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05.23.2024
Minneapolis/St. Paul Business Journal
Vice president of investor relations, Midwest, Oppidan Investment Co. Jamie Korzan hasn’t even been at Excelsior-based Oppidan Investment Co. for a full six years, yet, but she’s become the go-to point of contact for the firm’s high-level investment partners, serving as vice president of investor relations, Midwest. When representatives of Kayne Anderson, Harrison Street, Bai…
05.20.2024
At Oppidan, success is more than a goal; it's a testament to the dedication and leadership of individuals like Jamie Korzan, our VP of Investment Relations and a shining example of business excellence. Jamie's impact on Oppidan's growth and reputation is undeniable, which is why it’s fitting that Jamie received the Women in Business award from the Minneapolis/St. Paul Business Journal. F…
05.16.2024
We’re honored to receive the prestigious Developer of the Year award at the MN Real Estate Journal Awards ceremony, and this recognition is a testament to Oppidan's unwavering commitment to excellence and innovation in the real estate development industry. Over the past year, we’ve continued to distinguish ourselves as a leader in the real estate development industry, achieving rem…
04.25.2024
Press & News
At the April 15 Albertville City Council meeting, the council approved the plans for an 11,500-square-foot or larger daycare center. City Planner Al Brixius presented the plans for Everbrooke Daycare by Oppidan Holdings LLC, which will be located at 6869 and 6883 Laketowne Place NE. “We’ve been waiting since 2006 for another development at this location. This is a very nice l…
04.16.2024
Star Tribune
While office buildings from the suburbs to downtown Minneapolis struggle for survival, construction on more buildings in the life sciences sector is increasing, adding hundreds of thousands of square feet of labs, production space and research facilities to the Twin Cities. Jessica Mogilka, executive vice president at JLL, is pictured inside a lab at University Enterprise Lab in St. Paul on We…
04.10.2024
McKnights Senior Living
The NCAA tournament might be known as the Big Dance, but residents of several senior living communities offered a few dance numbers of their own at basketball games during the regular season. In the months leading up to March Madness, residents at The Pillars of Prospect Park in Minneapolis, Green Hills Retirement Community in Ames, IA, and Atlantic Shores in Virginia Beach, VA, put on their …
03.19.2024
Today, the Minneapolis/St. Paul Business Journal presents the second round of our 27th annual Women in Business honorees. Each year, we comb through hundreds of nominations for high-achieving women representing a wide range of companies, as well as government and nonprofit agencies. Our honorees are selected based on their professional accomplishments and their community and industry involveme…
03.01.2024
With more than one-third of all new units hitting the southwest suburbs, that area could be one of few soft spots for rentals in 2024. Nearly 20,000 new rentals have hit the market in the Twin Cities metro through the past two years, leaving many expecting a glut of empty apartments. That hasn't happened. Instead, demand from renters outpaced predictions, with the vacancy rate across the met…
WCCO News
Watch Video Here — At the Pillars of Prospect Park, a senior facility that offers independent living, assisted living and memory care, a dance class became so popular among residents that they took it to a different level. "It's just fun to be with people that laugh a lot and so we do. And if we make any mistakes... Nobody will care," Brenda Hoffman said. Loren Sass had to leave his com…
02.26.2024
Duluth News Tribune
The Oppidan Investment Company and Ebenezer Management Services partnered on the $37 million project. HERMANTOWN — A large crowd filled the lobby of the newest senior living community, called Pillars of Hermantown adds 105 senior living units to community located at 4110 Lavaque Road, during a ribbon-cutting event on Thursday, Feb. 22. Oppidan Investment Company and Ebenezer Management …
02.20.2024
Oppidan transitions leadership team; poised for additional growth in 2024 Increased activity in industrial, senior housing, affordable housing and mission critical development Excelsior, Minn. – (February 20, 2024) – Oppidan Investment Company, a national property development firm headquartered in Excelsior, Minn., announced Blake Hastings has decided to leave Oppidan and go back …
02.16.2024
Multifamily & Affordable Housing Business Journal
Oppidan Breaks Ground on 119-Unit Affordable Housing Project in Raleigh, North Carolina RALEIGH, N.C. — Oppidan Investment Co. has broken ground on The Pines at Peach, a 119-unit affordable housing community in Raleigh. Apartments will come in one-, two- and three-bedroom layouts. Income restrictions were not disclosed. The project is financed with Low Income Housing Tax Credits from the…
02.08.2024
Triangle Business Journal
Executive Voice: Former Carolina Hurricane now a leader in real estate While his path to real estate development is unconventional, no one can say that Tim Brent isn’t passionate or unsuccessful. Brent is a former National Hockey League player with a 12-year career that includes the Carolina Hurricanes. “I came from a very blue-collar family in Canada and didn’t have a lot o…
12.26.2023
Affordable apartments could be coming to land near the North Carolina State University campus in Raleigh. Blue Ridge Atlantic Development of Raleigh has filed new site plans for an affordable housing development for residents making 80 percent or less of the area median income. The plans show 144 apartments in the development. Site plans show there will be 36 one-bedroom units, 60 two-bedroom…
12.21.2023
Finance & Commerce
The POWER 30: Joe Ryan Joe Ryan’s path to entrepreneurship began with acknowledging what some might consider a weakness. “I realized at a young age I was not a very good employee,” said Ryan. “I wanted my own deal and to be able to drive decisions to success. At the same time, I wanted to manage my own time and schedule. That is the culture we built inside of Oppidan.…
12.07.2023
A Minnesota developer has started construction on an affordable housing project in south Raleigh. Oppidan Investment Co. started construction in October on The Pines at Peach, a 119-unit multifamily project where all will be dedicated to affordable housing. Developer Noah Wagner said this project was the first in a new asset class for the company and will be its first affordable housing projec…
11.14.2023
Empowering Women 2023: Oppidan Investment Company More than a few firms have focused on recruiting and retaining women in the commercial development industry. One of those is Oppidan Investment Company, a commercial property developer that has completed over 580 projects in 41 states and Canada. With a female workforce of 13%, the Excelsior-based company of around 50 employees stands a few pe…
11.13.2023
The San Diego Union Tribune
Retirement community at Mission San Luis Rey opens OCEANSIDE — A retirement community has opened in Oceanside at the historic-old Mission San Luis Rey, and older adults from across the county, along with some folks from other parts of the country, are moving in. The 256,000-square-foot community, called Hacienda Mission San Luis Rey, has 213 apartments with independent living, assisted …
10.31.2023
Oppidan's conceptual housing development plan would cater to senior citizens DULUTH — A selection committee has recommended the city move ahead to explore an emerging plan to redevelop a 37-acre lower portion of the now-shuttered 268-acre Lester Park Golf Course into housing. Oppidan was one of two developers that responded to the Duluth Economic Development Authority’s recent req…
10.13.2023
Minnesota therapists use virtual reality to help patients conquer fears Whether it makes you feel like you're playing an enjoyable game or confronting your worst fears, VR is gaining interest as effective therapy. You're standing outdoors at the top of a skyscraper, perched on a narrow board, your toes an inch from the edge. You look down and — whoooaaaa! — you see ant-like cars o…
10.10.2023
IMRIS, Deerfield Imaging Relocates Global Headquarters to Chaska Creek Industrial Park Oppidan assisted Rockpoint in custom designing a state-of-the-art facility for leader in intraoperative MRI Excelsior, Minn. – (October 10, 2023) – Oppidan Investment Company, a national property development firm headquartered in Excelsior, Minn., together with Rockpoint, a Boston-based real es…
10.02.2023
$350M Wendell development linked to former Canes player comes together A Minnesota developer has closed on the final piece of land for its 2 million-square-foot project in eastern Wake County. Oppidan Investment Company has been acquiring land in Wendell where Highway 64 meets Interstate 87 to develop the Wendell Commerce Center, a $350 million mixed-use industrial park. The company bought th…
08.28.2023
Developer pushes affordable housing in area of Raleigh that lacks it Affordable housing could be coming next door to a shopping mall in Northwest Raleigh as a Minnesota developer looks to rezone 16 acres. Oppidan Investment Company has filed a new rezoning request for 13120 Strickland Road, located next to the Leesville Towne Center just south of Interstate 540 at Strickland and Leesville roa…
07.13.2023
Senior housing caters to kids and college students, building intergenerational community More developers are embracing the idea of giving older adults opportunities to interact with those outside of their age range. Sharon Toogood Froehle is in her 80s, lives in a senior community and doesn't have great-grandchildren of her own, yet she still has plenty of young people around her, whether tha…
06.29.2023
Senior Living News
The Pillars of Prospect Park Increases the Capacity of Student Residence Housing Program MINNEAPOLIS, MN — The Pillars of Prospect Park is the first senior living community in Minnesota to bring together a range of ages — from babies to preschool to college students — to foster meaningful relationships through its award-winning intergenerational programming. After a successf…
06.08.2023
Horsing around soon When The Hacienda Mission San Luis Rey opens in September, residents will have plenty of opportunities to horse around thanks to a partnership with Ivey Ranch Park Association, an equine nonprofit that provides recreational and educational programs for individuals of all ages with and without special needs. “We promised to sponsor two horses from the ranch, and ther…
05.02.2023
Newswires
The Hacienda Mission San Luis Rey Partners with Ivey Ranch Park Association to Provide Equine Program to Residents OCEANSIDE, CA, US, May 1, 2023 -- Watermark Retirement Communities’ new luxury senior living community, The Hacienda Mission San Luis Rey, announced today they are partnering with Ivey Ranch Park Association to offer equine programs to their residents who wish to participate…
04.24.2023
RE Journals
A big night for the industry: More than 900 fill the room during Minnesota Real Estate Journal’s 2023 Real Estate Awards The Minnesota commercial real estate industry celebrated another year of big deals and resilience in the face of economic challenges during the Minnesota Real Estate Journal’s 2023 Real Estate Awards. More than 900 commercial real estate professionals from acr…
According to the National Association of Women in Construction, women account for 10.9 percent of the entire U.S. construction workforce in 2022. Luckily for us, we have four of them on our construction team, representing 13% of our entire Oppidan workforce! One of these powerful women in construction is Marlee Benson, Construction Manager, Midwest. Marlee joined Oppidan in 2022 and is instrum…
03.01.2023
Developers answer affordable housing call in Southeast Raleigh Two real estate companies are planning new developments in Southeast Raleigh designed to add to the city's supply of affordable housing. Minnesota-based Oppidan Investment Company recently submitted new site plans for Birch and Branch Apartments at 3499 Middle Branch Road. The project calls for 180 affordable units inside the Belt…
02.09.2023
Largest Real Estate Developers in the Twin Cities Ranked by Metro sq. ft. developed, 2020-2022 Locally Researched by: Kelly Busche, Minneapolis / St. Paul Business Journal Feb 02, 2023, 9:00am CST The Twin Cities 24-county metro area includes Anoka, Benton, Blue Earth, Carver, Chisago, Dakota, Freeborn, Goodhue, Hennepin, Isanti, Le Sueur, Mower, Nicollet, Olmsted, Ramsey, Rice, Scot…
01.19.2023
As the Mission San Luis Rey Celebrates 225 Years, a New Community Establishes the Future of Senior Living OCEANSIDE, CA—Tucson-based Watermark Retirement Communities and Oppidan Investment Company (a national property development firm headquartered in Excelsior, MN), announced today that The Hacienda Mission San Luis Rey, a new community offering independent living, assisted living and m…
12.20.2022
2023 New Year's resolutions from CEOs Ravi Norman, B Kyle, Joe Ryan, Christine Fruechte and more As 2022 draws to a close and everyone looks forward to 2023, the Minneapolis/St. Paul Business Journal wanted to check in with our Most Admired CEO honorees from past and present to find out what resolutions they had made for the New Year. Here are some of their responses: Ravi Norman, ch…
12.08.2022
Sun Patriot
Another new apartment complex taking shape While the single-family housing construction market might have cooled due to higher interest rates, a tight labor market and inflated prices for materials, multifamily construction has made impressive gains the past two years, according to the National Association of Realtors. And it’s an especially hot market in Waconia. In recent weeks we have…
12.01.2022
$350M Wendell development features apartments, grocery store, industrial buildings and potential hotel The rapid growth in eastern Wake County is about to accelerate as a large mixed-use development with industrial and flex space, retail and residences is moving forward. On Monday, the Wendell Board of Commissioners approved the 257-acre planned unit development that Oppidan Investment Compan…
10.13.2022
Hendersonville Lighting
Leaders celebrate commerce park as ‘blank slate for good' Heralding the area’s newest industrial park as a “blank slate for good,” Hendersonville and Henderson County leaders last week praised the McMurray Road site as a catalyst for job creation, an exemplary public-private partnership and a welcome addition to the inventory of marketable space for manufacturing and di…
10.07.2022
ABC13 News
$80 Million Industrial Park Breaks Ground in Henderson County HENDERSON COUNTY, N.C. (WLOS) — A new $80 million industrial park is breaking ground in Henderson County. The park, to be called the Blue Ridge Commerce Center, will include 654,000 square feet of industrial and warehouse space. According to the developers, the Minnesota-based Oppidan Investment Company, the spaces are designe…
10.06.2022
Oppidan breaks ground on Blue Ridge Commerce Center near Asheville This is Oppidan’s second Industrial Development to break ground in North Carolina; first Class A speculative industrial park in Hendersonville Hendersonville, N.C. – (October 6, 2022) – Oppidan Investment Company, a national property development firm headquartered in Excelsior, Minn., and with offices in Apex…
10.05.2022
Oppidan breaks ground on senior living community in Hermantown Becomes Oppidan’s eighth Pillars Senior Community developed in Minnesota Minneapolis, Minn. – (October 5, 2022) – Oppidan Investment Company, a national property development firm headquartered in Excelsior, Minn., is breaking ground on its newest senior living community in Hermantown, Minn. The Pillars of Hermant…
09.23.2022
Effective leadership builds great culture (and we have both!) A strong culture is developed when your leadership cultivates positive connections with your team and your community. Oppidan excels at this. From inception, our CEO Joe Ryan has prioritized community engagement and a “work hard, play hard” culture. More than 30 years later, we continue to receive accolades for our work …
09.21.2022
Thirty-one years after putting together his first deal for Oppidan Investment Co., CEO Joe Ryan is still working with some of those same investors on deals today. These partnerships have been key to Oppidan’s success, Ryan said. He launched the real estate company in 1991. Under his leadership, Excelsior-based Oppidan has expanded into new development types and markets, becoming…
09.16.2022
University of Minnesota - Giving
Back in the game Research makes better cancer care—like chemotherapy from home and less drastic surgery—possible. Blake Hastings went into the clinic for an MRI of his foot for what he was sure was a broken bone. But sitting in the exam room alone, the then-37-year-old received the news he never expected to get: he had cancer. It was likely Ewing sarcoma, a type of canc…
07.22.2022
Oppidan breaks ground on 171-unit apartment building in Cottage Grove Excelsior-based Oppidan Investment Co. held a groundbreaking ceremony this week for an incoming market-rate apartment complex in Cottage Grove. The four-story, 171-unit apartment building is slated for 7689 Hardwood Ave. S. The building will start to go vertical next week as months of clearing and grading have been underway…
07.15.2022
Oppidan breaks ground on market rate apartments in Cottage Grove This is Oppidan’s eleventh market rate apartment in Minnesota and North Dakota Excelsior, Minn. – (July 15, 2022) – Oppidan Investment Company, a national property development firm headquartered in Excelsior, Minn., broke ground on market rate apartments in Cottage Grove, Minn. The apartments, located at 8689 H…
07.12.2022
Succeeding in the multifamily market today: It’s all about unearthing that right site in the right submarket Demand remains so strong for new multifamily units that developing in this space is easy, right? Not quite. There are still challenges in the multifamily sector, despite the still-rising demand for new apartment units. Rising interest rates. Oversaturated markets. The struggle …
06.30.2022
Don’t bury it yet: Retail is far from dead Think of the commercial sectors hit hardest by COVID-19. What comes to mind? Office, hospitality and … retail, right? Maybe. But commercial real estate professionals working the Minneapolis-St. Paul market say that the retail sector in the Twin Cities and beyond is firmly in rebound mode today. That’s because retailers have adjus…
06.24.2022
Oppidan Appoints Former Sleep Number Executive to its Board of Director Tricia Dirks brings wealth of human resources experience to the six-person board Minneapolis – (June 8, 2022) – Oppidan Investment Company, a national property development firm headquartered in Excelsior, Minn., announces the appointment of Tricia Dirks to its Board of Directors, effective immediately. Dirks&r…
Oppidan starts work on last building in multistate industrial project — and demand for the space isn't waivering Excelsior-based Oppidan Investment Co. has started construction on the final building in its multistate industrial development, which is being done in partnership with Boston-based Rockpoint Group. The final property is part of the Bunker Lake Business Park in Ramsey, Minneso…
06.22.2022
Oppidan breaks ground on market rate apartments in Waconia Oppidan continues to grow in the southwest metro after developing the Waconia Market Place Excelsior, Minn. – (June 23, 2022) – Oppidan Investment Company, a national property development firm headquartered in Excelsior, Minn., yesterday broke ground on market rate apartments in Waconia, Minn. The apartments, located at th…
06.16.2022
Oppidan and Rockpoint Group break ground on the final project of their $157.3M ten Building industrial development in Minnesota and North Carolina The Bunker Lake Business Park includes a three-building industrial/warehouse development Excelsior, Minn – (June 16, 2022) – Oppidan Investment Company, a national property development firm headquartered in Excelsior, Minn., and Rockpoi…
06.02.2022
Oppidan breaks ground on second phase of luxury Minneapolis Apartments at 46th and Hiawatha Project to be completed in Q3 of 2023 Oppidan, a national property development firm headquartered in Excelsior, broke ground on the development of luxury apartments at 46th and Hiawatha. The new development will be located next to Lowa46, Oppidan’s transit-oriented, mixed-use development that was…
Oppidan expands into medical office industry with Animal Emergency & Referral Center of Minnesota (AERC) specialty center Oppidan leading bidding and contracting process, project administration and oversight Excelsior, Minn. – (June 2, 2022) – Oppidan Investment Company, a national property development firm headquartered in Excelsior, Minn., is expanding into the medical offic…
05.12.2022
Oppidan breaks ground on senior living community in Newport Beach This is Oppidan’s third senior living community in California Newport Beach, Calif. – (May 12, 2022) – Oppidan, a national property development firm headquartered in Excelsior, Minn., today announced the development of a luxury senior living community in Newport Beach, California (101 Bayview Place). Clearwate…
05.11.2022
Oppidan and Rockpoint Group break ground on the second of their $157.3M nine-property industrial development in Minnesota and North Carolina The Apex Commerce Center includes a four-building Class A industrial development Apex, N.C. – (May 12, 2022) – Oppidan Investment Company, a national property development firm headquartered in Excelsior, Minn., and Rockpoint Group, a real est…
05.09.2022
Finance & Commerce announces Top Projects of 2021 The construction industry faced a myriad of challenges in 2021 ranging from increased costs of materials and labor to rising inflation and supply chain issues. Despite all those challenges, Minnesota builders completed a plethora of projects, including banks, medical facilities, apartments and more. Among those finished projects, an indepen…
05.02.2022
Minneapolis/St. Paul Business Journal names its 2022 Most Admired CEOs This year's Most Admired CEOs lead Twin Cities-based organizations in sports business, hospitality, real estate, health care, retail and other industries. The Minneapolis/St. Paul Business Journal annual Most Admired CEOs awards recognize the professional accomplishments, outstanding leadership and community involvement …
04.12.2022
The Real Deal
Developer plans 122K sf industrial project in San Jose Oppidan joins growing list of out-of-town investors in city’s industrial market Oppidan Investment plans to build a 122,000-square-foot industrial project in South San Jose, the latest out-of-town investor zeroing in on new development for advanced manufacturers and warehouse users in the area. The Twin Cities-based company intends…
02.22.2022
Twin Cities Business names Jamie Korzan as a Notable Women in Commercial Real Estate Oppidan’s VP of Investment Relations, Jamie Korzan, is honored as one of the 2022 Notable Women in Commercial Real Estate. Twin Cities Business releases its annual list to highlight influential women decision makers who use their industry expertise to support others in the industry and mentor future lead…
02.11.2022
Silicon Valley Business Journal
A pair of real estate firms plans to build a 50MW data center in Santa Clara on a site they purchased for $41M Already a regional hub for data centers, Santa Clara could soon be getting another one. Harrison Street Real Estate Capital LLC and Oppidan Investment Co., a pair of real estate firms that have worked together to build such facilities in the past, plan to develop a new one in the c…
02.07.2022
Largest Real Estate Developers in the Twin Cities Ranked by Metro square feet developed from 2019-2021
01.12.2022
Senior Housing News
Presbyterian Homes Acquires 3 Senior Living Communities for $100M from Oppidan Presbyterian Homes & Services (PHS) has acquired three senior living communities in the Minneapolis–Saint Paul metropolitan area from development firm Oppidan for about $100 million. The communities changing hands — The Pillars of Shorewood Landing, The Pillars of Highland Park, and The Pillars of W…
01.11.2022
Oppidan sells senior living portfolio to Presbyterian Homes for $100 million Presbyterian Homes & Services has bought a portfolio of three senior living communities from Oppidan Investment Co. for a total of $100 million. The properties are located in Shorewood, White Bear Lake and St. Paul. The Roseville-based buyer is adding the three properties to its portfolio of 55 senior liv…
01.06.2022
Oppidan completes $100 million sale of three senior living communities; strengthens position for future senior housing investments Oppidan continues expansion in Minnesota, California and North Carolina Minneapolis, Minn. – (January 6, 2022) – Oppidan Investment Company, a national property development firm headquartered in Excelsior, Minn., sold three of its Pillars senior livi…
12.30.2021
Celebrating 30 years This year marked Oppidan’s 30th anniversary, and we spent the year celebrating our successes, leaning on our past experiences, and honoring our team who helped get us here. 30 years ago, Joe Ryan dreamed big. He wanted to create something that offered flexibility and the ability to “work hard, play hard.” 30 years later, Joe has a lot to be proud of. He…
12.22.2021
The POWER 30: Joe Ryan, Oppidan Investment Company After the turmoil of the Great Recession, Joe Ryan decided in January of 2010 to give himself one more year in the commercial real estate business. Oppidan Investment Co., which he owns, had been “hit hard” by the economy and by clients who decided not to buy or build. Scion of the legendary family of Twin Cities developers, Ryan&…
12.03.2021
Oppidan’s partnership with the University of Minnesota on display with new art installations at The Pillars of Prospect Park UMN College of Design students created a mural for the childcare center and generator wrap Minneapolis, Minn. – (December 3, 2021) – University of Minnesota College of Design students received real world experience bringing their art to life in a partn…
12.01.2021
Oppidan proud to be named a senior housing influencer by GlobeSt. Oppidan has been laser-focused on the senior housing industry and never held back on development of senior housing communities, even despite a global pandemic that shifted the senior housing landscape. This relentless desire for excellence, passion for ensuring seniors have a wonderful place to call home, and exceptional teamwor…
11.12.2021
Oppidan’s CFO named to list of top financial leaders in the Twin Cities For the past four years, Matt Allman has successfully managed Oppidan Investment Company finances to significantly increase its financial foothold, while also allocating significant resources to transform the communities in which Oppidan builds. Matt effectively strikes a delicate balance of growing the company with …
10.21.2021
Minnesota developer maps new Raleigh apartments for latest Triangle project A developer with a growing footprint in the Triangle has filed plans for a new affordable housing project in Raleigh, joining a number of commercial projects the company has in the works in the area. Minneapolis-based Oppidan Investment Co. filed plans for The Pines at Peach Road, calling for 119 apartments on the so…
Oppidan, partner to break ground on first of nine industrial projects Oppidan Investment Co. is slated to start work this week on a new industrial property in Chaska. It’s the first building in its new, nine-property industrial pipeline being constructed in partnership with Dallas-based Rockpoint Group. In all, the project will cost $157.3 million and cover 1.55 million square feet on t…
10.19.2021
Oppidan and Rockpoint Group to break ground on the first of their $157.3M nine-property industrial development in Minnesota and North Carolina Chaska Creek Industrial Park includes a two-building office/warehouse development Excelsior, Minn. – (October 19, 2021) – Oppidan Investment Company, a national property development firm headquartered in Excelsior, Minn., and Rockpoint Grou…
10.18.2021
Oppidan plans topping out ceremony for the Highline Building in downtown Apex Mixed-use building is already more than 50 percent pre-leased Apex, N.C. – (October 18, 2021) – Oppidan Investment Company, a national property development firm headquartered in Excelsior, Minn., and with offices in Apex, N.C., has completed structural construction of the Highline Building, a mixed-use …
10.11.2021
Sun This Week
Will offer intergenerational programming, connections to Crossroads Church Oppidan Investment Company, a national property development firm headquartered in Minneapolis, is breaking ground on its newest senior living community in Lakeville. The Pillars of Lakeville, 17701 Glacier Way, is the seventh in Oppidan’s portfolio of Pillars senior living communities, with additional Pilla…
10.01.2021
Oppidan to break ground on senior living community in Lakeville; will offer intergenerational programming, close connections to Crossroads Church Becomes Oppidan’s seventh Pillars Senior Community in Minnesota Minneapolis, Minn. – (October 1, 2021) – Oppidan Investment Company, a national property development firm headquartered in Minneapolis, Minn., is breaking ground on it…
Oppidan to build nine industrial warehouses worth $157M in Minnesota and North Carolina The company aims to take advantage of intense demand for space in the age of online shopping. Industrial warehouse properties are hot right now and Excelsior-based Oppidan Investment isn't about to be left out. The company is building nine speculative warehouse projects worth $157 million in Chaska, Ramse…
09.24.2021
Finance&Commerce
Ramsey industrial development site sells for $4 million Ramsey Industrial Owner LLC, an entity-related to the Rockpoint Group real estate firm in Dallas, has paid $4 million for the site of a future $42.7 million industrial development in Ramsey. The 43-acre site doesn’t have an assigned address, but property records show that it’s just north of Bunker Lane Northwest and west of…
08.19.2021
Behind the scenes look at Oppidan’s Industrial Pipeline Project Quick Facts: Oppidan is developing office warehouse and life sciences projects Three development sites in Minnesota and North Carolina 9-property industrial pipeline, all Class A buildings 1.55 million square feet $157.3M equity partnership with Rockpoint Group There’s no denying the industrial industry is gr…
08.17.2021
Excelsior - (August 16, 2021) Excelsior, Minnesota-based Water Street Partners has announced the final closing of Water Street Fund II, LLC . WSP achieved its equity target ahead of schedule and was oversubscribed by 15 percent. Fund II is a closed-end, discretionary real estate fund targeting commercial and multifamily investments in the Minneapolis-St. Paul, Minnesota; and Raleigh-Durham, No…
08.10.2021
Oppidan and Harrison Street break ground on senior living community in Oceanside, Calif. OCEANSIDE, Aug. 9, 2021 – Oppidan, a property development firm, and Harrison Street have plans to develop The Hacienda Mission San Luis Rey, a luxury senior living community in Oceanside, Calif. Watermark Retirement Communities will operate the senior living community once complete. The Hacienda Mis…
08.07.2021
ABC 7 News
NAPA, Calif. (KGO) - When Frank Diaz was hired as at the Watermark in Napa, he expected a typical job doing tech support at a retirement community. "I mainly thought it was going to be phone problems, connecting printers, setting up their TVs," recalled Diaz, who was hired during the pandemic. The shutdown in the spring of 2020 was hard on seniors in retirement homes. Many were locked down fo…
08.05.2021
$157.3M equity partnership arranged for 9-property industrial pipeline JLL Capital Markets arranged the joint venture partnership for the development of 1.55M-SF of bulk distribution and life sciences projects in Minnesota and North Carolina MINNEAPOLIS, Aug. 5, 2021 – JLL Capital Markets announced today that it has arranged a $157.3 million joint venture equity partnership for the deve…
07.23.2021
Oppidan breaks ground on Highline Building in downtown Apex Mixed-use building is already more than 50 percent pre-leased Apex, N.C. – (July 26, 2021) – Oppidan Investment Company, a national property development firm headquartered in Minneapolis, Minn., and with offices in Apex, N.C., will break ground on the Highline Building, a mixed-use development in downtown Apex. The grou…
The Pillars of Prospect Park senior living community opens doors to University of Minnesota students through Student Residence Housing Program Part of intergenerational programming that strengthens bonds between college students and older adults Minneapolis – (JULY 8, 2021) – Finding housing near the University of Minnesota – Twin Cities campus just got a little easier for…
07.15.2021
Pandemic dealt blow to senior housing, but Oppidan keeps building more The Covid-19 pandemic rattled the senior housing market, but Excelsior-based Oppidan Investment Co. managed to keep its momentum going. The developer, whose entry into the senior housing market only dates back to the middle of the last decade, opened two of its largest senior communities yet during the pandemic and…
07.13.2021
Family Business Magazine
2021 NextGens to Watch: An Entrepreneurial Spark If you aspire to pass your business down from generation to generation, you need a product or service in high demand, a strategic plan to achieve manageable growth, and effective sales and marketing to tell the world about your offerings. But none of this is enough. You also need a capable next generation who will responsibly steward the enterpr…
07.09.2021
OPPIDAN RECEIVES PRESTIGIOUS INDUSTRY AWARD FOR ITS SENIOR LIVING COMMUNITY IN NAPA VALLEY The Watermark at Napa Valley selected from elite pool of Merit Award winners Minneapolis, Minn. – July 9, 2021 – Judges for the 2021 Gold Nugget Awards have named Oppidan’s The Watermark at Napa Valley as a Grand Award winner for Best Service Enriched Senior Community-Independent Livin…
06.22.2021
Our 30th Anniversary celebrations have grown as we are honored to once again be named to the Minneapolis/St. Paul Business Journal’s list of Best Places to Work. This is the second consecutive year we’ve received this award, and it’s all possible because of the outstanding team we’ve been fortunate to recruit and retain over the years. So, what does it take to be a top …
06.15.2021
Best Places to Work honorees revealed in small company category Today, the Minneapolis/St. Paul Business Journal reveals our 2021 Best Places to Work honorees in the small company category. In the Twin Cities' longest-running awards program recognizing great workplaces, we are honoring this year 20 companies in the extra small category (10 to 24 Minnesota employees), 20 in the small category …
05.25.2021
In 1991, Joe Ryan started Oppidan on a hope and a dream. He desired more flexibility, more decision-making and more time for his family and community. Now, 30 years later, we can confidently say it was quite a successful hope and dream! Oppidan, which is the Latin word for “investing in your city,” has definitely held up to its namesake. Each day, our teams don’t stop at simp…
01.25.2021
Cool Offices: Tennant renovated a corporate campus in Eden Prairie for its new HQ Tennant Co. relocated its headquarters from Golden Valley to a 40-acre campus in Eden Prairie in June. The 150-year-old manufacturer of cleaning equipment renovated a five-story, 162,750-square-foot building to highlight the company's story, brand and products, while limiting its environmental impact. St. Paul-…
01.06.2021
Water Street Partners welcomes Matt Carle Minneapolis – January 6, 2021 – Twin Cities-based Water Street Partners, LLC, continues to grow, adding Matt Carle to its team as an Associate. Prior to joining Water Street Partners, Carle honed his skills in a variety of endeavors, including the assemblage of a diverse private real estate portfolio. He also fulfilled a broad range of res…
12.22.2020
Channel 5 - KSTP
A furry friend in White Bear Lake brings smiles to seniors during pandemic One furry friend in White Bear Lake is bringing smiles to seniors who need it the most during this pandemic. Bear is a golden retriever and found his permanent home at the Pillars of White Bear Lake earlier this month. "I haven't seen this many smiles, this many big smiles, all year," sai…
COVID will leave lasting changes in Minnesota office and apartment projects Builders are altering projects and amenities with safety measures. Birke apartment staff Jake Gleason and Vadell Johnson prepped the terrace, which Doran Cos. installed with a heated deck so tenants can use it in winter. COVID-19 is altering Minnesota commercial real estate in subtle ways — fr…
12.07.2020
Oppidan expands senior living footprint into California When it comes to building beautiful senior living communities, Oppidan knows no bounds. It recently added to its impressive roster of six Pillars senior living communities within Minnesota and opened its newest luxury senior living community in California. Oppidan welcomed its first residents into The Watermark at Napa Valley in late 2020…
12.04.2020
Q&A: Oppidan leader sees bright future in senior housing Senior housing has been a priority for Oppidan Investment Co. for several years, but recent demographic trends are encouraging the company to expand its investment in this type of housing even further. Joe Ryan, the company’s CEO and founder, said the senior housing expansion is due to the nation’s aging population and t…
11.18.2020
MNCREW recognizes Oppidan with three organization, individual Celebration Awards Minneapolis, Minn. – November 18, 2020 – Oppidan’s accomplishments in the community were on display at the 2020 MNCREW Celebration Awards. The team took home the top honor for Community Impact and Empowering Women. Shannon Rusk, Oppidan Senior Vice President of Development, was honored with the …
11.12.2020
Oppidan pitches Lowa46 phase 2 Oppidan Investment Co. is seeking to add a five-story apartment building to its Lowa46 project in the Hiawatha neighborhood. Located across the street from the Minnehaha Regional Park, at 4120 Nawadaha Blvd., the 144-unit apartment building is considered the second phase of Oppidan’s Lowa46 project. The first phase of the project included a 148-unit apart…
10.14.2020
TWIN CITIES BUSINESS NAMES SHANNON RUSK TO LIST OF 2020 NOTABLE WOMEN IN CRE Rusk has 32 years of industry experience Minneapolis, Minn. – October 14, 2020 – Oppidan Senior Vice President of Development, Shannon Rusk, has a track record for business success. This success continues in the community, as Twin Cities Business Magazine has named Shannon Rusk to its list of 2020 Notable…
10.13.2020
Twin Cities Business
Oppidan Investment Co. It has become a national—and international—property developer by maintaining a family feeling among employees and clients. Watch Full Oppidan Interview Joe Ryan, founder and CEO of Excelsior-based Oppidan Investment Co., says he was never suited to work for someone else. “I realized at a young age that I’m not a very good employee,”…
09.24.2020
CBRE arranges partnership for 153-unit multifamily development in West St. Paul CBRE recently represented Oppidan Investment Company in procuring a partner, Trilogy Real Estate Group, for its West St. Paul Apartments, a 153-unit multifamily development in West St. Paul, Minnesota. Ted Abramson, Keith Collins and Abe Appert of CBRE Minneapolis represented the seller in the transaction. &ldq…
09.21.2020
Virtual reality beats social isolation during COVID When COVID-19 sidelined most of our group activities and forced us to think differently about our approach to therapeutic recreation, we turned to a trusted source of fun, safe and individualized entertainment: virtual reality. Through virtual reality, our residents sat on stage to watch a performance of the Minnesota Opera. One particular r…
09.16.2020
A NEW LOOK AT SENIOR LIVING: THE PILLARS OF PROSPECT PARK UNVEILS REDESIGNED APARTMENT FROM SMALL SPACE DESIGN CHALLENGE University of Minnesota College of Design student named winner of Small Space Design Challenge for independent living or assisted living apartment Minneapolis, Minn. – September 16, 2020 – Small spaces are a trend that isn’t going away. We’ve seen it…
08.31.2020
Water Street Partners adds to team; hires Jack Ryan as Associate Minneapolis – (8.20.2020) – Twin Cities-based Water Street Partners, LLC, continues to grow, adding Jack Ryan to its team as an Associate. Ryan’s experience includes agency leasing, financing, portfolio management, asset management and deal sourcing. Prior to joining Water Street Partners, Ryan earned his Mast…
08.25.2020
Oppidan begins construction on Grand Rapids senior living community; location adjacent to Grand Itasca Clinic & Hospital creates healthcare hub Becomes Oppidan’s sixth Pillars Senior Community in Minnesota Minneapolis, Minn. – (August 25, 2020) – Oppidan Investment Company, a national property development firm headquartered in Minneapolis, Minn., began construction on t…
08.24.2020
Announcement originally appeared in Twin Cities Business Magazine here. TWIN CITIES BUSINESS NAMES OPPIDAN TO LIST OF 2020 MINNESOTA FAMILY BUSINESS AWARD HONOREES Two generations and seven family members help shape Oppidan’s successes Minneapolis, Minn. – (August 24, 2020) – From a young age, family traditions were instilled in Joe Ryan. Joe’s dream was to create som…
08.11.2020
Joe Ryan, Oppidan CEO, discusses how COVID-19 impacted our business and the real estate development industry with Mike Max on WCCO Radio. Listen in to hear how Joe and the rest of the Oppidan team prioritizes family, community and flexibility: LISTEN HERE
08.08.2020
Twin Cities developers push back on mandated storefronts in apartment buildings With rising commercial vacancy rates, developers are imploring city planners to let them build more apartment units on street level. Curt Gunsbury wants to replace a vacant parking lot and auto repair shop in northeast Minneapolis with a seven-story apartment building. City zoning rules say that because the site …
07.13.2020
Announcement originally appeared in the Minneapolis/St. Paul Business Journal here. MINNEAPOLIS/ST. PAUL BUSINESS JOURNAL NAMES SHANNON RUSK TO LIST OF 2020 WOMEN IN BUSINESS HONOREES Since 2005, Rusk has contributed to company success and diversified its development Minneapolis, Minn. – July 13, 2020 – With few women in the real estate development industry, Shannon Rusk, Oppida…
07.01.2020
2020 COFFEE FOR A CAUSE SERIES BEGINS IN JULY TO RAISE MONEY FOR THE ALZHEIMER’S ASSOCIATION All five of The Pillars Senior Living Communities throughout the state will participate Minneapolis, Minn. – July 1, 2020 – After a successful first year in which $2,239.86 was raised, The Pillars Senior Living Communities are bringing back their “Coffee for a Cause” even…
06.18.2020
Mobility4All Marks 5,000th Ride at The Pillars of Shorewood Landing Oppidan Investment Company provides complimentary Mobility4All rides for residents in its Pillars Senior Living Communities Editor note: The 5,000th ride will take place at 1:30 p.m. on Thursday, June 18 at The Pillars of Shorewood Landing (6000 Chaska Road, Shorewood, MN). The Pillars of Shorewood Landing residents, Mary an…
06.06.2020
COVID-19 has put a chill on the Twin Cities senior housing industry Both developers and the residents they serve have been forced to reassess their plans. After more than 40 years in a big house, Janet and Fred Jacobs are getting settled in their new digs: a two-bedroom apartment at the Pillars of Prospect Park, a new seniors-only building in Minneapolis. They have big windows, a balcony an…
06.03.2020
The Minneapolis/St. Paul Business Journal is celebrating its 22nd annual Best Places to Work awards — the Twin Cities' longest-running awards program recognizing great workplaces. It’s been an extraordinary year with the coronavirus pandemic, economic fallout and, more recently, protests across the country. Despite the difficulties companies and their employees are facing, we had a…
05.29.2020
Excelsior-based Oppidan is pitching a 141-unit apartment project on a vacant site along Nawadaha Boulevard near Minnehaha Park in Minneapolis. The developer is marketing the proposed building as the second phase of its LOWA 46 project. LOWA 46 is “a five-story mixed use building with a grocery store and surface parking lot,” according to a city of Minneapolis staff report. In a pr…
Minnesota Good Age
Virtual reality programming is helping seniors relax — and explore the world! Outside, it’s a chilly, gloomy Minnesota day, one that calls for sweaters and tea, not exploring and adventuring. But inside, a dozen people are gathered in a semicircle. Some are relaxing on a beach in Costa Rica. Others are traveling to Stonehenge. A few are sitting in on a rehearsal of the Minnesota…
05.28.2020
The Pillars of Prospect Park Senior Living Community Now Open Next to University of Minnesota Minneapolis Campus Seniors receive unprecedented access to a city lifestyle, ongoing learning opportunities and intergenerational programming Minneapolis, Minn. – June 1, 2020 – Oppidan Investment Company, a national property development firm headquartered in Excelsior, Minn., and Ebeneze…
05.23.2020
Good Times
92-Unit Senior Housing Project Proposed Near West Cliff Development proposed for Catholic church’s backyard A developer has submitted plans for a 92-unit senior housing project, near West Cliff Drive in Santa Cruz. The proposed project would be on 126 Eucalyptus Ave., close to the intersection of Eucalyptus and Pelton avenues. The development would sit on the rear portion of the Oblate…
04.16.2020
Hermantown Senior Living Project gets Final Approval A developer has received final approval to bring 110 new senior living units to Hermantown in 2022. The City Council signed off on The Pillars of Hermantown last week, allowing Twin Cities developer Oppidan to move forward with the three-story project at the corner of Maple Grove and Lavaque roads. Construction at the 10-acre site is sched…
03.05.2020
Oppidan promotes two employees to top roles; adds Vice President of People and Culture Positions Oppidan effectively to manage industry growth Minneapolis, Minn. – (March 5, 2020) – Oppidan Investment Company, a national property development firm headquartered in Minneapolis, Minn., continues its expansion with the promotion of two employees and the addition of Vice President of …
02.11.2020
Water Street Partners purchases Wayzata office building | Third acquisition in Water Street Partner’s first fund Minneapolis – (February 11, 2020) – Twin Cities-based Water Street Partners, LLC, has closed on the purchase of 800 Wayzata Boulevard, in Wayzata, MN, for $3,600,000. The property includes a 21,000 square foot Class B office building and three levels of parking. En…
02.05.2020
Oppidan is the First Developer to Offer WellnessVR, a Virtual Reality Experience for its Pillars Senior Communities MINNEAPOLIS, MN–Oppidan Investment Company, a national property development firm headquartered in Minneapolis, MN, has partnered with Minnesota-based Visual to bring the latest virtual reality technology to more than 400 older adults living in independent living, assisted l…
01.10.2020
STARR power: Retail projects honored Unconventional grocery stores, shops and restaurants at the Minneapolis-St. Paul International Airport and new suburban retail space were some 2019 retail projects that set the tone for the year. The Minnesota Shopping Center Association on Dec. 3 recognized 15 projects and three individuals with awards at its 2019 Shopping Center Tribute Awards for Retail…
01.06.2020
Oppidan News
With business booming, Oppidan expands into North Carolina; hires local broker, Tim Brent, to manage Southeast office Oppidan working on two multifamily deals in West Raleigh and Cary Minneapolis, Minn. – (January 6, 2020) – Oppidan Investment Company, a national property development firm headquartered in Minneapolis, Minn., has expanded its operations into the Triangle Region and…
12.16.2019
AARP
Older Adults Are Thriving in Minneapolis' Diverse Communities Neighborhoods are transforming to become more accessible by Pamela Schmid, AARP, December 2, 2019 In 2014, Lucy Galbraith relocated from Austin, Texas, to the notably cooler climate of Minneapolis, a move she called “invigorating.” Living in central Texas “was not healthy for me because I wasn't outside,&rdqu…
12.02.2019
Twin Cities Business Journal
Oppidan CEO and owner, Joe Ryan, is included in Twin Cities Business magazine's "100 People to Know" list, now available in the December issue. https://www.pageturnpro.com/Twin-Cities-Business/92825-Twin-Cities-Business-December-2019/sdefault.html#page/69
11.13.2019
Just Sold: Oppidan enters crowded self-storage market Editor’s note: “Just Sold” is a Finance & Commerce feature based on certificates of real estate value recently filed for commercial transactions and significant residential transactions in Twin Cities counties. Additional details in the transactions come from Plat Research, the Minnesota Secretary of State’s Of…
10.16.2019
Prevost Partners, Inc.
Oppidan rebrands senior living communities to emphasize its commitment to enriching the lives of those living with memory loss Oppidan has pledged $500,000 to-date to finance the Pillars Fund Excelsior, Minn. – (October 16, 2019) – Oppidan Investment Company, a national property development firm headquartered in Excelsior, Minn., has rebranded its senior living communities in the…
10.08.2019
West St. Paul to consider Oppidan apartments When your city is only about 5 square miles, you have to make the land you have count. West St. Paul is eager to get part of the former city-owned Thompson Oaks golf course under development and on the tax rolls. To do that, it has turned to Excelsior-based Oppidan, which has a development agreement for a 5.5-acre site on the west side of the Thomp…
08.15.2019
MPR News
Developers see plenty of growth in senior housing market Sally and Tom Kopacek are walking through the lobby of Applewood Pointe, pointing out the many amenities that attracted them to the Eagan senior living cooperative. There's the library filled with books brought by residents of the newly built 96-unit building; there's a large party room with a full kitchen, televisions and tables; there…
08.14.2019
How Joe Ryan diversified Oppidan from just developing retail Oppidan Investment Co. spent its first two decades buying land, building retail on the land and then selling the parcel. Then the recession hit and founder and CEO Joe Ryan shifted the way the Excelsior-based developer does business. Today, Oppidan has become much more diversified, with about half of its projects in senio…
07.24.2019
Excelsior Firm Introducing VR Tech in Senior Living Facilities Oppidan Investment Co. has partnered with Minneapolis-based virtual reality company Visual to bring VR experiences to residents of three of its elder care facilities. Excelsior-based property development firm Oppidan Investment Co. on Wednesday announced plans to roll out VR tech at three of its elder care facilities. The f…
Virtual reality lets seniors travel without leaving home VR technology engages memory-care patients as entertainment and therapy. A stream wound through a forest with snowy mountains beckoning in the background. The water looked so refreshing that Kathy Boone wanted to dip a toe in, so she kicked off a shoe. “Whoo, I love it!” said Boone, 68. “Anybody else want to go …
06.19.2019
The Free Press
Restaurants, senior housing among new local developments MANKATO — The growth in senior housing options continues to expand, with The Pillars of Mankato now open on the city's east side. Stacy Wihlm, executive director, said they have a total of 118 apartments, 20 for memory care and 98 independent and assisted living units. "You can come in as an independent living and we bring servic…
06.03.2019
Hines sells historic North Loop office building to local investor One of the early North Loop warehouse-to-creative office conversions has sold to a local investor for $9.25 million. Water Street Partners of Excelsior said Wednesday it bought the 70,000-square foot Union Plaza building at 333 N. Washington Ave. in an off-market sale. Hines Interests is the seller. The Houston-based real esta…
Press Releases
05.08.2019
The Shelby Report
New Cub Store Anchors Apartment Development In Minneapolis A new Cub store is being planned to anchor a new apartment development in the Longfellow neighborhood in Minneapolis. The new 46,000-s.f. Cub store is being built at 46th and Hiawatha Avenue in Minneapolis. Scheduled to open this spring, the new urban grocery store will anchor a five-story, 148-unit apartment development by Excelsior-…
05.07.2019
LBM Journal
Memphis, Tenn. — Central Network Retail Group (CNRG), a multi-format, multi-brand retailer currently operating 104 hardware stores, home centers and lumberyards throughout 14 U.S. states, announced plans to open seven stores in California, all in locations formerly operated by Orchard Supply Hardware. For these stores, CNRG will create a new brand called Outdoor Supply Hardware. This wil…
05.06.2019
Lake Minnetonka Magazine
Inspired by Family, Local Developer Gives Back to Seniors Joe Ryan’s worldview is simple: leave the world better than you found it. As the CEO and owner of Oppidan Investment Company, a national property development firm based in Excelsior, Ryan knows he—and Oppidan—can make a real difference in the communities they serve. Ryan grew up in Hibbing, Minn. before attending the…
05.01.2019
Cub Foods opens first urban-format store this week — but will there be another? Cub Foods this week opens its first small-scale store in Minneapolis, a concept tailored for urban neighborhoods and with a focus on prepared foods and quick-service items. The Star Tribune reports on the last-minute preparations for the new store, which is opening on the ground floor of a mixed-use developm…
04.29.2019
Bring Me The News
First-of-its-kind mini Cub Foods opens this week in Minneapolis This Cub will have a walk-up window to order coffee and ice cream. The first-of-its-kind mini Cub Foods store opens this week, with three days of freebies, shows and deals to entice customers. Cub Minnehaha, located along 46th Street between Hiawatha and Minnehaha avenues in Minneapolis, opens to the p…
AM1100 The Flag
Hornbacher’s Celebrates Grand Opening of First Store in West Fargo Oppidan Investment Company, a national property development firm headquartered in Excelsior, Minn., will celebrate the grand opening of the new Hornbacher’s in the Gateway West development in West Fargo. The community is invited to the grand opening celebration at 10 a.m. on Monday, April 29 at the Gateway Wes…
Q&A: Hastings ‘back to the transaction’ with Oppidan By: Matt M. Johnson Just as Blake Hastings started thinking about making a major career move in 2017, a cancer diagnosis brought more change to his life than he could have imagined at the time. Hastings, now 39, had been the managing director of CBRE’s Minneapolis office since January 2013. Just over four years in…
04.23.2019
Presbyterian revives Eden Prairie housing plan A proposed mixed-use housing development Presbyterian Homes put on the back burner during the recession could soon bring hundreds of apartments, as well has hotel rooms, to Eden Prairie’s commercial center. Wayzata-based Presbyterian, along with Twin Cities developers Timberland Partners and Oppidan, is proposing to redevelop a 19.75-acre…
04.15.2019
Napa Valley Register
Seniors living complex with baseball views rising in north Napa If its future residents happen to like baseball, then those living at Napa’s new Watermark retirement living community should like the view from the third floor. With some apartments overlooking the baseball field at Justin-Siena High School, anyone who lives on the south end of the complex will have ready-made seats …
03.18.2019
U of M Alumni Association to Partner on Senior Housing Project A new partnership with Excelsior-based Oppidan will give senior citizens another shot at living the college campus life. Oppidan’s 283-unit Pillars of Prospect Park senior living project at 22 Malcolm Ave. SE, just off the University of Minnesota’s campus, is scheduled to open in the first quarter of 2020. On Thursday,…
U of M alumni group teams with Oppidan, Ebenezer on Prospect Park senior housing The University of Minnesota Alumni Association is partnering with two companies on a new $85 million senior living center near campus, aiming to give residents another taste of the "U of M lifestyle." Finance & Commerce reports on the announcement by the alumni group on its team-up with Excelsior-based Oppida…
03.12.2019
SW News Media
Tennant to buy Eden Prairie office space, create new HQ with 500 employees Cleaning equipment manufacturer Tennant will be expanding to Eden Prairie in the first half of 2020, the company’s communications director told Eden Prairie News. Tennant’s headquarters are currently in Golden Valley, 12 miles from its future home at 3 Capital Drive. The company has been looking for a…
02.07.2019
MJP Strategic Communications
Oppidan celebrates record breaking year in 2018 105 percent increase in activity year-over-year Minneapolis, Minn. – (February 5, 2019) – Oppidan Investment Company, a national property development firm headquartered in Excelsior, Minn., experienced a 105 percent increase in activity year-over-year, including transactions valued over $450M from 80 projects covering 4.9 million squ…
01.15.2019
Largest Real Estate Developers in the Twin Cities Ranked by Metro square feet developed, 2016-2018 Locally Researched by: Nick Halter, Minneapolis / St. Paul Business Journal Jan 11, 2019, 5:00am CST The Business Journal surveyed developers with offices in the Twin Cities 24-county metro area to compile this list. It is ranked by square feet of commercial, mixed-use and/or multifamil…
01.09.2019
Just Sold: Oppidan buys downtown Hopkins stores By: Anne Bretts January 9, 2019 7:00 am Editor’s note: “Just Sold” is a Finance & Commerce feature based on certificates of real estate value recently filed for commercial transactions and significant residential transactions in Twin Cities counties. Additional details in the transactions come from Plat Research, the Min…
12.10.2018
Top 100 People to Know in 2019 - Blake Hastings | Overachievers Blake Hastings led the local office of CBRE Group Inc., the world’s largest commercial real estate services firm, for nearly six years; Los Angeles-based CBRE is a global operation with a large local presence of more than 225 real estate pros here. Hastings made a big change this fall, joining Excelsior-based Oppidan as the …
10.23.2018
MN Real Estate Journal
Project to be completed in summer of 2019; now accepting housing reservations Minneapolis – (October 2, 2018) – Oppidan Investment Company, a national property development firm headquartered in Excelsior, Minn., today announced the name and additional details of its mixed-use development at the corner of 46th and Hiawatha. Its new name – Lowa46 – is a blend of Longfello…
10.16.2018
Blake Hastings leaving CBRE for Oppidan Blake Hastings, who has led the CBRE Minneapolis office for the past six years, is leaving the brokerage to become president of Excelsior-based Oppidan Investment Co. In an interview, Hastings said it’s a bittersweet day for him because of the opportunity CBRE gave him, but he wanted the chance to grow professionally and get back into the…
10.15.2018
Blake Hastings Joins Oppidan Investment Company as President Brings strong background and wealth of industry experience to the team Minneapolis – (Oct. 15, 2018) – Oppidan Investment Company, a national property development firm headquartered in Excelsior, Minn., today announced it has hired Blake Hastings as President, effective November 1, 2018. Oppidan Founder and Owner, Joe Rya…
08.21.2018
Check out Minnesota Real Estate Journal July issues. We are in the cover article! July Issue - MN Real Estate Journal
07.17.2018
Developer Oppidan Investment Co. broke ground Monday on a 283-unit, 340,000-square-foot senior housing community in the Prospect Park neighborhood of Minneapolis. The $85 million project, called The Pillars of Prospect Park, will stand 10- and six-stories high at different points and have 120 underground parking spots. The ground floor will accommodate 1,900 square feet of retail space a…
07.10.2018
Four redevelopment proposals for a sliver of city-owned land in Downtown East will have Minneapolis officials mulling two office building proposals, condominiums, and a mixed-income apartment building with a bowling alley and one level of office space. Developers Sherman Associates, AECOM, the 45 North Group and Oppidan each submitted project concepts in response to a request for proposals f…
06.13.2018
The largest senior living operator in Minnesota is pushing forward with new intergenerational projects meant to foster interaction between older adults and kids, exemplifying a rising industry trend. Ebenezer is working with developer Oppidan Investment Company on a 283-unit independent living, assisted living and memory care community on the provider’s home turf of Minneapolis. As plann…
06.04.2018
Minnesota Daily
The Pillars of Prospect Park will help the University of Minnesota combat childcare shortages while employing students. A new senior-living complex in Prospect Park beginning construction this week aims to fill a gap in childcare shortages while employing University of Minnesota students. The Pillars of Prospect Park will offer multiple senior-living options — including independent liv…
05.21.2018
Twin Cities Pioneer Press
Donations have memory-care patients singing, dancing, telling stories Earlier this year, Joe Ryan heard his sister sing karaoke for the first time. His sister is in the early stages of dementia and lives in a seniors community near Lake Minnetonka. “She was as happy as she’s been in a few years,” Ryan said. When Ryan’s mother was struggling with dementia a few …
05.16.2018
It’s been 14 years since trains started running on the Blue Line, and the South Minneapolis corridor is starting to look like government officials hoped it would. There’s nearly $300 million worth of development and 1,000 units of housing either under construction or in the pipeline along the 5-mile stretch of the Blue Line between Lake Street and Fort Snelling. That’s not …
05.14.2018
A groundbreaking ceremony was held on Wednesday on the northeast corner of the Justin-Siena High School campus for a senior housing development with 173 apartments. The project, which is expected to open in the first quarter of 2020, is a “win-win,” Napa Mayor Jill Techel said. The project will provide the community with needed housing, with the high school receiving revenue …
Last week, we reported about a huge new apartment and condo project that will surround a 99-year-old former factory building in Minneapolis’ Prospect Park neighborhood. In that story, our list of other projects happening in that area left out a big one: the Pillars at Prospect Park, Oppidan Investment Co.’s senior living community at 22 Malcolm Av. SE. With 283 apartments and a …
05.04.2018
Oppidan to Break Ground on Gateway West Mixed-Use Development Includes first Hornbacher’s store in West Fargo; new Holiday Stationstore Oppidan Investment Company, a national property development firm headquartered in Excelsior, Minn., will break ground next week on its Gateway West development in West Fargo, ND. The groundbreaking celebration will be held at 11 a.m. on Thursday, May 10…
05.02.2018
Oppidan to Break Ground on New Senior Living Community Community input provides critical support for development Minneapolis, Minn. – (May 1, 2018) – The citizens of Napa have shared their desire for a senior living option befitting the Napa Valley and we have listened. Oppidan Investment Company, a national property development firm headquartered in Excelsior, Minn., will break g…
Oppidan to Break Ground on Prospect Park’s First Senior Living Community Will include intergenerational programming to benefit University of Minnesota students, children and “grandfriends” Minneapolis – (May 2, 2018) – Oppidan Investment Company, a national property development firm headquartered in Excelsior, Minn., will break ground on the first senior living…
04.09.2018
Within two years, the fields in north Napa where high school athletes played for more than a quarter century are set to become home to more of the city’s older residents. Construction is about to begin on a 173-room senior living center at the former softball fields in the northeast corner of Justin-Siena High School, a developer said Tuesday. Oppidan Investment Co. of Excelsior, M…
04.06.2018
Oppidan begins work on Cub-anchored project in Minneapolis It's the latest on a long list of developments shaped by the light-rail system. By Jim Buchta Star Tribune Excelsior-based Oppidan Investment Co. broke ground last month on its apartment and retail project along the light-rail line in Minneapolis that will be anchored by Cub Foods’ first small urban stor…
03.15.2018
Mary Prevost, MJP Strategic Communications
Minneapolis – (March 15, 2018) – Oppidan Investment Company, a national property development firm headquartered in Excelsior, Minn., broke ground today on a transit-orientated, mixed-use development. The development will include 148 market-rate apartments, a 45,000 SF grocery store, 3,000 SF of small-shop retail, and a large public plaza. Additionally, the development serves as the…
03.08.2018
StarTribune
Cub will open its first small, urban concept grocery store in 2019 Supervalu’s retail division is the latest to follow a popular retail trend — creating smaller stores. The Eden Prairie-based company announced Wednesday that it will build a new urban concept Cub grocery store at E. 46th Street and Hiawatha Avenue in Minneapolis. The 46,000-square-foot store, about half the…
03.06.2018
Exclusive: Supervalu opening new urban-format Cub in Southeast Minneapolis development Supervalu Inc. (NYSE: SVU) has signed on to open a new small-format Cub Foods near Minnehaha Park in South Minneapolis. The grocery store — scheduled to open in spring 2019 — will take up 46,000 square feet in the ground floor of the five-story Oppidan Investment Co. mixed-use development,…
02.20.2018
Brainerd Dispatch
Biz Buzz: Retail building added to Gander plans - Earlier development plan back on the front burner BAXTER—Plans have changed for the redevelopment of the Gander Mountain site in Baxter, meaning a second building is back in the mix. Tom Ryan, from Oppidan Investment Co. which owns the site, was at a Baxter Planning and Zoning Commission meeting last week. Oppidan and the developers for …
02.15.2018
Star Telegram
Store that famously fights 'plumber's butt' is opening stores in Arlington and Denton Read more here: http://www.star-telegram.com/news/business/article199656259.html#storylink=cpy Arlington - The "Buck Naked Nation" is about to arrive in the Dallas-Fort Worth area. Duluth Trading Company, known for its clever advertising that touts the comfort of its buck naked underwear and T-shirts t…
02.14.2018
Oppidan Starting Development of Prospect Park’s First Senior Living Community Will include intergenerational programming to benefit children and “grandfriends” Minneapolis – (February 13, 2018) – Oppidan Investment Company, a national property development firm headquartered in Excelsior, Minn., is developing the first senior living community in the Prospect Park …
02.12.2018
Oppidan Investment Company
The Pillars Fund acted at the Ebenezer Care Center Adult Day Program last week bringing the MN zoo’s Zoomobile to their site. The Minnesota Zoomobile and its team travel to schools and communities throughout Minnesota providing an educational and entertaining environmental experience wherever they go. The Zoomobile worked with Ebenezer residents, Memory Care Unit in the Care Center, and A…
01.24.2018
Mankato Free Press
MANKATO — Minneapolis-based Oppidan has joined the booming senior housing market in Mankato as it begins construction on a 118-unit senior living community in the Prairie Winds development along Highway 22 on the east edge of town. Paul Tucci, vice president of development for Oppidan, said the company has done a few commercial projects in Mankato, including the hilltop Cub and renovatin…
01.22.2018
Lakeshore Weekly News
SHOREWOOD — Charlie Jerabek, a resident of Shorewood Landing Senior Living, had lived in Montana for decades before deciding to move home to his native city of Shorewood for senior care. “I thought to myself: Why not go back to where everything started?’” Jerabek said. His grandparents had lived on Christmas Lake, his family was buried close by, and he was …
01.19.2018
Sun Patriot Newspapers
You are cruising into town on a cold winter day. On your left is a new Jimmy John’s, a Culver’s and a new Holiday gas station. Up ahead, there’s a Dollar Tree, a Starbucks, a Sports Clips and other new commercial facilities. A new Subway and an ALDI market are under construction, and a couple of “Coming soon” signs are prominent as you pass through town. You&rsquo…
01.17.2018
Oppidan Starting Development of New Mankato Senior Living Community Broke ground today; project to be completed in early 2019 Mankato, Minn. – (January 16, 2017) – Oppidan Investment Company, a national property development firm headquartered in Excelsior, Minn., broke ground today for the development of the Mankato’s newest senior living community. Construction is expected …
01.02.2018
Like many seniors, Paula Amundson won’t get to be with family for most of the holiday. She lives in St. Paul, far from the rest of her kin. But on Friday, Amundson received an unexpected gift from “Santa”: a large blanket, some stationery, candy and more. It was a gesture from an anonymous member of the community to show a little extra cheer over the holiday season. And Amund…
12.05.2017
Construction completed on North Market in North Minneapolis Grand opening scheduled for December 13 MINNEAPOLIS – (DECEMBER 5, 2017) – Oppidan Investment Company, a national property development firm headquartered in Excelsior, Minn., has completed the redevelopment of the North Market grocery store, located at 4414 Humboldt Ave. N. in Minneapolis. Construction began in June 2017 …
11.17.2017
Boosted by the strength of the local economy, investor demand, senior housing and other key criteria, the Twin Cities metro area earned the No. 1 ranking as the Midwestern commercial real estate market with the best outlook heading in 2018, according to a new survey. Nationally, the Twin Cities area was slotted at No. 25 in the annual Emerging Trends in Real Estate report issued last week by t…
11.01.2017
MN Snapshot: Rochester developer tests Mankato market By: Anne Bretts October 26, 2017 7:00 am Editor’s note: Minnesota Snapshot reports interesting sales and development projects happening throughout Minnesota. The transactions are based on the certificates of real estate value filed with the state Department of Revenue, copies of which are available with the story here. …
09.21.2017
West Fargo Pioneer
WEST FARGO—After the city tried for years to develop what was long dubbed the "Strawberry Patch" in the northwest corner of Sheyenne Street and Interstate 94, West Fargo's first Hornbacher's grocery store will soon find a home there. Oppidan Investment Co. plans to break ground this fall on 15.5 acres of land that will become home to a nearly 61,000-square-foot Hornbachers store th…
08.16.2017
MHN Multi-Housing News
The Senior Housing Boom’s Ripple Effect Assisted living occupancy fell to its lowest in eight years, despite record absorption, according to NIC’s 2017 second quarter report. San Jose had the highest occupancy, while Detroit recorded the biggest rent growth by Ariela Moraru | Aug 15, 2017 Demand for senior housing will more than double between now and 2040, according to t…
08.04.2017
Discount grocer Aldi has its sights set further west for another Minnesota location. The German retailer wants to open a 22,000-square-foot store in Waconia at the southeast corner of Highway 5 and W. 10th St., according to documents submitted to the city. Excelsior-based Oppidan Investment Co. purchased the 1.8-acre parcel of land in March and will work with Aldi to develop the store. Constr…
07.12.2017
Oppidan Investment Co. will add a restaurant run by James Beard Award nominee Erick Harcey to its south Minneapolis mixed-use development. The restaurant would be part of a five-story mixed-use development proposed by Excelsior-based Oppidan at 46th Street and Hiawatha Avenue, a few blocks from Minnehaha Park. The Business Journal wrote about the project, which also includes 150 apartments and…
04.10.2017
Developers can’t seem to build senior housing fast enough and they can’t seem to build in Prospect Park fast enough. Oppidan Investment Co. is doing both in one project. The Excelsior-based developer has submitted plans for a 285-unit senior housing complex that will stand six and 10 stories at the corner of University and Malcolm avenues. The ground floor would have a 6,200-squar…
03.29.2017
Retail Developer Oppidan Pursues $400 Million Senior Housing Pipeline March 29, 2017 by Tim Mullaney This coverage of the 2017 National Investment Center for Seniors Housing & Care Spring Investment Forum is brought to you by Mainstreet. As the nation’s largest developer of transitional care properties, Mainstreet specializes in real estate development, value investments and hea…
03.07.2017
The Red Rock Senior Living complex, a facility built by Oppidan Investment Co. two years ago in Woodbury, has been sold to an Ohio-based investment firm that specializes in seniors housing, assisted living and medical offices. Finance & Commerce reports on the $22 million deal between Excelsior-based Oppidan and EPC Woodbury, which is affiliated with Toledo, Ohio-based Welltower Inc. Wellt…
08.11.2016
Anderson Companies
Senior living has been on the rise in the Twin Cities over the last three years. It comes as little surprise; baby boomers aren’t only downsizing, they’re considering and planning for how their needs will evolve as they age. But breaking from the tradition of fleeing to other climates, large numbers of boomers/seniors want to continue living in the communities in which they have wel…
07.21.2016
The developer behind a senior home planned for Justin-Siena High School property in north Napa has shared new details about its project – including a goal of breaking ground next year. Construction of the 174-unit Napa Senior Housing is planned to begin in early 2017, Patty Gibbs, spokeswoman for Oppidan Investment Co., said in a news release. The Minnesota-based builder has pursued plan…
06.09.2016
White Bear Press
WHITE BEAR LAKE — Construction is on schedule for White Bear Heights Senior Living on Centerville Road. At least for now. “I’m knocking on wood as I say that,” said Oppidan’s vice president of development, Paul Tucci. Like most construction projects, progress on the senior facility, which lies in the shadow of the water tower across from Cub Foods, is weather-de…
04.21.2016
Sheridan County Journal Star
By Jordan Huether Several meetings were held on a momentous Thursday evening in Gordon, Nebraska – the results of which would determine whether or not Gordon would soon be home to a new Shopko store. At 5 p.m., the Gordon Planning Commission met to decide whether or not to recommend that the city council declare a section of land, which includes the old Bomgaars building, substandard an…
04.11.2016
Sun Sailor
The Shorewood City Council approved concept and development stage plans at the March 28 meeting for the Oppidan Shorewood Senior Living project on Chaska Road and Highway 7 under the provision that traffic and lighting concerns will be addressed. “I think the project is needed,” said Shorewood Mayor Scott Zerby. “I hear from residents almost everyday looking for somewhere for…
02.02.2016
Finance and Commerce
y: Hank Long Hank Long February 2, 2016 2:04 pm 0 Excelsior-based Oppidan is partnering with Kowalski’s Market to build the grocer a new 25,000-square-foot store in Shoreview. Oppidan will redevelop the former Rainbow Foods site at 441 Highway 96. Kowalski’s will own the 10.6-acre site, which it will purchase from Oppidan upon completion, the developer said last week in a prepare…
01.15.2016
Construction: In process Oppidan Investment Company Begins Construction on Minn. Community National developer Oppidan Investment Company and not-for-profit senior care provider Ebenezer are well underway on construction for White Bear Heights Senior Living in White Bear Lake, Minn. At 138,000-square-feet, the White Bear Heights community will consist of 113 units, including 36 independent li…
45 Broadway Ave. N., Cokato 1400 First Ave. E., Cambridge The strength of the economy can be seen in new retail construction throughout the Twin Cities, but retailers also are turning attention to smaller markets. For example, Excelsior-based Oppidan is working with Green Bay, Wisconsin-based Shopko to bring the retailer’s new, smaller format Shopko Hometown stores to communities in Min…
12.16.2015
Larkin Hoffman
Oppidan Investment Company received the Minnesota Shopping Center Association’s STARR award for the best retail redevelopment project of 2015. The Excelsior-based development company was recognized for its mixed-used development, Excelsior Marketplace, located at 440 Water Street in Excelsior. The development includes a Kowalski’s Market store, Oppidan’s new corporate office,…
Minneapolis|St. Paul Business Journal
The newest Cub Foods store has more seafood, a larger hot foods bar and a sleeker look. It also has the largest liquor store you’ll find attached to any Cub Foods store. The 61,000-square-foot White Bear Lake grocery store opened Tuesday morning in the redeveloped Kmart site at Interstate 694 and White Bear Avenue. It's the 79th Cub Foods store in Minnesota. Next door is Cub’s 15…
11.18.2015
Minnetonka-based Oppidan has secured tenants for a 6,040-square-foot building it is constructing for theWhite Bear Marketplace redevelopment project at the former site of a Kmart store in White Bear Lake. Starbucks, Great Clips and Pacific Dental will occupy a building that will complement future anchor tenants Cub Foods, Planet Fitness and Northern Tool, the developer said in a prepared state…
10.15.2015
Emmetsburg Reporter Democrat
by Dan Voigt , Emmetsburg News Following the closure of the ALCO?store in Emmetsburg at the end of 2014, the community has had to adapt to one less retailer in the community and the loss of employment for several local residents. However, officials of a Minneapolis-based property development firm made a major announcement affecting Emmetsburg on Monday, Oct. 12. National property dev…
09.28.2015
National property development firm Oppidan Investment Company is developing a new Goodwill store in Winona, Minnesota, and another in New Richmond, Wisconsin. Construction on the Winona store, which is located at 1450 Gilmore Ave. on the site of the former Sterling Motel, began in mid-August and is expected to be complete by February of 2016. Construction on the New Richmond store, which will …
09.25.2015
Winona Daily News
Oppidan Investment Company announced Friday that it plans to open a new Goodwill store in Winona by early next year. The company, which purchased the former Sterling Motel on Gilmore Avenue near Hwy. 61, demolished the hotel and began construction on the store last month. The facility will be 17,500 square feet and will include a retail store and a drive-through drop-off donation center, the …
MinnPost
It wasn’t an impossible assignment. It just seemed that way. The St. Paul Port Authority was asked to buy an abandoned mid-century department store in the heart of downtown. It then had to shift gears after Plan A — demolition — proved too pricey. Instead, it would have to search for a developer and new tenants for a homely, windowless box that was built for a different use, …
09.24.2015
TwinCities.com - Pioneer Press
The board of the St. Paul Port Authority's nonprofit subsidiary has voted to enter into a joint partnership with a developer to ready the vacant Macy's Department Store building downtown for commercial tenants. A few steps remain before Capital City Properties' redevelopment agreement is official, but Oppidan Investment Co. is expected to close on the deal in early 2016. The Port Authority wo…
09.21.2015
Woodbury Bulletin
Red Rock Senior Living of Woodbury has been open for ten weeks, but only about half of the 77 apartments there have been filled to date. But that’s okay with Executive Director Jackie Juan. See, after months of construction and preparation for the opening, she’s simply happy to have residents calling Red Rock Senior Living home. “It’s so nice to hear laughter and to …
By Kristen Leigh Painter Star Tribune The Macy’s building whose closure 2 ½ years ago put a drag on St. Paul’s reviving downtown was jolted back to life Friday. The St. Paul Port Authority, the building’s overseer, named Oppidan Investment Co. to be master developer of a remodeling that would turn the old Macy’s into the practice site of the Minnesota Wil…
Excelsior-based Oppidan Investment Co. has been chosen to redevelop the old downtown Macy's site in St. Paul. The plan includes a Minnesota Wild practice facility. Details are expected later this afternoon, but he board of the St. Paul Port Authority, the city's development arm, is scheduled to vote on the development agreement at its meeting Tuesday. Officials expect the building to house be…
09.18.2015
By: Karlee Weinmann September 18, 2015 Retail specialist Oppidan Investment Co. will partner with the St. Paul Port Authority on its $60 million redevelopment of a shuttered downtown Macy’s store. The parties are still fine-tuning joint venture terms but Port Authority spokesman Tom Collins said Friday that Excelsior-based Oppidan would finance 90 percent of the project. The Port Autho…
09.15.2015
After many years in Minnetonka, Oppidan Investment Co. is now officially installed in its brand-new downtown Excelsior headquarters. The company occupies the second floor of the new mixed-used building at 400 Water St., which is twinned with a new Kowalski's grocery store across the parking lot. Japanese restaurant Miyabi is on the first floor and a hair salon will soon move in. Repurposed ba…
08.20.2015
By: Brian Johnson August 20, 2015 4:05 pm 0 Demolition of a warehouse will take five to six weeks before construction can start on the new Vicksburg Marketplace in Plymouth. A new retail development with a Fresh Thyme grocery store, Goodwill store and Starbuck’s is coming to the southeast corner of Highway 55 and Vicksburg Lane in Plymouth, one of the city’s busiest intersectio…
08.13.2015
Hundreds turned out for the grand opening of Excelsior’s newest grocery store, Kowalski’s Market and Wine Shop on July 29. The 10th Kowalski’s store, it is the first to debut the company’s small store plan. “This store is a different kind of store for us because it is smaller, but it turned out amazing,” said store-manager Max Maddaus. The store has an ext…
08.03.2015
There’s more than academic preparation required to be successful in college. Thus, Minnetonka High School held its first-ever women’s self-defense course July 20. The event was held at Minnetonka High School and enrolled more than 150 women. The class was attended by Minnetonka High School mothers and daughters. Minnetonka High School mother Colleen Fischer and daughter Abby, who …
07.21.2015
Fianance & Commerce
By: Adam Voge July 20, 2015 3:56 pm 0 Developer Oppidan Investment Co. has completed its headquarters move from Minnetonka to Excelsior, the company announced Monday. Oppidan’s new space is about 9,000 square feet on the second level of its own Excelsior Marketplace development at Walter Street and George Street in downtown Excelsior. That’s about 4,000 square feet larger than its…
07.16.2015
By: Karlee Weinmann July 15, 2015 1:52 pm 0 The costs tied to a grocery store rehabilitation project in North Minneapolis remained in focus at a Hennepin County Board meeting Tuesday. Hennepin County Commissioner Jan Callison flagged a report about the price tag swelling from $5.5 million to $6.3 million for development costs and the first year of operations at 4414 Humboldt Ave. N, near th…
PR Newswire
SAN FRANCISCO, July 14, 2015 /PRNewswire/ -- The first Orchard Supply Hardware® (OSH) in the city of San Francisco is now officially open at 2598 Taylor St. in North Beach near Fisherman's Wharf. The award-winning home maintenance retailer has customized this location to cater to apartment dwellers and smaller space living, and will offer an array of services at its Workbench, including key…
Four years after floating a shopping center proposal that riled traffic-weary neighbors, Justin-Siena High School is switching gears. The private academy in north Napa announced Wednesday morning it will shelve its planned retail center – which originally called for the city’s first Lowe’s hardware superstore – in favor of a senior residential center near Solano and Tro…
07.08.2015
Minnetonka-based Oppidan Investment Co. is nearly done with its 33-unit Wooddale Flats condominium project in St. Louis Park, and most of the units are already sold. Oppidan said in a press release Wednesday that it’s nearing completion of the project’s first phase, which consists of four six-unit condo buildings. One of the buildings is complete and fully occupied already, while …
06.24.2015
Former Supervalu executive Jim Hornecker Hornecker will help expand Oppidan’s grocery and retail business. Oppidan hires Jim Hornecker By: Adam Voge June 24, 2015 Plymouth-based Oppidan Investment Co. has hired former Supervalu executive Jim Hornecker as its new retail development consultant, the developer announced Wednesday. Hornecker, who spent the last eight years with Supervalu …
06.15.2015
Real Estate Journals
National property development firm Oppidan Investment Company has obtained City Council approval to move ahead with a 49,600-square-foot retail development at 15831 Highway 55 on the southeast corner of Vicksburg Lane and Highway 55 in Plymouth, Minnesota. Vicksburg Marketplace, which will sit on 6.55 acres, will include a 27,000-square-foot Fresh Thyme Farmers Market, a 20,600-square-foot Good…
05.22.2015
Type: Retail Size: 50,188 square feet Area: 6.6 acres Developer & architect: Oppidan Investment Co. Details: The third Twin Cities-area Fresh Thyme Farmers Market grocery would anchor a new retail development now under consideration for the southeast corner of Hwy. 55 and Vicksburg Lane in Plymouth. As proposed by Oppidan Investment Co. of Minnetonka, Fresh Thyme is slated for a 27,000…
05.21.2015
National property development firm Oppidan Investment Company’s Excelsior Marketplace retail development in Excelsior, Minnesota, is nearing completion. Excelsior Marketplace is a retail and office development located on the former Mason Motors, Inc. site at Water and George Streets in downtown Excelsior. Last fall, Oppidan announced that a Kowalski’s Market grocery store would be b…
05.01.2015
Minneapolis St. Paul Business Journal
Oppidan Investment Co. may scale back its mixed-use development project in St. Louis Park, which will be anchored by a Fresh Thyme Farmers Market. Finance & Commerce has a report on the project, which was first reported by theBusiness Journal back in December, along with updates on other projects around the nearby Excelsior & Grand complex. Oppidan wants to raze a vacant Bally Total F…
Grocery store, apartments may pop up in St. Louis Park Oppidan Investment Co. is moving forward with its plans to tear down the former Bally Total Fitness near St. Louis Park’s Excelsior and Grand and replace it with apartments and a grocery store. The project, at 4900 Excelsior Blvd., will include 177 apartment units and a 280,000-square-foot retail space on the ground floor that wi…
04.29.2015
by Debra Neutkens/Regional Editor WHITE BEAR LAKE — Both company bigwigs and city officials were on hand April 22 for the White Bear Marketplace groundbreaking. Cub Foods President Mike Stigers said a few words before picking up a shovel at the former Kmart site. He thanked the city for “having us here” and told those attending that the new supermarket on White Bear Avenue …
04.21.2015
Minneapolis/St.Paul Business Journal
Fresh Thyme Farmers Market to anchor Plymouth redevelopment Apr 21, 2015, 6:53am CDT Nick HalterStaff reporter-Minneapolis / St. Paul Business Journal A fourth planned Fresh Thyme Farmers Market in the Twin Cities is slated to anchor a Plymouth redevelopment project. Oppidan Investment Co. has submitted plans to redevelop the southwest corner of Highway 55 and Vicksburg Lane. The Minneton…
03.25.2015
Clare KennedyStaff reporter-Minneapolis / St. Paul Business Journal Downtown Excelsior will soon be home to a new restaurant specializing in Asian fusion and Japanese steakhouse fare. Miyabi is a new restaurant concept by Nick Chong, said Patty Gibbs, a spokesperson for landlord Oppidan Investment Co. The 3,200-square-foot restaurant at 400 Water St. is slated to open this summer. The eate…
By: Anne Bretts March 25, 2015 7:05 am 0 Editor’s note: “Just Sold” is a Finance & Commerce feature based on certificates of real estate value recently filed for commercial transactions and significant residential transactions in Twin Cities counties. Additional details in the transactions come from Plat Research, the Minnesota Secretary of State’s Office, company d…
02.09.2015
Minnetonka-based Oppidan Investment Co. will redevelop the former Kmart in White Bear Lake into a Cub Foods, the developer announced Monday. Oppidan’s project, referred to as White Bear Marketplace, sits on 12.8 acres on the northwest quadrant of Interstate 694 and White Bear Avenue, just north of Maplewood Mall. The new Cub Foods will be the first corporate Cub built since 2008. The dev…
02.04.2015
Minnetonka, Minn.-based Oppidan Investment Company developed 992,600 square feet of property and 152 apartment units across the country in the second half of 2014. During that same time period, the company also provided construction management services for 19 projects and sold 67,200 square feet of retail space plus 50 home lots in its Woodland Hills development in West Des Moines, Iowa. Over …
01.27.2015
MINNEAPOLIS—(January 27, 2015)—Minneapolis-based Oppidan Investment Company, a national property development firm offering a full range of real estate services, today announced plans to construct a five-story mixed used development at the former Bally Total Fitness site located at 4900 Excelsior Boulevard in St. Louis Park. The development will include 180 apartments as well as a 28…
12.31.2014
Pioneer Press
Cub Foods is planning a 60,000-square-foot store in White Bear Lake, on the site of a vacant Kmart, the project developer said Tuesday. A Planet Fitness location and other future retail tenants are also on deck for the development, which is intended to revive an abandoned 12-acre site on White Bear Avenue north of Maplewood Mall. Drew Johnson, developer with Minnetonka-based Oppidan Investmen…
12.30.2014
Nick HalterStaff reporter-Minneapolis / St. Paul Business Journal Cub Foods will anchor a redevelopment of the vacant Kmart site near Maplewood Mall in White Bear Lake. Oppidan Investment Co. of Minnetonka submitted plans to the city this week showing a Cub Foods with an attached liquor store and a Planet Fitness gym. There's also space for another large, unnamed retail tenant. If plans go ac…
12.19.2014
Twins Cities Business Magazine
Looking into the conference room at Minnetonka-based property developer Oppidan Investment Co., you can see about a dozen people talking quickly and intensely around a table. Though you can’t make out what they’re saying, you hear laughter that breaks up the discussion from time to time. It sounds like a group that’s working hard and having a good time doing it—an impre…
12.09.2014
If you just crunch the numbers, a city of 2,400 people with limited highway presence and a small downtown shouldn’t be home to a new public library, a dozen restaurants and event centers, a brewery and enough retail stores to fill every available storefront. A city this small shouldn’t be able to persuade one of the top grocery chains in the Twin Cities to bypass the highway and sq…
12.08.2014
Clare KennedyStaff reporter-Minneapolis / St. Paul Business Journal Fresh Thyme Farmers Market has a third Minnesota store in the works, targeting a potential location in St. Louis Park withOppidan Investment Co. The Illinois-based grocer is interested in a new mixed-use development Oppidan is planning for 4900 Excelsior Boulevard, confirmed Paul Tucci, Oppidan's vice president of development…
Chronicle Times
Friday, November 28, 2014 By Paul Struck, Editor Cherokee will have a Shopko Store in a new, free-standing building on North Second Street opening in the fall of 2015, the store developer confirmed to the Chronicle Times this week. Negotiations and evaluations continue between Shopko and developer Oppidan of Minnetonka, Minn., according to spokesman Tom Ryan of Oppidan. "We are stil…
11.20.2014
385 Edgewood Drive, Baxter By: Anne Bretts November 20, 2014 7:05 am Minnetonka-based Oppidan Investment Co. has acquireda former Wal-Mart store now operating as a Gander Mountain retail location in Baxter, with plans to redevelop the site again into a multi-tenant building with additional outlot stores or restaurants. KTJ 243 LLC, an Oppidan entity, closed on the $3.7 million deal July 29,…
Oppidan purchases former Wal-Mart site in Baxter By Renee Richardson Today at 9:49 a.m. Redevelopment plans are in the works for the former Wal-Mart site in Baxter. The announcement came from Oppidan Investment Co., a national property development firm based in Minneapolis. Oppidan purchased the former Wal-Mart site, where the Gander Mountain is just off Highway 371 near Taco Bell and plans…
11.06.2014
Prairie Business Magazine
Company plans 126-unit Killdeer apartment complex KILLDEER, N.D. — Minneapolis-based Oppidan Investment Co. has announced plans to develop an apartment development in Killdeer to serve the oil-related growth in the city. By: Forum News Service, Forum News Service KILLDEER, N.D. — Minneapolis-based Oppidan Investment Co. has announced plans to develop an apartment development in K…
The Dickinson Press
KILLDEER — Minneapolis-based Oppidan Investment Co. has announced plans to develop an apartment development in Killdeer to serve the oil-related growth in the city. The Killdeer Highlands Apartments will sit near 103rd Avenue and Third Street, just northwest of Killdeer’s city center. The seven-acre development includes three 42-unit buildings with one-, two- and three-bedroom plan…
10.14.2014
Minnetonka-based Oppidan Invesment Co. has hired Joseph Hughes as construction manager, the developer announced Monday. In his new role, Hughes will be responsible for managing general contractors through the construction process, as well as managing construction design partners, including architects and engineers. He will also provide day-to-day oversight for certain construction projects. H…
09.08.2014
Shakopee Patch
MINNEAPOLIS—(August xx, 2014)—Minneapolis-based Oppidan Investment Company, a national property development firm offering a full range of real estate services, today announces that it will begin construction on a new Goodwill-Easter Seals store in Shakopee, Minn., in late September. The 20,600-square foot facility, which will include a retail store and a drive-through drop-off donat…
08.29.2014
When you’re a real estate developer considering a potential project, the first factor you consider is location. When you’re a real estate developer in the Bakken, the second factor you consider is electricity. Demand continues to outpace availability for nearly everything in the rapidly growing oil and gas region of North Dakota, including electricity for developments that could oth…
08.21.2014
The Star Tribune
Drew Johnson Developer at Oppidan Investment Co. Drew Johnson, 35, has joined Minnetonka-based Oppidan Investment Co. as a developer tasked with pursuing and finalizing multifamily and commercial real estate development deals. Johnson was drawn to Oppidan because of its work in the Twin Cities and around the country, but specifically, its development activity in North Dakota’s oil-r…
08.20.2014
Minneapolis-based Oppidan Investment Company has purchased 121 acres of land surrounding the airport in Stanley, N.D., for development of the company’s first industrial park. Pioneer Energy Services, a provider of land drilling and production services to oil and gas companies, will be the Stanley Airport Industrial Park’s first tenant. Construction is already underway on a 7,200-squ…
08.15.2014
Minot Daily News
Minn. firm finishes 9 projects in western N.D. this year August 15, 2014 By ELOISE OGDEN - Regional Editor (eogden@minotdailynews.com) , Minot Daily NewsSave | Post a comment | A Minnesota development firm has completed nine projects, including retail stores, transload facilities and apartments in Minot and area cities in western North Dakota during the first half of 2014. Durin…
07.25.2014
Retail store to open in former Harley-Davidson building The Cherokee City Council Tuesday night concurred with a recent Board of Adjustment approval granting a zoning variance that clears the way for a Shopko Store in Cherokee to be located in the former Harley-Davidson building on North Second Street. The Shopko Store would utilize 39,000 square feet of retail space in the 48,000 square f…
06.13.2014
The Monticello Times
Goodwill Easter Seals of Minnesota will develop a new 17,636 square foot retail facility in Monticello located on vacant land near Cedar Street and Highway 25. Monticello council members approved a conditional use permit (CUP) and cross-access request for the project May 27 after listening to a background report from City Planner Steve Grittman. In a previously presented memo, Grittman stated…
05.08.2013
Just Sold: Oppidan buys land for Goodwill store in St. Louis Park Posted: 7:00 am Wed, May 8, 2013 By Anne Bretts Finance and Commerce 7:00 am Wed, May 8, 2013 Editor’s note: “Just Sold” is a Finance & Commerce feature based on certificates of real estate value (CRVs) recently filed for commercial transactions and significant residential…
03.06.2013
Minneapolis’ Oppidan breaks ground on retail development in North Dakota city March 06, 2013 | Staff Writer | Print Article | Email this Article Minneapolis-based Oppidan Investment Company, a national property development firm, held a construction ceremony in late February at its Watford Plaza retail development in Watford City, N.D., to celebrate the beginning of construction at …
10.16.2012
Williston Herald
Economist: ND oil could save America David Rupkalvis | Posted: Saturday, October 13, 2012 6:00 pm For decades, Barry Asmus has traveled the world to talk about the economy. As a senior economist with the National Center for Policy Analysis, Asmus follows economic conditions closely. Wednesday, he said the work going on in the oil and gas industry could be what turns things around for the …
10.10.2012
Oppidan planning next N.D. retail project Posted: 8:10 am Tue, October 9, 2012 By Burl GilyardFinance and Commerce Tags: Joe Ryan, Oppidan Investment Co. 8:10 am Tue, October 9, 2012 Minnetonka-based Oppidan Investment Co. is in the process of buying 10 acres of land in Minot, N.D., for a 95,000-square-foot retail development on the site. Oppidan has been drawn to deals i…
10.09.2012
Maple Grove Patch
Construction has Begun for Second Goodwill Store in Maple Grove An opening date has not yet been announced, but construction should be complete in January. ByStephanie Larsen Email the author October 2, 2012 A new Goodwill store is being built near the intersection of Interstate 94 and Weaver Lake Road in Maple Grove. The 20,600-square foot store will be Goodwill’s second in Mapl…
10.05.2012
Bismarck Tribune
Hard to grow little towns from scratch, says Watford City 18 hours ago • By LAUREN DONOVAN | Bismarck Tribune WATFORD CITY — Brent Sanford and Curt Moen are like expectant dads, only they’re preparing for thousands of newcomers, not one. Sanford is Watford City’s mayor and Moen is the city planner. They’re nervously checking the calendar at the same time they&r…
10.03.2012
RE Journal
Oppidan Investment Company celebrates start of building of Goodwill retail store in Minnesota Posted By Staff Writer On October 2, 2012 @ 2:11 pm | No Comments Minneapolis-based Oppidan Investment Company, a national property development firm, announced that construction has begun on a new Goodwill store in Maple Grove, Minn. The 20,600-square foot facility is being built on a two-acre parce…
08.17.2012
Hot Property: Maple Grove Goodwill Store Updated: August 17, 2012 - 5:46 AM Maple Grove Goodwill Store 13644 80th Circle N., Maple Grove Type: Retail Size: 20,600 square feet Developer: Oppidan Inc. Details: Minnetonka-based Oppidan has preliminary approval to build a Goodwill/Easter Seals of Minnesota retail store in the parking lot of the shuttered Maple Grove Cinema theater. The Maple G…
08.14.2012
Goodwill’s next step: second store in Maple Grove by Mark Anderson Published: August 13th, 2012 The Goodwill proposal is for a 2-acre portion of a 6.2-acre redevelopment site now occupied by the former Maple Grove Cinema 10 and a large parking lot. (Photo: CoStar) The Twin Cities Goodwill stores may soon be expanding their shopping bargains and job-training opportunities once again, …
08.10.2012
Williston Daily Harold
Oppidan invests $100 million across Bakken By Jenna Ebersole/Williston Herald | Posted: Saturday, August 11, 2012 8:52 pm As the housing crunch continues across the Williston area, one mostly commercial investment company said they saw the need for something different – residential housing. Oppidan Investment Company is pumping more than $100 million into North Dakota’s Bakken …
08.01.2012
Mountrail County Promoter, Inc
Page 4 Mountrail County Promoter, Inc., Stanley, ND Wednesday, Aug. 1, 2012 Coborn’s Plans To Double Presence In Bakken Region With Five New Grocery Stores Coborn’s, Inc. announced plans last week to build five new grocery stores in western North Dakota now through 2014. The new Coborn’s and Cash Wise Foods stores will more than double the company’s presence in the…
07.30.2012
Market Watch
They can’t build homes fast enough here North Dakota’s increased oil production creates dire housing need By Amy Hoak, MarketWatch CHICAGO (MarketWatch)—People in most housing markets are elated about trends showing that home prices are on the way up and a housing recovery could be underway. If you’re living in parts of North Dakota, however, you’ve lived wit…
07.29.2012
Minot
Coborn’s plans new grocery stores for Minot, 4 other cities July 29, 2012 Minot Daily News ST. CLOUD, Minn. - Coborn's Inc., a St. Cloud, Minn.,-based company, plans to build five new grocery stores in western North Dakota, including in Minot, now through 2014. Among the new stores being planned are Coborn's stores in Stanley and Tioga, which will replace the company's existing Food P…
07.18.2012
http://www.watfordcitynd.com/?id=10&nid=1738
Agreement clears way for Pheasant Ridge construction Posted 7/18/12 (Wed) By Neal A. Shipman Farmer Editor The Watford City City Council found itself stepping outside its comfort zone as it approved a development agreement with Bayfront Builders for the development of the Pheasant Ridge development on the northside of Watford City. During the council’s regular meeting on July 9, th…
07.10.2012
Apple Valley, Minnesota - Retail Center Dickinson, North Dakota - Commercial Retail Minot, North Dakota - Commercial Retail Excelsior, Minnesota - Commercial Retail Plymouth, Minnesota - Senior Living/Retail Stanley, North Dakota - Commercial Retail Tioga, North Dakota - Commercial Retail Watford, North Dakota - Commercial Retail Watford, North Dakota - Pheasant Ridge Apartments Willi…
07.07.2012
Fleet Farm moves into SW metro Star Tribune A new Fleet Farm retail store opened in the city of Carver on June 28, the first of what city officials hope to be many businesses along a two-mile commercial strip of land on both sides of Hwy. 212. The complex on 39 acres includes a store, gas station with 27 dispensers and convenience store, and a four-bay car wash. City leaders said they are th…
06.29.2012
Once skeptical, Oppidan joins rush to North Dakota Posted: 7:30 am Fri, June 29, 2012 By Burl Gilyard Tags: CBL & Associates Properties Inc., Joe Ryan, Oppidan Investment Co. Minnetonka-based developer Oppidan Investment Co. is hoping to mine gold in the booming oil fields of North Dakota. Oppidan plans to invest more than $100 million to develop retail and apartment projects in the …
06.26.2012
06.25.2012
Camping World Set to Cross the 100 Store Mark in the Next Several Months * Reuters is not responsible for the content in this press release. Thu Jun 21, 2012 9:16am EDT CHICAGO, IL, Jun 21 (Marketwire) -- Camping World, the nation's largest RV and outdoor retailer, today announced that it is set to reach a new milestone in the company's history openin…
06.20.2012
New Waukee school planned in W.D.M.The Waukee school district received approval tonight to build a third elementary school in West Des Moines.Members of the city’s planning and zoning commission voted 7-0 to support the project. Site plans will gobefore the City Council Monday for final approval.Construction of Woodland Hills Elementary School is slated to begin this spring at the interse…
Written by LISA LAVIA RYAN A couple of things can be counted on when it comes to the Waukee school district and construction: It’s always happening. And each new school looks pretty much like the one that came immediately before it. Superintendent Dave Wilkerson said there are a couple more facts that residents of the district can count on: Administrators are always planning constructio…
06.13.2012
McKenzie Count Farmer
Posted 6/13/12 (Wed) By Neal A. Shipman Farmer Editor A developer, who is planning to bring Coborn’s Grocery Store, a Little Dukes convenience store and gas station, as well an ALCO and a McDonald’s to Watford City, wants the Watford City City Council to amend its current liquor license ordinance to allow for more than one off-sale liquor license. During the city council&rsqu…
McKenzie County Farmer
Posted 6/13/12 (Wed) Kate Ruggles Farmer Staff Writer Talks of growth and development abound for Watford City and its surrounding areas as a major commercial developer, the Oppidan group, has proposed to build an 118,000 sq. ft. retail space south of Watford City on the corner of the Highway 23 bypass and Highway 85. Jay Moore, a project developer with Oppidan states that they have been in …
05.23.2012
Oppidan is working diligently to ease the overwhelming need for retail development and housing to the cities that are rapidly growing due to the recent oil growth in North Dakota. The Oil growth is bringing in so many more workers and travelers that these towns don’t have enough of anything to accommodate all these people. These cities are in desperate need of hotels, apartments and hous…
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05.10.2012
Dallas County is seventh-fastest growing in U.S.; DMmetro gains 10,662 people since 2010 CensusDallas County is the seventh-fastest growing county in the nation, experiencing a 5 percent increasein population between April 2010 and July 2011, the U.S. Census Bureau reported today.Dallas County now has a population of 69,444, a gain of 3,309 from April 1, 2010. The only otherMidwest county in th…
03.06.2012
Camping World will open RV equipment store in Liberty Lake Posted by Tom March 6, 2012 12:14 p.m. The former Mastercraft building in Liberty Lake has been acquired for a new Camping World store, according to the company that brokered the deal. Camping World, based in Bowling Green, Ky., is one of the nation's bigger sellers of RV equipment, camping equipment and RV merchandise. It's taking o…
01.14.2011
Broader focus helps Oppidan outlast retail’s downturn Premium content from Minneapolis / St. Paul Business Journal by John Vomhof Jr., Staff writer Date: Friday, January 14, 2011, 5:00am CST When the recession hit, Oppidan Investment Co. President Joe Ryan decided to shift his company’s business model to keep business coming in the door. The company, he says, is positioned better…
11.17.2010
Gander Mountain project a step closerPosted: Wednesday, November 17, 2010Are you searching for oppidan? Highlight these search terms in the articleMATT ERICKSON Staff WriterBAXTER - The redevelopment of the Gander Mountain site to include more retail stores and two restaurants took another step forward Tuesday.The Baxter City Council unanimously approved requests from Oppidan Investment Co. for…
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