MINNEAPOLIS — Opus Development Corporation has plans to build Nicollet Residences, a new high-rise luxury apartment building in downtown Minneapolis, located at the corner of Nicollet Mall and South 5th Street. The 33-story luxury apartment building will be the first new high-rise rental building in downtown Minneapolis in nearly 30 years, and it will be designed to achieve LEED certification.
“Opus has become very active in the multifamily development sector as market fundamentals have improved,” added Dave Menke, senior vice president and general manager of Opus Development Corporation.
Executives planning the Nicollet Residences also led the team that developed the 39-story Carlyle and 27-story Grant Park condominium projects, the first new high-rise condos in downtown Minneapolis in nearly three decades as well.
“Nicollet Residences will offer a San Francisco or New York-type luxury high-rise apartment living experience that will be the first of its kind in Minneapolis,” added Tom Lund, vice president, real estate development of Opus Development Corporation.
Building amenities will include a 24/7 door attendant and concierge service, an outdoor roof terrace with pool and spa, a fitness center, yoga studio, private theater, outdoor fire pit and grilling, guest suites, 9- to 10-foot ceilings with floor-to-ceiling glass and a dog play area. The building also will offer residents close proximity to downtown employers, shopping, retail, entertainment, and light rail and bus transit connections.
This project fits with the city of Minneapolis’ sustainable vision to offer high-density and transit-oriented development. Centrally located in the core of the city, the upscale project will be designed with high-end, condo level finishes and amenities. The building is also designed to be a destination in downtown Minneapolis by offering service-based retail on the ground and skyway levels, restaurant and skyway connections to Neiman Marcus and the Fifth Street Towers.
Opus Development Corporation is the developer and Opus Design-Build, L.L.C. will construct the building. Opus AE Group, Inc, and Elness Swenson Graham Architects Inc., based in Minneapolis will collaborate on the design.
— Dan Marcec