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Dominium Plans Affordable Complex for Seniors, Families

Minneapolis-based Dominium says it will develop two affordable housing projects in Minnetonka, MN. To be located across the street from a planned light rail station, the Legends of Minnetonka and Preserve at Shady Oak will be the largest ever affordable housing development in this Twin Cities suburb.

It will be built on the former campus of Digi International, an Internet of Things provider which recently sold the property and will relocate its headquarters to Hopkins, MN.

“This project is one of the largest in the state of Minnesota, and will provide much-needed affordable housing for families and seniors,” said Dominium VP Ryan Lunderby.

The Legends of Minnetonka will comprise 262 units of affordable, independent senior living, while Preserve at Shady Oak will represent 220 units of affordable housing for individuals and families. The city of Minnetonka provided $8 million in tax increment financing.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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