High-quality housing for all: Phased, mixed-income project in the southwest metro.
The Shady Oak redevelopment plan entails demolishing an existing office building and redeveloping the 4.68-acre site with two multifamily buildings. Future residents will benefit from the site's adjacency to the beautiful Minnetonka trail system and walkability to the Opus station along the new Southwest LRT. The two buildings will be connected by an outdoor pool, sauna and other outdoor amenities, as well as surface parking at the center of the site. Each building will include underground parking.
The eastern building (Phase 1) will contain 223 units, and the western building (Phase 2) will contain 150-185 units. Phase 1 of the project will include a mixture of studios through three-bedroom units. While the majority of the units will be market-rate, 10 percent of the units will be rent/income restricted at/below 50 percent of area median income (AMI), and 20 percent of units will be rent restricted (but not income restricted) at/below 80 percent AMI.
- Outdoor plaza adjacent to bike trail and pocket park
- Walk-up units
- Rooftop deck and fire pit
- Outdoor pool and sauna
- Pet wash and grooming area
- Rain garden
- Electric vehicle charging stations
- Bike storage and repair station
- Package room
- Fitness room with virtual programming
- Underground, heated garage
Minnetonka, MN 55343
Phase 1: 223 apartments
Phase 2: 150-185 apartments
303 stalls (97 surface, 206 underground)