The City of Osseo is very excited to announce that we have partnered with The Beard Group to break ground on a new 71-unit, market rate, apartment complex on the Block 6 redevelopment site. The Beard Group expects to break ground in the summer of 2013 on the project, which will be located just north of City Hall, between 5th Street NW and 6th Street NW. The complex will include a wide range of apartment sizes (from studio to 3-bedrooms), include underground heated parking, community amenities (such as a community room and community outdoor patio), and high grade finishes throughout.
The project will be broken into two phases. Phase 1 will involve the 71-units planned on the western half of the block. Leasing is expected to commence in the summer of 2014. The apartments will be market rate units and include high end finishes throughout. Phase 2, expected to begin in 2015, will extend the building all the way to Central Ave, adding another 40 to 50 units.
The construction of the apartment complex is in reaction to a very strong rental market, as well as some nearby commercial development which will bring thousands of new residents to the northwest metro area. The Beard Group expects to move forward with Phase 2, given the already strong support for the initial phase of the project.
For more information on the project, please visit www.discoverosseo.com, under the What’s New section, or contact our staff at City Hall.
Riley Grams, City Planner, City of Osseo