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

Midwest-Based ISG Pushes for Positive Architecture and Engineering Industry Impact

June 27, 2019 – Nationwide impact is being led by Midwest-based ESOP firm ISG, with the firm having earned a Top 10 spot on the coveted Zweig Group Top 100 Hot Firm List. The architecture, engineering, environmental, and planning firm with 300 professionals in offices across four states has earned a spot on the list for eight years in a row, breaking through the Top 10 in 2019 to surpass last year’s #14 Hot Firm ranking. ISG also earned, again, a Marketing Excellence Award and Best Firms to Work For designation in various categories, including multi-disciplinary.
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ISG Expands Architecture and Engineering Footprint into Minneapolis West End

June 13, 2019 – ISG, a nationally recognized architecture, engineering, environmental, and planning firm, recently added a second Twin Cities offices location in the West End of Minneapolis, its third within the State. With deep Minnesota roots that date back to the firm’s inception in Mankato over 46 years ago, ISG has grown to 300+ professionals with clients nationwide and offices in four states. The firm’s West End location will be its 10th office for the 100% ESOP, complementing Bloomington and Mankato in Minnesota.
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