flexiblefullpage -
billboard - default
interstitial1 - interstitial
Currently Reading

Kraus-Anderson helps fill void in tight Twin Cities housing market

Multifamily Housing

Kraus-Anderson helps fill void in tight Twin Cities housing market

One project just came online, and another apartment building should be completed this summer.


By John Caulfield, Senior Editor | May 1, 2022
The Larking is a mixed-use development in the Twin Cities market. Images: Courtesy of Kraus-Anderson
The Larking, a mixed-use multifamily development, is Kraus-Anderson's sixth such construction project in the Minneapolis-St. Paul market in the past decade. Images: Courtesy of Kraus-Anderson

The construction firm Kraus-Anderson has been active in the multifamily sector in its home market of Minneapolis-St. Paul, having engaged six such residential projects in the past decade. Its latest completion is The Larking, a $100 million 16-story tower located in Minneapolis’ East Town district.

The 400,714-sf Larking, which ESG Architects designed and Kimley Horn engineered, is a mixed-use development with 341 market-rate apartments and seven penthouses, as well as a one-story Wells Fargo bank branch, 9,100 sf of street-level retail, and three levels of underground parking.

The Larking's pool deck
The pool deck at The Larking
 

The building is targeting urban professionals with 35 floor plans—from a 402-sf micro apartment leasing for $1,430 per month to a 1,214-sf two-bed two-bath apartment leasing for $3,370, according to its website. Its design features floor-to-ceiling windows, wide-plank flooring, and exposed concrete ceilings and columns. Contributing to its live-work-play environment are a Sky Lounge, pool deck with 360-degree views of downtown, fitness and wellness center, sauna, golf simulator, pet spa, work-from-home suites, conference room, a catwalk library and community table seating, and “creation center.”

The Larking's lobby
The Larking's lobby lounge
 

Kraus-Anderson provided development and construction services, and is The Larking’s landlord. “We feel The Larking will enhance downtown by bringing new neighbors and commercial offerings to the Elliot Park neighborhood and adding vibrancy to the overall downtown community,” Erica Arne, director of development for Kraus-Anderson, told Twin Cities Business.

Another of Kraus-Anderson’s multifamily projects, MODA at Raymond, a $44 million six-story building in St. Paul with 220 apartments, is scheduled to be completed this summer with 40-plus floor plans available. Ironically, to make way for this construction, a U.S. Bank branch that occupied the property had to come down.

Related Stories

Green | Jun 22, 2022

The business case for passive house multifamily

A trio of Passive House experts talk about the true costs and benefits of passive house design and construction for multifamily projects. 

Multifamily Housing | Jun 21, 2022

Two birds, one solution: Can we solve urban last-mile distribution and housing challenges at the same time?

When it comes to the development of both multifamily housing and last-mile distribution centers, particularly in metropolitan environments, each presents its own series of challenges and hurdles. One solution: single-use structures.

Sponsored | HVAC | Jun 14, 2022

Healing the urban fabric: The surprising impact of MagicPak HVAC

The Legends at Berry active adult housing complex in St. Paul, Minnesota helped transform a former industrial site into a thriving residential campus.  MagicPak All-in-One® HVAC Systems provided the energy-efficient heating needed to handle extreme Minnesota winters while enabling architects to create an inviting home environment—and even qualify for additional funding incentives.

Multifamily Housing | Jun 9, 2022

Cityview's Adam Perry on multifamily housing innovation in the Western U.S.

Adam Perry, SVP of Development and Construction Management with developer Cityview, chats with Multifamily Design+Construction Editor Rob Cassidy about the latest design and construction innovations for multifamily housing in the West. 

Hotel Facilities | May 31, 2022

Checking out: Tips for converting hotels to housing

Many building owners are considering repositioning their hotels into another property type, such as senior living communities and rental apartments. Here's advice for getting started. 

Multifamily Housing | May 25, 2022

9 noteworthy multifamily developments to debut in 2022

A 1980s-era shopping mall turned mixed-use housing and a mid-rise multifamily tower with unusual rowhomes highlight the innovative multifamily developments to debut recently.

boombox1 - default
boombox2 -
native1 -

More In Category




HVAC

Healing the urban fabric: The surprising impact of MagicPak HVAC

The Legends at Berry active adult housing complex in St. Paul, Minnesota helped transform a former industrial site into a thriving residential campus. 

MagicPak All-in-One® HVAC Systems provided the energy-efficient heating needed to handle extreme Minnesota winters while enabling architects to create an inviting home environment—and even qualify for additional funding incentives.

halfpage1 -

Most Popular Content

  1. 2021 Giants 400 Report
  2. Top 150 Architecture Firms for 2019
  3. 13 projects that represent the future of affordable housing
  4. Sagrada Familia completion date pushed back due to coronavirus
  5. Top 160 Architecture Firms 2021

 


Magazine Subscription
Subscribe

Get our Newsletters

Each day, our editors assemble the latest breaking industry news, hottest trends, and most relevant research, delivered to your inbox.

Subscribe

Follow BD+C: