| Development
Team:
|
Sources of Funds: |
| Architect: |
BRW Elness |
| Contractor: |
Frana and Sons, Inc. |
| Property Manager: |
Real Estate Equities |
| Attorney: |
Winthrop and Weinstine |
|
| First Mortgage:
|
$1,700,000 |
| City of Eden Prairie CDBG Grant: |
$142,125 |
| Limited Partner: |
$1,471,659 |
| Total: |
$3,313,784 |
|
Site Location
The Columbine Townhomes site is located on Columbine Drive near the intersection of Flying Cloud Drive and Anderson Lakes Parkway in Eden Prairie, Minnesota. The 3.2-acre site is located within 1/2 mile of the Eden Prairie shopping mall, numerous retail centers, Cub Foods, banks, and services. In addition the site is located within a few blocks of the public middle school and a large community park with bike paths and an outdoor pavilion.
Project Scope
The site consist of 32 two-, three- and four-bedroom units with rents ranging from $650 to $810 per month.
The units are two-story townhomes with attached garages. Each unit includes a spacious living room, dining room and a large kitchen with an island, all laid out in the “Great Room” manner. The appliance package includes refrigerator, range and range hood, dishwasher and disposal as well as a washer and dryer in each unit. Each unit also includes a separate furnace with central air conditioning. Residents pay for their own heating, electricity, and hot water.
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