Minneapolis Mayor Jacob Frey and the team from Eleven, Minneapolis’ first luxury condominium project, recently broke ground on construction for the $190 million project.
The ceremony, which took place on the Eleven site in front of a 30-foot visual of the building, included from Brian Murray, CEO of Ryan Companies; Carl Runck, Director of Real Estate Development for Ryan Companies; Luigi Bernadi, CEO Arcadia Management LLC; Dave Weinberger, CFO Arcadia Management LLC; Mike Ryan, President North Region Ryan Companies; and Paul Whalen, Partner at RAMSA.
Eleven is the first residential project in the city to be designed by Robert A.M. Stern (RAMSA), based in New York City. Luigi Bernardi of Arcadia LLC is serving as the project sponsor and co-developer and Ryan Companies is serving as co-developer, builder and is partnering with RAMSA as the architect.
The 550-foot, 41-story Eleven tower will be Minneapolis’ tallest residential building. Eleven will typically have four units per floor, transitioning to two units per floor, and finally one unit per floor in the upper portion of the building. Each home includes a large private terrace which is at least 14 x 14 feet. RAMSA, Ryan, and local firms Peterssen/Keller Architects and Martha Dayton Design and Sotheby’s International Realty have ensured the building interior is as thoughtful as its exterior.
Amenities include a large landscaped terrace that will be unlike any other in the city including a 75-foot lap pool, a private motor court, a 24/7 doorman, an expansive fitness suite, a multi-sport court, a library, a golf simulator, a children’s splash pad, retail space (ideally for a restaurant), a demonstration kitchen with dining, residential and guest parking, storage and more.