage. A one level parking deck contains 88 parking stalls."
"430 Oak Grove is a project that is owned and managed by Kraus-Anderson. Kraus-Anderson originally built the building for Northwestern National Life Insurance in 1923. In 2011, KA purchased the building and managed all aspects of the development. KA managed the acquisition, historic designation, City and State entitlements, procurement of grants (asbestos abatement), hiring of ESG Architects as the design team, market studies, feasibility analysis, construction budgeting, financing options and procurement, leasing, etc. 430 Oak Grove is located in the highly attractive Loring Park Neighborhood. Kraus-Anderson constructed 72 units: 8 studio, 43 one bedroom, 2 one bedroom plus den, 17 two bedroom, and 2 live/work units. There is a rooftop patio for enjoying the views of downtown and the park for all of the residents. The rooftop deck has gas burning grills, a fireplace/fire pit, tables, lounge chairs, and other fine amenities. There is a second floor common area that has skylights and forms an interior courtyard. This common area has a large fireplace, numerous seating areas, a business center, recreational activities such as billiards, a wet bar with refrigerator and decorative artwork. On the first floor, there is a fitness center/spa/yoga center. The area is entirely self-service. The first floor also has units, a management office, and storage spaces. The basement was converted into underground parking, bicycle storage and other storage. A one level parking deck contains 88 parking stalls."
"430 Oak Grove is a project that will be owned and managed by Kraus-Anderson. Kraus-Anderson originally built the building for Northwestern National Life Insurance in 1923. In 2011, KA purchased the building and managed all aspects of the development. KA managed the acquisition, historic designation, City and State entitlements, procurement of grants (asbestos abatement), hiring of ESG Architects as the design team, market studies, feasibility analysis, construction budgeting, financing options and procurement, leasing, etc. 430 Oak Grove is located in the highly attractive Loring Park Neighborhood. Kraus-Anderson will construct 72 units: 8 studio, 43 one bedroom, 2 one bedroom plus den, 17 two bedroom, and 2 live/work units. There will be a rooftop patio for enjoying the views of downtown and the park for all of the residents. The rooftop deck will have gas burning grills, a fireplace/fire pit, tables, lounge chairs, and other fine amenities. There will be a second floor common area that will have skylights and will form an interior courtyard. This common area will have a large fireplace, numerous seating areas, a business center, recreational activities such as billiards, a wet bar with refrigerator and decorative artwork. On the first floor, there will be a fitness center/spa/yoga center. The area will be entirely self-service. The first floor will also have units, a management office, and storage spaces. The basement will be converted into underground parking, bicycle storage and other storage. A one level parking deck is expected to yield 88 parking stalls."

Luxury Meets Vintage Charm

Originally built by Kraus-Anderson in the 1920s, this historical renovation offers luxury housing to the Loring Park neighborhood. The four-story, award-winning building, which was once home to Prince's recording studio, now includes 75 apartment units, a fitness center/spa/yoga studio and common areas such as a courtyard, recreational room, wet bar and fireplace seating. The renovation preserved the buildingís vintage charm while still incorporating a contemporary style and a sustainable approach. The skylight system and the original oversized windows flood the space with natural lighting and an open feel. The rooftop garden terrace gives its residents a view of the iconic skyline while the bike trails keep the residents connected to downtown Minneapolis. The building is on the National Register of Historic Places. Leasing and more information available at https://www.430oakgrove.com/

Details

Project:

430 Oak Grove Historic Apartments

Client:

Kraus-Anderson

Location:

Minneapolis, MN

Size:

106,000 s.f.

Architect/Engineer:

ESG Architects

Kraus-Anderson Role:

Developer, Construction Manager and Owner

Property Type:

Residential

Status:

For Lease

The project team at KA has been great to work with. They appreciate the buildingís history and are creative about addressing the inevitable challenges of adapting a historic building to a new use.

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