Norheim Townhomes

Nörsq Companies is currently constructing a 208 unit single family rental housing community in the Northwest corner of Maple Grove, a city highly regarded for its great schools, park systems, retail, and close proximity to major employers.  More specifically, young families are seeking communities like Maple Grove 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 2022 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.

Townhome living options range from a 3-story 2 BD home with 1,338 SF of living space with a 2-car garage and outdoor patio or a 2-story 3BD townhome with 1,883 SF of living space, 2-car garage and outdoor patio.  Residents will be greeted with a prominent entrance with a tree lined boulevard leading to the main clubhouse that will provide ample amenities for residents.

Property Stats

• 366,209 sq. ft.

• 208 units + Clubhouse building

• $68 million

• Construction start: January 2024

• Projected Construction completion: Summer 2026

• Architect: Practic Design

• Civil: Westwood Engineering

• Propery Website: https://livenorheim.com/