Eleven, Minneapolis’ tallest condo tower, breaks ground

Rising 550 feet into the Minneapolis sky, Eleven will become the tallest condominium tower in the city.

The 41-story building recently broke ground in the Mill District and will include 118 residences (including 17 penthouses). The building will primarily have four units per floor, transitioning to two units per floor as the building rises and, finally, one unit per floor at the top. Each unit will include a private terrace measuring 14 by 14 feet.

Eleven multifamily tower in the Minneapolis skyline

Among the 145,652-sf building’s ample selection of amenities are a large landscaped terrace, a 75-foot lap pool, a private motor court, a 24/7 doorman, a large fitness suite, a multi-sport court, a library, a golf simulator, a children’s splash pad, restaurant space, a demonstration kitchen with dining, residential and guest parking, and storage.

Homes in Eleven will start at $900,000. Luigi Bernardi of Arcadia LLC is serving as the project sponsor and co-developer and Ryan Companies is serving as co-developer, builder and is partnering with RAMSA as the architect.

Eleven rooftop terrace

Since its construction began two decades ago, Daybreak, the 4,100-acre master-planned community in South Jordan, Utah, has been a catalyst and model for regional growth. The latest addition is a 200-acre mixed-use entertainment district that will serve as a walkable and bikeable neighborhood within the community, anchored by a minor-league baseball park and a cinema/entertainment complex.

Brown modern apartment buildings over blue sky. New multifamily complex in Kyiv, buildings exterior and city life concepts

Multifamily Housing | Apr 9, 2024

March reports record gains in multifamily rent growth in 20 months

Asking rents for multifamily units increased $8 during the month to $1,721; year-over-year growth grew 30 basis points to 0.9 percent—a normal seasonal growth pattern according to Yardi Matrix.

Exterior of Contemporary high-rise apartment building

Industry Research | Apr 4, 2024

Expenses per multifamily unit reach $8,950 nationally

Overall expenses per multifamily unit rose to $8,950, a 7.1% increase year-over-year (YOY) as of January 2024, according to an examination of more than 20,000 properties analyzed by Yardi Matrix.

Affordable Housing | Apr 1, 2024

Biden Administration considers ways to influence local housing regulations

The Biden Administration is considering how to spur more affordable housing construction with strategies to influence reform of local housing regulations.