Roers Companies is proposing the new construction of a high-quality 150-unit, market-rate apartment building located in the first-ring suburb of Maplewood, Minnesota surrounded by parks and across the street from the Gateway State Trail. This five-story project will help meet the demand for new housing in the long-underserved suburb by offering a mix of housing types ranging from alcove to three-bedroom homes. We anticipate high demand and a fast lease-up. The apartment building will feature premium amenity spaces including a pool, fitness center, rooftop deck, and club room.
Primary access to the area is provided by MN-36 and US 61. Minneapolis–Saint Paul International Airport is located 13 miles southwest of the property; travel time is about 20 minutes, depending on traffic conditions. Downtown St. Paul, one of the economic and cultural centers of Minnesota, is five miles south of the property.
Maplewood is a first-ring suburban community with a population of 42,000. Being steps away from Gateway State Trail and Gloster Park, the project provides residents with access to immense recreational benefits, greenery, and personal wellness. The site has great highway accessibility to help residents travel around the metro area.
Facts & Figures
- Equity Raise $13.8M
- Total Project Cost: $43.8M
- Construction to begin March 2024
- Developer, Contractor, Property Manager: Roers Companies
Investment opportunities at Roers Cos. are continuously changing.
Please call us at 612-400-7199 or complete the form below to receive information about this project and other upcoming investment opportunities.