Sherman Associates recently celebrated the grand opening of Moment, a mixed-use development in the Twin Cities with 222 market-rate apartments, nearly 15,000 square feet of street-level commercial space, and a future New Horizons Academy day care center.
The 10-story building also includes Firefighters for Healing’s Transitional Healing Center on the second floor. Touted as the first of its kind in the United States, the center includes 12 fully furnished "Home Away from Home" suites available to families of burn survivors, firefighters, and first responders traveling to Minneapolis for care at nearby Hennepin Healthcare.
“Moment shows what is possible through the partnering of businesses, cities, and nonprofits to create a better neighborhood, support those in need, and deliver high-quality housing and community amenities,” says George Sherman, CEO of Sherman Associates.
In May 2021, Sherman acquired the site from Thrivent Financial. Moment and Thrivent's headquarters are adjacent and linked by a shared driving court, underground parking garage, and a skyway connection. Being connected to the skyway system is an added amenity for residents, guests, customers, and employees.
Ranging in size from 496-square-foot studios to penthouses with more than 1,700 square feet, Moment residences feature stainless steel appliances, quartz countertops, and in-home washers and dryers; most have a private balcony, a built-in desk with open shelving, a smart refrigerator with remote monitoring and temperature control, and a smart gas range with voice-enabled controls. Residents have access to a variety of amenities including a five-star lobby; a pool terrace; a sauna and spa; a sports simulator; a rooftop terrace; a fitness studio; a work-from-home area; a makers’ space; and a dog run and pet spa.
Transit-oriented, Moment represents Sherman’s dedication to environmental sustainability and promotes the use of sustainable transportation practices being located on a high-frequency bus route and only a five-minute walk to the light-rail system. Additionally, on-site bike storage, a repair area, compact car stalls, and future electric vehicle charging stations in the underground parking garage further encourage green modes of transportation. Energy usage for Moment is partially offset by energy production from a solar garden located in Carver County.
Design and artwork selections boost the feel-good supply of Moment’s residents. The theme seeks to provide needed moments of joy to the burn survivors and their families staying at the Transitional Healing Center. A Moment-themed mural by Juxtaposition Arts in the skyway welcomes guests and visitors as they pass by on the way to the Transitional Healing Center.
Sherman routinely seeks projects that have a significant impact on the communities in which they’re located and include the adaptive reuse and historic rehabilitation of NorShor Theatre in Duluth, Minnesota, and the development of two solar gardens in Washington County and Carver County that provide renewable energy to Sherman-owned properties in the state, reaching over 4,000 renters.
The $83 million development was financed by a bank group led by TCF Bank, now Huntington Bank. ESG Architecture & Design was the architect, and Kraus-Anderson was the general contractor.
“This project is the result of many factors coming together when the world was quickly evolving due to the COVID-19 pandemic,” says Carole Mette, senior developer at Sherman Associates. “Our team, along with our steadfast partners, overcame the challenges together and brought the project to the finish line.”
Moment joins Sherman’s portfolio of over 800 units in the nearby Mill District neighborhood, plus its 216 units underway in Northstar East in the central business district and roughly 500 units to be delivered by Harmonia on Washington Avenue South.
