Brickstone Partners Proposes Development Plans for Marquee Lake Calhoun Site

Neighborhood impact and sustainability top priorities in community-centric design

MINNEAPOLIS--()--Brickstone Partners today unveiled three proposed design schemes for its 3100 Lake Street Class A+ residential development on the north side of Lake Calhoun. The property is currently an office building, but was slated for redevelopment after Brickstone bought the property in August 2015.

“We are attracted to Minnesota, and this site in particular, for many reasons, including its history of strong community and commitment to sustainable, forward-thinking design”

Brickstone Partners is a seasoned, full-service real estate investment and development firm with roots in Minnesota and Colorado. Founded in 2001, Brickstone focuses on providing high-end luxury housing in legacy locations such as Lake Calhoun. ESG Architects, a firm distinguished in Minnesota multi-family architecture, will serve as the project architect. Adolfson Peterson will serve as the general contractor overseeing construction.

“We are attracted to Minnesota, and this site in particular, for many reasons, including its history of strong community and commitment to sustainable, forward-thinking design,” said Dan Otis, principal at Brickstone Partners. “We are very excited to be a part of the thriving market here, and it is important to us that our designs honor the architectural heritage of the area and enhance the neighborhood from multiple perspectives.

“After receiving initial feedback on our original plan for a taller building, the Cedar-Isles-Dean Neighborhood Association, or CIDNA, requested we provide the neighborhood with three options that we considered to be more reasonable in height and more consistent with the neighborhood.”

The designs up for review by CIDNA include:

  • A 13-story tower constructed of high-quality concrete and high-end finishes. This building maximizes setbacks, allowing significant green space between adjacent properties and using height to maximize open space.
  • A nine-story, C-shaped concrete and wood structure. This option offers a hybrid option between the six- and 13-story buildings as it steps from nine stories to four stories at Lake Street. This building has slightly less open space than the 13 story, but still accommodates better set backs to the neighboring properties.
  • A six-story, wood-frame donut-shaped building. This structure would be much like the standard six-story, multi-family projects prevalent in the marketplace. This option would offer a more continuous fabric façade along Lake Street. Also, the building is the least tall of the three options, encompassing much of the site and offering the least open space.

All three designs include approximately 200 units and 295 underground parking spaces. Additionally, they include an abundance of high-end amenities, such as a rooftop pool and fitness and yoga rooms to accommodate the active lifestyle of the neighborhood. A gourmet coffee shop and juice bar at street level will add ambience and convenience to residents and passersby alike.

Concluded Otis, “While all three designs are great options, our aim is to be cognizant of the property’s neighbors, the beautiful surrounding scenery and urban design. Given these factors, we believe our 13-story design is the best fit, allowing for a much more green space and a responsible footprint. We’re looking forward to moving forward with the project.”

About Brickstone Partners
Brickstone Partners, Inc. is a full-service real estate investment and development firm with offices in Denver and Minneapolis. Founded in 2001, Brickstone has been involved in more than 2.1 million square feet of office, retail and multi-family investment and development. Most recently, Brickstone has been focused on developing high-end multi-family housing in legacy locations in highly desirable neighborhoods. The Company is also co-sponsor of the more than $180MM Google Regional Headquarters in Boulder, Colorado. While Brickstone delivers strong returns to its investors, it is equally committed to adding long-lasting value to the communities and neighborhoods it serves.

Contacts

Brickstone Partners
Dan Otis, 720-399-2554
Principal
danotis@brickstonepartners.com
or
PadillaCRT for Brickstone Partners
Matt Sullivan, 612-455-1709
matt.sullivan@padillacrt.com