Posts filed under ‘StuartCo News & Events’
Celebrating Memorial Day
Today we’re remembering the men and women of our country who have fought and fallen. We’re so very thankful for your service!
We’d like to extend a special welcome home to the Minnesota Red Bulls. And as a small token of our appreciation, we’d like to offer $150 off of your deposit to your apartment home or townhome at one of our communities. To visit a StuartCo community, connect to our website via www.stuartco.com.
StuartCo to Develop Southdale Apartments
Bloomington-based StuartCo, which has an agreement with Southdale Center owner Simon Property Group, is pitching 232 market-rate apartments at the northwest corner of York Avenue South and 69th Street West. (Photo: Scott Theisen)
Bloomington-based StuartCo has stepped in as the developer for a proposed market-rate apartment project on an underused piece of land at Southdale Center in Edina.
Conceptual plans for three buildings were presented Wednesday evening to the Edina Planning Commission.
The Indianapolis-based Simon Property Group Inc. owns the Southdale mall and the land where the project would be developed.
“We feel that this site deserves an upper end, Class A project,” Ryan Dunlay, vice president of development and acquisitions for StuartCo, told Finance & Commerce on Thursday. “The demand is there, and we’re going to do something that the site deserves.”
Dunlay called Southdale a “landmark” and said the apartment project would benefit from the amenities in the area, a strong retail corridor including the Galleria, a SuperTarget and other shopping centers.
Previously, an Indianapolis-based developer, Flaherty & Collins Properties, was exploring the project but is no longer involved.
The proposal outlines three buildings of varying heights with a total of 232 units and underground parking on a 5.1-acre site currently used as an overflow parking lot. One building would have 10 floors, another would have six and the third, three.
StuartCo has tapped Minneapolis-based BKV Group as the architect. The project does not yet have a formal name.
The complex would be developed at the southeast corner of the Southdale site, at York Avenue South and 69th Street West.
No vote was taken on the plan on Wednesday. In Edina, the initial “sketch plan review” process offers developers a chance to get early feedback on a project before submitting formal plans.
“There was a lot of discussion about the site plan,” said Cary Teague, planning director for the city of Edina. “I didn’t hear any concern over height or density. I think in general it was well-received. They described it last night as very upscale.”
A representative of the Simon Property Group could not be reached for comment on Thursday.
“I guess you could call it a joint venture with Simon,” Dunlay said of the deal structure. “We’re excited about this project and the partnership.”
Dunlay hopes to break ground on the project in spring 2013.
Southdale Center in Edina, built in 1956, remains an iconic local property. Owner Simon Property Group is renovating the mall. (Submitted photo: CoStar)
Finance & Commerce is tracking more than 13,500 apartment units that are under construction, proposed or completed across the metro area. While many of those projects are in core areas such as downtown Minneapolis, StuartCo has found opportunity at suburban sites.
StuartCo is developing the 234-unit Genesee project in Bloomington, set for completion in mid-September, and the 124-unit View at Long Lake in New Brighton, set to open in mid-June.
Dunlay said that StuartCo finds “less competition” in the suburbs and added that most suburban markets have not had any new apartments built in recent years.
Minneapolis-based Marquette Advisors reported apartment vacancy in Edina at 2 percent at the end of March, lower than the overall Twin Cities vacancy rate of 2.8 percent. Marquette Advisors reported vacancy rates of 1.9 percent in Bloomington and 2.7 percent in New Brighton at the end of the first quarter.
The Simon Property Group is renovating Southdale Center. In April, the Edina City Council voted 4-1 to provide Simon, which bills itself as the “largest real estate company in the world,” a$5.1 million interest-free loan toward the project. The renovations are set to be complete in November.
On Thursday, Simon announced five new tenants that plan to open stores in the mall: Lucky Jeans, Madewell, Sephora, Soma Intimates and White House/Black Market.
Finance & Commerce reported in February that Edina-based Lund Food Holdings Inc. has a proposal to redevelop its Byerly’s grocery store site at 7171 France Ave. S., a few blocks south of Southdale. The plan calls for a new store, additional retail and 163 market-rate apartments on the property.
“I just talked to them a couple of days ago, and they are working through the plan,” Teague said of Lund Food Holdings.
Dunlay said that while numerous metro sites are being shopped for potential apartment developments, StuartCo is remaining selective.
“We’re still seeing a lot of sites … we’re being very particular on what appeals to us,” Dunlay said.
StuartCo is also developing Genesee Apartments and Townhomes in Bloomington, and The View at Long Lake in New Brighton.
Source: http://finance-commerce.com/2012/05/stuartco-to-develop-southdale-apartments/
New Residents and More at our Senior Campus!
This Spring we’re celebrating everything new at our Senior Campus!
Many remodeling projects taking place, new team members, and new residents too.
The Wellington has now expanded to senior living, including independent living, assisted living, and extended care services. Our new sign, new café seating in the lobby, and remodeled aquarium have been welcome additions by our residents who enjoy playing cards, socializing in the lobby, and greeting newcomers. The fireside room and library also received an update with new furniture and paint. The grounds will be updated with additional landscaping this summer as well.
The team at The Wellington has received accolades from residents, owners, and referrals from the medical community. Due to their dedicated level of service and care, the new Care Suites are nearly full, as are our standard living suites and assisted living suites.
Pictured below is the beautifully remodeled lobby.
Many new updates are happening around The Alton as well! The Alton welcomed Mike Lorenz to the team a few shorts months ago, Mike and his dedicated team have developed an extended mission statement to our already award-winning care.
Success for the Memory Impaired in a Loving Environment
We believe…
We provide a home for individuals with dementia/memory impairment that focuses on relationships rather than tasks.
The relationships we encourage consist of our residents, their families and our staff.
We all work together as a team to create a community that promotes growth and development that nurtures the human spirit, therefore each resident can be at the highest level of functioning possible.
We strive to focus on our residents strengths and not their disabilities.
We are all individually responsible to create a sense of “Fun” by being flexible and creative
And an occupancy note, 19 of the 25 homes on our newly added 3rd floor are also full. Kudos to the entire team, we appreciate your dedication!
Which Wich Superior Sandwiches is Opening at Genesee This Summer!
Genesee residents will soon enjoy the flavor and convenience of another great restaurant. Which Wich Superior Sandwiches is the second retailer planning to open its doors at the Plaza building this summer. Just another great reason to make Genesee your home!
Visit The Buzz section on our website to find a link to their menu. Which Wich will you choose first?
As always, we encourage you to Fan Us on Facebook or follow us on Twitter for frequent updates.
2012 StuartCo MADACS Nominees
The MADACS awards, presented by Minnesota Multi-Housing Association, are among the most coveted multi-family housing awards in Minnesota. StuartCo is nominated for the following awards:
Brandy Hutton, The Alton (Caretaker)
Bobby Munoz, Deer Ridge & Raspberry Woods (Maintenance Individual)
Tera Morris Kane, Deer Ridge & Raspberry Woods (Community Manager 151 – 225 units)
Jenny Noll, Heritage Landing (Community Manager 226 – 350 units)
Heather Raduenz, The Wellington (Community Manager Senior)
Andrea Adelmann, Riverview (Assistant Manager 226 – 350 units)
Sue Henk, Coachman (Leasing Consultant 1-225 units)
Todd Brown, Riverview (Leasing Consultant 226-350 units)
Corporate Support, Jodi Grendahl
Multi-Site Manager, Stacey Neameyer
Riverview at Upper Landing, Team Award
Partial Project/Rooftop deck at Heritage Landing in conjunction with Urban Works
Remodel Common Partial/Remodel Units Project Parkside
Property Excellence Nominations
Westchester Village (Affordable 1 -100 units)
Deer Ridge (25 – 150 units after 1992)
Heritage Landing (151+ after 1992 )
Best of luck to the nominees!
Now Open-The Model at The View!
We’ve been hard at work preparing a model to show off the incredible interiors of The View Apartments at Long Lake! Schedule your appointment today to meet with Jeanne for a personal tour. 651-319-9410
Visit our website to explore our stunning floor plans and long list of amenities. Online applications are now being accepted. Be sure to follow us on Facebook and Twitter for frequent updates as well. We look forward to meeting you!
Happy Volunteer Week!
As we wrap up this week celebrating National Volunteer Week, we’d like to share StuartCo Employee’s volunteer activity.
Wednesday we held our annual sandwich making event to support the mission of 363Days and Simpson Housing Services. Here’s a little about each organization.
363 Ministries is a grass roots organization built on anonymous donations of time, talent and treasures. All donations are given and used with the purpose of feeding those less fortunate. Our starting goal was to help feed 150 homeless people in Minneapolis as many times a year as possible, with the ultimate goal of doing it everyday of the year. Today, we are helping to feed about 4,500 people per week through various shelters and food shelves!
Simpson Housing Service’s mission is to house, support and advocate for people experiencing homelessness.We know that with close, individual advocacy and support, men, women and families experiencing homelessness achieve housing stability. We are committed to Housing First: house people quickly, then provide services as needed.
Around 12 StuartCo employees participated this year with a goal of 500 sandwiches. We ended the afternoon with about 700 sandwiches to be donated! And just as we did last year, we had a great time assembling sandwiches for a great cause.
Thank you to all those that participated!
Congratulations Stuart H. Nolan Scholarship Recipients!
Ryan Neil, son of corporate office administrative assistant Sheryl Neil and her husband Todd, has spent his high school years involved in team sports and volunteering as a Link Leader to help transition freshman students into their new surroundings. He has also worked as a restaurant shift manager and as a snowboard instructor while still maintaining a high GPA. Ryan is co-founder of Dogma, a clothing company that offers t-shirts featuring his friend’s artwork.
Ryan is moving to Boulder, CO this August to work, attend Front Range Community College, and establish residency before transferring to University of Colorado Boulder, where he intends to pursue degrees in journalism and law.
Fila Clark, daughter of Woodridge property manager Talesha Sandiford, has spent her high school years involved in track, debate, newspaper & yearbook staffs, choir, science competitions, and tutoring elementary students. Fila also has also been captain of a Relay for Life team and is currently in the ProPEL program, spending six hours each week in Hennepin County Medical Center’s ER seeing what it’s like to be emergency physician – her potential career pursuit.
Fila has visited several campuses and will most likely choose to attend either the University of Minnesota or Michigan State University.
Congratulations to you both!
Check Out Genesee’s New Website!
Last week, Genesee’s debut began with the opening of the on-site office and model. The momentum continues with the launch of a brand new website!
Our new website will help you get to know more about Genesee. You’ll find enhanced amenity, in-home feature, neighborhood and green initiative info, as well as new photos and exciting Genesee “buzz”!
As always, we encourage you to Fan Us on Facebook or follow us on Twitter for frequent updates. We’ve enjoyed interacting with you online, and invite you to stop into our new office today to discover the Allure of Genesee!
Introducing 430 Oak Grove
Great press this week about a new community we will be managing, 430 Oak Grove, located in a beautiful setting near Loring Park.
The Star Tribune took a stroll down memory lane with this historic building, read more here. Almost 88 years later the building is being redeveloped into luxury apartments by the original builder. We are so excited to share with you the progress of this exceptional building.
