This Fall, Gaughan opened Lighthouse Lofts Luxury Apartments, a new multi-family property in downtown Forest Lake, Minnesota. This 5-story, multi-use building is the newest luxury apartment community in the neighborhood. As General Contractor and Developer, Gaughan’s vision with Lighthouse Lofts and other developments is to bring new life and vibrancy to the core of the city. Investments like this are made to help fulfill a void in the market.
The first floor features a new location for Snap Fitness, to which Residents receive a complimentary membership with their lease. Mallards Restaurant has also opened their new, second location in the North corner retail space. Above that, Lighthouse Lofts has four floors of luxury apartment homes with several, additional walkout units on the first floor.
The modernity of this project is bringing a new atmosphere to downtown Forest Lake. The 8.5-foot ceilings and 6-foot windows in every unit allow natural light into nearly every room of the apartment, and the patios and balconies provide a beautiful lake view year-round. Residents can enjoy the rooftop patio, equipped with gas grills, in the summer. The adjacent clubroom provides a place to relax, gather in community, or reserve for private events in any season.
For more information about this development, visit www.lighthouseloftsmn.com, and stop in to experience these luxury apartments! The team at Gaughan can assist with your commercial real estate and construction interests. Contact us directly at 651-464-5700.
Our team of commercial real estate professionals attended the 12th annual MNCAR Expo yesterday at The Minneapolis Depot. We were excited to share more about the projects that our construction and development teams are working on, while making new connections with the attendees.
Thank you to everyone who stopped by our booth and played a game of cornhole with us! If you want to continue the conversation, please contact our team directly. We are happy to answer any questions and help with your commercial real estate needs.
Gaughan, the Minnesota-based Commercial Construction and Development firm, began construction in August on a new, two building commercial development in Fridley, Minn. The first phase of this project is scheduled for completion in early December 2018.
The 5,800 square foot building will be the new home for Dunkin’ Donuts and Sport Clips Haircuts locations. Gaughan’s construction team will begin the 60-day, interior buildout for Dunkin’ Donuts once the exterior is complete. With an expected opening date in 2019 and the recent announcement of the chain’s name change, the well-known coffee shop will officially open as Dunkin’.
The second phase of the project includes a 6,100 square foot building on the corner of University Avenue NE and 83rd Avenue NE in Fridley. For more information on retail availability at this project or if our team can assist with any other Commercial Real Estate, Construction or Development interests, please contact us directly at 651-464-5700.
We want to wish a warm welcome and congratulations to DEVO Fitness, who opened their new Coon Rapids location this month. DEVO stands for “Devoted,” which is their promise to continue to design a community environment that people of all fitness levels will enjoy being a part of.
They are celebrating their grand opening on Wednesday, August 15 from 5-7:30 PM. They are located at 455 99th Ave. Suite 170, Coon Rapids, MN 55433. All new DEVO Fitness members will receive 2 raffle tickets upon sign up.
On Friday, July 27, 2018, John Chirhart, Gaughan VP of Sales and Leasing, participated as a panelist at the 2018 Minnesota Real Estate Journal’s East Metro Development Summit, hosted at the University of St. Thomas. He was part of a panel that was comprised of experienced commercial real estate professionals.
The panel discussed current market-specific real estate metrics, new projects and trends, as well as opportunities for the future.
The MNREJ hosts educational and informative events throughout the year in order to provide local professionals with valuable information to better serve their clients or to assist in the quality of their business decisions.
John Chirhart has been involved in commercial real estate and development for 18 years—the past 9 years with Gaughan.
Gaughan is a full-service commercial construction, development, and real estate brokerage firm. Established in 1969, the company has now grown to over 150 employees. If our team can assist with your real estate needs, please contact us at (651) 464-5700 or firstname.lastname@example.org.
The Shakopee City Council approved the 126-unit multi-family development for downtown Shakopee, proposed by Gaughan, at their July 3 meeting. Minnesota-based commercial real estate developer, Gaughan has an affinity for sites with the potential of the Shakopee project. Senior VP of Commercial Accounts Dan Hebert says, “[Gaughan’s] primary focus is redeveloping sites and revitalization of downtown markets.”
This piece of land on the north end of downtown faces the Minnesota River. The team at Gaughan has planned for an apartment community with five stories, underground parking, and a restaurant on the first floor.
Gaughan’s most recent multi-family development, Lighthouse Lofts Luxury Apartments located in the downtown community overlooking the lake, will open next month in Forest Lake, Minn.
Read the entire article from Finance & Commerce here.
On Friday, May 4, 2018, Gaughan Brokerage Senior Associate, Tom Opsahl, participated on a panel for the 14th annual Land Development Conference. This conference is hosted yearly by the Minnesota Real Estate Journal at the Golden Valley Country Club.
The topic of Opsahl’s panel was “Commercial Land Development Forecast for 2018 and Beyond.” The panelists discussed the current market conditions, development project updates for 2018, challenges with land development, financing for development projects, and the future of development.
The other four sessions at this year’s conference were “Municipalities: Your Partner for Land Development and What You Need to Know,” “Key Issues to Consider When Structuring Real Estate Joint Ventures,” “Frontiers: Lessons in Greenfield Development,” and “Residential Land Update and Opportunities.” We look forward to next year’s conference and the updates that we will be hearing based on the sessions this year!
Tom Opsahl joined Gaughan Companies in November of 2016 as a Sales & Leasing Associate. Earning his real estate license in 2002, he brings a wealth of commercial real estate knowledge and experience to our team. Opsahl is currently working with a local family in Prior Lake to sell their 495-acre historic property, as well as another 500-plus acre contiguous property in the Lino Lakes-Blaine area.
If our team can assist you with your Commercial Real Estate needs, please contact us at 651-464-5700 or email@example.com.
We were honored to be a sponsor at the 30th annual MetroNorth Chamber Golf Tournament to help raise money for their mission of strengthening business in the community.
Our team had a blast staffing a hole and playing a round of golf with other chamber members and guests at Majestic Oaks Golf Club! We always enjoy events held by the MetroNorth Chamber of Commerce and are pleased to be a member. We are excited about the growth in our communities and the active role that the MetroNorth Chamber plays in the community.
Toppers Pizza, one of our new Tenants at Club West Plaza in Blaine, MN, is celebrating their grand opening on Saturday, May 5, 2018. They are known for their fresh dough, delicious toppings, and real Wisconsin cheese! The first Toppers Pizza opened in Whitewater, WI, in 1993, and since then, they have expanded to over 75 franchised locations throughout the Midwest. While they primarily offer delivery services, they also have an open, show-kitchen design where customers can stop in and watch the creation of their pizzas.
Congratulations, Toppers Pizza! We are proud to highlight this business and welcome them to the area. For more information or to order your next meal, visit www.toppers.com!
In a recent article, the Prior Lake American covered the sale of a 495-acre listing, owned by a local family in Prior Lake, Minnesota. While the details of how the land will be divided are not complete, the number of interested buyers continues to increase.
“So far, it’s been a combination of out-of-state and international-type investors, local investors, and everything in between,” Tom Opsahl said. “It’ll be really interesting to see over the next 12 months how it turns out.”
For more information about this and other listings, contact Gaughan Senior Brokerage Associate Tom Opsahl at 651-255-5569.