Jun 1 2013
Investors Real Estate Trust, and Brutger Equities, Inc. announced today that that their partnership, IRET-WRH 1, LLC, has commenced construction on Phase I of the Renaissance Heights Apartments project in Williston, North Dakota. The Renaissance Heights Apartments project will add approximately 750 units to the area upon completion of the planned three phases.
Phase I of the Renaissance Heights Apartments project will consist of 288 units spread over five buildings, and commenced construction in April 2013. The project will feature tuck under- and detached parking, an indoor pool and spa, a modern fitness center, and a theatre with lounge seating.
The luxury apartment units at the complex offer one, two, and three bedroom floor plan options, featuring in-unit washer and dryer, fully-equipped kitchens, oak cabinetry, and electronic key fobs at unit entry doors. Floor plans will range from 800 square feet to 1,460 square feet, with cable and Wi-Fi internet service accessible in each unit.
"As more families relocate to this area, we believe there will continue to be a strong demand for high quality housing in western North Dakota, and we are pleased to provide it," said Larry Brutger, President of Brutger Equities, Inc. "We are excited to again partner with IRET."
"IRET is continuing to focus on the need for quality multi-family housing in the markets in which it currently has a presence, in accordance with the company's strategic plan," according to Tim Mihalick, President and CEO of IRET.
The project, with First International Bank and Trust acting as lead lender with participation and support from the Bank of North Dakota, will be holding a ground breaking event on June 26th, at 4:00 PM. IRET-WRH 1, LLC expects to begin opening buildings in January 2014.