Thursday, November 15, 2012
All but four apartments in the development have been rented already.
“Long slog. Long slog,” developer Bill Beard joked after Mayor Gene Maxwell cut the ribbon Thursday at the Marketplace & Main development in downtown Hopkins. “We probably have the record for the most extensions.” The Beard Group’s mixed-use development at Seventh Avenue and Mainstreet certainly faced its share of hurdles. But just a couple months after first welcoming renters, it has nearly filled all its units. The building has just four units left for rent—an occupancy rate well in excess of 90 percent. The ground-floor retail space has not yet been rented, though. Developers, including Beard, have said retail is still a difficult proposition in the current market. Those overseeing the nearby Klodt Development on Eighth Avenue, for …
Tuesday, August 7, 2012
Downtown Hopkins' newest addition will see its first tenants in September.
City staff and Hopkins City Council members were given a tour of the soon-to-open Marketplace and Main mixed-use development yesterday evening, previewing the four-story housing and retail space located at the corner of Mainstreet and 7th Avenue North. Following project delays the development broke ground in July 2011; developers expect renters to begin moving in on Sept. 15. The Marketplace and Main development had originally planned to include seven newly-built townhomes on the northeast corner of Mainstreet and 7th Avenue North, adjacent to the apartment building; developers said that part of the project has been put on indefinite hold due to a variety of factors, including concerns about too much construction noise occurring at one …
Friday, October 14, 2011
Move-ins will start July 2012.
The long-planned Marketplace & Main project is at last accepting reservations for its 53 high-end apartment units—with the first move-ins scheduled for July 2012. Marketplace & Main, a mixed-use project by the development firm The Beard Group, has been delayed throughout its planning process. Most recently, backlogs at the U.S. Department of Housing and Urban Development held the project back. But the developers broke ground in July and have steadily been progressing with construction—as evidenced by the sizable hole at the corner of Seventh Avenue and Mainstreet. The building has 15 different floor plans. Prices start at $1,095 for a one bedroom in the 700-square-foot range, Steven Scott Management, the company that will manage the …
44.92439
-93.40881
7th Ave N & Mainstreet, Hopkins, MN
/articles/marketplace-main-accepting-reservations
/locations/5598726
Wednesday, July 27, 2011
HUD, FHA mandated that Hopkins change Marketplace & Main agreements.
The long-delayed Marketplace & Main project faced yet another hurdle this week—this time from federal mandates on contract language that City Council members thought were irrational. “It’s because they have a regulation," said Councilman Bruce Rowan. "Whether it’s logical or not, it doesn’t matter. They have a regulation.” Marketplace & Main is an $11 million mixed-use development at Mainstreet and Seventh Avenue North—the site of the former Hopkins Honda body shop and used car sales lot. It will have more than 50 apartments and townhomes in addition to shops and retail space on the ground floor. Hopkins signed off on the final Marketplace & Main paperwork Tuesday under pressure from the U.S. Department of Housing and Urban Development and…
44.92439
-93.40881
7th Ave N & Mainstreet, Hopkins, MN
/articles/feds-to-hopkins-get-in-line
/locations/4946811
Wednesday, July 13, 2011
Construction is set to begin in August.
Marketplace and Main is off the ground at last. A crowd of about 30 people gathered Tuesday afternoon at the site, near the intersection of Seventh Avenue and Mainstreet, for a groundbreaking ceremony marking the start of the project. Marketplace and Main, a mixed-use project proposed by the development firm The Beard Group, had been delayed throughout its planning process. Most recently, backlogs at the U.S. Department of Housing and Urban Development held the project back. It will have more than 50 apartments and townhomes in addition to shops and retail space on the ground floor. “It was kind of like giving birth, but we’re here,” said Beard Group CEO Bill Beard. “When the deal is hard and difficult, that’s when you know you have good …
44.92439
-93.40881
7th Ave N & Mainstreet, Hopkins, MN
/articles/developers-break-ground-at-marketplace-and-main
/locations/4831203
