PCCP Provides Development Loan for Minneapolis Mill District Condos

PCCP, LLC provided a $130 million senior loan for the development of The Legacy, a 374‐unit residential condominium project in Downtown Minneapolis, MN on behalf of the ownership, a joint venture between Provident Real Estate Ventures and Shamrock Properties, Inc. Located at 1240 S. 2nd St. in the Mill District, the project will consist of an eight‐story podium with a 14‐story and a 17‐story tower, and three levels of subterranean parking.

PCCP’s Jim Galovan says, “PCCP’s loan provides financing for the project’s construction costs as well as other expenses during development and marketing periods.”

The Legacy will feature such amenities as a fitness center, game room, community room and two roof decks with a pool, hot tub, lawn bowling, and grilling areas. The project is being developed by Riverdale Ventures Legacy, LLC, an affiliate of Shamrock Development, and is anticipated to deliver in summer 2018.

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About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

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PCCP Provides Development Loan for Minneapolis Mill District Condos

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PCCP Provides Development Loan for Minneapolis Mill District Condos

Inside The Story

About Dennis Kaiser