MINNEAPOLIS—The Trammell Crow Company, through its subsidiary High Street Residential and in partnership with The Carlyle Group, has broken ground on Junction Flats, a new transit-oriented multi-family community that will feature a six-story, 240,000-square-foot building with 182 Class A luxury residential apartments. The project will rise on 1.37 acres in downtown Minneapolis near Target Field, the new home of the Minnesota Twins, and The Interchange, a transit hub and public gathering space set to open in 2014. Trammell will begin delivering Junction Flats' units in the summer of 2014.

"Junction Flats is located just northwest of the central business district in the North Loop, a vibrant community that offers residents a unique experience and a wide-range of destinations, including entertainment venues, fine dining and specialty shops," says Grady Hamilton, principal and head of Trammell's Midwest Business Unit. "We have excellent partners and are pleased to be moving forward with such a unique development in the heart of the North Loop."

Just last week, Trammell began developing another six-story, 260,000-square-foot building with 165 luxury residential units on two acres in suburban Golden Hills.