Common Multi-Family Property Management Company Expands to St. Paul

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Commmon, a residential brand that designs, leases and manages multi-family properties globally, expands to St. Paul, Minnesota, in partnership with ACKERBERG at ALVERA at 337 W. 7th St.

This innovative 193-unit modular apartment building in the West Seventh neighborhood, owned and developed by ACKERBERG and Northland Real Estate, will be the first Class A multi-family building in St. Paul. ALVERA residents will have access to exclusive amenities and common benefits. The doors of ALVERA will open in December and monthly rents will start at $ 1,077.

ALVERA by Common offers a mix of 193 studios, one and two bedroom apartments. The property is being developed by ACKERBERG and Northland Real Estate. ACKERBERG is a private real estate investment and development organization with experience in the design, construction, renovation, financing and operation of commercial and residential projects..

Over the past five years, there has been an increase in demand for new housing in St. Paul. ALVERA by Common will provide a venue for city dwellers looking for a stress-free living experience that is fully resident-centered.

ALVERA’s thoughtful building design concept incorporates a variety of desirable amenities including two separate lobbies on West 7th Street and a second on Smith Avenue. Additional common areas include a penthouse club room with a kitchen and entertainment bar and an office area for those working from home.

The large outdoor terrace offers a breathtaking view as well as a fireplace and grills for meetings with the community. Residents can also take advantage of the on-site gym and store their bikes safely in the building’s bicycle storage room. The 7e The entrance hall from the street offers a lounge and practical workspaces on two levels, as well as an art gallery. The Smith Street Lobby offers fun, fun activities.

ALVERA has the city’s only automatic parking stacker that makes parking easily accessible to residents. In addition to indoor amenities, residents can enjoy an outdoor mural by an internationally renowned visual artist Aaron de la Cruz. The mural features the artist’s signature freehand line art that wraps around the exterior of floors two through seven.

ALVERA rents will start at $ 1,077 per month and will include residents’ access to exclusive community events, convenient payment and communications technology, local and national branding benefits, and more. Common has more than 22,000 signed units under development in 22 cities around the world. Last year Common acquired management deals from its biggest competitor Starcity, announced a major UK expansion, added former New York Deputy Mayor Alicia Glen to its board of directors and raised $ 50 million in its Series D venture capital round with Kinnevik. .

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