The North Loop in Minneapolis will soon play host to a Minnesota first. Todd Simning and Colin Oglesbay announced that they will break ground on a 10-story, 7,500 square foot retail, 79-unit LEED Gold luxury mixed-use condominium building, TMBRTM, this fall with completion early 2021.
Simning is president of Excelsior-based luxury homebuilder Kroiss Development and Oglesbay is managing principal of Minneapolis-based D/O Architecture. Simning and Oglesbay are developing the project under newly formed TMBR Development, LLC.
TMBR, planned for a half-acre parcel located at 100 North Third Avenue, will feature the Twin Cities’ first residency constructed using mass timber frame. Mass timber construction creates an efficient, sophisticated and durable post-and-beam system while incorporating minimal steel and concrete. It is also sustainable, renewable, durable and uses the least amount of energy to build and contributes to lower greenhouse emissions.
TMBR, the vision of Oglesbay, will be a showcase of sustainable features, including a partial green roof and gardens, high performance thermal windows and electric car charge stations. The design features a singular mass of glass and terra cotta paneling resting upon a base of black steel. Residents will be treated with expansive views of the Minneapolis skyline and the Mississippi River, within easy walking distance of the North Loop retail shops, grocery and restaurants. Reservations for this new residence are limited to 79, with options for one, two, three-bedroom and penthouse units, starting at $450,000.
“TMBR will appeal to those seeking a boutique style luxury home but who also want more than just another condo. They are seeking something different, something smarter, more ecological, sustainable and with high end finishes.” said Simning “We’re starting a new revolution in development.”
Simning believes TMBR will do for residential construction what T3 did for office buildings. In 2016, T3 became the first mass timber construction office building in the Twin Cities.