7200 France Avenue – Edina, MN

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 Overview

• 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

Developer Profiles

Afton Park

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. 

Great States Development

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

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. 

Market Context: Edina's Multifamily Landscape

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.

Nearby Local Gems

Residents of 7200 France Avenue will enjoy proximity to several notable attractions:

• 50th & France: A unique business neighborhood featuring over 175 retailers and professional services, offering a blend of shopping and dining experiences.

• Centennial Lakes Park: A 24-acre park offering nearly two miles of paved paths for walking and biking, providing a serene environment for outdoor activities.

• The Galleria: Edina’s premier luxury shopping destination, housing a variety of high-end retailers and dining options.

• Edina Aquatic Center: A family-friendly water park featuring pools, slides, and other recreational facilities.

The Final Word

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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