More rentals are on the way for 38th & Hiawatha.
Byline: Matt M. Johnson
Two Twin Cities developers previously involved in senior housing and small townhouse projects are taking on their first larger apartment project next to the 38th Street Station on the Blue Line light rail.
St. Louis Park-based Makado Group and Pocket Properties are proposing to build 102 apartments at 3801 Hiawatha Ave. S. The four-story building would sit at the southeast corner of the Hiawatha and 38th Street East intersection and among several newer apartment buildings and sites where future apartments are planned. The project is expected to be the first developed by the two companies' partnership, named Base Camp Properties, said Makado founder Mark Appelbaum.
Makado has built several senior communities, most recently completing 91-unit Praha Village in New Prague in January. Minneapolis-based Pocket Properties, headed by principal Jeremy Edwards, specializes in townhome and "garden level-style" apartments. The company recently completed a 12-unit townhome and apartment project at 3329 Nicollet Ave.
The 3801 Hiawatha apartments would be the first larger, general-occupancy apartment building for the two developers. The Minneapolis Planning Commission Committee of the Whole will review the project at its Thursday meeting.
Edwards and Appelbaum have been friends for several years and were looking for a site on which to do a joint project, Edwards said in a Monday interview. They plan to buy the 0.85-acre site at 3801 Hiawatha from Minneapolis-based apartment builder Sherman Associates.
The location is likely to be appealing to anyone working anywhere between downtown Minneapolis and the Mall of America, Edwards said.
"Being on the light rail line gives you access to hundreds of thousands of jobs," he said.
Construction would likely start next spring and the apartments would open one year later.
The mixed-use, mixed-income building will include 2,300 square feet of commercial space, a second-level outdoor amenity deck, 50 covered...
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