MINNEAPOLIS, April 11, 2017 /PRNewswire/ -- LMC, a leader in apartment development and operations, this week was named a Finance & Commerce 2017 Progress Minnesota honoree. LMC was honored at an awards ceremony at the Minneapolis Events Center and profiled this week in a special edition of Finance & Commerce newspaper.
The Progress Minnesota 2017 awards program celebrates the accomplishments of individuals and companies that are making an economic impact across the state in unique and innovative ways. LMC was the only multifamily developer among the 25 companies honored.
"We love the Twin Cities and the state of Minnesota, and we're honored to be recognized alongside several of the finest businesses and individuals in the region," said Todd Farrell, president of LMC. "Minnesota is something of a hidden gem as it is seldom mentioned among the marquee markets, but we've really been enamored with the area, its strong economy and its fine people. As always with development, we strive to ensure everything we do has a positive impact on the neighborhood and the surrounding area."
LMC began leasing at two of its Minnesota-based developments in 2016, and another will open its doors to residents this year.IndiGO at BCS, featuring 395 apartment homes in Bloomington, and Onyx Edina, a 240-unit mixed-use community in Edina, began leasing in 2016. Minneapolis-based Nordhaus, an urban high-rise to feature 280 apartment homes and ground-floor retail, will open this year.
Finance & Commerce, the only daily publication dedicated exclusively to business in the Twin Cities area, worked on the awards program with several chambers, economic development officials and government agencies focused on job creation and development. Those helping drive industrial growth and development, while investing time and energy for the betterment of the Twin Cities and the state, were honored.
"We cannot overstate the extremely enjoyable time we've had working with the neighborhoods and local and state officials on all three of our Minnesota communities," said Jon Fletcher, senior development manager for LMC. "It's our mission not only to provide an unmatched experience for our residents, but also to help make a positive economic impact. We're excited to do our part for the Twin Cities area and the state as a whole."
LMC, a wholly owned subsidiary of Lennar (NYSE: LEN), is a multifamily real estate development and operating company with a diverse portfolio of institutional quality multifamily rental communities across the US. LMC has a 23,000 unit pipeline of communities ranging from operating to under development that exceeds $7 billion and consists of high-rise, mid-rise and garden apartments.
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SOURCE Lennar Multifamily Communities (LMC)