Multifamily fee development
Bloomington, MN
An extraordinary place to live, transit and nature-oriented!
After decades of use as a successful park and fly facility, the development team was up for the challenge to transform this land into exactly the right project for location and market.
This site has amazing attributes in its proximity to the Blue Line (light rail), the Minneapolis-St. Paul International Airport, the Mississippi and Minnesota Rivers, and the Minnesota Valley National Wildlife Refuge. Then there is the foundation the City of Bloomington laid with its excellent work to develop its South Loop District in which the site resides. Oh, and did we mention it is located in an Opportunity Zone? Top all of this off with a property owner committed to stretch to achieve something special. This project is poised for success from the very start.
The result? A beautiful new and inclusionary multifamily development in an emerging area of a well-developed and well-planned city—an opportunity to create an extraordinary place to live. A project with significant contribution to the goals of a community. Abundant greenspace and pedestrian connectivity for residents and the public alike.
KimbleCo was retained by the property owner at project inception to provide fee development services. Scope of work successfully completed to date includes assembling a strong and experienced development team, project ideation, proforma development, city approvals and entitlements, incentives and tax increment financing, branding and day-to-day owner’s representation throughout pre-development. Construction is anticipated to begin in 2021.
This is the just the kind of assignment our team thrives on. With over 6 million square feet of development and lease experience under our belts, this scope of work was right in our wheelhouse, as they say. We are so delighted to have had the opportunity to build a relationship with this visionary property owner and the members of this stellar development team.
KimbleCo is looking forward to the construction phase and the delight of future residents!
““KimbleCo has been invaluable to me over the past year. Their expertise of the development industry combined with their spectacular work ethic and drive has made the pre-development process smooth and enjoyable. They are organized, focused and have helped keep the project on track perfectly. They have been extremely helpful navigating the meetings with the city and all their different divisions. I have truly loved working with KimbleCo and look forward to the upcoming development stage!””
Product Type
183-unit market-rate and affordable multifamily
Scope of Services
Fee Development Services
Client
Rosa Development
Team
KimbleCo
Fee Development Services
Rosa Development Company
Owner/Developer
BKV
Architect
Weis Builders
Contractor
Kimley-Horn
Civil Engineering
Greystar
Management/Leasing