Greco and Eagle Ridge Partners, in collaboration with Amstar Group, celebrated the start of construction on a new multi-family residential project in Eden Prairie’s Golden Triangle during a groundbreaking ceremony on Oct. 11.
“We are excited to begin construction and take the first steps toward our vision to create a thriving residential community in the Golden Triangle area,” said Josh Brandsted, president of Greco. “At completion, our work will help meet the growing demand for housing while also advancing the City of Eden Prairie’s comprehensive plan.”
The new development is located at 6901 Flying Cloud Drive on an undeveloped 15-acre site adjacent to a natural wetland area and the Southwest Light Rail Transit Line station.
“Golden Triangle sets a new standard for suburban lifestyle living with its idyllic natural setting, convenient location and in-demand amenities,” said Shannon Van Gemert, managing director and principal at Eagle Ridge Partners. “The purposeful design connects people easily to walking trails, light rail transit and a vibrant corridor of established restaurants, shopping and entertainment.”
According to a press release, the property’s first development phase will feature 237 luxury housing units in two buildings, along with 315 underground parking spaces. The unit mix will include studios, one-bedroom, two-bedroom, and three-bedroom units, and amenities will consist of a private club room, private dining, an outdoor pool, spa, theatre room, and pickleball courts. A future phase will add 188 more units.
About 25% of the units will be rented at 50% and 80% of the area median income (AMI), in compliance with Eden Prairie’s inclusionary zoning.
“This transit-oriented development project increases housing near the new light rail promoting ridership and providing convenient access to jobs in the Golden Triangle Area,” said Eden Prairie Mayor Ron Case. “As part of the Aspire Eden Prairie 2040 comprehensive plan, we have a number of goals focused on housing and we appreciate the partnership of everyone involved in this project to advance our community priorities.”
“Amstar is excited to partner alongside Greco and Eagle Ridge in delivering new, best-in-class housing in the City of Eden Prairie,” said Tim Slater, senior vice president of Amstar. “An experienced development team and a site with unique features next to water, newly built trails, transit and jobs will make this a great home for future residents.”
The project is managed by North Shore Contractors as the general contractor, with design by BKV Group in Minneapolis. Phase I is set for completion in spring 2025.
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