Proposed Development Near Northstar Rail Station
Plans are in the works to create a new residential development next to the Northstar Commuter Rail station on Northdale Boulevard (behind Target) on land owned by the Anoka County Regional Rail Authority. Minneapolis-based Sherman Associates proposes a four-story 176-unit market rate apartment building, a four-story 63-unit mixed-income apartment building and a small retail component. The apartments are expected to include many amenities, including a dog run, playground equipment, underground parking, walking paths, and improved access to the transit station. The market rate units would have rents between $1,200 and $1,750 per month and the affordable units would have rents between $800 and $1,200 per month. The apartments would be oriented toward empty-nesters, professionals, and other area households, particularly those who use the Northstar commuter rail. The 48 affordable apartments would be restricted to households earning 60% of the median income, which translates to over $50,000 for a family of four. Including the affordable apartments in the overall project was critical to attracting funding sources to construct this contemporary project with a high-level of amenity.
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