The Twin Cities are making bold moves in multifamily development despite market slowdowns. From urban infill projects in walkable districts to luxury living in iconic neighborhoods, here are three projects redefining the region’s residential landscape.
Part of the larger 7200/7250 France Avenue redevelopment master plan, this six-story, 153-unit luxury apartment project will complete the vision for this premier Edina site. In addition to residential offerings, the broader project includes a new 150,000-square-foot Class A office building, creating a vibrant mixed-use hub in one of the Twin Cities’ most desirable suburbs.
Afton Park and Great States Development have appointed Authentic to lead the project’s go-to-market strategy, signaling a well-branded, high-amenity experience for future residents. Expect a full amenity package, structured parking, and modern design that aligns with Edina’s upscale market demands.
At what’s been called “the best intersection on the best street in St. Paul,” Afton Park Development plans to redevelop the historic Victoria Crossing East site into a six-story mixed-use property. The project will offer 87 thoughtfully designed apartments ranging from 550 to 2,300 square feet, including a penthouse suite, above vibrant street-level retail.
Developer Ari Parritz remains strong on Grand Avenue’s future despite broader multifamily slowdowns, pointing to high rents, strong local demand, and potential public incentives under review. Active negotiations are underway with a flagship retail tenant, and the remaining commercial space is expected to attract top food and beverage concepts. This project is certainly going to be one to watch for it's beauty, quality, and location alone!
1213 E Franklin Avenue – Minneapolis, MN (Ventura Village Submarket)
Developer:Wellington Management, Inc.
Location: 1213 E Franklin Avenue, Minneapolis, MN 55404
Project Type: Mid-Rise Apartments (Market-Rate & Affordable)
Size: 83 Units | 83,000 SF Gross Building Area
Status: Under Construction (Started April 2025)
Estimated Delivery: April 2026
Investment: $1.25 Million (Portfolio Sale)
Faithfully rooted in the Twin Cities since 1984, Wellington Management is bringing 83 new apartment homes to the Ventura Village submarket, blending market-rate and affordable units (33 affordable units included). The six-story mid-rise will feature a modern design, community amenities, and excellent walkability, earning a Walk Score of 80. The project, previously a Native American Community Clinic, will now be housing in tandem with the community clinic offering both market-rate and affordable homes for the local community.
Located within an Opportunity Zone, this project benefits from both strong community support and favorable investment incentives. With a focus on long-term ownership and stability, Wellington continues its mission of delivering impactful housing solutions for Minnesota communities.
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