Common, a residential brand that designs, leases and manages multifamily properties globally, is expanding to St. Paul, Minnesota, in partnership with ACKERBERG at ALVERA, at 337 W. 7th St.
This 193-unit innovative modular apartment building in the West Seventh neighborhood, owned and developed by ACKERBERG and Northland Real Estate, will be a first-of-its-kind Class-A multifamily building in St. Paul. ALVERA residents will have access to exclusive amenities and Common perks ALVERA’s doors will open in December and monthly rents will start at $1,077.
ALVERA by Common features a mix of 193 studios plus one- and two-bedroom apartments. The property is being developed by ACKERBERG and Northland Real Estate. ACKERBERG is a privately held real estate investment and development organization with experience in designing, constructing, renovating, financing and operating commercial and residential projects.
In the past five years, there has been an increased demand for new housing in St. Paul. ALVERA by Common will provide a place for city-dwellers looking for a stress-free living experience completely focused on the resident.
The thoughtful building design concept of The ALVERA incorporates a variety of sought-after amenities encompassing two separate lobbies on West 7th Street and a second on Smith Avenue. Additional shared spaces include a penthouse club room with an entertainment kitchen and bar and a study nook for those working from home.
The sweeping outdoor deck features amazing views along with a fire pit and grills for get-togethers with the community. Residents can also enjoy the on-site fitness center and store their bikes safely in the building’s bike storage area. The 7th Street lobby provides for a convenient two-level resident lounge and work areas as well as an art gallery. The Smith Street lobby provides for fun game activities.
ALVERA features the only self-automated parking stacker in the city which makes parking conveniently accessible for residents. In addition to the indoor amenities, residents can enjoy an exterior mural from internationally renowned visual artist Aaron de la Cruz. The mural features the artist’s signature freehand linework that wraps around the exterior of floors two to seven.
Rents at ALVERA will start at $1,077 a month and will include resident access to exclusive Common community events, convenient payment and communication technology, local and national brand perks, and more. Common has over 22,000 signed units under development in 22 cities across the globe. This past year, Common acquired management agreements from its biggest competitor Starcity, announced major expansion to the UK, added former Deputy Mayor of New York City Alicia Glen to its Board of Directors and raised $50 million in its Series D venture capital funding round from Kinnevik.