Chase at Nine Mile Creek

5709 Rowland Road, Minnetonka, MN

Project Type: New Construction

DETAILS:

Project Stage: Completed

Size: 106 multifamily rental units, 22 affordable

Completion Date: 2016

Developer: At Home Apartments (Saint Paul)

Project Cost: $19.4 million

Funding Sources: 4% LIHTC, HRB - direct purchase by TCF Bank

Landon Group role: Compile and submit applications for 42M and 8609 approvals

The Chase at Nine Mile Creek (The Chase) is a new construction, four-story apartment building with an elevator and indoor parking, built in 2016.

The economically integrated project restricts the rents of 20% of the units so they are affordable to households at 50% of the area median income. In an area surrounded by jobs and community amenities, this development is in an ideal location for both market rate and affordable rental housing.

The Chase meets the housing goals of the City of Minnetonka 2030 Comprehensive Guide Plan by promoting new affordable and market-rate rental housing, and by encouraging diversity in the types, sizes and prices of housing available in Minnetonka.