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PCCP Finances Reuter Walton’s Loring Park MF Build
PCCP LLC has completed a $44.8-million senior loan to Reuter Walton Development for the development of a 231-unit apartment project in downtown Minneapolis. The developer’s six-story 1400 Nicollet Ave. project is located in the Loring Park neighborhood, where Reuter Walton opened its 75-unit Harlo this past summer.
“Reuter Walton Development is an experienced local developer and builder that has completed numerous successful projects throughout Minneapolis,” said VP Brendan Shanahan with PCCP. “The company creates vibrant, community-driven projects and has a strong familiarity with the site and neighborhood.”
The project will feature units that are smaller and more affordable than many new-construction apartment properties downtown, with 80% of the units priced between $1,200 and $1,800 per month.
However, it will still contain luxury amenities including a tenant lounge, pet spa and rooftop deck. It will also include 10,000 square feet of street-level retail and two levels of secured parking.
For comments, questions or concerns, please contact Paul Bubny
- ◦Financing
- ◦Development

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