Founded in 2005, Alatus LLC is a Minneapolis-based real estate development company with expertise in residential multi-family, office, and single-family home development. For the Rice Creek Commons project, Alatus is teaming with Inland Development Partners, led by Kent Carlson and Tom Shaver, on commercial development and Tradition Development Corporation, led by Todd Stutz, on single-family residential development.
Alatus has participated in the creation of some of the most significant properties in our metropolitan area, including repositioning Mayo Clinic Square as a fully-leased, dynamic entertainment, sports and commercial centerpiece. Alatus team members’ portfolio include upscale urban and suburban multi-family housing throughout the Twin Cities metro area. The team’s residential and commercial experience includes several successful Master Plan projects including architecturally diverse single-family communities such as Cobblestone Lake in Apple Valley.
Alatus will help guide the overall residential and commercial development of the Rice Creek Commons site, an area large enough to fit all of downtown Saint Paul with room to spare. Located in Arden Hills, Rice Creek Commons is only 10 miles from both the Minneapolis and Saint Paul downtowns. When it is redeveloped, it will be home and workplace to thousands of families.