Project News

On Wednesday, Oct. 23, 2024, Scannell Properties, an international commercial real estate developer, and Roers Companies, a national multifamily real estate company, came together with officials from the City of Plymouth and others for a ceremonial groundbreaking of The Boulevard. Representatives shared remarks during the event emphasizing the impact of the future amenities planned for the 75-acre site. Formerly home...

Solana Villas in Buckeye, Arizona opened its doors over the weekend, celebrating the first move-ins and marking the first Arizona residents for Roers Companies! The community includes 1-, 2-, and 3-bedroom apartments. With an outdoor pool, club room, fitness center, and more, Solana offers 200 units of affordable housing just 40 miles southwest of the city of Phoenix. Congratulations to...

Our first Colorado residents have officially moved in! Mural Apartments in Aurora opened its doors this week. Mural offers 216 units of affordable housing, designed to reflect the colorful spirit of the Aurora community. From stone countertops and stainless steel appliances to a refreshing pool, modern fitness center, and co-working spaces, Mural is more than just an apartment—it's a vibrant...

Solis at Jackson Station in Salt Lake City welcomed its first residents home this week, marking the first Utah move-ins for Roers Companies! With an impressive array of amenities including a pool, state-of-the-art fitness center, yoga room, pet spa, outdoor grilling stations, and club room, Solis brings 363 units of much-needed affordable housing to the area. This is the first...

Roers Companies made headlines this week as construction wrapped up on The Wildwood at Main, a new 172-unit affordable apartment community in Sun Prairie, Wisconsin. The first residents moved into their new homes in the north building early in September while construction and landscaping were finalized. Now all residents are welcome to enjoy comfortable finishes, nature-inspired features, and a host...

Roers Companies celebrated the groundbreaking of Rowe on Monday, Oct. 23 in Victoria, Minnesota. Colorful fall leaves and a sunny day set the scene for this joyous event with city partners including Mayor Deb McMillan, members of Roers General Contracting, Roers Cos. leadership, investors, and project partners all in attendance. Marty McCarthy, a developer on the project, addressed the crowd...

The Narrows in Hutto, Texas welcomed its first residents on September 29, 2023, marking the first Texas move-ins for Roers Companies! With modern interiors, a pool, community lounge, fitness center, and more, The Narrows Apartments offers 300 units of affordable housing just outside of the city of Austin. Hats off to the hardworking teams who have turned this project into...

Roers Companies made headlines with the recent purchase of Fridley shopping center property, Moon Plaza, which will be redeveloped for affordable housing. This exciting project caught the attention of both Finance & Commerce and the Minneapolis/St. Paul Business Journal who covered the closing. Brian Johnson of Finance & Commerce wrote: “Less than 15 months after completing a redevelopment of the...

The excerpt below appeared in the Minneapolis Star Tribune article “Why a 450,000-square-foot office building in Plymouth is about to meet the wrecking ball” on September 3, 2022 by Jim Buchta. "With more than 1,000 empty parking spaces and do-not-enter signs taped to several locked doors, Prudential's 75-acre office campus in Plymouth feels nearly abandoned. It's been that way nearly...

The excerpt below appeared in the San Antonio Business Journal article “Midwest developer buys San Antonio apartments with renovations planned” on September 2, 2022 by Ramzi Abou Ghalioum. "Roers Companies recently bought properties for renovation in San Antonio and Houston, and is getting ready to build a new property in Austin. The San Antonio property is Rosemont at University Park, a 240-unit apartment...

Scannell Properties and Roers Companies have purchased an approximately 75-acre infill site at the corner of Interstate 494 and Bass Lake Road in Plymouth, Minnesota, and will redevelop the site in a joint venture. The current site includes a 500,000 square-foot office building that was constructed in the 1980s. Scannell and Roers Cos. will demolish that building and redevelop the...

Roers Companies sold its 208-unit Lakeville apartment community today. Belgarde purchased Northlake Lofts for $60 million. This came just three months after the first residents moved into the newly constructed building at 18400 Orchard Trail. This is the second property Roers Cos. has sold in 2022 prior to filling all its apartments and reaching what the industry considers stable occupancy...

Today, Roers Companies acquired Rosemont at University Park through a partnership with San Antonio Housing Authority. The 240-unit affordable housing community was built in 2006 and includes eight residential buildings plus a central clubhouse and amenity area. A renovation is planned for early 2023 to upgrade the clubhouse and site amenities, unit interiors, and more. This is Roers Cos. second...

Roers Companies sold its 255-unit Beyond Apartments in Woodbury on Friday, March 11 to Milwaukee-based MLG for $65.16 million — just six months after the first residents moved into the newly constructed building at 455 Karen Dr. The timing of the sale is earlier than typical for multifamily sales as the property is still in lease-up. In other words, Beyond...

Beyond Apartments Redefine Modern Living Standards The following excerpt appeared in an article by Ava Diaz in the Woodbury Magazine Continuing to redefine apartment living for Woodbury residents is the new two-building complex, Beyond Apartments by Core Living. Beyond fuses a boutique aesthetic with the bustle of suburban conveniences to create a comfortable modern lifestyle. As a luxury apartment, Beyond features...

Roers Companies has sold a portfolio of five local senior housing communities to an out-of-state investor for $160 million, a price that Roers Cos. and its broker believe to be the biggest lump-sum haul ever for that product type in Minnesota. The Havenwood Senior Living properties in Minnetonka, Maple Grove, Burnsville, Richfield and Buffalo have a combined 567 independent living...

Roers Companies sold its Twin Cities area Havenwood Senior Living properties to Lone Star Funds today for $160 million, which appears to be the highest price to-date for a senior living portfolio transaction in the metro area. The sale includes five properties in Minnetonka, Maple Grove, Burnsville, Richfield and Buffalo, totaling more than 550 independent and assisted living apartments, plus...

Nestled near the shores of Lake Superior in the heart of Duluth, Phase 2 of Cove Apartments is looking to open this Fall.  Phase 1 of Cove Apartments saw almost all of its 48 units filled before doors even opened back in late 2020. “The goal with these historic rehabs is to try to be able to deliver a product...

Roers Companies continue to break into the active 55+ market with Risor properties now in development in Apple Valley, Bloomington, Maple Grove, and St. Louis Park. "The Risor brand aims to fill the so-called “missing middle” of senior housing, appealing to active older tenants who aren’t quite ready for true senior housing but are eager to downsize," said Andy Bollig,...

Roers Cos. plans to add 397 housing units in three, six-story apartment buildings in Salt Lake City’s North Temple transit corridor. The unnamed apartment project would provide a mix of one-, two- and three-bedroom homes and continue filling a queue of ongoing and upcoming projects of all sizes along the transit corridor on the capital’s west side. Read the full...

Beyond Apartments in Woodbury is Roers Cos.’ largest project to-date with 255 apartments, and the first phase of the building opened to residents on September 18. The second phase will open later this fall. This two-building (four- and five-story) project is within Woodbury’s City Place district, which is a mixed-use, pedestrian-friendly village with shops, grocery, stores, and entertainment. There is...

Red44, a 159-unit apartment complex in Rochester, has sold to Regency for $34 million. JLL marketed the property on behalf of Roers Cos. Investments, LLC & Reuter Walton Development. Built in 2017, Red44 was developed using a private-funding model whereby high-net-worth individuals from the region invested in the project, so proceeds from the sale will remain in the area. Red44...

Roers Cos. and our project partners broke ground on Community Within the Corridor (CWC). Scott Crawford, Inc. and Roers Cos. are developing this $66 million project on 32nd and Center. The CWC team consists of Lead Developers Que El-Amin and Roers Cos., Program Manager Mikal Wesley, Construction Manager Tia Cannon and Governmental Relations Rayhino Boynes with design by Continuum Architects...

Havenwood of Maple Grove, a new senior living community located at the intersection of Bass Lake Road and County Road 101, opened its doors to the first residents today. The $33 million, 200,000 sq. ft. community is the sixth in the portfolio developed and owned by Minnetonka-based Roers Cos. This is the second Havenwood Senior Living location to open since...

Roers Companies will break ground this week on the first property in a new collection of age-restricted apartments and townhomes for the active 55+ market, called Risor. The $44 million, 277,000 sq. ft. community will welcome its first residents in the fall of 2022. The company closed on the 4.8-acre property purchase last week. Concurrently, additional active 55+ communities within...

Roers Companies closed on their $29 million sale of Maven Apartments today. The 137-unit community was the first new apartment development in Burnsville in 14 years, and its novelty proved successful in attracting renters. Its lease-up timeline was just four months. The community achieved stable occupancy with 95% of the units rented 11 months ahead of the firm’s schedule. When...

Below is an excerpt from an article, "Roers building Lakeville apartments," that appeared in Finance & Commerce on Monday, October 12, 2020. Minnetonka-based Roers Cos. has broken ground on a $41.5 million apartment building in Lakeville, the development company’s first project in the south metro suburb. The Northlake Lofts project, scheduled for completion in spring 2022, will bring 208 market-rate apartments to...

Roers Companies and Reuter Walton Development closed yesterday on their $26 million off-market sale of 118-unit Spectrum Apartments & Townhomes to a private investor. The resort-style community located near the University of Minnesota welcomed its first residents in August of 2017. At the time, was the only student apartment community with an outdoor pool when it opened. PROPERTY HIGHLIGHTS In...

Below is an excerpt from the June 30, 2020 Urban Milwaukee article by Jeramey Jannene. The biggest proposed affordable housing development in the city took a major step forward Tuesday morning. The Common Council’s Zoning, Neighborhoods & Development Committee unanimously endorsed a $3.15 million financing package for the $59 million, 197-unit The Community Within the Corridor development. Developer Que El-Amin, through...

Below is an excerpt from the June 30, 2020 Milwaukee Journal Sentinel article "City cash totaling $3.1 million endorsed for a $59 million mixed-use development on Milwaukee north side" by Tom Daykin The planned transformation of a large, historic Milwaukee central city industrial site into affordable apartments, as well as commercial and community space, would get city financing help under...

Havenwood Senior Living hosted a virtual open house via Zoom on June 30 for those interested in a closer look at the new community in Onalaska while COVID-19 visitor restrictions remain in place. News8000 highlighted the unique event for the La Crosse and Onalaska community. Below is an excerpt from the online article. A new senior living center is opening...

Below is an excerpt from the June 5, 2020 Milwaukee Journal Sentinel article "How a young Milwaukee developer landed a large Minneapolis partner for his $59 million north side project" by Tom Daykin Que El-Amin had the idea: convert a large former industrial complex on Milwaukee's north side into apartments and commercial space - investing $59 million in one of...

Opening at 60% leased on April 15, Maven Apartments in Burnsville is Roers Cos.' most successful lease-up to date. The challenges of marketing and leasing during the COVID-19 crisis haven't slowed interest or leasing activity for this new development in the Twin Cities' southern suburbs. Below is Roers Cos. media release celebrating the success of this project amidst unprecedented challenges....

In just a two-year period since establishing its Havenwood Senior Living brand in the region, Roers Cos. has grown the portfolio to include properties in Burnsville, Buffalo, Minnetonka, and Richfield, Minn. and Onalaska, Wisc. Roers Cos. continued expanding its Havenwood footprint with a groundbreaking event on November 1, 2019, in Maple Grove. Havenwood of Maple Grove will feature 150 units...

Virtual Reality (VR) has streamed into the Milwaukee real estate market for the first time, in a modern marriage of technology and historic property at the newly renovated Maxwell building in the city’s dynamic Walker’s Point district (or Fifth Ward). Future Maxwell Lofts residents can now take a 3D tour of studio, and 1- and 2-bedroom apartments in the 116-unit...

Reporter Jeramey Jannene from Urban Milwaukee posted a feature article on the renovation of Maxwell Lofts in Walker's Point. View the full story on this 116-unit apartment building and see photos of the renovation progress. Learn more about Maxwell Lofts View the full article

Roers Companies was recently featured in Finance & Commerce about its upcoming senior housing and mixed-income projects in the northwest of the Greater Twin Cities metro. The article highlights the planned Havenwood of Maple Grove senior housing facility and the 150-unit, mixed-income apartment proposal for Brooklyn Park. The article discusses the growing demand for senior housing and Roers Cos.' plans...

Roers Companies was recently featured in MPR News' story on the growing market for senior housing. Partner Kent Roers was interviewed for the story. He explains one reason why the company has invested more time, energy, and resources into senior housing: "We're building buildings that have independent living, they have assisted living, and then they have memory care. So, people...

Havenwood of Buffalo, Roers Cos. 5th addition to the Senior Living Communities, broke ground earlier this month! This Havenwood location is just a few blocks from downtown Buffalo and the lake and is anticipated to open in Spring of 2020. Roers Cos., along with our partners, Kaas Wilson Architects, Walker Methodist, and Bauer Design Build LLC are very excited for...

Brian Roers recently provided a tour for the lieutenant governor of Wisconsin, Mandela Barnes, around the construction site for Maxwell Lofts, which will be our first project in Milwaukee. The Roers Cos. team discussed our development goals for Milwaukee with Lt. Gov. Barnes, and then we took him around our construction site for a tour. Click here to learn more...

Finance & Commerce recently featured Roers Cos.' pitch for the sixth senior living community under the Havenwood Senior Living brand, which would be located in Plymouth, MN: "Roers Cos. is planning its sixth Twin Cities senior housing development in 18 months, but this time with a set of villas to go along with a multifamily building housing independent and assisted...

Roers Companies' sale of Mezzo Apartments in Northeast Minneapolis was recently featured in Finance & Commerce: "The 110-unit, market-rate building opened [five] months ago and was 95% occupied at the time of the sale, said Brian Roers, one of Roers Cos.' owners. (...) Roers Cos. is typically a long-term owner of the apartments it develops, Roers Cos. said in a...

Roers Companies recently sold Mezzo Apartments, located in Northeast Minneapolis, on Thursday, April 25. The apartment community was over 95 percent leased just five months after it opened in mid-November 2018, making it the company's most successful apartment lease-up to date. Core Living, Roers Cos.' property management partner, will continue to manage the community. Click here to read the article...

Havenwood of Buffalo marks our fifth Havenwood Senior Living project to start in the last 18 months. This property will be operated by Walker Methodist and open in early 2020. Finance & Commerce recently featured the project's development, as well as the construction of other communities under the Havenwood Senior Living brand. Click here to read the article.

The Des Moines Register recently highlighted the development of Onyx Office Suites, the new customizable workspace opening at Flux Apartments in Des Moines: "The first floor of a new apartment building on the western edge of downtown Des Moines will become boutique office space for rent. Onyx Office Suites will open April 1 on the ground floor of Flux Apartments,...

The Minneapolis / St. Paul Business Journal recently gave an in-depth look at Roers Cos.' plans for the 137-unit apartment project that is being planned in Burnsville's Heart of the City area, as well as the senior living community that will be located a couple of miles south: "Around 18 years ago Kent Roers moved from his hometown of Marshall...

The Journal Sentinel, part of the USA Today Network, recently featured Roers Cos.' plans for the Maxwell, which is in Milwaukee, WI: "An industrial building in Milwaukee's Walker's Point neighborhood will be converted into 116 upscale apartments after being sold to a Minneapolis-area developer." View the article

The Milwaukee Business Journal highlighted the Maxwell, located in Milwaukee's Walker's Point: The property is in the northern area of Milwaukee’s Walker’s Point neighborhood, where developers are buying and rehabbing historic industrial buildings into offices and apartments at a furious pace. Roers Cos.’ planned historic project will rehab and expand the five-story building at 214 E. Florida St. and its...