Twin Cities Apartment Construction Accelerates To Highest Level Since 1980s

Industry Insights

Owen Metz, vice president and project partner with Dominium, one of the largest apartment developers in the Twin Cities, said the firm has several deals in the pipeline, including some that are considered affordable to low-income families, but would do more if the financing environment were more favorable.

The company is poised to start construction on 400 to 500 units of affordable apartments and another 200 to 400 affordable units targeted at seniors.

The company is also working on the Upper Post at Fort Snelling to do family housing with a preference for veteran residents. That project, he added, “is very much at risk due to lack of availability of tax-exempt bonds.”

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