CRE W Minnesota

Opus begins construction 120-unit student housing project near University of Minnesota

Opus Development Corporation recently began construction on Stadium Village Flats, an apartment and retail complex located in Stadium Village near the University of Minnesota’s East Bank campus in Minneapolis.

Opus Development Corporation recently began construction on Stadium Village Flats, an apartment and retail complex located in Stadium Village near the University of Minnesota’s East Bank campus in Minneapolis.

Construction began this week on the six-story apartment complex, which is scheduled for completion and move-in next fall. ESG Architects is the design architect, and Opus AE Group will serve as structural engineers.

The overall urban design vision for Stadium Village Flats is to provide high-quality residential and street-front retail at the east gateway of the University of Minnesota. The 120-unit and 235-bed luxury student housing development will include amenities that set it apart from conventional student apartment buildings.

“Stadium Village Flats is designed to create a modern energized living environment for students," said Dave Menke, senior vice president and general manager of Opus Development Corporation. “Level-by-level, each floor will provide a unique amenity bringing students together and differentiating this project from others.”

Amenities include a theater and movie room, cardio fitness space, yoga and Pilates studio, study areas, a gaming room with multiple big screen TVs and a contemporary lounge. The ground level will feature a CVS/pharmacy plus an additional 4,400 square feet of service retail space.

Opus Development Corporation has retained Asset Campus Housing to market and manage the project upon its completion in August of 2012. Leasing will begin in October of 2011.