EDEN PRAIRIE, MINN. — Greco and Eagle Ridge Partners have refinanced The Fox & The Grouse, a 237-unit property in Eden Prairie. Construction was completed on the first phase of the project in April 2025. JLL arranged the five-year, $50 million refinancing loan on behalf of the owners as well as equity partner Amstar Group, through PNC Bank. Back in August, JLL also arranged a $39.1 million loan and secured $16.5 million in equity from Amstar. Located 18 miles southwest of Minneapolis, The Fox & and the Grouse is six-story community with a mix of studios and one-, two- and three-bedroom units, with a quarter of the units reserved at either 50 or 80 percent AMI caps. Amenities include a pool, a golf simulator, a fitness center, coworking spaces, a theater and club room, a private dining area and underground parking.
Owners of the newly completed The Fox & The Grouse near Minneapolis have refinanced construction debt. The Fox & The Grouse is a transit-oriented development that’s connected to the Golden Triangle Station on the Southwest Light Rail Transit Green Line Extension, which will open in 2027.
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