Gaughan Prepares for Multi-Family Development Project in Shakopee
The Shakopee City Council approved the 126-unit multi-family development for downtown Shakopee, proposed by Gaughan, at their July 3 meeting. Minnesota-based commercial real estate developer, Gaughan has an affinity for sites with the potential of the Shakopee project. Senior VP of Commercial Accounts Dan Hebert says, “[Gaughan’s] primary focus is redeveloping sites and revitalization of downtown markets.”
This piece of land on the north end of downtown faces the Minnesota River. The team at Gaughan has planned for an apartment community with five stories, underground parking, and a restaurant on the first floor.
Gaughan’s most recent multi-family development, Lighthouse Lofts Luxury Apartments located in the downtown community overlooking the lake, will open next month in Forest Lake, Minn.
Read the entire article from Finance & Commerce here.
Gaughan Senior Associate Speaks at Land Development Conference
On Friday, May 4, 2018, Gaughan Brokerage Senior Associate, Tom Opsahl, participated on a panel for the 14th annual Land Development Conference. This conference is hosted yearly by the Minnesota Real Estate Journal at the Golden Valley Country Club.
The topic of Opsahl’s panel was “Commercial Land Development Forecast for 2018 and Beyond.” The panelists discussed the current market conditions, development project updates for 2018, challenges with land development, financing for development projects, and the future of development.
The other four sessions at this year’s conference were “Municipalities: Your Partner for Land Development and What You Need to Know,” “Key Issues to Consider When Structuring Real Estate Joint Ventures,” “Frontiers: Lessons in Greenfield Development,” and “Residential Land Update and Opportunities.” We look forward to next year’s conference and the updates that we will be hearing based on the sessions this year!
Tom Opsahl joined Gaughan Companies in November of 2016 as a Sales & Leasing Associate. Earning his real estate license in 2002, he brings a wealth of commercial real estate knowledge and experience to our team. Opsahl is currently working with a local family in Prior Lake to sell their 495-acre historic property, as well as another 500-plus acre contiguous property in the Lino Lakes-Blaine area.
If our team can assist you with your Commercial Real Estate needs, please contact us at 651-464-5700 or info@gaughancompanies.com.
Gaughan Represents at Chamber Golf Tournament
We were honored to be a sponsor at the 30th annual MetroNorth Chamber Golf Tournament to help raise money for their mission of strengthening business in the community.
Our team had a blast staffing a hole and playing a round of golf with other chamber members and guests at Majestic Oaks Golf Club! We always enjoy events held by the MetroNorth Chamber of Commerce and are pleased to be a member. We are excited about the growth in our communities and the active role that the MetroNorth Chamber plays in the community.
Gaughan Senior Brokerage Associate Facilitates 495-Acre Listing
In a recent article, the Prior Lake American covered the sale of a 495-acre listing, owned by a local family in Prior Lake, Minnesota. While the details of how the land will be divided are not complete, the number of interested buyers continues to increase.
“So far, it’s been a combination of out-of-state and international-type investors, local investors, and everything in between,” Tom Opsahl said. “It’ll be really interesting to see over the next 12 months how it turns out.”
For more information about this and other listings, contact Gaughan Senior Brokerage Associate Tom Opsahl at 651-255-5569.
Gaughan Remodels for Chic iLash Beauty Bar
Congratulations to iLash Beauty Bar on opening their Forest Lake location! Owner Jacqueline Loerzel leased her new space in December with the help of our VP of Commercial Accounts, Lucas Gaughan, and she is now open for business in the Town Square Building.
The iLash Beauty Bar is a peaceful and relaxing boutique. Gaughan Construction was grateful for the opportunity to remodel the new space. Jacqueline has been in the industry for 11 years and enjoys getting to know her clients and their families. She has even provided a dedicated area for children to play in while they wait. Jacqueline has many clients who drive up from the Twin Cities, so this location was a perfect option.
You can visit Jacqueline at iLash Beauty Bar at their new location: 20 N Lake St, Suite 320, Forest Lake, MN 55025
If your business is expanding or needs a remodel, call us at 651-464-5700!
