Apartment

Altair

Type: New Construction
Role: Developer, Owner, Manager
Building Space: 95 Market-Rate Units

Project Value: $22 Million
Financing: First Mortgage, Tax Increment Financing, Owner Equity
Location: Fridley, MN
January 2021
Year Completed
127,000
sqft

Overview/Details

Altair delivers 95 luxury apartment homes and a vast array of amenities to the Fridley community.

Altair is part of Sherman Associates’ new construction, mixed-income, transit-oriented development in Fridley. Altair is located adjacent to Aura, an active 55+ community of 107 luxury apartment homes, and Ursa, which brings 73 income restricted apartment homes to the neighborhood.

This four-story development consists of 95 residential units and one level of underground parking. All units are open-concept and include granite countertops, stainless steel appliances, kitchen tile backsplash. Each residence is fully equipped with IOTAS Smart Home Technology including smart lights, outlets, and thermostats that can be controlled anytime, from anywhere.

High-end finishes and extensive amenities include granite countertops, stainless steel appliances, kitchen tile backsplash, outdoor pool, club room, coworking, fitness center with private yoga studio and Fitness on Demand virtual classes, and private outdoor dog park.

Building amenities include outdoor pool, club room, coworking, fitness center with private yoga studio and Fitness on Demand virtual classes, and private outdoor dog park.

Fridley offers a unique combination of urban excitement and small-town friendliness. In fact, many locals refer to the persona of Fridley as ‘Friendly Fridley.’ A transit-oriented development located adjacent to Fridley Station on the Northstar Commuter Rail, Altair offers direct access to Downtown Minneapolis just one stop away from Target Field Station (15 minutes).

Fridley is a first-tier suburb located in Anoka County, 7.1 miles north of downtown Minneapolis. Fridley connects with Minneapolis at its southern border and the Mississippi River runs North/South along its Western border.

Awards & Recognition

2022 Real Estate Awards Finalist for Suburban Multifamily Market Rate by Minnesota Real Estate Journal