| Follow Us: Facebook Twitter Youtube RSS Feed

Development News

Student housing development coming to U of M neighborhood near Central Corridor

CPM Property Management in Minneapolis has a student-housing complex in the works for the Stadium Village area near the University of Minnesota campus.

Although design plans are still coming together, part of the project involves a 12-story tower, according to Daniel Oberpriller of CPM.

About two-thirds of the building runs six stories, he says. The development will also have 36,000 square feet of retail space.

CPM worked with the Prospect Park East River Road Improvement Association (PPERRIA) to put together a task force with neighborhood representatives to fine-tine the details. “We’re getting to a place where the design is headed in the right direction,” he says. “It has a lot of moving components. We want it to look right.”

Oberpriller describes the two-acre parcel as a “gateway site” that’s highly visible from the nearby TCF Bank Stadium and the coming Central Corridor Light Rail Transit line. “We want to make sure it’s a quality building that’s appealing from all angles,” he says.  

To take advantage of that, CPM is collaborating with the university to landscape the building’s entryway.

The existing Arby’s restaurant, CSL Plasma location, and commercial space on the property would be torn down to make way for the building, according to Finance and Commerce.

Oberpriller says it’ll bring much-needed improvement to the area by adding density and contributing to a vibrant streetscape. “It brings students closer to the university and adds more retail that’s needed there,” he says.

The development, which is close to several other student housing projects that are under construction, hopes to break ground in December, according to Finance and Commerce.

Source: Daniel Oberpriller, CPM
Writer: Anna Pratt
Signup for Email Alerts
Signup for Email Alerts