Roers Companies’ proposed development located in Victoria, Minnesota will be a mixed-use property offering 130 market-rate apartments alongside 8,700 square feet of commercial retail space. The apartments, ranging from studios to three bedrooms, will feature luxurious finishes as well as premium amenity spaces including a fitness center, rooftop deck, and community room.
An emerging Twin Cities suburb, Victoria is nestled just south of Lake Minnetonka and combines serene suburban living with quick and easy access to all urban conveniences. This property will fulfill the exceedingly high demand for additional housing that has come as a result of Victoria’s 42% population growth over the last decade. With a walkable downtown location, access to regional trails, low vacancy rates, and a growing population with incomes that qualify to live in our apartment building, we believe there will be a strong demand for our housing product.
This project is anticipated to break ground in September 2023 and welcome its first residents in January 2025.
Primary access to the area is provided by MN-5, MN-7, and US-212. Minneapolis-St. Paul International Airport is located 22 miles east of the property; travel time is about 25 minutes, depending on traffic conditions. Downtown Minneapolis, one of the economic and cultural centers of Minnesota, is approximately 25 miles east of the property.
Within Victoria, over the next five years, ages 35- 44 will increase by 5% and the age group of 64- 74 will increase by 20%. Both groups are seeking the maintenance-free housing and conveniences that come with apartment living. With a walkable downtown location, low vacancy rates, and a growing population with incomes that qualify to live in our apartment building, we believe there should be strong demand for our housing product.
Victoria, known as the City of Lakes and Parks, is surrounded by 12 lakes, 22 parks, and 32 miles of trails that connects neighborhoods to downtown Victoria and the Lake Minnetonka Regional Trail. Victoria has access to several pristine golf courses including: Deer Run Golf Club, Island View Golf Club, Chaska Town Course, Dahlgreen Golf Club, Bent Creek Golf Club, and Hazeltine National Golf Club.
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.