Greystar, MEPT Break Ground on Elan Uptown in Minneapolis

MINNEAPOLIS, MINN.—Construction has commenced on Elan Uptown, a planned 591-unit, Class A, mid-rise apartment community located in downtown Minneapolis, Minn.

Greystar and Multi-Employer Property Trust (MEPT) formed a joint venture to develop the former Bennett Lumber site in the Uptown area of south Minneapolis. Greystar will develop and manage the community. Weis Builders is serving as developer.

Phase I of Elan Uptown will deliver 203 apartment units in fall 2013, with a planned total build out of 591 units that is expected to be completed in summer 2014. A mix of studios, one- and two-bedroom units is planned, ranging in size from 560 to 1,317 sq. ft.

Interior features and finishes will include flat-panel espresso kitchen and bath cabinetry, granite countertops with slate mosaic tile backsplashes, stainless steel appliances, upgraded plumbing fixtures including pull-down sprays in kitchen, pendant lighting, vinyl plank flooring in living areas and ceramic tile in baths. Some will include garden tubs with separate tile showers.

Community amenities planned include clubrooms, a fitness center and outdoor spaces, including courtyards, fire pits, swimming pools, an outdoor terrace and kitchen.

The apartment community will extend the Greenway Promenade and provide stairway access to hiking and biking trails on the Midtown Greenway. The community is designed to achieve the U.S. Green Building Council’s Leadership in Environmental and Energy Design (LEED) Silver Certification.

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