The median rent for a one-bedroom in the Mankato area is $675, more than 35 percent less than the Minneapolis area, at $1,050. If Greater Minnesota students come to college in the Twin Cities, get jobs in the Twin Cities and never return to their hometowns, that’s depressing prices in places like Mankato. If each member of a family of four in Edina over the course of a decade each moved to Minneapolis, that added three apartment renters or maybe condo buyers in Minneapolis and took away one home buyer in the suburbs. The real question is from where to where. That project, just a hop and skip away, is adding 333 apartments and 8,163 square feet of commercial space.īut with all these Instagram influencers moving in, they are vacating apartments or basements elsewhere. Don’t be surprised by high rents at the Odin development under construction. Clearly, CenHen is gentrifying as it becomes a more vibrant business district. So the question is: Will Rafter be part of a wave of gentrification on CenHen and Northeast, or will the new high-end units draw high-income renters from the rest of the market and not affect median rents? Only 81 package spaces are available for 283 apartments, so an overflow room is provided as well. With only 81 spaces for 283 apartments, an overflow room is provided as well with cold storage for grocery delivery and meal kits.
RAFTER APARTMENTS CODE
The resident enters a code to pick up the package from the locked space and “go on their merry way.” Excelsior can add more wall units or reconfigure spaces to fit what the residents need.
RAFTER APARTMENTS DRIVER
A delivery driver drops off the package and scans it into the system, which initiates a text to the resident. The wall unit has 81 spaces with different sizes optimized to what the expected package load will be based on Luxer’s data from other buildings. That’s why developer The Excelsior Group installed a Luxer One automated package management system. Managing package delivery takes staff time, and labor is expensive. My apartment building has 512 units, and we have Amazon, USPS, UPS and FedEx coming every day - several times a day in the case of Amazon. One issue that vexes all multi-unit buildings is package delivery. It’s the simple things in life that justify $4.08 per square foot.
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