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The Island Residences

A 174-unit, 5-story, Class A residential building located in the heart of Carlson Center.

Project Details

Location

Minnetonka, Minnesota

Product Type

A unique Class A residential community located on an Island in the heart of Carlson Center offering:
  • 174 multifamily units
  • 284,000 square feet
  • LEED Silver Certification

Timeline

Project Start: August 2014
Project Completion: November 2015

Overview

Developed by High Street Residential, The Island Residences at Carlson Center is a 174-unit, 5-story, Class A residential building located in the heart of Carlson Center, a corporate office campus nestled within a secluded natural oasis of green space and bounded by water on all sides. The Island includes studio, 1-bedroom, 1-bedroom plus den, 2-bedroom, 2-bedroom plus den and 3-bedroom units.

The site provides direct access to outdoor amenities and includes waterfront views from all sides of the building. The site is located off of Carlson Parkway with direct access to I-394 and I-494. The building will be positioned within the steep sloped and thick trees to preserve the natural ambiance. Apartment dwellers will enjoy the trails and trees, heated underground parking, lap length pool, outdoor grills and fire pit. Living in the natural setting will offer a breathtaking indoor-outdoor relationship. Amenities will include club room, guest suite, WiFi coffee lounge, fitness center, sauna and spa room.
 
The site is located within minutes of Wayzata Bay and Lake Minnetonka shores, home to some of the most affluent residential neighborhoods in the state. The Island is within a 5 minute drive from Ridgedale Center, a regional shopping mall anchored by Macy’s and Nordstrom.

Opportunity, Solutions & Outcomes


The Island Residences at Carlson Center project required the use of a temporary bridge to allow construction to commence while the permanent bridge was constructed. We were not allowed to cut down the existing trees on site to allow for adequate construction access around the building which left a minimal 10-to-15-foot working path. An autocourt located above the parking garage constructed to support the weight of a fire truck.  

The vision for this project was to bring additional life and vitality to the unique setting of the Carlson Center campus by adding 24/7 life to the property. The Island opened its doors in November 2015 and the lease-up absorption was strong, reaching 65 percent leased by mid-summer 2016. Once stabilized that property has maintained strong occupancy.

Quick Facts

Architect

ESG Architects

Contractor

Stevens Construction

Partner

Principal Real Estate Investors

Contacts

Grady Hamilton
Grady Hamilton
Managing Director
+1 (630) 990-1583
John Carlson
John Carlson
Principal
+1 (630) 990-1583
+1 (630) 990-1503
Mary Lucas
Mary Lucas
Associate
+1 (630) 481-1179
+1 (630) 990-1503
Jerry Ebert
Jerry Ebert
Senior Vice President
+1 (630) 990-4229
+1 (630) 990-1503

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