Aventura-based Elion co-developing 100-acre project near the Twin Cities

Miami /
Aug.August 20, 2016 01:40 PM

Aventura-based Elion Partners and a co-developer expect to finish building a mixed-use development spanning 100 acres in a suburb of St. Paul, Minnesota, next year.

The development, called CityPlace, is unfolding east of the Twin Cities in Woodbury, Minnesota, and will feature a Whole Foods Market and a 116-room Residence Inn by Marriott.

The co-developers of CityPlace are Elion Partners and Bloomington, Minnesota-based Kraus-Anderson Realty Co.

The 100-acre site of CityPlace is a former office campus for State Farm Insurance. The insurer vacated the Woodbury location in 2006.

Elion Partners and Kraus-Anderson bought the land in 2014 from a real estate company called Wellington Management that had failed to advance its own mixed-use project there.

The roster of current and committed retail tenants at CityPlace includes Nordstrom Rack, La-Z-Boy Home Furnishings, Sur La Table, Verizon Wireless, Bank of America, Mattress Firm, Caribou Coffee and Einstein Bagels. [Woodbury Bulletin] — Mike Seemuth


Related Articles

arrow_forward_ios
Rockpoint's Bill Walton and Keith Gelb with the Shops at Mary Brickell Village (left), 1221 Brickell (middle), and 911 Southwest First Avenue (right) (Rockpoint, Google Maps, Twitter)
Rockpoint’s Brickell bonanza: Firm reaps riches in booming neighborhood
Rockpoint’s Brickell bonanza: Firm reaps riches in booming neighborhood
rendering of the Nautilus 220 condo project with Developers Daniel Kodsi of Royal Palm Companies and Peter Baytarian, managing partner at Forest Development (LinkedIn, Forest Development, VS Studios)
Forest Development, Royal Palm nab $269M condo construction loan
Forest Development, Royal Palm nab $269M condo construction loan
From left: Oak Row Equities' David Weitz and Erik Rutter with Edgewater
Oak Row Equities plans 400-unit apartment, office tower in Edgewater
Oak Row Equities plans 400-unit apartment, office tower in Edgewater
Hollywood Locations' Christopher Ursitti and 1400 Northwest 31st Avenue (Hollywood Locations, Google Maps)
Movie studio complex may rise on former incinerator site in Fort Lauderdale
Movie studio complex may rise on former incinerator site in Fort Lauderdale
Elion Partners' Shlomo Khoudari with 1121-1141 NW 31st Ave (Zillow, Shlomo Khoudari)
Elion Partners buys Pompano Beach industrial building for $15M
Elion Partners buys Pompano Beach industrial building for $15M
LCOR's Anthony Barsanti and Anthony Tortora with 1775 Biscayne Boulevard (LCOR, Zillow) Arts & Entertainment District
Developer pays $49M for Arts & Entertainment District dev site with plans for 540-unit rental tower
Developer pays $49M for Arts & Entertainment District dev site with plans for 540-unit rental tower
Elion Partners managing partner Shlomo Khoudari and the property at 3000 and 3060 Southwest Second Avenue in Fort Lauderdale (Colliers, Elion Partners)
Elion buys two Fort Lauderdale industrial buildings for $15M
Elion buys two Fort Lauderdale industrial buildings for $15M
McDowell wants to build 201 apartments near Homestead, puts land under contract
McDowell wants to build 201 apartments near Homestead, puts land under contract
McDowell wants to build 201 apartments near Homestead, puts land under contract
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...