MINNETONKA, MN – Set to open in May, The Rotenberg Companies introduced The Luxe, Apartments at Ridgedale, located at 12501 Ridgedale Drive in Minnetonka and is perfectly situated directly across from the Ridgedale Mall.
The Luxe features spacious one+ and two+ bedroom, ultra-luxury apartments, where residents can delight in exclusive access to over 16,000 square feet of unprecedented indoor and outdoor amenities.
Arriving at this four-tale iconic building, designed by renowned Architect Jesse Hamer, you are greeted by a soft contemporary façade, with beveled stone and large expansive windows. As you exit your vehicle under the chrome porte cochère, your journey will start as you enter the dramatic and elegantly appointed, two tale lobby.
The lobby and amenity spaces, made by Interior Designer Billy Beson, offer sophisticated contemporary furnishings, with sumptuous natural finishes, that meet his uncompromising standards of quality and beauty. The Luxe also features a private art collection that is adorned with a variety of vibrant, colorful painting, masterfully made by Artist Carolyn Cole.
Designed and constructed to the highest caliber condominium, quality standards, The Luxe, Apartments at Ridgedale, are luxury rental homes that offer residents the freedoms and conveniences of leasing within a thoughtfully programmed living environment.
There is remarkable attention to detail, with an unparalleled commitment to the resident’s experience.
The Luxe has an extensive list of sought after luxury amenities, including a 100% smoke free environment, heated parking for all residents, electronic vehicle recharging stations, an indoor car wash bay in the parking garage, onsite storage, a state-of-the-art fitness center with advanced training equipment, featuring Life Fitness fully integrated cardio, strength training and group training equipment, a private yoga/dance/Barre studio – which opens out to the amenity deck, and a private Pilates studio with Reformer machines.
If it’s an adrenaline boost you seek, there is a fitness area that can be reserved for high intensity training, or private instruction. Residents who wish to take their fitness routine outdoors will learn nearby walking and biking trails.
The outdoor residents’ lounge and dining terrace feature a stainless-steel outdoor kitchen, complete with DCS gas grills, chaise lounges and umbrellas, a fire element, an outdoor television, and a putting green/bocce ball court.
The Luxe also offers a coffee/tea bar, a community room with a fully equipped demonstration kitchen, fireplace, and multiple huge screen TV’s, as well as an intimate private dining room/ entertainment suite for family gatherings or for playing cards and board games.
To relax, The Luxe offers a multi-sport simulator for you to practice your golf swing and improve your game, or you can unleash your inner athlete and play your favorite sport.
If you choose to conduct a business meeting, there is a perfectly appointed boardroom, fully outfitted with video conferencing equipment and TV monitor for presentations, and much more. The Luxe, Apartments at Ridgedale, provides nothing small of the finest in luxury living for its residents. The Luxe raises the bar for luxury rental living.
The Luxe, Apartments at Ridgedale, delight in a prominent place, in the heart of Minnetonka, MN, at the Cities most sought after address.

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HUNTSVILLE, AL – Watermark Residential, a wholly owned affiliate of Thompson Thrift and one of the nation’s leading multifamily developers, announced the acquisition of 22.5 acres of land in the Huntsville suburb of Madison, Ala. The company will develop a Class A garden-style multifamily community on the land, consisting of one-, two- and three-bedroom apartment homes. The company plans to build the apartments in a single phase, completing them by late 2021.
Located at 1150 Balch Road, the site is in the midst of a thriving suburban neighborhood. The 550-acre mixed-use Clift Farm development is immediately adjacent to the property, which is within walking distance of a newly developed Publix-anchored retail center, as well as multiple dining locations. The development will be the company’s second multifamily community in the Huntsville area. Watermark at Bridge Street Town Centre, a 244-unit Class A multifamily community located at 6854 Governors West NW was completed in 2019 and is currently 86 percent occupied.
“The Huntsville area is experiencing tremendous population growth and demand for quality multifamily options continues to far outpace the available supply,” said Paul Thrift, president and chief executive officer of Thompson Thrift and Watermark Residential. “Huntsville is expected to soon surpass both Birmingham and Montgomery to become the largest city in Alabama. Watermark Residential will help fill the need for quality housing with our Madison development.”
Watermark’s plotted multifamily community will consist of nine three-tale buildings and a clubhouse. Community amenities will include a 24-hour fitness center with state-of-the-art equipment, a resort-quality swimming pool with cabana and a “bark park.”
According to U.S. News & World Report, Huntsville is the fastest-growing metropolitan area in Alabama and the 11th best place to live in the country. The city generated more than 62 percent of jobs in the state during the past decade and continues to experience an influx of investment, including:

Toyota and Mazda are scheduled to start production next year in their new $1.6 billion assembly plant that will generate 4,000 direct and 5,500 indirect jobs.
Facebook invested $750 million in a local data center.
Aerojet Rocketdyne recently completed construction on an advanced rocket manufacturing facility that will soon be home to 800 employees.
The Federal Bureau of Investigation has announced a significant expansion at the nearby U.S. Army Redstone Arsenal with the addition of 1,350 employees by 2021, as well as an additional 4,000-5,000 added jobs in the coming years when the FBI’s Huntsville investment is expected to reach $1 billion.

Josh Purvis, managing partner for Watermark Residential, added, “Huntsville is a perfect match for Watermark, which seeks to develop exceptional multifamily communities in areas of high job and population growth where occupancy and rental rates are stable or expanding. We look forward to commencing construction and delivering another exceptional community to the city.”
The Huntsville project is the first of six to be funded by the Watermark 3G Development Fund II which closed in late 2019.

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CHICAGO, IL – Interfaith Housing Development Corporation (IHDC), announced the groundbreaking of its latest housing development, Fifth Avenue Apartments, providing 72 new affordable housing units in the Village of Maywood, a western suburb of Chicago. The development has been made possible thanks to four major financial partners along with an energy efficiency grant from ComEd. These financial partners include the Illinois Housing Development Authority (IHDA), the Cook County Department of Plotting and Development, the Richman Group Affordable Housing Corporation, and Bank of America. The Chicago Community Loan Fund also provided pre-development lending prior to construction.
A vacant 33,000 square foot lot located at 800 South 5th Avenue, once owned by the Village of Maywood, is the site for the new development. The adjacent 5th Avenue corridor is a pedestrian-oriented commercial corridor in the Village, allowing future tenants simple access to transit, education, and retail. The building will be comprised of studio, one-, two- and three-bedroom residential units along with interior and exterior shared community spaces for resident use. It also includes approximately 5,500 square feet of retail space on the ground floor, currently slated for development into a grocery store, addressing the lack of this amenity in the area. Residential parking will be provided off the alley behind the new building, with commercial parking provided along 5th Avenue. New diagonal parking will also be added on surrounding streets to help accommodate additional residential guests and commercial users as well.
“This historically-underserved part of metro Chicago has proven a strong need for quality affordable housing, and we are thrilled to have this project ploughing ahead to meet that need,” said Perry Vietti, the President of Interfaith Housing. “This development has been specifically designed to serve working families and individuals and some special needs populations. Slated for opening in early 2021, we could not be more thrilled to now have this vital community resource coming out of the ground.”
Maintaining its affordability status for a minimum of forty years, the five-tale development will provide affordable housing for households at or below 60 percent of area median income (AMI). Sixteen of the units are designated for households at or below 30% AMI; twenty-eight units are for households at or below 50% AMI; and twenty-eight units will support households at or below 60% AMI. Nineteen of these units will be targeted to special needs populations, including 8 units set aside for homeless veterans and 11 units for tenants selected from the Illinois State Referral Network.
According to Toni Preckwinkle, the President of the Cook County Board, “Investment in affordable housing is critical to communities throughout Cook County. Half of the residents of Cook County are rent burdened, which means they pay more than 30 percent of their income in rent. With rental prices rising and gentrification moving in Chicago, it’s more vital than ever to recognize that housing is a human right.”
The development has been designed by national integrated architecture and engineering firm, HED, and is being constructed by Chicago-based McShane Construction Company. The IHDC development team established early in the project a desire to achieve high levels of environmental sustainability, in an effort to best serve its resident population health as well as that of the surrounding neighborhood.
In 2018, Fifth Avenue Apartments was one of only a dozen projects nationwide, and the only one in Illinois, to be selected to participate in the International Living Future Institute’s (ILFI) third round of the Living Building Challenge Affordable Housing Pilot Project program.
“As a project selected for the Living Building Challenge’s affordable housing pilot program, we have loved developing this design alongside this vital sustainability advocacy platform, identifying the current challenges of pursuing this extreme green approach to design in the State of Illinois,” said Susan King, Principal in Charge with HED. “While the project could not feasibly achieve the current certification expectations, IHDC’s participation in this pilot effort will ultimately benefit countless affordable housing projects around the country in the future as the research continues to develop.”
Additional project team members supporting the design and development of the Fifth Avenue Apartments project include SITE Design for landscape architecture, and Ericksson Engineering for civil engineering. Property management will be provided by Interfaith Management Services, an affiliate of Interfaith Housing Development Corporation, that currently manages the 12 affordable developments that Interfaith owns.

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