Type: New Construction
Role: Developer, Owner, Manager
Building Space: Project Value: $28,355,000
Apartments: 107 Market-Rate units
Financing: TCF Bank
Location: Fridley, MN
April 2021
Year Completed


Aura is an age-restricted (55+) market rate development located in Fridley, Minnesota.

Aura is part of Sherman Associates’ new construction, mixed-income, transit-oriented development in Fridley. Aura is located adjacent to Altair, a community of 95 luxury apartment homes, and Ursa, which brings 73 income restricted apartment homes to the neighborhood.

This four-story development consists of 107 residential units and one level of underground parking. All units are open-concept and include granite countertops, stainless steel appliances, and in-home washer and dryer. Building amenities include a club room, game lounge, family room, two outdoor patios, indoor pool, private dog park, community garden, pickleball court, 24-hour fitness center, group fitness/yoga studio and private resident storage units.



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, Aura 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.