Marshall River Run
1400 block of Marshall Street NE between the Nygard Dimensions property and Boone Trucking
The Marshall River Run housing proposal calls for a 101-unit rental apartment building with 100 underground parking spaces and 24 surface parking spaces along Marshall Street next to the Mississippi River. Amenities will include: a building security system, laundry facilities on each floor, pre-wiring for the internet, balconies, community rooms, exercise facilities, a library, bike parking and storage, and a gazebo. The building will include 28 one-bedroom units with rents from $719 to 822, 61 two-bedroom units with rents from 1,003 to $1,355, and 12 three-bedroom units with rents at $1,233. The developer has also obtained approval for 16 project-based Section 8 units. The site plan allows public access to the site and toward the river from the neighborhood and will accommodate future connections to public trails and bikeways along the riverfront.
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Architect: |
D J R Architecture |
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Developer: |
Sherman Associates and Marchant Investment and Management Co., Inc. |
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Financing: |
Hennepin Co. Affordable Housing Investment Fund Hennepin Co. Environmental Response Fund Housing Revenue Bonds TIF |
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City Investment: |
$1.1 million (est.) in TIF |
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Total Development Cost: |
$13.4 million |
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Number of Units: |
101 |
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Unit Size: |
662 to 1,200 square feet |
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Unit Prices: |
rents $719 to $1,355 |
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Completion Date: |
2005 |
October 2003
Last updated Oct. 28, 2011