Strategic Groundbreaking: Roers Cos. Unveils 75-Acre Mixed-Use Project in Plymouth

Roers Companies is transforming a rare 75-acre infill site into one of the Twin Cities’ most ambitious mixed-use developments. In partnership with Scannell Properties, the first phase includes 207 multifamily units paired with premium lifestyle amenities — all strategically positioned at the high-visibility intersection of I-494 and Bass Lake Road.

Why Plymouth?

Nestled less than 10 miles away from the vibrant Twin Cities, Plymouth has become a desirable suburb for young entrepreneurs and families. The area provides the perfect blend of tranquil suburbia and easy access to a bustling metropolitan area. It’s been recognized for its strong economy, high quality of life, and excellent schools — most recently receiving national recognition with the Voice of the People Award for Excellence in Education, Arts and Culture.

Construction begins this summer with a projected project completion by Q4 2026. “It’s a very rare opportunity for the city to have 75 acres of land to redevelop,” said Plymouth Senior Planner, Shawn Drill. Belterra will be the first multifamily project on the site with 207 units — 20% designated as affordable. It will also feature a 60,000-square-foot grocery store and another 31,000 square feet of retail space.

Purpose-Built Amenities — a New Standard in Multifamily

Belterra’s amenity package sets a new benchmark within the Roers Cos. portfolio, reflecting a strategic investment in long-term tenant satisfaction. For the first time, residents will have access to a cold plunge and sauna — ideal complements to the yoga studio and state-of-the-art fitness center. With increasing demand for wellness-focused lifestyles, these offerings are poised to generate strong interest and support tenant retention.

While health and wellness remain central, Belterra also embraces a sense of fun with its own speakeasy — a distinctive feature Roers Cos. is especially proud to introduce. Entertainment and recreation are seamlessly woven into the resident experience, with features such as a golf simulator, outdoor pool, game room, and community lounge. Everyday conveniences — including covered parking and an on-site coffee bar — further elevate the comfort and functionality of the community. Altogether, Belterra’s amenities are designed not only to attract tenants but to retain them — driving consistent occupancy and strong absorption for investors.

The Boulevard: What’s in the Area?

Belterra sits within The Boulevard, a 75-acre mixed-use development featuring:

– A 13-acre public park with a pedestrian bridge over a scenic pond.

– An 80,000-square-foot Summit Orthopedics facility, making Plymouth a key hub for advanced medical services.

– A proposed 65,000-square-foot Coborn’s grocery and liquor store, further enhancing local accessibility.

This location provides a compelling combination of lifestyle, convenience, and long-term value creation — making it an ideal anchor for Belterra and a key differentiator for investors.

Interested in learning more about how Roers Companies leverages lifestyle-driven multifamily strategies to create value nationwide? Please reach out to your investor relations professional or contact the investor relations team here.

Sources: Polco, “The 2023 Voice of the People Awards Winners Revealed”, Redfin, Plymouth, MN Housing Market, Finance & Commerce, “Roers Cos. Financially Closes on Rental Project”, Finance & Commerce, “Plymouth OKs TIF for Project at Prudential Campus”, The Boulevard Project Outline, CCX Media, “Plymouth Lands Coborn’s at Prudential Site”, CCX Media, “Plymouth Prudential Redevelopment Plan Includes Grocery Store, New City Park”

Date Published 8/8/2025

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