Blue
Minneapolis, Minnesota
Number of Floors: 6
Size: 197,130 sf ; 242 Units
Awarded a 2007 Best in Real Estate by the Minneapolis/St. Paul Business Journal, this 242-unit luxury apartment development embodies the new standard in sustainable design. Blue’s high efficiency mechanical and electrical systems, as well as its innovative sheet-piling garage wall system helped it achieve LEED certification, while its location near mass transit, and the Midtown Greenway bike trail helps reduce its residents’ carbon footprint. In addition to its green qualities, it features extensive amenities including a cyber café and Wi Fi common area, a 2,000 square foot fitness center, a billiards room, indoor garden, pool, and heated indoor parking. Blue also features 14,200 square feet of ground floor retail. Blue’s unique amenities and highly desirable location adjacent to dining, entertainment and shopping should help push above-inflation rent growth. The property is 99% leased.