Oppidan breaks ground on market rate apartments in Waconia Image

Wednesday, June 22, 2022

Oppidan breaks ground on market rate apartments in Waconia

Oppidan continues to grow in the southwest metro after developing the Waconia Market Place

Excelsior, Minn. – (June 23, 2022) – Oppidan Investment Company, a national property development firm headquartered in Excelsior, Minn., yesterday broke ground on market rate apartments in Waconia, Minn. The apartments, located at the SW corner of Industrial Blvd and W. 13th St., are the tenth in Oppidan’s portfolio of market rate apartments within Minnesota and North Dakota.

The 215,000 square foot building will be built on 11.5 rolling acres of land and will offer 163 market rate apartments in a four story setting with underground heated parking. Apartments types will include studio-alcove, one bedroom, one bedroom with a den, two bedroom and three bedroom options. Community amenities include a spacious community room, fitness center and yoga studio, game room, theater, coworking and meeting spaces, 4th Story club room with a rooftop patio for entertaining, pet spa and heated, underground parking. The community will also have direct access to nature trails and a future planned city park directly to the south.

Oppidan isn’t new to developments in the southwest metro and the new apartment complex in Waconia is the most recent. Oppidan also developed the Waconia Market Place which included Dollar Tree, Culver’s, Holiday, Aldi Starbucks and others.

“The southwest metro is growing, which is why we’re excited to continue to invest in the area and help members of the community thrive,” said Paul Tucci, Oppidan EVP of Development, Midwest. “Market rate apartments are highly sought after here, and our beautiful community will be an exceptional place for people to call home.”

Construction is expected to be completed in Q4 2023.

AMCON is the architect and general contractor, Kimley-Horn is the civil engineer, BDH is the interior designer and Greco will manage the building.

Since 1991, Oppidan has continued to command attention in the commercial development industry, working with clients such as Duluth Trading Company, Ebenezer Management Services, Watermark Retirement Communities, Northern Tool + Equipment, Caliber Collison, and Supervalu, among many others.

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