RMK Management Corp. Completes Second Phase of Multi-Year Renovation at The Churchill Luxury Apartments in MinneapolisJune 26, 2015
Chicago-based RMK Management Corp. has announced the completion of the second phase of a four-year renovation of The Churchill, a 360-unit luxury rental community in downtown Minneapolis. This included a complete rehab of all common spaces at the high-rise; the first phase involved upgrading all apartment homes.
Built in 1982, The Churchill was already a Class A rental property but presented an opportunity to elevate the community to the newest standard for luxury living.
“The Churchill has long been a desirable address for renters seeking high-end amenities and a convenient downtown location, but we knew this property could be even more luxurious,” said Anthony Rossi Sr., president of RMK Management Corp. “Through our work in other markets, we had insight into what the newest, ultra-luxury properties in cities like Chicago are offering, and we wanted to bring that to the Minneapolis market.”
Rossi also noted the project’s timing, which coincides with the development of other upscale rental properties in the Minneapolis/St. Paul market.
“Several new luxury rental communities have been built over the past three years, so with this renovation, The Churchill is well-positioned to compete with these newly opened properties,” said Rossi.
The extensive renovation included a complete remodel of the lobby, as well as updates to the cyber café, business center, adding a new movie theater, a demonstration kitchen, game room and lounges on the lower level of the building. On the 33rd floor, RMK is making improvements to the indoor pool, adding a steam room and sauna, and adding outdoor grills and a fire pit to the adjacent rooftop patio.
Other additions made to The Churchill include an expanded fitness center with state-of-the-art equipment, a pet spa and a concierge station that will include an on-site concierge. In addition, RMK added 90 new storage lockers and updated the property’s laundry room to include all-new washer and dryer units that provide text alerts when machines are available and a laundry cycle is complete.
Occupancy at The Churchill has remained near 95 percent throughout the renovations.
“Although the rental market is very strong right now, it’s also highly competitive,” said Rossi. “In order for a 30-year-old property to stay relevant, it needs to offer the same level of finishes, amenities and services to renters who have a growing number of housing options available to them. With this renovation, we have not only met but exceeded the luxury standard set forth by today’s newly constructed rental towers, delivering the best-in-class residential experience for which RMK is known.
In fact, RMK Management was named the 2015 “Management Company of the Year” by the Institute for Real Estate Management.
Located in downtown Minneapolis, The Churchill offers a mix of one- and two-bedroom apartments ranging in size from 710 to 1,200 square feet, with rents starting at $1,210 per month. All units were updated during the first phase of the renovation.
The community overlooks the Mississippi River and offers direct access to the Minneapolis SkyWay, an indoor pedestrian walkway connecting several miles of downtown Minneapolis. It also offers easy access to public transportation as well as Interstate 394, and is near the Minnesota Twin’s Target Field.
To learn more about RMK Management Corp. and its portfolio of properties, visit www.rmk.com.
Chicago-based RMK Management Corp. manages nearly 9,000 apartment homes in the Chicago, Indiana and Minneapolis areas. The company’s portfolio spans a range of apartment types, from high-rise and mid-rise buildings to two- and three-story walk-up apartments, garden apartments and affordable housing. RMK also develops, builds and renovates communities. The Illinois communities are located in Waukegan, Barrington, Palatine, Libertyville, Schaumburg, Geneva, Aurora, Naperville, Downers Grove, Oakbrook Terrace, Evanston, Lombard, Wildwood, Chicago, Champaign and Springfield. Communities in Minnesota are located in Minneapolis and Edina, and the Indiana communities are located in Indianapolis, Valparaiso and Chesterton.