Monks Avenue Development

Mankato, MN | Commercial

Overview

A tired 1970s era, partially empty single-story retail center was transformed into a modern, three-story mixed-use development just one block east of the Minnesota State University, Mankato, campus.


Opportunity

Located near a busy university campus, the retail center on the Monks Avenue Development could accommodate a major addition that would satisfy the high demand for student housing in the area.

Solution

ISG designed a new 28,500 sq. ft., two-story addition on top of a former single-story retail center for student residential apartments. The lower level of this building was completely renovated for both existing and new tenants who wanted to reach customers in this revitalized development next to the busy campus. To accommodate the increasing and diverse student housing needs in the area, two-, three-, and four-bedroom units were added on both upper floors for a total of 22 units. The development was fully leased before it was completed due to high demand for the units, which include expansive bedrooms, multiple bathrooms, open kitchen designs featuring a center island and tabletop bar, hardwood flooring, and contemporary ceramic-tiled bathroom floors.

The existing concrete block walls of the original building remain, but new exterior metal panels with contrasting colored stucco walls have rejuvenated the façade. A modern design with expansive windows on all three levels revitalized the site into a contemporary, mixed-use destination for housing, restaurants, and services.


Market News

ISG Welcomes Division I Collegiate Hockey Coach into Firm

July 27, 2021 (Mankato, Minnesota) – ISG welcomes Darren Blue, from Minnesota State University, Mankato’s Men’s Hockey, as one of its newest employee-owners. Blue will be joining the firm as a Development Strategist with the Sports + Recreation business unit, bringing a variety of sports experience from high school, semi-professional, and collegiate levels. His years both on the ice and at the bench as a coach, in multiple sports arenas, give the firm a look into the needs and desires of spectators, athletes, and staff alike.
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ISG Welcomes Facilities Management and Planning Strategist, Thad Dahling

Thad Dahling joins ISG as a Facilities Management and Planning Strategist, providing school districts with facility assessments, deferred maintenance plans, and pre-referendum support to improve and enhance learning environments throughout the Midwest.
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