NEW DEVELOPMENT
Timberland Partners takes a hands-on approach to each development project, from conception through implementation. Just as we do with our acquisitions, we consider development with a long-term mindset, looking for opportunities in growth markets, along transit lines, or in underserved markets where we can create value and stable cash flows for our investors. From new construction to historic adaptive reuse, our development team brings substantial knowledge and experience to each project. This experience, combined with our financial capacity and product diversification allows us to execute efficiently, delivering projects on time and within budget.
Development Team
Ryan Sailer
 
Ryan Sailer, Vice President of Development, is responsible for all aspects of development, including oversight of day-to-day operations, long-term visioning and strategic planning. He brings over 15 years of development experience in new development, redevelopment, and historic rehabilitation projects totaling over $475 million in total development costs. Ryan holds a Bachelor of Science degree from the University of Minnesota's Carlson School of Management.
 
 
Bjorn Strommen
Bjorn Strommen is involved in the site acquisition, feasibility analysis, financing, and design and construction oversight for all new development. He brings over 10 years of development experience, previously working for Minneapolis-based developers, Sherman Associates, Inc., Aeon and TE Miller Development, where he was involved in the development of several high-profile projects throughout the Midwest. Bjorn holds a Bachelor of Arts degree from Gustavus Adolphus College and a Masters of Business Administration degree from the University of St. Thomas. 
 
 
Laren Holcomb
 
Laren Holcomb is involved in design feasability and construction oversight for all new development. He brings over twenty years of experience in multi-family housing, including asset management, construction management and development. His combined experience in these areas includes work on assets totaling over 10,000 units throughout the Midwest and South. Laren holds a Bachelor of Business Administration degree from the University of North Dakota.
 
 
Select Project Highlights

Sundance Apartments | www.sundancebismarck.com

Location: Bismarck, North Dakota

Project Type: New Development

Project Value: $18.275 M

Unit Types: One, two and three bedrooms with penthouse options

Awards: Projects of Distinction Gold Award, Associated
Buildersand Contractors of Wisconsin

Sundance Apartments caters to Bismarck’s need for pet-friendly luxury rentals. Each home features granite countertops and vanities, in-home washer/dryer, garbage disposals, fully equipped kitchens and private balconies. Master bedrooms include walk-in closets, and each kitchen is equipped with USB charging ports. Community amenities include heated underground parking, outdoor pool and grilling patio, tot-lot, fitness center and an expansive community room.



 
333 on the Park | www.333onthepark.com

Location: Saint Paul, Minnesota

Project Type: Historic Adaptive Reuse

Project Value: $41.5 M

Completion: March 2017

Units: 134 units / luxury market-rate

Unit Types: Studio, one, two and three bedrooms with penthouse options

Commercial Space: 2000 sq ft retail

Awards: 2017 Preservation Alliance of MN (PAM) Honor Award, Saint Paul Magazine Best of 2017

333 on the Park is a historic renovation of the former Sibley Square at Mears Park office building in Lowertown St. Paul.  Located on the skyway system and adjacent to the light rail stop at Union Depot, it includes 134 market-rate units as well as 2000 sq. ft. of commercial space. The design of the space pays homage the building’s rich history. Each apartment has an open and oversized floor plan with 12-15 foot exposed ceilings. Community amenities include a community and game room, theater room, 24-hour fitness center, coffee bar, sky lounge
,rooftop terrace, heated underground parking, pet spa and a skyway artist gallery.


 
Elevate at Southwest Station Under Construction

Location: Eden Prairie, MN

Project Type: New Development

Project Value: $63 M

Financing: HUD 221(d)4, Hennepin County TOD and HOME funds, TIF, Met Council TOD funds

Project Completion: Completion scheduled for Summer of 2019

Units: 222 units | 80% market rate, 20% affordable

Unit Types: Studio, one, two and three bedrooms with penthouse options

Commercial Space: 13,000 sq ft retail and restaurant space

Elevate at Southwest Station will be a 222-
unitmixed use apartment complex, including 13,000 sq ft of retail and restaurant space on the first floor. This seven story development will be located on the future Green Line light rail stop at Southwest Station, and will be Eden Prairie’s first transit-oriented apartment community. 

Amenities will include a rooftop deck with pool, tech-focused fitness center, community room, lounge area, package center, pet spa, dog park, heated underground parking and 3500 sq. ft. of green rooftop space. The property will be integrated with a public plaza created as a result of the new Green Line light rail. Home features include granite countertops and vanities, in-home washer/dryer, fully equipped kitchens and private balcony. Master bedrooms include walk-in closets and each kitchen features a built-in USB charging port.



 
Green on Fourth (G4) Under Construction

Project Type: New Development

Project value: $53 M

Financing: HUD 221(d)4, TIF, Minneapolis Affordable Housing Trust Funds, Hennepin County TOD funds, Met Council TOD funds

Projected Completion: Completion Scheduled for Summer of 2019

Units: 243 | 73% market-rate, 27% affordable

Located on 4th Street Southeast, Minneapolis, adjacent to the Prospect Park light rail Station on the Green Line, this redevelopment project takes a formerly blighted property and transforms it into a lively new community, combining sustainability with social and economic growth. This project prioritizes active living and open 
space with pedestrian-focused design that is cohesive with the city’s Green 4th Street Initiative, which includes the reconstruction of 4th Street with pedestrian-level lighting, furniture, bike lanes, and decorative vegetation. G4 will also tie directly into the first-of-its kind shared district stormwater system and enjoy direct access to the University of Minnesota transitway. Building amenities include a rooftop deck with spectacular view of the Minneapolis skyline, tech-focused fitness center, yoga room, community room with pub-style lounge and game room, package center, dog run, heated underground parking and bike storage. Homes feature granite countertops and vanities, in-home washer/dryer, garbage disposal, fully equipped kitchen and private balcony.  A Fresh Thyme grocery store will be located across 4th Street and Surly Brewing Company’s destination brewery is a stone’s throw away.  With its thoughtful design and location in the ‘middle of it all’, G4 aims to set the new standard for sustainable urban living.