There is a building boom underway in the city of Golden Valley. More than 1,500 new rental apartments and townhomes are being added to the city.
As the sound of heavy duty construction echoes outside, Kaye Christensen stands
inside a new rental townhome that's nearing completion in Golden Valley.
"So this is our two bedroom townhome, and it's 1,550 square feet," says Christensen, the marketing director for The Liberty apartments and townhomes.
On several acres of land, located along Winnetka Avenue and Medicine Lake Road, the new rental community, called The Liberty, is rising with
55 townhomes and 187 apartments.
"There aren't a lot of townhomes available in the rental market, especially in the Golden Valley area, so we wanted to offer that to the residents," said Christensen.
With its name, The Liberty pays homage to the site where the Golden Valley V.F.W. used to be.
"We're going to have a Liberty lounge and our clubhouse is going to be called Club Liberty," said Christensen. "We're excited to have Golden Valley historical photos of the neighborhood."
When the first round of rental townhomes opens August 1, the units will join recent projects such as the millenial-driven "Hello" apartments that opened this month along Highways 55 and 169. The Arcata, a luxury apartment complex, is another example which opened along the I-394 corridor a few years ago. And there's several more apartment projects under construction for the next two years.
"In the last four years, we've probably approved about 1,600 units of rental housing," said Jason Zimmerman, Golden Valley Planning Manager. "It's probably six to seven different projects, some pretty large and some fairly small, but all contributing to that overall number."
Zimmerman says the apartment building boom was being planned during the Recession, as the first-ring suburb was poised for growth and had some unique opportunities to redevelop land.
"A lot of the development, if not all of it, has happened on sites that were sitting vacant because a building or business had left," said Zimmerman.
Much of Golden Valley's upcoming rental construction is taking place near the I-394 and Highway 100 corridor, where the 303 unit Talo Apartments project is underway. However, neighborhood projects such as The Liberty have a unique appeal. The townhomes will have solar panels on the roof to offset electric expenses, and management expects the townhomes and apartments will attract a wide range of residents.
"We have some millenials, we have some emptynesters, and so we expect that our demographic of residents here will be very eclectic, all different age groups," said Christensen.
The Liberty apartments will be available for rent in November. The entire project will be completed by early spring 2018.
Alexandra Renslo firstname.lastname@example.org
June 26, 2017