MINNEAPOLIS — Waterton has acquired 365 Nicollet, a 370-unit, 30-story property in Minneapolis from joint venture owners Opus Development Co. and Corebridge Real Estate Investors. The sales price was $111.5 million, according to the Minneapolis/St. Paul Business Journal.
Constructed, designed and developed by Opus in 2018, 365 Nicollet’s unit mix includes studios and one-, two- and three-bedroom apartments as well as 50 penthouse units with a higher-end appliance package and hardwood floors.
Amenities at 365 Nicollet include a fitness center and yoga studio, a sauna, an outdoor pool with a lounge area, a hot tub and grilling stations. Residents also have access to an entertainment kitchen, coworking space, a golf simulator, a pet spa and dog run, bicycle storage and a controlled-access parking garage. Chicago-based Waterton is planning several upgrades, including new flooring and equipment in the fitness center.