MinnesotaMultifamily Timberland Partners to build 218-unit apartment community near Minneapolis January 30, 2020 Share on Facebook Share on Twitter Share on LinkedIn Share via email Timberland Partners closed on the land and financing necessary to begin construction of Sundance at Settlers Ridge, an apartment community in Woodbury, Minnesota. The $68 million, 218-unit project was designed by Kaas Wilson Architects and will be constructed by Frana Companies, both based in Minneapolis. Dougherty Mortgage LLC arranged a $53.5 million HUD-insured 221(d)(4) loan to finance the project. Sundance at Settlers Ridge is designed as a townhome-style apartment community, appealing to those desiring a neighborhood experience not available through traditional mid-rise apartment construction. As a top-tier suburb, Woodbury is an ideal location due to its family-friendly reputation, highly recognized school district, continued growth, proximity to major area employers, and easy access to transportation and services. Sundance at Settlers Ridge is comprised of 23 two-story buildings, each with eight to 10 homes. This unique structure more closely aligns with townhomes, as residents will enjoy ample green space, walking paths, and a secluded, neighborhood style. Community amenities include a community room with full kitchen, outdoor pool with sundeck, fitness center and yoga studio, and outdoor kitchen, to name a few. One-, two- and three-bedroom floor plans are available. Each home will include a private entrance, with attached garage, private balcony, granite countertop, and in-unit washer and dryer. Construction will be completed in phases, with the first building and clubhouse opening in late August 2020, and project completion scheduled for late Summer 2021.