Latitude 45 Apartments reach “Topping Off” Milestone

FOR IMMEDIATE RELEASE

November 3, 2014

Contact: Jon Fletcher, Alatus LLC
612.455.0709 | jdfletcher@alatusllc.com

Minneapolis, MN – On November 4th, Latitude 45 Apartments and its project team, including over 200 construction workers, will celebrate Latitude 45’s “topping off” milestone; marking the end of the project’s vertical ascent to 13 stories (including 2 Penthouse floors) and the completion of the project’s heavy steel and concrete work. Latitude 45 is being developed by Minneapolis-based Alatus LLC along with project partners Doran Construction, ESG Architects, and The Laramar Group.

Latitude 45, which is expected to be delivered during the summer of 2015, is located at 301 Washington Avenue South in Minneapolis and will be the closest skyway-connected upscale apartment homes to the Mississippi River. Following the topping off, Doran Construction will complete the post-tension concrete aspect of the building and proceed with installing exterior wall systems including windows. Interior rough-in of mechanical and electrical is also underway.

Doran Companies Founder and Principal Kelly Doran says, “Latitude 45 has been the model for teamwork and creative solutions between the owners, architects, and Doran as general contractor. We are proud to have been a part of a team that achieved this milestone so quickly and we are looking forward to the next phase of construction and to delivering a best-in-class product and a new exciting residential community for Downtown Minneapolis.”

With 319 luxury apartments planned, the 500+ residents of Latitude 45 will enjoy new vibrancy along Washington Avenue and stunning views of the Mill District, city skyline, Mississippi River, and new Vikings stadium. These modern luxury apartments will attract a diverse, creative, professional crowd to the city of Minneapolis. With a new destination restaurant, and additional retail tenants in final lease discussions, Latitude 45 will not only contribute to but also help to further define the identity of the neighborhood as a special place to live.

“We are very excited to be leading the development of Latitude 45. The Mill District has so many wonderful characteristics and we are pleased to be able to continue to build upon recent successes of Washington Avenue and further establish the neighborhood as a vibrant, pedestrian-friendly community through the Latitude 45 Apartments.” says Bob Lux, Founder and Principal of Alatus LLC.
The impressive list of amenities that Latitude 45 will offer its tenants, to name only a few, includes a rooftop garden terrace, a private rooftop pool, fire pits, grilling stations and bar areas, and an outdoor theater. A rooftop dog park and splash pad will attract animal lovers to this modern apartment oasis. Additional amenities include a highly desirable direct skyway connection to downtown Minneapolis, a skyway-level lounge, a penthouse level clubroom and private event space, a best-in-class restaurant by Ryan Burnet, and a heated bike-rider lounge and workshop.

For more information, visit www.l45living.com and www.alatusllc.com.

About Alatus LLC:
Alatus LLC strives to help create a better Minneapolis. The company is a leader in local commercial and residential real estate development, with downtown’s Mayo Clinic Square, The Carlyle (co-developed with The Opus Group), and Grant Park (co-developed with The Opus Group) among the many properties in its development portfolio. It also manages many single-family construction and parking endeavors, including MyHomeSource and Minneapolis Parking. For more information, visit www.alatusllc.com.

About Doran Construction:
One of the fastest growing general contracting construction companies in the Upper Midwest, Bloomington, Minnesota-based Doran Construction has recently completed, or currently has under construction, 17 Multi-family housing projects worth over $400 million in value. These projects include both post-tension concrete towers and concrete-based wood frame structures.

About ESG Architects:
Elness Swenson Graham Architects is an award winning design firm with a national practice in urban residential, hospitality, workplace environments, higher education, branding, and graphic design. Headquartered in Minneapolis where the firm enjoys a leadership position in redevelopment, ESG won the American Institute of Architects Firm Award for “innovation in urban residential mixed use design.”

About The Laramar Group:
The Laramar Group, founded in 1989 and with corporate headquarters in Chicago and property management headquarters in Denver, is a national real estate investment and management company with 14 regional offices and more than 1,000 employees across the United States. With an established strategy of pursuing value-add investments in multi-family real estate assets on a national basis, the Laramar Group and its predecessor company have invested roughly $3 billion throughout the United States and currently owns and/or manages in excess of 30,000 units and over 1M square feet of retail assets. For more information, please visit www.laramargroup.com.

Headquartered in Minneapolis, Minnesota, Alatus, LLC was founded in 2005 with the goal of revitalizing communities through the planning, design and construction of transformative projects. Known for its dedication to excellence, Alatus is a leader in multi-family as well as mixed-use, commercial, and single-family residential real estate developments.

The company also includes MyHomeSource, LLC, which focuses on single-family home construction throughout the Minneapolis/St. Paul metro and brings more than 30 years of real estate, design, and construction experience to each neighborhood. With numerous, award-winning urban and suburban developments, Alatus proudly partners with clients and communities throughout the Upper Midwest.