Excelsior & Grand is a 16-acre redevelopment project located on Excelsior Boulevard, just east of Highway 100, in St. Louis Park, Minnesota. This multi-phased project features 644 housing units and 88,000 square feet of retail space. Total project cost is estimated at $160 million. Phase I and II, which include 338 apartment units, 124 residential condominiums, and 68,500 square feet of retail space, are 98% leased and/or sold out. Phase III opened spring 2006 with 86 lofts above a Trader Joe’s grocery store. Phase IV will add 96 condominiums and 5,500 square feet of retail space summer 2007.

TOLD Development Company was selected by the City of St. Louis Park in July 2000 after the initial developer withdrew from the project. When TOLD Development Company assumed the development rights to the project, the plan proposed by the previous developer was not financially feasible. TOLD quickly assembled a team and addressed the complexities of the project. The resulting revisions balance the benefits of vertical mixed-use with the financing challenges involved with such projects. TOLD Development Company is developing all components of the project: apartments, condominiums, and retail.

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