Located at 7200 France Avenue in Edina, Minnesota, this forthcoming six-story, 153-unit luxury apartment project is set to redefine upscale suburban living. As the final phase of the comprehensive 7200/7250 France Avenue redevelopment master plan, the project not only brings high-end residential options but also integrates a 150,000-square-foot Class A office building, fostering a vibrant mixed-use environment.
Project Type: New Construction Market-Rate Apartments (Mixed-Use Redevelopment)
Developers: Afton Park, Great States Development, Orion Investments
Location: 7200 France Avenue, Edina, MN
Size: 153 Units + Three Levels of Structured Parking
Status: Design Phase
Estimated Groundbreaking: Late 2025
Estimated Delivery: Late 2027
Go-To-Market Partner: Authentic
Afton Park is a boutique real estate developer based in the Twin Cities, specializing in new construction and adaptive reuse housing developments. The firm focuses on transforming underutilized sites into enduring, design-forward, and resilient communities. Afton Park has appointed Authentic as the go-to-market partner for 7200 France.
Headquartered in Fargo, North Dakota, Great States Development is dedicated to creating vibrant communities through strategic partnerships and high-quality development projects. With over 5,000 apartment units and $1.2 billion in assets under management, the firm emphasizes resident-first communities across the Midwest.
Orion Investments is a real estate investment firm with a focus on strategic financial networks and investment opportunities. The company is involved in various development projects, including the 7200 France Avenue redevelopment.
As of Q1 2025, Edina's multifamily market reflects the broader strength of the Twin Cities' suburban rental sector. Vacancy rates across the metro have declined to 7.03%, down from 8.37% a year earlier, signaling tightening conditions and steady demand. Suburban areas like Edina are experiencing notable rent growth, with average asking rents increasing by $22 year-over-year, reaching approximately $1,543 per month.
This upward trend is driven by a significant slowdown in new construction, as the number of units under development has dropped by nearly 50% compared to the previous year. With a constrained supply pipeline and sustained demand, Edina's multifamily market is poised for continued rent growth and low vacancy rates throughout 2025.
The 7200 France Avenue project represents a significant addition to Edina's urban landscape, combining luxury residential units with premium office space to create a dynamic mixed-use community. With experienced developers at the helm and a strategic location amidst Edina's top attractions, this development is poised to become a cornerstone of suburban sophistication.
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