Multifamily W Minnesota

Kraus-Anderson, Inland Development to develop 316-unit apartment complex in Minnesota

  

Kraus-Anderson and Inland Development Partners are developing a three-story, 316-unit housing project in Richfield, Minnesota. Located near 66th and Cedar Avenue, the $60 million Chamberlain apartment complex is the first joint venture between the two companies, which both focus on developing and redeveloping office, industrial and retail property.

The property was purchased from the City of Richfield and is part of the Richfield Parkway, which runs through the Chamberlain complex and extends south from 66th Street, following 18th Avenue, to 70th Street.

Designed by Urban Works, the Chamberlain apartment complex consists of six rental buildings. Three will be new construction and three others will be renovated.

Kraus-Anderson Construction is the general contractor. Construction is expected to begin in the spring of 2018. The first units will be open in the spring of 2019.