Illinois developer plans 66-home community in Maple Grove
by NICK WILLIAMS, Minneapolis / St. Paul Business Journal
This article was originally published on February 24, 2017 by Minneapolis / St. Paul Business Journal.
A Illinois developer is planning to build a 15-acre rental unit living community in Maple Grove, one that will include a playground, a fenced-in dog park, outdoor recreation area and a business and fitness center.
Naperville, Ill-based developer Watermark Equity Group recently submitted plans to the City of Maple Grove to build Mills Creek, a community along Forestview Lane and 86th Ave. that will consist of 66 single-family rental units. The homes will have two to three bedrooms, range in size from 1,000 to 1,600 square feet, with options for one or two stories. Each home will have a two-car garage. Prices for the rental units are estimated to be between $1,800 to $2,300.
There will be no homeowner association fee's for the neighborhood, according to city documents.
A clubhouse within the community will include a recreational room, business and fitness center and property management office. A patio located near the clubhouse will offer seating, fire pits and a grilling area. The recreation area will have a golf putting area, a fitness trail featuring exercise equipment, like pull-up bars and step-up boxes, and a game lawn. The fitness trail would also be used for cross country skiing in the winter months.
Maple Grove's city council will decide whether to approve the development plan on Monday.
Nick Williams is a staff reporter for Minneapolis / St. Paul Business Journal and covers manufacturing, airlines / aviation, residential real estate / homebuilding and diversity in business.