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
Seismic Design | Feb 27, 2023
Turkey earthquakes provide lessons for California
Two recent deadly earthquakes in Turkey and Syria offer lessons regarding construction practices and codes for California. Lax building standards were blamed for much of the devastation, including well over 35,000 dead and countless building collapses.
Multifamily Housing | Feb 21, 2023
Watch: DBA Architects' Bryan Moore talks micro communities and the benefits of walkable neighborhoods
What is a micro-community? Where are they most prevalent? What’s the future for micro communities? These questions (and more) addressed by Bryan Moore, President and CEO of DBA Architects.
Multifamily Housing | Feb 21, 2023
Multifamily housing investors favoring properties in the Sun Belt
Multifamily housing investors are gravitating toward Sun Belt markets with strong job and population growth, according to new research from Yardi Matrix. Despite a sharp second-half slowdown, last year’s nationwide $187 billion transaction volume was the second-highest annual total ever.
Multifamily Housing | Feb 21, 2023
New multifamily housing and mixed-use buildings in Portland, Ore., must be ready for electric vehicle charging
The Portland, Ore., City Council recently voted unanimously to require all new residential and mixed-use buildings to be ready for electric vehicle charging. The move amends Portland’s zoning laws to require all new multi-dwelling and mixed-use development of five or more units with onsite parking to provide electric vehicle charging infrastructure.
Reconstruction & Renovation | Feb 16, 2023
Insights from over 300 potential office-to-residential conversions
Research from Gensler finds that, surprisingly, the features that result in an unpleasant office often make for a superlative multifamily product.
Multifamily Housing | Feb 16, 2023
Coastal Construction Group establishes an attainable multifamily housing division
Coastal Construction Group, one of the largest privately held construction companies in the Southeast, has announced a new division within their multifamily sector that will focus on the need for attainable housing in South Florida.
High-rise Construction | Feb 15, 2023
Bjarke Ingels' 'leaning towers' concept wins Qianhai Prisma Towers design competition
A pair of sloped high-rises—a 300-meter residential tower and a 250-meter office tower—highlight the Qianhai Prisma Towers development in Qianhai, Shenzhen, China. BIG recently won the design competition for the project.
Senior Living Design | Feb 15, 2023
Passive House affordable senior housing project opens in Boston
Work on Phase Three C of The Anne M. Lynch Homes at Old Colony, a 55-apartment midrise building in Boston that stands out for its use of Passive House design principles, was recently completed. Designed by The Architectural Team (TAT), the four-story structure was informed throughout by Passive House principles and standards.
Multifamily Housing | Feb 11, 2023
8 Gold and Platinum multifamily projects from the NAHB's BALA Awards
This year's top BALA multifamily winners showcase leading design trends, judged by eight industry professionals from across the country.
Multifamily Housing | Feb 10, 2023
Dallas to get a 19-story, 351-unit residential high-rise
In Dallas, work has begun on a new multifamily high-rise called The Oliver. The 19-story, 351-unit apartment building will be located within The Central, a 27-acre mixed-use development near the Knox/Henderson neighborhood north of downtown Dallas.
