LATEST NEWS RELEASES

United Properties and StuartCo breaking ground on Genesee Apartments & Townhomes
Mixed-use development will add retail and housing

MINNEAPOLIS (June 2011) – United Properties and StuartCo are breaking ground this week on Genesee Apartments & Townhomes at Penn & American, a multi-phase mixed-use development combining retail, restaurants and high-end apartments. The first phase includes construction of 212 apartments and 22 townhomes built by StuartCo., and 14,000 sq. ft. of retail and restaurant space built by United Properties.

United Properties and StuartCo receive final development plan approval for Penn & American
City of Bloomington approves plans for mixed use redevelopment

MINNEAPOLIS (December 2010) – United Properties and StuartCo received final development plan approval from the City of Bloomington in late November for a multi-phase, retail and residential project at the intersection of Penn Avenue and American Boulevard in Bloomington, Minn. Beginning in May 2011, the first phase will include construction of Genesee apartments and town homes, comprised of 234 housing units, built by StuartCo, and two retail buildings built by United Properties.

According to United Properties development manager Brandon Champeau, the plan for the three-acre first phase includes three buildings consisting of: a four-story building with 14,000 square feet of retail and restaurants and 60 apartments above; an eight-story apartment building with 152 units; and a four-story townhome building with 22, two-story units. The site will re-establish the grid system in the immediate area, allowing future redevelopment to occur in smaller phases, and will include surface, secured structured and public on-street parking. The next phase is expected to include additional retail and office space.

“Our vision is to develop a product that fits the lifestyle of this location with a full amenity package to include rooftop deck, state-of-the-art fitness center, outdoor pool, movie theater and unique floor plans. StuartCo is proud to add this development Genesee to our portfolio of properties, " said Ryan Dunlay, vice president, StuartCo Development."