Great States Development Acquires North Loop Building

The firm rebrands the 46-unit apartment complex at 915 N. Washington Ave. as Brunsfield North Loop.

Updated on Oct. 30, 2026 in Commercial

Isometric editorial illustration of a generic mid-rise apartment building facade, using clean geometric volumes in oxblood and teal, representing real estate portfolio expansion. — Great States Development has acquired the 46-unit North Loop apartment building at 915 N. Washington Ave. in Minneapolis from Phoenix-North Loop, LLC. AI Illustration. Upload story photo >

Live Poll

Is the increasing investment in luxury apartment buildings in your area making housing more affordable?

Great States Development has acquired the North Loop apartment building at 915 N. Washington Ave. from Phoenix - North Loop, LLC. The new owners have rebranded the 46-unit property as Brunsfield North Loop.

Why it matters

The acquisition represents a continued expansion for Great States Development within the North Loop neighborhood. The firm is actively building its local portfolio through significant real estate investments.

The property currently maintains a 6.4% vacancy rate. Monthly rents at the building range from $1,250 for a studio to $3,750 for a two-bedroom, two-and-a-half bathroom unit.

The players

Great States Development

A real estate investment firm that is actively acquiring and managing residential properties within the Minneapolis North Loop neighborhood.

Phoenix - North Loop, LLC

The previous ownership entity that held the property at 915 N. Washington Ave. since 2019.

The details

The building was originally constructed in 2013 and underwent renovations in 2017. Current amenities at the location include a Spyhouse Coffee Roasters shop and a Sweetleaves cannabis dispensary.

The building was constructed in 2013.
The property was renovated in 2017.
Phoenix - North Loop, LLC purchased the building in 2019.
Great States purchased the ElseWarehouse apartments in January 2025.
Great States purchased the Copham building in March 2026.

Culture Shift

This acquisition follows the established North Loop neighborhood redevelopment trend by adding to the area's consolidated rental housing stock. The move highlights the ongoing conversion of the district into a densely populated residential hub.

Residents may see changes to property management services as the building transitions to the new ownership brand. The presence of existing retail tenants like Spyhouse Coffee Roasters and Sweetleaves is expected to continue under the new management.

The takeaway

Real estate investors continue to consolidate prime residential assets in Minneapolis neighborhoods. Prospective tenants should verify current lease terms and amenity access policies under the new property management.