Chanhassen Downtown Rendering

Harlow — Chanhassen Downtown

Roers Companies is transforming downtown Chanhassen with an exciting new development at the former Chanhassen Cinema. This six-story project will feature 126 market-rate apartments and 3,029 square feet of retail space, offering a diverse array of dining options and popular national brands. With one- to three-bedroom units residents will also enjoy premium amenities like a sun deck, fitness center, 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.

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Investment Highlights

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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.

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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.

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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.

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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.

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