Detroit Lakes to get new apartment buildingsDetroit Lakes, MN (WDAY TV) - It's been nearly 4 years since any new apartment buildings have gone up in Detroit Lakes - - and the city is feeling a crunch.
Detroit Lakes, MN (WDAY TV) - It's been nearly 4 years since any new apartment buildings have gone up in Detroit Lakes - - and the city is feeling a crunch.
Four Local Developers have stepped up to the plate with plans to build as many as five apartment buildings in the next few years with the first phase of construction breaking ground this fall.
It's fair to say Detroit Lakes is a city that's on the grow. In fact, a survey reveals that it's bursting at the seams. The newest rental housing is set to be built here, just blocks from Minnesota State Community and Technical College.
Jim Buus- Stonebrook Apartments, LLP: "Looking to build as many as 160 apartment units over the next 3 to 4 years."
Jim Buus and Brent Kuehne are just two of four partners making up Stonebrook Apartments, LLP.
The men, all with local ties.
Brent Kuehne- Stonebrook Apartments, LLP: "I grew up in DL and kind of always knew there was a lack of rental housing available."
Kuehne's instincts were dead on. A survey conducted by Community Partners Research Incorporated in August - revealed such a high demand for rental housing that property owners said units were being filled by word of mouth. In fact, there is less than 1 percent vacancy.
Ashley Drews – Detroit Lakes Resident: "Not a lot of houses to rent in the area and the houses and apartments that they are able to rent there is a long list."
Kuehne: "Superintendent of DL high school said we have teachers that come to this market and they don't have places to live. They're traveling from lake places or rural areas they're renting and prefer to be in town."
As developers continue to tweak the final plans one thing is certain, the apartments will contain a mix of 1, 2, and 3 bedrooms units, with garages.
Buus: "We think the community can be growing faster than it has been with the right kind of infrastructure, housing and commercial development opportunities are in place."
Buus and Kuehne have also been involved in other DL projects, like the "downtown Crossing" - where popular PLACES like Jimmy johns and Caribou are located.