Expanding in the Twin Cities Metro: Enclave Earns Spot as 10th Largest Developer
The Twin Cities Business Journal named Enclave one of the Top 10 Largest Developers, placing the company in the 10th spot on this list. The unified real estate investment firm has developed over 1.4 million square feet in the Twin Cities metro since 2020. The list ranks developers in a 24-county metro area by total square feet developed between 2020 and 2022.
“When considering new markets, we study the community because that’s what we’re investing in,” said Austin Morris, Enclave co-founder & chief executive officer of development. “We are passionate about delivering inspiring projects that promote the city’s vision, align with the talents of our team and create long-term success for our partners and communities.”
Enclave Doubles Square
Footage Built
In 2022, Enclave broke ground on four projects in the Twin Cities metro. These projects added 415 units and a total of 795,664 square feet; double the amount built in 2020.
two new multifamily projects in Bloomington and Hastings,
a mixed-use project in Richfield, and
an industrial building in Cottage Grove, MN
Pictured: Noble, in-progress multifamily in Bloomington, MN
In the same year, Enclave constructed and began leasing developments in Maple Grove (Caliper) and Rogers (Fredrik). Both projects outperformed leasing goals. Enclave's newest area developments include multifamily and mixed-use properties in Hastings, Hopkins, Plymouth and Maplewood. All are scheduled to break ground before the end of 2023.
“A true partnership approach and the ability to remain hands-on through our integrated business model is how we deliver exceptional projects and leading returns,” Josh Wilcox, president of development, finance & investments. “Enclave’s strong operating and investment platform positions us to support the Twin Cities metro for the long-term.”
Enclave Triples Twin Cities Team
In 2020, Enclave established a permanent office in St. Louis Park and quickly tripled its Twin Cities-based team, requiring additional office space. The company has more than 200 team members across the entire organization.
"With our growing portfolio across the Twin Cities metro, we've built a team of local talented experts," said Tricia Schill, director of human resources. “The growth of our team shows Enclave's resilience and commitment to our values to care for each other, do the honorable thing, be empowered and promote innovation.”
Enclave’s Twin Cities-based office is located at the West End Plaza in St. Louis Park:
1660 S Hwy 100, Suite 530
St. Louis Park, MN 55416