Cottage Grove apartment complex breaks ground

Source: Finance & Commerce

Excelsior-based Oppidan Investment Co. held a groundbreaking ceremony in July for an upcoming apartment complex in Cottage Grove. The project will include 171 market-rate units and feature studio-alcove units up to three-bedroom units. The complex will also include numerous amenities including a fitness center, community room, outdoor dog run, underground heated parking and rooftop deck.

Mostly completing senior housing and industrial projects in recent years, Oppidan is continuing to diversify its projects. Following the completion of a market study, it determined demand for this type of housing and pivoted accordingly. The quiet neighborhood, proximity to 3M and school district, while still being close to restaurants, grocery stores and other retailers, are all draws for potential renters.