Dominium Begins Construction on Preserve at Shady Oak and the Legends of Minnetonka

Dominium, a Minneapolis-based leading apartment owner, developer and manager, announced today that it has begun construction on the Preserve at Shady Oak and the Legends of Minnetonka, two properties that will provide a combined 482 units of affordable housing in Minnetonka, Minn.

Dominium began construction on the properties in November. The Legends of Minnetonka will consist of 262 new affordable, independent senior living units. The Preserve of Shady Oak will consist of 220 new units. Combined they will be the largest affordable housing development in Minnetonka, and one of the largest in the state.

“This project will bring a combined 482 units of much-needed affordable housing for families and seniors to Minnetonka,” said Ryan Lunderby, vice president and project partner. “These properties will help revitalize the Opus area and will stimulate further development along the future light rail line. We have been thrilled with the amount of support we have received from the City of Minnetonka for this project and are looking forward to working with them throughout the construction process.”

Click to read more in the Dominium Press Release