Harlow & Bennett — Chanhassen Downtown
Roers Companies is transforming downtown Chanhassen with an exciting new development at the former Chanhassen Cinema and Country Inn & Suites hotel sites. This six-story project will feature 310 market-rate apartments and 15,000 square feet of retail space, offering a diverse array of dining options and popular national brands. With studio units as well as one- to three-bedroom units and four walk-out townhome-style units, residents will enjoy premium amenities like a pool, sun deck, fitness center, golf simulator, game room, co-working area, and even a pet spa. Residents can embrace upscale living in a vibrant yet cozy setting that caters to the demand for luxury suburban living.
Invest NowInvestment Highlights
Renter Surge
Renter households in the primary market area grew by 20% in the last decade while owner households grew by 8.9%. Overall, 40% of the households added in the primary market area during the last decade were renters.
Location
The small-town charm of Chanhassen allows residents to enjoy a variety of upscale amenities and a lively, yet intimate atmosphere. The City of Chanhassen has proposed a new civic campus nearby with a city hall, senior center, library, ample park space, and other public amenities.
Increasing Population
The primary market area’s population reached 128,501 in 2020, marking an impressive growth of 11.9% throughout the 2010s. Chanhassen is projected to add 2,256 households this decade.
Retail Space
Chanhassen boasts a sub-1% vacancy rate in the retail space. The project will feature multiple retail spots on the ground floor of the building. This not only adds a layer of convenience for residents but is expected to boost investor returns.
Strong Track Record
Roers Companies has developed and/or construction on 85+ properties comprising 13,000+ units across 11 states with total costs of more than $3 billion. The firm has more than 300 employees nationwide with regional offices in Austin, Texas; Tampa, Florida; and a new office opening in Phoenix, Arizona in 2024.
Property Location
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Investment is only offered exclusively to accredited investors. This is not an invitation to invest.
