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Mr. Mike Morrison <br /> June 8, 2004 <br /> Page 3 of 4 <br /> Apartment Size Rent Limit <br /> Studio $671 <br /> 1 Bedroom 719 <br /> 2 Bedrooms 862 <br /> 3 Bedrooms 996 <br /> These affordable apartment homes will be in both the general occupancy and senior <br /> components. <br /> Proiect Description <br /> The Landings apartments will consist of 181 units of market rate apartments and 79 units <br /> of independent senior housing and 1 guest suite. Of these 261 units, there is 1 guest suite, <br /> 6 studio flats, 117 one-bedroom flats, 117 two-bedroom flats, 11 three-bedroom flats, 5 <br /> two-bedroom townhomes, and 4 two-bedroom lofts for a total of 261 apartment homes. <br /> The building will be located immediately adjacent to a new park and pond with walking <br /> paths as well as a recreation area with cascading water. The exterior of the building will <br /> be urban in style with multi-colored brick and stucco. Several areas of the building will <br /> be clad with a metal roof, and the there will be a combination of pitched and flat roofs. <br /> Large window areas and a great degree of fagade articulation complete the elevations. <br /> The apartment homes contain a combination of the following unit amenities: <br /> • 9-foot ceilings o 17-foot ceilings in lofts <br /> • Balconies o Built-in bookshelves <br /> • Walk in closets o Computer desks <br /> • Decorative accents o Fireplaces <br /> • Granite countertops o Lofted Juliet balconies <br /> • Kitchen islands o Patios <br /> • Pantries o Six-panel doors <br /> • Roman tubs o Tile flooring <br /> • Shower doors o Upgraded light fixtures <br /> • Underground parking o Washer and dryer in unit <br /> • Upgraded cabinets <br /> The apartment community contains the following project amenities: <br /> • Concierge services o Conference/Business center <br /> • Demonstration kitchen o Equipment rental <br /> • Oversize fitness room o Gazebos <br /> • Outdoor pool o Outdoor whirlpool <br /> • Party room o Picnic area with grills <br /> 2355 Polaris Lane North Suite 100 Minneapolis, MN 55447 Phone 763/354-5500 Fax 763/354-5650 <br /> Acquisition•Development•Construction•Management <br />