School of Rock EP’s grand re-opening is April 22

School of Rock Eden Prairie, which offers performance-based music education, recently announced its grand re-opening. 

The event will occur at the music school, 6585 Edenvale Blvd., Suite 100B, from 4 to 8 p.m. Friday, Apr. 22. Festivities include school tours, raffles, music from the house band, and food and drink. 

School of Rock Eden Prairie is owned by Steve Davis and his wife, Becky Smith. 

The two became owners of the Eden Prairie location in December 2021, giving it a makeover with new paint, carpet, soundproofing, and decorations. Both have a deep love and appreciation for music and often attend shows and concerts together, a press release states.

“We’re excited to share our love for rock ‘n’ roll at the new and improved School of Rock Eden Prairie,” Davis said. “Building upon the legacy of the school, we want to bring the full force of the music program to the community.”

Drawing from all rock ‘n’ roll styles, School of Rock students learn theory and techniques via songs from legendary artists such as Aretha Franklin, Lenny Kravitz, and Led Zeppelin. 

“Steve Davis and Becky Smith are exactly the type of people we look for to lead a School of Rock franchise,” said Rob Price, CEO of School of Rock. “They are passionate about their community and eager to provide opportunities for students to further their music education. I look forward to watching School of Rock Eden Prairie grow as their students thrive.”

Boulay to relocate EP headquarters

Boulay, a Twin Cities accounting and consulting firm, is set to relocate its headquarters to a new location in Eden Prairie. 

Design for the new office has already begun, with a projected move-in date of Nov. 7, 2022. The new offices will be in the One Southwest Crossing building at 11095 Viking Drive. Boulay is currently located at 7500 Flying Cloud Drive.

“This is an exciting time for Boulay, as we transition to a new building that better suits the needs of our growing team,” said Tom Johnson, incoming managing partner. “The new space prioritizes the client in-person experience while embracing flexibility for our people to collaborate with co-workers; whether in-person or through enhanced technology. Our talent pool is statewide and nationwide, and our new headquarters will reflect that reality.”

According to a press release, the designs for the new space emphasize collaborative workspaces, green initiatives and the use of natural light. 

Redwood Capital Group acquires Reserve Eden Prairie

Chicago-based Redwood Capital Group, a national real estate investment manager, recently acquired the 375-unit Reserve Eden Prairie apartment complex.

The purchase is a joint venture with an affiliate of Heitman LLC, a global real estate investment management firm.

Formerly called ReNew Eden Prairie, the garden-style apartments built in 1986 are at 13905 Chestnut Drive.

Redwood Capital Group has owned over 2,200 units in the Minneapolis market in the past decade. 

“Acquiring value-add properties in prime locations has been part of a two-prong strategy to our success and growth, which means Reserve Eden Prairie aligns perfectly with Redwood’s commitment to extend into engaging markets and strengthen our national portfolio of high-quality multifamily assets,” said Bill McDougall, managing director, investments, and head of acquisitions at Redwood Capital Group.

Redwood Capital Group plans exterior, structural, mechanical, and amenity improvements to the property. That includes modernizing the clubhouse, updating the fitness center, and building a new dog park. 

“Based on market research and the pure demand we are seeing from renters, all indicators point to a continued strong apartment market in highly desirable suburbs like Eden Prairie – and we don’t expect that to change anytime soon,” said David Carlson, managing partner and co-founder of Redwood Capital Group.