Mixed-use development will be complete in fall 2016 and will include retail and residential

MINNEAPOLIS (Nov. 12, 2015) – United Properties is breaking ground this week on Kenwood Village, its mixed-use development in Duluth. Located at the southwest corner of Kenwood Avenue and Arrowhead Road, the site will include approximately 14,000 sq. ft. of retail space and 83 market-rate apartments ranging in size from studio to three-bedrooms. Construction is scheduled to be complete in fall 2016.

The four-story development will include a mix of retail tenants and apartments on the first floor, and another three stories of apartments above. The retail and housing will be served by a parking deck with covered parking below.

United Properties first provided details of the development after it purchased property from Duluth Teachers Credit Union, as well as four adjacent residential parcels. Since then, United Properties finalized the design and development plan, and worked through the entitlement process with the City of Duluth.

About United Properties
United Properties, based in Minneapolis, specializes in commercial real estate development and investment. Since 1975, United Properties has provided development services for the retail, residential, office, medical and industrial sectors. In addition to a large presence in the Minneapolis-St. Paul market, United Properties’ Colorado division develops retail, office and industrial buildings. Formed in 1916, the United Properties investments group acquires, manages, finances and disposes of the company’s real estate investments, which includes nearly 50 office, medical, industrial and retail assets in Minnesota, Wisconsin, Illinois and Colorado. For more information, visit www.uproperties.com or follow on Twitter at @UPDeepRoots.

Media Contacts
Jessie Timmerman
952.837.8516
jessie.timmerman@uproperties.com

Martha Nevanen
952.893.7539
mnevanen@northmarqcompanies.com