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 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.”
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
| Sep 1, 2014
Ranked: Top federal government sector AEC firms [2014 Giants 300 Report]
Clark Group, Fluor, and HOK top BD+C's rankings of the nation's largest federal government design and construction firms, as reported in the 2014 Giants 300 Report.
| Aug 25, 2014
Tall wood buildings: Surveying the early innovators
Timber has been largely abandoned as a structural solution in taller buildings during the last century, in favor of concrete and steel. Perkins+Will's Rebecca Holt writes about the firm's work in surveying the burgeoning tall wood buildings sector.
| Aug 25, 2014
'Vanity space' makes up large percentage of world's tallest buildings [infographic]
Large portions of some skyscrapers are useless space used to artificially enhance their height, according to the Council on Tall Buildings and Urban Habitat.
| Aug 21, 2014
Apartment construction hits 25-year high
The boost to apartment construction suggests that job gains are encouraging the creation of households.
| Aug 19, 2014
Goettsch Partners unveils design for mega mixed-use development in Shenzhen [slideshow]
The overall design concept is of a complex of textured buildings that would differentiate from the surrounding blue-glass buildings of Shenzhen.
| Aug 18, 2014
Seaside luxury: Arquitectonica, Melo Group introduce Aria on the Bay condo tower in Miami
Melo Group has launched sales for Aria on the Bay, its new 647-unit luxury condominium in Miami. The bayfront condo will overlook Margaret Pace Park, Biscayne Bay and the Miami Beach skyline.
| Aug 11, 2014
Will Alsop's funky 'high-rise on stilts' will be built over an apartment building in London
South London's riverfront will soon be graced by one of Will Alsop's eccentric designs: a curved apartment tower on purple stilts.
| Aug 6, 2014
Multifamily Sector Giants: Younger consumers, Sunbelt renaissance energize multifamily housing [2014 Giants 300 Report]
Multifamily housing construction is expected to remain relatively strong throughout 2014. Starts picked up in 2013, with completions due to catch up this year, finally approaching pre-recession levels, according to BD+C's 2014 Giants 300 Report.
| Jul 30, 2014
German students design rooftop solar panels that double as housing
Students at the Frankfurt University of Applied Sciences designed a solar panel that can double as living space for the Solar Decathlon Europe.
| Jul 28, 2014
Reconstruction market benefits from improving economy, new technology [2014 Giants 300 Report]
Following years of fairly lackluster demand for commercial property remodeling, reconstruction revenue is improving, according to the 2014 Giants 300 report.
