A joint venture of PCCP, LLC and Doran Companies will develop a class-A, 350-unit multifamily project on 5.15 acres at 5959 Shady Oak Road in Minnetonka, Minnesota. Ground-breaking is expected within a month, and the first units are anticipated to be available for rent in the spring of 2023.
The project consists of market and affordable studio (8%), alcove (14%), one-bedroom (57%), two-bedroom (17%), and three-bedroom (4%) units.
Upon completion, the project is expected to exceed the energy code by utilizing several green building and design features including electric car charging stations, enrollment in a community solar garden, enhanced stormwater management system, occupancy sensor controls and programmable energy star components in individual units.
On-site amenities are expected to be extensive and include a dog park, community garden, clubhouse, activity green, outdoor patio, pool deck with grills, multiple entertainment suites and abundant garage parking spaces.
The project is adjacent to Opus Park, which is uniquely positioned near several corporate employers including Cargill, UnitedHealth Group, Optum Health, General Mills and Mosaic. Additionally, an extension of the light rail system is slated to deliver a stop within walking distance of the site in 2023. Finally, it is anticipated that 5959 Shady Oak will offer residents walkable retail and restaurant amenities directly across the street from the project.
