Foundry

A 164-unit, six-story, Class A+ residential mixed-use building with 5,000 square feet of ground floor restaurant and patio space.

Location

Minnetonka, Minnesota

Product Type

Residential

Timeline

Project Start: April 2015
Project Completion: May 2017

Overview

Developed by High Street Residential, Foundry, is a 164-unit, six-story, Class A+ residential mixed-use building with a gateway location to the Uptown District of Minneapolis. The project includes a range of contemporary studio to three-bedroom apartments with luxury finishes, polished designs, signature customer service, and a supreme location near Lake Calhoun. The commercial portion of the development consists of 5,000 square feet of indoor restaurant space and an outdoor patio.

Project amenities include a hotel-style resident lobby, work-from-home-spaces, a coffee bar, a fitness club, and yoga studio. The outdoor deck on the third level offers spectacular views of Lake Calhoun, a resort-style heated pool, fire pits, and grilling stations. Panoramic doors access the club room, complete with an entertainment kitchen and wet bar. The sixth-level sky lounge has an internal stairwell leading to the rooftop deck featuring a fire pit and entertaining spaces.

Opportunity

The site provides access to a combination of retail and recreational amenities, offering residents luxury-living, coupled with convenience and efficiency that cater to multiple rental segments. Foundry is in the Uptown-Lakes area about 2.5 miles from downtown Minneapolis and is next to the Midtown Greenway which offers residents the opportunity to walk or bike to various destinations. The project offers spectacular views of Lake Calhoun, Lake of the Isles, and downtown Minneapolis. The vibrancy of surrounding upscale restaurants, entertainment and shopping provide abundant options for an active lifestyle.