The Expo will add 368 rental units to growing Marcy-Holmes
Doran Cos. and CSM Corp. have broken ground on a 368-unit luxury apartment complex that includes a tower that will rise 25 stories in Marcy-Holmes.
Twin Cities-based CSM and Bloomington-based Doran Cos. announced Monday that they’ve begun construction on the more than $100 million project, dubbed the Expo. The full-block development will replace a surface parking lot bounded by University Avenue and 2nd Street and 2nd and 3rd avenues across the street from the General Mills Riverside Technical Center.
The project, named for the former Industrial Exhibition Hall that was once near the site, will feature a 25-story high-rise with 199 apartments. Connected and covering the rest of the block will be a 12-story complex with an additional 157 apartments and 12 direct-entry townhomes. The building will include 10 affordable units and roughly 3,200 square feet of retail space.
This isn’t Doran’s first project in the area. The developer, which is known for developing student housing closer to the University of Minnesota, is responsible for the 338-unit Mill & Main luxury apartment complex located just two blocks away on Main Street.
“We are excited to get going and to further add to the vitality of this unique neighborhood along the Mississippi River,” developer Kelly Doran said in a statement.
Residents of the Expo will have access to 60,000 square feet of amenities, including indoor bike storage, a pub, a business center, a fitness center, a spa, a sauna, a sports simulator and entertainment suites with lounge spaces and chef-grade kitchens. A central terrace will be populated with a heated pool, grilling stations, fire features, bocce ball and a putting green.
“CSM Corporation and Doran Companies have worked very hard and we are proud to bring these beautiful, amenity-rich buildings to the market,” said CSM CEO Gary Holmes.
Minneapolis-based DLR Group is leading the project’s interior design. The Expo is expected to open in the late spring or early summer of 2020.