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| NOVO, a planned 192-unit multi-housing complex, Richfield, MN |
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| Dan Linnell |
MINNEAPOLIS, MN –– JLL Capital
Markets announced it has arranged equity for the development of NOVO, a
192-unit multi-housing complex located in the Twin Cities’ suburb of Richfield,
Minnesota.
NOVO will consist of a five-story and three-story building
situated above a two-level, heated underground parking garage with 246 spaces.
The project is being developed on a two-acre
site at 2412 West 66th Street just east of Southdale Mall and
west of Penn Avenue.
In
addition, NOVO will offer residents nearby access to Interstates 35 and 494 as
well as the forthcoming Bus Rapid Transit METRO Orange Line.
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| Josh Talberg |
The property’s 192 units will total 202,122
square feet across a mix of 28 well-designed studio, one- and two-bedroom floor
plans. Units will include luxury finishes, including stainless steel
appliances, large kitchen islands, tile backsplashes and spacious closets.
Community amenities will include a fitness center with dedicated
yoga room, community room, theater room, dog park and an outdoor amenity plaza
with a pool, hot tub, fire pits, multiple seating areas and pergola.
The JLL Capital Markets team representing the seller included
Senior Directors Dan Linnell, Josh Talberg and Mox Gunderson and Director
Adam Haydon.
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| Mox Gunderson |
“JLL was grateful to be a part of moving this project forward
amidst all of the uncertainty in the world,” Linnell said. “The successful
completion of this transaction is a true testament to the quality of the
project, strong sponsorship and a great lending partner.”
JLL
Capital Markets is a full-service global provider of capital solutions for real
estate investors and occupiers.
The firm's in-depth local market and global
investor knowledge delivers the best-in-class solutions for clients — whether
investment advisory, debt placement, equity placement or a recapitalization.
The firm has more than 3,700 Capital Markets specialists worldwide with offices
in nearly 50 countries.
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| Adam Haydon |
For more news, videos and research resources on JLL, please visit
the firm’s U.S. media center Web page: U.S. newsroom.
CONTACT:
Olivia
Hennessey,
JLL
Senior Associate
Public Relations
Phone: +1 713 852 3403
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