MINNEAPOLIS – The Opus Group (Opus) announced today the start of construction on a six-story mixed-use luxury apartment and retail development in downtown Saint Paul. The project, located on West Seventh Street, is a keystone in revitalizing Saint Paul’s historic downtown.
“This is an exciting time for Opus in Saint Paul,” said Matt Rauenhorst, vice president, real estate development, Opus Development Company, L.L.C. “As construction begins, we can feel the energy building in the neighborhood. It’s a pleasure to work in close collaboration with the city of Saint Paul as we work to bring new living and retail options to the Seven Corners neighborhood.”
The planned six-story, U-shaped apartment and retail development will feature a combination of 191 studio, one- and two-bedroom units and three-bedroom townhouse-style residences, as well as 11,500 square feet of ground-level retail space. The residential development will include such luxury amenities as an outdoor courtyard featuring a pool, hot tub, bocce ball and grill areas, as well as a terrace-level patio and club room with river views.
“Projects like this one demonstrate the power of collaborative, community-focused development,” said Mayor Chris Coleman. “I am excited to see the development of this iconic street corner and know that it speaks volumes to the energy and momentum we are seeing across Saint Paul.”
The Seven Corners Hardware site is only part of Opus’ current presence in Saint Paul, where it is also collaborating with Greco LLC and the city of Saint Paul on the redevelopment of the Seven Corners Gateway site, across from the Xcel Energy Center and bounded by Smith Avenue, Kellogg Boulevard, West Seventh Street and Fifth Street.
Opus Development Company, L.L.C. is the developer, Opus Design Build, L.L.C. is the design builder and Opus AE Group, L.L.C. is the architect and structural engineer of record. Elness Swenson Graham Architects, Inc. is the design architect. The project is scheduled for completion in January 2017.
About The Opus Group
The Opus Group® is a family of commercial real estate development, construction and design companies headquartered in Minneapolis with offices and projects across the country. Opus operates as an integrated, multidisciplinary team with expertise in development, capital markets and finance; project management and construction; architecture, engineering and interior design. The Opus Group includes Opus Holding, L.L.C. and its operating subsidiaries: Opus Development Company, L.L.C., Opus Design Build, L.L.C. and Opus AE Group, L.L.C. Specializing in healthcare, residential, office, institutional, industrial and retail projects, The Opus Group has broad capabilities, deep experience and a proven design-build model that delivers solutions for customers on time and on budget. For more information, visit www.opus-group.com and follow @TheOpusGroup on Twitter.