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Sawyer & Huck Apartments

Minneapolis, MN

Multifamily - Development

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Sawyer & Huck Apartments

MULTIFAMILY - DEVELOPMENT

ACRES Capital Corp. has originated a $19.25 million loan to fund the development of Sawyer & Huck, a 46,504-square-foot multifamily building located in Minneapolis.

Located within walking distance of downtown Minneapolis and the University of Minnesota, the property is situated in the historic St. Anthony West area, which lies on the east bank of the Mississippi River. The trendy area features an abundance of nearby recreational activities and cultural attractions.

Sawyer & Huck Apartments will feature:

  • 83 Luxury rental units
  • 47 On-site covered parking spaces
  • Community amenities such as a fitness center, roof deck, and bike parking

$19.2 Million

Loan Amount

Construction Loan

Loan Product

“Home to 18 Fortune 500 companies, Minneapolis has a rapidly growing multifamily market characterized by healthy occupancies and a strong tenant demographic driving demand. Given the property’s location and high-quality finishes, it will rank at the upper end of the luxury multifamily market.”

- Mark Fogel

ACRES Chief Executive Officer and President

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