MINNEAPOLIS—The Twin Cities' skyline is about to get yet another change, as the luxury apartment market continues to expand. The Opus Group is set to begin a 30-story multifamily and retail development in the heart of downtown Minneapolis, located at 365 Nicollet Ave.

City officials say the project supports their goal to double the downtown population by 2025, driving business vitality and cultural renewal in the area, particularly the north end of Nicollet Mall. Opus has played a significant role in the evolution of this area, having recently completed two major projects on adjacent blocks – The Nic on Fifth^® and Xcel Energy's headquarters at 401 Nicollet. The Minneapolis-based company will begin construction on the new high-rise in early October.

“This project sets a new standard for luxury living in downtown, and we're thrilled to add yet another Opus structure to the iconic Minneapolis skyline,” says Matt Rauenhorst, vice president, real estate development, Opus Development Co., LLC. “Opus is proud to continue playing a significant role in the transformation of the north end of Nicollet Mall. We're committed to Minneapolis' vision for growth, and our redevelopment of this site is further demonstration of our commitment and the strength of the market.”