Condo Sales at Eleven Hit Half-Way Point

Minneapolis, MN
(
Feb 11, 2020
)

Ryan Companies and Luigi Bernardi announce today that Eleven has sold over half of the residences in the 550-foot, 41-story tower that will be Minneapolis’ tallest residential building. In addition, Chicago-based Sudler Property Management has agreed to terms with the project team to offer resident owners a new-to-market level of customized services and amenities. 

“We knew there was a severe lack of inventory in the luxury condo market in the Twin Cities area and the pace at which these homes have sold bears that out,” said John Wanninger of WMG Partners at Lakes Sotheby’s International Realty, which is selling homes at Eleven.  “What has been extremely gratifying is that this project defies the norms of a typical winter project. December and January felt like a spring market, and we are very happy with our sales for the project overall.”

Sudler Property Management, Chicago’s premier property management firm, is known for providing concierge support at prominent residential addresses in Chicago including No. 9 Walton, Park Hyatt Residences, and the Palmolive Building.

“After searching nationwide, the team at Eleven is thrilled to announce Sudler as our partner to provide the residents of Eleven with all the benefits, experiences and amenities of a five-star hotel,” said Luigi Bernardi, CEO of Arcadia, LLC, and co-developer of Eleven. “Sudler’s vast resources in its management team, innovative technology and legendary reputation for service will provide the residents of Eleven with stellar 24/7 attention from the moment they enter the building.”

The Eleven team toured more than 30 projects in North America seeking the best-in-class for every facet of Eleven. Sudler Property Management stood out for its attention to detail. Eleven will be Sudler’s first property in Minnesota.

“Our Sudler team will provide the residents of Eleven with calm, attentive expertise, from the 24/7 greeting as they arrive in the building’s motor court, to concierge-level support for parcel and grocery delivery, to floral arrangements effortlessly refreshed daily and much more,” said Steven Levy, President of Sudler. “Eleven owner-residents can expect true service and everyday luxuries provided with Midwestern charm, hospitality, and care. Our goal is to establish ‘Sudler-managed’ as a mark of excellence in Minneapolis. We are proud to set that standard at Eleven.”

At Eleven, residents will enjoy a level of amenities above and beyond those offered elsewhere in Minneapolis. The building’s riverfront location, convenience to Gold Medal Park, music venues, theaters, and museums, is as unique as it is inviting. Situated near the Stone Arch Bridge, set back from the chaotic busyness of the urban center, Eleven’s resident owners will appreciate a green setting with stunning views of the city. Eleven will foster a true sense of community among its owners.

“Eleven’s design is magnificent and unparalleled in the marketplace,” said Bernardi. “As a future resident of Eleven, I am looking forward to raising the bar on the standard of living and personal service for each homeowner; and Sudler provides a critical part of delivering that experience.”

 

About Eleven

The 550-foot, 41-story Eleven tower will be Minneapolis’ tallest residential building and first designed by Robert A.M. Stern Architects (RAMSA), based in New York City.  Luigi Bernardi of Arcadia LLC is serving as the project sponsor and co-developer and Ryan Companies is serving as co-developer, builder, and is partnering with RAMSA as the architect. RAMSA, Ryan, and local firms Peterssen/Keller Architects, Martha Dayton Design and Lakes Sotheby’s International Realty have ensured the building interior is as thoughtful as its exterior. Amenities include a large landscaped terrace that will be unlike any other in the city including a 25-yard lap pool, a private motor court,  a 24/7 doorman, an expansive fitness suite, a multi-sport court, a library, a golf simulator, a children’s splash pad, retail space (ideally for a restaurant), a demonstration kitchen with dining, residential and guest parking, storage, and more.  For reservation inquiries, contact Lake Sotheby’s International Realty at (612) 340-9000.

 

About Arcadia LLC

Luigi Bernardi serves as president of two real estate development and investment companies, Arcadia LLC and Aurora Investments which began developing Twin Cities commercial real estate in 1987. Now, focusing on medical-related facilities and multi-family residential development, recent projects include the Velo luxury apartments in downtown Minneapolis’ North Loop neighborhood and Aurora on France in Edina.

 

About Robert A. M. Stern Architects

Robert A.M. Stern Architects is a 265-person firm of architects, interior designers and support staff that has earned an international reputation as a leading design firm with wide experience in residential, commercial, and institutional work throughout the U.S. and around the world. The firm’s extraordinary portfolio of residential buildings, combining its longstanding dedication to the design of private residences with its deep commitment to urban place-making, includes such record-setting landmarks as 15 Central Park West in New York for Zeckendorf Development and residential towers in Boston, Philadelphia, Washington, Atlanta, Dallas, Chicago, Los Angeles, Toronto, and Vancouver. "Eleven" is the firm's first project in Minneapolis.

Robert A.M. Stern, FAIA, practicing architect, teacher, and writer, served as Dean of the Yale School of Architecture from 1998 through June of 2016. As founder and Senior Partner at Robert A.M. Stern Architects, he directs the firm's architecture, planning, interior design, and landscape design projects. Mr. Stern was the 2011 Driehaus Prize laureate and has received both the Athena Award from the Congress for the New Urbanism and the Board of Directors’ Honor from the Institute of Classical Architecture & Art.

Paul L. Whalen, FAIA, is a Partner and Studio Leader at Robert A.M. Stern Architects whose work includes the design of record-setting multifamily residential buildings across the United States as well as in Canada, South America, Europe, and Asia. Along with Mr. Stern, Mr. Whalen is co-author of the 2016 monograph City Living: Apartment Houses by Robert A.M. Stern Architects. He currently serves as the President of Sir John Soane’s Museum Foundation.

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