The Excelsior Group

MEET VESI, THE NORTH LOOP'S NEXT RESIDENTIAL PROJECT

A new residential project in the “backyard of the North Loop” finally has a name. 

Vesi” is currently under construction at 800 N 1st Street on a site directly behind the Star Tribune’s offices and production facility. When complete, the project will stand six-stories tall and will include 225 apartment units.

Units within the building will range in size and will include studio, alcove, one-bedroom, one-bedroom + den and two-bedroom units. Level six of the building will also include penthouse layouts of each of the previously mentioned unit types.

A unique aspect of the project is that building layout for Vesi is shaped somewhat like a unique “E” which means more units will have windows on at least two sides. That’ll a bonus for those who love as much natural daylight within in their home as possible.

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Amenities within Vesi will include two large ground floor outdoor terraces, a large fitness center with a private group fitness room, an indoor pool, a spa/sauna, a large clubroom and a sixth-floor lounge with outdoor patio that will feature views of the Mississippi River and Downtown skyline. 

Vesi was designed by ESG Architecture & Design and is being constructed by The Opus Group. When complete next summer the building will be managed by The Excelsior Group

Pre-leasing for Vesi begins in January 2020.

 

NEW DETAILS ON PLANNED DOWNTOWN EAST TOWER

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New plans have been revealed for a proposed residential tower just steps from U.S. Bank Stadium.

Ryan Companies has been working since 2014 on plans for a new tower that would rise on a small plot of land next to the Mills Fleet Farm parking ramp. When the ramp was constructed there were always intentions to also build a tower of some sort, whether that tower would be a hotel, office, or residential space was the question.

In 2018 Ryan Companies released plans for a residential tower that would be constructed on the site located at 710 S 4th Street. At the time a 25-story building was planned that would have included 245 apartments. One of the downfalls of that proposal was that there was no retail space planned within the project which many felt was a huge miss due to the site’s proximity to U.S. Bank Stadium.

UPDATED PLANS

New plans for a 305’ 24-story building will be presented to the Minneapolis Planning Commission at their next meeting. With the new proposal more apartment units have been added to the development along with a small amount of retail space on the ground floor.  

In total, the building would house 342 apartments on floors 2-23 ranging in size from micro units to two-bedroom units. Floors 22 and 23 would also include penthouse units which are expected to feature larger square footages and upgraded finish packages. 120 parking stalls would be located on one level of underground parking and three above ground levels. 1,070 square feet of retail space would be also located on ground floor towards the middle of the building.

Residents would have access to a number of different amenities located throughout the building. The first floor would feature an expansive lobby along with a bike maintenance and electric scooter charging room, a pet spa and an outdoor pet run. Level two would feature leasing space, work space and more indoor amenity space. Level six of the building would include additional indoor amenity space along with a large outdoor amenity deck with a number of different sitting areas, fire pits, outdoor kitchens and walking trails. Last but not least, residents would have access to a top floor amenity level located on floor 24 which would include over 7,500 square feet of indoor amenity space along with a 3,400 square foot outdoor pool terrace.

Ryan Companies would develop the building and The Excelsior Group would own and manage the property once complete. Construction could begin later this year with an anticipated completion in 2021.

 

WORK UNDERWAY ON NORTH LOOP APARTMENTS

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Piling driving continues at a North Loop site that will soon become home to a six-story building.

River Loop Apartments is a new residential project currently under construction at 800 W River Parkway, a 2.5-acre site on the corner of Plymouth Avenue N and W River Parkway. When complete the building will be home to 218 luxury apartments that will range in size from studios to two-bedroom units. Two levels of underground parking will include 268 parking spaces for residents of the building.

Opus Group is developer constructing the project and ESG Architecture is responsible for the design of the building. Once complete, River Loop Apartments will be managed by The Excelsior Group.

Construction on River Loop Apartments is anticipated to be complete in spring 2020.