GROUND BREAKS FOR 216-UNIT FLUX APARTMENTS IN MINNEAPOLIS

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MINNEAPOLIS — Greco Development and its investors are developing Flux Apartments in Uptown Minneapolis. The $38 million, 195,000-square-foot project will feature 216 alcove, one- and two-bedroom and penthouse floorplans. Amenities will include an Internet cafe, the Flux bar, an outdoor pool with massage cabana, a grill and chill area, lawn bowling, a dog park, a gym-quality fitness center, concierge services and heated underground parking. FInancing is being provided by NorthMarq Capital, AFLCIO Building Investment Trust and PNC Realty Investors. BKV Group is providing architectural services and Frana Cos. is providing construction services. Completion is scheduled for January 2012.

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