Staff began working with the Beard Group in 2019 on a luxury multi-family apartment complex along with Concord Exchange. The Beard Group is a real estate developer based in Hopkins, Minnesota. The Beard Group received approval in December of 2020 to begin construction on the first phase of their two-phase project "'The Yards". Construction on the first phase will begin in the Spring of 2021. The first phase will create 154-units and is anticipated to be completed by September of 2022.
The apartment will include amenities such as a dog park, swimming pool, maker's space, covered parking, and a party deck. When both phases of the development are completed, the building will have 263-unit. The complex will include studio, one-bedroom, one bedroom with a study, and two-bedroom units.
More information about the project's funding can be found here.