Hines and Laramar Group Open Dock Street Flats Leasing Center in Minneapolis’ North Loop

(MINNEAPOLIS) – Hines, the developer of Dock Street Flats, along with Laramar Group, the project’s property manager and leasing agent, today announced the opening of the Dock Street Flats’ leasing center in the Union Plaza Building, 333 Washington Ave. N., Suite 100. Resident occupancy for Dock Street Flats is scheduled for December 2013.

The six-story, 185-unit residential project at 337 Washington Avenue North is situated in the heart of the North Loop, which was rated by Forbes Magazine as one of “America’s Best Hipster Neighborhoods.” A true urban environment, the North Loop unites the best of Minneapolis: the Mississippi riverfront with parks, trails and recreation; the historical Warehouse District with bars, restaurants, clubs and dynamic businesses; Target Field and Target Center, two of the most significant entertainment venues in the state; and the Farmer’s Market.

These are all within a short walk of Dock Street Flats.

The project was designed by local architect ESG to complement the surrounding historic neighborhood and architecture, while providing residents with the only walk-to-work location via the skyway system in the North Loop, as well as a convenient connection to the Cedar Lake Trail.

“Dock Street Flats is our first multifamily project in Minneapolis, and provides an unparalleled location within one of the most desirable urban neighborhoods in the Twin Cities,” said Hines Minneapolis Director Bob Pfefferle. “The North Loop is at the epicenter for the ultimate urban living experience, regardless of age or cultural interests. Dock Street Flats is designed to encourage an active lifestyle – to explore the neighborhood and enjoy what this great American city has to offer.”

“Residents at Dock Street Flats will enjoy not only the convenience of the location, but the abundance of amenities that make this the most appealing new rental building in Minneapolis,” said Jacquie Pavlak, area vice president for Laramar Group. “The enthusiasm seen thus far for Dock Street Flats indicates it will be in high demand.”

Dock Street Flats’ amenities include: a rooftop deck with an outdoor architectural fire feature and skyline views; a sun terrace with a spa and pool; a lounge/pub room; an Internet café and WiFi throughout the building;

outdoor grills; outdoor courtyards and fireplaces; a club-quality fitness center; a pet bathing station and outdoor pet exercise area; bicycle storage and a repair station; a community bike share program; a concierge and on-site management; secure underground heated parking; an on-site car sharing program with ZipCar; on-site retail; and immediate access to the Cedar Lake Trail and skyway system.

For more information, visit www.dockstreetflats.com. To contact the leasing center, please call (612) 200-1072.

About Laramar

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 manages in excess of 30,000 units and over 1M square feet of retail assets. For more information, please visit www.laramargroup.com.

About Hines

Hines is a privately owned real estate firm involved in real estate investment, development and property management worldwide. The firm’s historical and current portfolio of projects that are underway, completed, acquired and managed for third parties includes 1,273 properties representing more than 514 million square feet of office, residential, mixed-use, industrial, hotel, medical and sports facilities, as well as large, master-planned communities and land developments. With offices in 113 cities in 18 countries, and controlled assets valued at approximately $24.3 billion, Hines is one of the largest real estate organizations in the world.

Visit www.hines.com.

Dock Street Flats

Dock Street Flats Rooftop

Dock Street Flats Interior