Project News

Fridley Affordable Housing Redevelopment in the News

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...

Repurposing a 450,000-square-foot Vacant Office in Plymouth

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...

San Antonio Apartments Purchased With Renovations Planned

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...

75-Acre Site Purchased for Mixed-Use Development

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...

Cloquet Historic Preservation

In outstate Minnesota, we were awarded $14.1 million for Cloquet Middle School Apartments in Cloquet. The historic preservation development will create 57 rental units targeted primarily to households with incomes between $37,980 and $56,430. View the article

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