The developers will start work this fall on the 344 market-rate rental units that sit on blocks 5 and 6. NorthMarq Capital arranged a joint venture between Prudential Real Estate Investors, North American Partners and the Ryan Cos. of Minneapolis. Doug Dolliff and Bill Jackson--of NorthMarq Capital's Minneapolis and Dallas offices respectively--also arranged the construction loan with Guaranty Bank.

Also part of the Upper Landing development:

• Block 1, the closest to Downtown, is under design and consists of high-rise, owner-occupied housing totaling 80 to 100 units.
• David Bernard/Rottlund is building for-sale units ranging from $900,000 to $1 million on Block 3. When that is completed, work will start on Block 2. Centex Homes is building townhomes on Block 4, and some residents moved in last fall.
• On Block 7, the one farthest west from Downtown, Shelter Corp. will start renting its 90 units of affordable housing targeted toward lower-wage Downtown workers.
• A small park at the west end of the project is on the Sam Morgan Trail along the Mississippi River. The park is owned by the Upper Landing Association but is open for public use.