News Flash

Economic Development

Posted on: January 29, 2020

Pre-leasing for Luxury Apartments

Lyra new apartment home

"Lyra," a luxury market-rate building located next to Riverdale Transit Station (off Northdale Boulevard and 119th Avenue) is now pre-leasing and has an on-site showroom available for those interested in reserving an apartment home. The building is expected to open in March of this year. The project is being developed by Minneapolis-based Sherman Associates. To schedule an appointment, call (763) 600-7559 or visit Lyra-RiverdaleStation.com. You can also stay up to date on the community on Facebook or Instagram @LyraCoonRapids 

Lyra consists of 180 Smart Apartment homes, featuring IOTAS Smart Home Technology with smart outlets and smart thermostat. Floor plans include open-concept studios, alcoves, 1-bedrooms and 1-bedroom + dens, 2 bedrooms, and 3 bedrooms ranging from 572 – 1,444 square feet. All homes include high-end finishes featuring granite countertops, stainless steel appliances, and in-home washer and dryer.
This pet friendly community will offer expansive amenities including:

  • Outdoor pool & Amenity Deck with grilling station, dining area, and fire pit
  • Club Room with billiards table
  • Fitness Center with Fitness on Demand virtual classes
  • Golf Simulator
  • Community Room with fully equipped kitchen and fireplace
  • Private dog park
  • Electronic Package Concierge
  • IOTAS Smart Home Technology
  • Heated underground parking
  • Private resident storage
  • On-site management & 24/7 maintenance

Located next to the Riverdale Transit Station on the NorthStar Commuter Rail line, and just one block from Riverdale Commons shopping center, Lyra offers direct access to Downtown Minneapolis and a convenient location to many restaurants, retail, entertainment and recreation options in Coon Rapids.

For more information, visit Lyra-RiverdaleStation.com or follow on Facebook and Instagram @LyraCoonRapids

Background on the project
The City of Coon Rapids adopted a development framework plan for the site in 2007 that envisioned a residential development that would capitalize on the presence of the transit station and create a sense of place, with strong pedestrian connections and open spaces. As the housing market has improved, the City and County worked together to identify a developer for the site.

City council members and County board members toured several developments around the Twin Cities and met with various developers. Through those meetings, it was determined that the development near the rail station needed to include housing as the primary development, as opposed to retail or office uses. The broader nearby area includes a large amount of retail and office development already, and this site does not have the visibility from Main Street or Highway 10 that larger retailers expect. Ultimately, the City and County opted to work with Sherman Associates on the project.

A groundbreaking event was held October 25, 2018 to celebrate this project which is several years in the making. It’s the first new general occupancy apartment development in over a decade in the city of Coon Rapids, and it is the first transit-oriented development, conveniently located next to the Riverdale Transit Station featuring Northstar Commuter Rail service, nearby retail shopping opportunities and restaurants.

A smaller, 71-unit building referred to as "Nova" opened in late 2019. The market-rate building “Lyra” will provide 180 units and is set to open in March 2020. A second phase of development could include a senior living component and small retail component.

Watch a video to see the apartment homes here!
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