Sherman Associates, Inc.

05/07/2026

Sherman Associates is moving forward with one of Minnesota’s largest multifamily developments, even as construction slows across the region, reported by the Minneapolis-St Paul Business Journal.

Beltline Station, a $130M, mixed-income, multi-phase development, is under construction in the City of St. Louis Park, Minnesota, adjacent to the future Southwest LRT Beltline Station, in collaboration with the Metropolitan Council.

After seven years of planning, the project is advancing through a complex financing structure, including city support and multiple funding sources, to deliver 380 homes and retail space.

Get the story here: https://www.sherman-associates.com/news/sherman-associates-bucks-construction-slowdown-with-st-louis-park-project/

04/21/2026

Congratulations to Katrina Cadalbert, Assistant General Counsel at Sherman Associates, on her role as President of MNCREW (Minnesota Commercial Real Estate Women) this year!

MNCREW connects and advances women in commercial real estate through business networking, leadership development, career outreach, and industry research. The organization aligns with CREW Network’s commitment to strengthening diversity, equity, and inclusion across the industry.

At Sherman Associates, Cadalbert provides legal counsel across all aspects of multifamily and commercial real estate development, including acquisitions and sales, leasing, and complex financing. Her thoughtful, client‑centric approach helps deliver outcomes that support both legal and business objectives. This experience will serve her well in driving MNCREW’s mission forward!

03/23/2026

Thanks to our residents, everyday dining created meaningful local impact.

Through a limited‑time resident benefit, $800 in resident savings was matched by Sherman Associates with rent credits paid directly to participating restaurant tenants, turning everyday meals into real support for neighboring downtown Minneapolis restaurants.

Thank you to our residents for showing up and making a difference for our restaurant neighbors and the community!

03/17/2026

Sherman Associates is ranked #10 among the Largest Real Estate Developers in the Twin Cities by the Minneapolis-St Paul Business Journal.

This recognition reflects developments started between 2023–2025, including the Beltline Station development, Mill District Event Spaces, Landmark Tower, and Groove Lofts at Northstar Center.

From new development to adaptive reuse and historic preservation, this recognition reflects years of disciplined growth and a long‑term commitment to building places that strengthen our communities.

11/14/2025

Sherman Associates and our Des Moines multifamily properties are proud sponsors of The Des Moines Turkey Trot!

We’re thrilled to support this beloved Thanksgiving tradition in downtown Des Moines. The Turkey Trot is all about bringing people together for a fun, festive, and healthy start to the holiday season.

Join us in celebrating community spirit and making memories at this year’s event!

Register here: https://www.desmoinesturkeytrot.com/

Vine Street Lofts, Metro Lofts, The Randolph, Rumely Lofts, Slate at Gray's Landing, The Meridian at Gray's Landing, The Edge at Gray's Landing, Fort Des Moines Living

10/21/2025

For 25 years, Sherman Associates has been reshaping Minneapolis’ Mill District—turning overlooked spaces into thriving destinations. With over $500M invested, we’ve delivered housing, hospitality, retail, and event space that bring energy, connection, and purpose to the neighborhood.

From historic adaptive reuse projects to new construction residential communities and retail destinations, we build on.

Now, we’re bringing that same expertise to new areas. Whether it’s revitalizing underused spaces or creating walkable, connected communities, our pursuit of building for future generations is mapped by our resourceful team with a long-term vision and a deep commitment to community.

Let’s build the next great neighborhood, together. Read about our work in the Minneapolis-St Paul Business Journal.

Sherman Associates has a collection of recent and significant news articles. Learn more about Minneapolis/St. Paul Business Journal: Developer puts $500M into making the Mill District the next big thing!

10/10/2025

Affordable housing is not new to Sherman Associates - it's our foundation.

This video captures the depth of that commitment, showing how Sherman has delivered housing for all ages and incomes for nearly five decades. From Riverside Plaza to Ladder 260, we’ve taken on some of the most complex real estate transactions in Minnesota’s history, and we build on with purpose and partnership.

This is a reflection of how we work: long-term ownership, high-quality development, operational excellence, and a passion to serve those who need housing the most.

Watch the video to see how Sherman Associates builds communities, enriches neighborhoods, and empowers people.

https://www.youtube.com/watch?v=YuC9AqcUREI&t=12s

10/10/2025

Affordable housing is not new to Sherman Associates - it's our foundation.

This video captures the depth of that commitment, showing how Sherman has delivered housing for all ages and incomes for nearly five decades. From Riverside Plaza to Ladder 260, we’ve taken on some of the most complex real estate transactions in Minnesota’s history, and we build on with purpose and partnership.

This is a reflection of how we work: long-term ownership, high-quality development, operational excellence, and a passion to serve those who need housing the most.

Watch the video to see how Sherman Associates builds communities, enriches neighborhoods, and empowers people.

https://www.youtube.com/watch?v=YuC9AqcUREI&t=12s

09/12/2025

Sherman Associates hosted its annual Property Operations meeting at Top Golf, bringing together over 200 team members to celebrate operational excellence and community impact. The meeting highlighted Sherman’s commitment to high-performing teams and award-winning properties, as We Build On.

From milestone anniversaries to performance achievements, the meeting showcased the depth of talent and dedication that sets Sherman apart. As a long-term developer, owner, and operator, Sherman continues to deliver results that matter—building communities, enriching neighborhoods, and empowering people across the Midwest and Colorado.

08/22/2025

Sherman Associates, in partnership with the City of Westminster, Colorado - Government and franchisee Henry Lee, has commenced construction on Red Lotus Den, a unique food hall concept at Aspire Apartments in downtown Westminster, Colorado.

Spanning 15,000 SF across two floors, Red Lotus Den will feature seven chef-driven restaurants, a central bar, private event spaces, and karaoke rooms. The venue will accommodate up to 675 guests, with additional patio seating along Central Square Plaza.

This project supports the City’s downtown redevelopment goals and reflects Sherman Associates’ commitment to delivering high-quality, mixed-use developments that enhance community engagement and economic vitality.

Learn more: https://www.sherman-associates.com/press-release/local-franchisee-henry-lee-begins-construction-on-unique-food-hall-concept-in-downtown-westminster/

07/23/2025

Sherman Associates is honored to be recognized as Large Business of the Year by the Westminster Chamber of Commerce.

This recognition reflects our continued investment in Westminster, Colorado—through transformative developments like Ascent and Aspire that deliver homes, and restaurants and retail spaces that further activate the community.

We’re also proud to support the Chamber’s new small business incubator, a public-private initiative designed to foster entrepreneurship and local economic growth.

This award affirms our commitment to building places that empower people and strengthen communities—today and for future generations.

Read more here: https://www.sherman-associates.com/news/sherman-associates-recognized-as-large-business-of-the-year-by-westminster-chamber-of-commerce/