CLOQUET, MINN. — Kraus-Anderson Construction has broken ground on a new $18.9 million fire and ambulance headquarters serving the Cloquet Area Fire District in Cloquet, a city in northeastern Minnesota. Designed by LHB Architects, the 35,700-square-foot facility will feature an eight-stall apparatus bay for ambulance, fire and rescue vehicles and equipment. The building will house a two-story administrative and dormitory area, training tower and elevator. The first floor will include offices, conference rooms, a training room, fitness room and personal protective equipment storage. The second floor will include 11 dorms, a kitchen, dining room and day room. A new paved area will be used for training. The project is slated for completion by December 2026.
Minnesota
MAPLE GROVE, MINN. — CBRE has negotiated the sale of Mills Creek, a 66-unit build-to-rent community in the Twin Cities suburb of Maple Grove. Curtis Capital Group purchased the property from a joint venture between Watermark and PCCP for an undisclosed amount. CBRE’s Ted Abramson, Keith Collins and Abe Appert represented the seller. Built in 2019, the asset features detached homes averaging 1,679 square feet. Amenities include a clubroom, business center, pool, dog park, fitness center, community garden and walking trails.
ROCHESTER, MINN. — BioLabs has signed a 16,000-square-foot lease at Two Discovery Square in Rochester. JLL handles leasing for the building in partnership with Mortenson Properties. Slated to open in late 2026, the Rochester site marks the first location in the Midwest for BioLabs. The facility will offer lab and office space for early-stage biotech and HealthTech companies. Discovery Square is an emerging innovation district within walking distance of Mayo Clinic’s flagship campus that offers more than 250,000 square feet of purpose-built space designed for research and technology uses. Jessica Mogilka and William McArdle of JLL led the building leasing efforts.
BLOOMINGTON, MINN. — JLL Capital Markets has arranged the sale of Hayden Grove Bloomington, a 166-unit seniors housing property in the Minneapolis suburb of Bloomington. Delivered in 2021, the four-story building offers a continuum of care from independent living to assisted living to memory care. Amenities include underground parking, a private dining room, bistro, coffee lounge, game room, party room, theater, event center, library, craft room, beauty salon and fitness program. JLL represented the seller, Verdot Capital. The buyer was undisclosed. The operator, Great Lakes Management, will stay in place to manage the community.
WOODBURY, MINN. — Kraus-Anderson has completed a $42.3 million revitalization of Woodbury Central Park, which is located at 8595 Central Park Place in Woodbury. Designed by HGA Architects, the three-story, 62,708-square-foot project included enclosing the existing amphitheater, a new multipurpose space addition, expanded public gathering areas and an updated Lookout Ridge indoor playground. Improvements also increased parking and pedestrian access, added art installations and space for public art and enhanced accessibility with ADA updates. Sustainability was a core focus of the project, including the integration of a Darcy Geothermal Well system, solar energy and other energy-efficiency initiatives to reduce environmental impact and operating costs. Construction began in April 2024.
EDEN PRAIRIE, MINN. — JLL Capital Markets has arranged a $50 million refinancing for The Fox & The Grouse, a 237-unit multifamily property in the Golden Triangle neighborhood of Eden Prairie. The first units of The Fox & The Grouse Phase I delivered in December 2024, and construction was completed in April 2025. The development features 205,561 square feet of rentable space across alcove, one-, two- and three-bedroom units averaging 867 square feet. The project includes a 25 percent affordable housing component, with 49 units reserved for residents at 50 percent of the area median income (AMI) and 12 units at 80 percent AMI. Amenities include an outdoor pool, golf simulator, pickleball courts, a wellness center, work-from-home spaces, a theater room and underground parking. Scott Loving, Josh Talberg, Joe Peris, Will Hintz and Colin Ryan of JLL represented the borrower, a partnership of Greco and Eagle Ridge Partners, as well as joint venture equity partner Amstar Group. JLL arranged the five-year loan through PNC Bank.
ALBERTVILLE, MINN. — Marcus & Millichap has brokered the $6.1 million sale of a net-leased childcare facility occupied by Everbrook Academy in Albertville, a northwest suburb of Minneapolis. Everbrook Academy has a new 15-year triple-net lease guaranteed by Learning Care Group. The tenant operates more than 1,150 schools nationwide. Built in 2025, the property totals 11,758 square feet. Spencer Berkley, Mark Ruble, Chris Lind and Zack House of Marcus & Millichap, in association with the firm’s Minnesota broker of record Jon Ruzicka, represented the seller, a Minnesota-based limited liability company. Buyer information was not released.
WOODBURY, MINN. — Golf entertainment concept Topgolf will open its second venue in Minnesota on Thursday, Oct. 30. The three-level venue is located at 560 Bielenberg Drive in Woodbury and marks the brand’s 111th global outdoor venue. Topgolf Woodbury employs roughly 350 to 400 people and has 102 climate-controlled hitting bays. Each bay is equipped with lounge-type furniture or high-top tables. The venue is equipped with Toptracer technology, which traces each golf ball’s flight path, distance and other metrics. There are a full-service bar and restaurant, more than 140 HDTVs, fire pits, music and year-round programming. A private event space and rooftop terrace can host team outings, family gatherings, meetings or celebrations.
LAKE ELMO, MINN. AND LAKEWOOD, OHIO — New Perspective has acquired three senior living communities in metro Twin Cities and Cleveland areas. The properties include New Perspective Lake Elmo, The Fields by New Perspective — a neighboring independent living community — and Haven of Lakewood. New Perspective Lake Elmo offers assisted living and memory care. Haven of Lakewood, which offers assisted living, grows New Perspective’s portfolio to five locations in Ohio.
MINNEAPOLIS — Lupe Development and Wall Cos. have broken ground on a new affordable housing community in the Hiawatha neighborhood of Minneapolis. The four-story, 95-unit building will rise on the site of a former City of Minneapolis Public Works maintenance and storage facility. Named Snelling Yards, the development will feature generously sized units for families earning 30 to 80 percent of the area median income, with 13 units reserved for veterans experiencing homelessness. The building will share amenities with The Hillock, the neighboring, 100-unit active adult community managed by Ecumen. Completion of Snelling Yards is slated for fall 2026. The project received funding from the city, Hennepin County and Minneapolis Public Housing Authority. Allianz Investment Management provided tax-exempt bond financing and a construction bridge loan. R4 Capital is the low-income housing tax credit investor.
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