Antlers Cove -Mixed Use

Nörsq Companies is proposing a new construction mixed use community with 10 acres of retail and a 139-unit single family rental housing community in the heart of Lakeville, MN (Population of 77,971). Lakeville is a city highly regarded for its great schools, park systems, retail, and close proximity to major employers.  Lakeville is one of the fastest-growing cities in the state of Minnesota, with population growth of 14% in the past 10 years.  More specifically, young families are seeking communities like Lakeville to start families however, America is currently grappling with the widest housing cost gap for owning vs. renting a home on record since the federal government started tracking in 1954. The average house payment for a newly purchased home in Q3 2023 was 57% more expensive than the average monthly rental, the widest cost gap on record.  With record high single family home prices in the for-sale market, coupled with low inventory and high mortgage interest rates, this project seeks to provide the same benefits of homeownership, including larger living spaces, personal 2-car garage, and outdoor patio space without the headaches, upkeep and expense of homeownership.

The project will include high-quality construction with an engaging Scandinavian design that compliments the adjacent buildings while creating its own unique identity. The site will include stainless steel appliances and LVT flooring. The townhomes will include 3BD twinhomes,  2 BD/2BA and 3 BD/3BA units. Amenities will include a dog park, walking trails throughout the site, pool, fitness center in the clubhouse, and kid's play area in the clubhouse.

Property Stats

• 366,209 Gross Building sq. ft.

• 139 units + Clubhouse

• $48million

• Construction Start - Estimated Spring 2026

• Completion - Late fall 2027