Trends
Ben Ganje + Partners Real Estate Group Market Guide 2015
Strong sales. Strong brand. Strong service. Thinking about selling or buying this year? Working with an established market leader in the Twin Cities will define your next real estate experience. Ben Ganje + Partners has consistently united extraordinary homes with extraordinary lives while continuing to deliver a level of unparalleled service. For a complimentary consultation to understand the current real estate market conditions, call us today.
612-460-5638
If your home is currently listed with another broker this is not intended as a solicitation of that listing.
Twin Cities Real Estate Market Leaders
Lauren Hedelson 612.615.6625 Lauren.Hedelson@lakesmn.com
Ben Ganje 612.460.5638 Ben.Ganje@lakesmn.com
Erin Habedank 952.217.7632 Erin.Habedank@lakesmn.com
Josh Neumann 612.206.4262 Josh.Neumann@lakesmn.com TRENDS 2015 • ben ganje + partners
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Meet our Preferred Partners
Ben Ganje + Partners’ best of the best. Within our annual guide we go further this year by showcasing our
Perspectives & Optimism
preferred partners; the trendsetters and tastemakers of the real estate market who bring a distinct level of service to our clients.
Builders Reuter Walton Construction 27 Hage Homes 41 Architects Peterssen/Keller Architecture 23 Rehkamp/Larson Architects 35 Jalin Design 43 Designers Martha Dayton Design 25 Studio M Interiors 33 FIX Design Haus 47 Photography Spacecrafting 49 Lender Wells Fargo Private Mortgage Banking 51
The Twin Cities are changing in a significant and dramatic way. It has been over a decade now since I started my career in real estate. My team and I have been able to sharpen our teeth on the challenging times of the market cycle. Over the past few years, something has changed in a significant way within the market; there is now a renewed sense of optimism. Not just a cautious sense of optimism, but a confident perspective by both Buyers and Sellers. A common theme can be seen from our metrics on page seven; a lack of inventory, solid interest rates for buyers and competitive bidding for properties priced right make for an exciting year. In 2015, we continue to deliver marketing and service of exemplary quality, regardless of your home’s price range. In an era where excellence is thought of as merely an expert in a given niche, we are market leaders in the industry. Where everything in our world has simply become financialized down to a spreadsheet, we are agents articulating value and being advocates for our clients throughout the entire buying/selling process.
We unite extraordinary properties with extraordinary lives. In our annual guide, we have assembled our portfolio of inventory, maps, metrics and commentary on macro level trends affecting the real estate market. We hope you find this guide insightful as you prepare to buy or sell in the coming year and invite you to engage in our professional real estate services. Our mission is to elevate your real estate experience with a tailored, full-service approach that is unique within the real estate industry. We have consistently been one of the top 10 real estate teams in the state of Minnesota. To those who have trusted us to represent you, we sincerely thank you for your business. In the year ahead, we look forward to the opportunity to offer you outstanding results! Ben Ganje
3 TRENDS 2015 • ben ganje + partners
Contents
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15
Key Observations
At A Glance
Get a dashboard view on the progress
Our significant sales from 2014.
of the real estate market detailing trends and key metrics.
9 Available Properties Our exclusive listings featuring new
17 Top New Restaurants Our list of top new restaurants of 2014.
construction, condos and single
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family homes.
Living for the City
11 Power of Sotheby’s Uniting extraordinary homes with extraordinary lives.
Explore the overall trends shaping why buyers are moving to high density niche markets.
29 Map - Minneapolis Lakes Area
37 Map - Lake Minnetonka
39 Enclave of Wayzata Learn more about our private collection of custom homes nestled in the heart of Wayzata.
45 Map - Edina
21 Map - Downtown Minneapolis
TRENDS 2015 • ben ganje + partners
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Key Observations
What is the current value of my property? The market is clearly gaining momentum. Sellers are continually reaching out to us to gauge the value of their current residence. Online sites can only go so far to assess the value of properties based on a few metrics. We take the valuation process much further. Look closely at key data points outside of a few solds in a given area to focus on the demand in a given market, key attributes of your property, condition and most importantly timing within the market in the event you wanted to sell. In the current real estate market, presentation is everything. We look carefully at capital improvement costs; updates ranging from minor repairs, painting, staging to maximize the value of every one of our Seller clients properties.
$200,000
$219,001 $175,000
The median home price in the Twin Cities has increased 46% since 2009
“ By almost all measures, the economic landscape has improved. Recent gross domestic product growth is rising at a 5.0 percent annual rate. The national
$150,000
unemployment rate is under 6.0, down from a 10-year high of 10.0 in October 2009, and stocks are reaching all times highs. The deficit is down by two-thirds, gas prices are at multi-year lows and we’re in the midst of the largest stretch of job gains on record. Given all that, 2015 should hold much promise. Here’s to making the most of it.” - Minneapolis Area Assocation of REALTORS
2009
2010
73 Average days on market in Hennepin County
7 TRENDS 2015 • ben ganje + partners
2011
80
2012
2013
14
2014
+6.1%
+2.3%
The number of stories
most job openings in 14 years
pending sales increase
Seller activity increase
Duval Development previous proposing for redevelopment of the city-owned ‘Nicollet Hotel Block’, 100 feet taller than the IDS Center. The city of Minneapolis later declined the proposal.
US Employers advertised the most job openings in nearly 14 years, confident of strong economic growth will create more demand for their goods and services.
Overall pending sales increased 6.1% for the year. In 2015, watch for stonger seller activity to increase levels, which could alleviate shortages in certain areas and segments.
Seller activity increased 2.3% to 73,768 new listings. Expect that to continue in 2015.
Source: Labor Dept
49,541 closed sales in the Twin Cities region in 2014
Thinking about building a new home in 2015?
In the last 12 months, new construction homes made a significant leap back into the real estate market. Building a home is a dynamic process which requires understanding of new construction financing, construction materials and total costs involved including lot acquisition and build. Having a seasoned Realtor® navigate the process will define your overall experience. For years, we have walked our clients through from concept to closing. If you are in the beginning stages of the process, leverage our professional experience.
46th and Abbott Ave. S. - Minneapolis 59’ LOT- Call for pricing
Ben Ganje + Partners
4340 Abbott Ave. S. - Minneapolis 4 Bed 4 Bath 3,600 sq ft. Call for Pricing
3905 Vincent Ave. S. - Minneapolis 4 Bed 4 Bath 3,200 sq ft $999,000
201 S 11th Street #2620 - Minneapolis 3 Bed 2 Bath 2,770 sq ft $1,999,900
3103 Dean Court - Minneapolis 3 Bed 2 Bath 1,560 sq ft $349,000
9 TRENDS 2015 • ben ganje + partners
4228 Zenith Ave. S. - Minneapolis New Build - Call for details
4525 Park Commons Drive #102 - SLP 2 bed 2 bath 1,350 sq ft $349,900
In a fast paced market, working with a seasoned agent will define your buying experience.
Looking to learn more about the buying process?
Our philosophy of the buying process is based on educating our Buyer clients. On average, it takes three to six months before our Buyer clients begin submitting offers. The reasoning is simple, we want everyone to be informed and confident of their decision to make a purchase. If you are just beginning to think about making a move reach out to us for a complimentary consultation to discuss the market and your search criteria. 1805 W Lake #302 - Minneapolis 3 Bed 2 Bath 2,400 sq ft $2,100,000
Available Properties
747 Kenwood Parkway - Minneapolis 2 Bed 3 Bath 2,680 sq ft $849,900
3201 Colorado - Saint Louis Park 3 Bed 3 Bath 2,115 sq ft $499,000
100 3rd Ave #601 - Minneapolis 1 Bed 1 Bath 1,010 sq ft $339,000
215 10th Ave S #406 - Minneapolis 2 Bed 2 Bath 1,610 sq ft $674,900
730 Stinson Blvd. NE #502 - Minneapolis 2 Bed 2 Bath 1,504 sq ft $474,900
929 Portland Ave. S #2104 - Minneapolis 2 Bed 2 Bath 964 sq ft $249,000
Sotheby’s Worldwide
Ben Ganje + Partners Marketing & Sales Strategy We understand that marketing is instrumental in the sale of every property. To maximize web exposure, we have partnered with Lakes Sotheby’s to distribute properties to the most significant media companies and real estate-focused websites in the world.
At least 94% of consumers begin their home buying process online.
Professional Photography
Social Media
Working with the best in the business, we hire professional photographers to capture the right images to best represent your home. Considering the high importance of having a strong online presence, we stress the importance of a large variety of quality, professional photography to best represent your property on each and every website, as well as all print media.
Social Media, like Real Estate is about connecting people, and cultivating relationships, which makes it the ideal tool for marketing your home.
Setting the Stage Sellers are rewarded with higher returns when they stage their home to the public. Before your house is shown, we’ll help you strengthen buyer reception with a complimentary staging analysis and recommended enhancements.
Property Brochures By combining professional style, photography and attention to details, your home’s brochure will act as an essential tool in attracting qualified buyers.
105 Thunderbowl Road, Aspen, Colorado
8540 Bellagio Drive Naples, Florida 3 Beds 3 Baths 3,250 sq ft $899,000
Kata Phuket, Thailand 3 Beds 4 Baths 4,456 sq ft $1,457,149
4 Beds 5 Baths 5,521 sq ft $4,975,000
26954 Malibu Cove Malibu, California 4 Beds 3 Baths 3,701 sq ft $7,995,000
1360 Tesuque Creek Rd Santa Fe, NM 3 Beds 2 Baths 2,150 sq ft $895,000
192 Lenox Avenue, Unit 2 New York, New York 2 Beds 2 Baths 1,081 sq ft $895,000
190 Dogwood Lane, Salt Spring Island, British Columbia, Canada 4 Beds 3 Baths $1,498,955
Meet Ben Ganje + Partners
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Ben Ganje 612.460.5638 Throughout the years I have developed strong negotiation skills, a comprehensive understanding of key metrics relating to each transaction, and knowledge of niche market conditions. I partnered with Lakes Sothebys to provide a higher level of service to my clients and in turn created a sales team in which each individual has specific roles and responsibilities tailored to benefit our client experience.
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Lauren Hedelson 612.615.6625 I’ve always had a passion for real estate. Growing up with my dad as a builder allowed me to gain an in depth understanding of the construction process. As the teams’ business manager, I am committed to making our client’s real estate needs my highest priority by providing a personalized service and attention to detail.
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Erin Habedank 952.217.7632 Buying real estate is both an emotional and detailed process. I engage with our clients by helping them find sound investments, guiding them through the ups and down of the buying process and being a listening ear during moments of frustration and excitement.
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Josh Neumann 612.206.4262 Being a part of a real estate transaction is more than selling “real estate”…it’s selling a home – a place where memories are made. In my head, I understood I was selling a home, but I had to feel it in my heart. Realizing I was part of that memory-making process drives my passion in real estate. 13 TRENDS 2015 • ben ganje + partners
Our significant sales in 2014
Ben Ganje + Partners At a Glance
222 2nd Street SE #1702 Minneapolis $2.2M Represented Buyer 5200 France Ave #30 Edina $1.725M Represented Buyer 3 Peterson Place North Oaks $1.580M Represented Buyer 4124 Queen Avenue S Minneapolis $1.275M Represented Buyer 4310 Abbott Avenue Minneapolis $1.15M Represented Seller
2013 and 2014
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700 2nd Street S #W42 Minneapolis $1.1M Represented Buyer
Top Sales Team at Lakes Sotheby’s
Average days listed on the market
Buyers Represented
Sellers Represented
Sales team by volume in Minneapolis
5
2606 W 40th Street Minneapolis $1.025M Represented Seller 639 City View Drive Minnetonka $1.06M Represented Seller 4027 Sheridan Avenue S Minneapolis $960k Represented Buyer 2700 W 43rd Street Minneapolis $945k Represented Seller
Our recent sales activity Edina $383,370 Minneapolis $937,000 Saint Louis Park $391,000 Excelsior $430,800 Edina $545,000
Maple Grove $555,000
Minneapolis $275,000 Minneapolis $217,000 Minneapolis
$356,000 Minnetonka $283,000 Plymouth $486,806 Golden Valley $312,500 Minneapolis $445,000
Minneapolis $385,000
Edina $492,500
Edina $640,000
Minneapolis $895,000
Minneapolis $505,000 Minneapolis $360,000 Minneapolis $615,900 Saint Louis Park $453,094 Minneapolis $206,000
Minneapolis $316,000 Minneapolis $307,000 Minneapolis $699,900
Minneapolis $217,500
Minneapolis $414,059 Minneapolis $394,900 Minneapolis $194,900
Hopkins $319,200 Minnetonka $850,000 Minnetonka $234,500 Saint Paul $371,500 Orono 15 TRENDS 2015 • ben ganje + partners
$254,000 Minneapolis $652,185 Minneapolis $730,000 Minneapolis $875,000 Orono $433,400
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Spoon and Stable 211 North 1st Street Minneapolis spoonandstable.com 612-224-9850
Heyday 2700 Lyndale Ave. S. Minneapolis heydayeats.com 612-200-9369
Third Bird 1612 Harmon Place Minneapolis thethirdbirdmpls.com 612-767-9495
Coup d’Etat 2923 Girard Ave. Minneapolis coupdetatmpls.com 612-354-3575
CoV 700 Lake Street E. Wayzata covwayzata.com 952-473-5253
Chef Shack Ranch 3025 E. Franklin Ave. Minneapolis chefshackranch.com 612-354-2575
Hola Arepa 3501 Nicollet Ave. S. Minneapolis holaarepa.com 612-345-5583
Agra Culture 2939 Girard Ave. S. Minneapolis agra-culture.com 612-315-3349
Rabbit Hole 920 E Lake Street Minneapolis eatdrinkrabbit.com 612-236-4526
Brasserie Zentral 505 S.Marquette Ave. Minneapolis zentral-mpls.com 612-333-0505
Our Favorite New Restaurants “ It’s not French by design. It’s American by design, American by taste and Minnesotan by hospitality,” Gavin Keysan - Spoon and Stable
TRENDS 2015 • ben ganje + partners
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hat would you do with an extra hundred hours a year? With the average one-way commute in Minnesota stretching to over 22 minutes, it’s clear that a huge portion of our free time is being swallowed by the drive to and from work. If you could cut your commute in half, you would gain one full week per year of free time—free time without potholes, bottlenecks, and road rage. If that prospect seems too good to be true, consider a surprisingly simple solution: Move closer to work.
Trending: Living for the city Written by Ian Traas
For the thousands of Minnesotans whose livelihoods lie in the metro area, the dream of living closer to their workplace is morphing into a realistic possibility thanks to the great strides in urban growth over the past few years. Moving towards high density living often means a leap toward convenience, with housing, public transit, and business districts in close proximity to each other. This shift in lifestyle is playing out on a national scale; homebuyers are moving back to urban centers in record numbers. It’s not difficult to see why. In addition to shorter commute times, homebuyers are citing convenience to leisure activities, quality of neighborhood, and overall affordability of homes as influencing factors when asked why they purchased in a metro area. People of all ages are flocking to homes within 5 miles of a downtown zone, with each of the USA’s 150 largest cities witnessing downtown populations swell by at least 10%. Zeroing in on Minnesota, that record growth has given a lift to areas like Edina, the lakefront hideaways of Minnetonka, and downtown Minneapolis’ bustling North Loop. Each of these unique locations have seen a surge of vibrancy as homebuyers take a renewed interest in urban areas, bringing new restaurants and shops in the wake of their increased popularity. Those hundreds of hours trimmed from commutes are being
spent enjoying everything the city has to offer, from adventurous culinary bistros to the stunning natural beauty of our parks and lakes. Thanks to an emphasis on preservation, the Minnesotan version of high density lifestyles comes complete with urban green zones. The North Loop boasts the highest rate of growth in the entire state and buyers eyeing a slice of downtown living are experiencing a huge increase of options in nearly every area. Luxurious condominium developments are springing to life right next to new restaurants offering farm-to-table dishes, all within minutes of the gym, the river, or an array of boutiques and department stores alike. Headed to work? Leave the car parked and take the lightrail, your bike, or walk to your office in any season by using the vast network of skyways. But if you just can’t bear the thought of giving up your yard, a look at some of the other areas surrounding the Twin Cities opens possibilities to increase convenience when buying your perfect house. If you primarily spend your free time outdoors, the lakes on
“ If you would cut your commute in half, you would gain one full week per year of free time...” Minneapolis’ west edge offer a range of neighborhoods that strike a balance between breathtaking natural scenery and close proximity to downtown’s cultural vibrancy. Cedar Lake, Lake of the Isles, Lake Harriet, and the hub of Lake Calhoun all harbor thriving communities suited to family activities. Take in movies and music at the park before a jog around the waterfront, or spend the day at the museum before a quick shopping excursion just minutes away from home. Much like the Lakes area, Edina has a reputation for being one of the most affluent portions of Minneapolis. For families primarily concerned with education, Edina High School is ranked as the #1 school in all of Minnesota, with a 98% graduation rate and 85% of graduates pursuing higher education. While in close proximity to downtown (Edina is situated immediately southwest of the downtown zone), the area has its own family-friendly flavor, with not just top-notch education, but parks, golf courses, country clubs, and shopping centers as well. For those looking for a home in an urban center with a slightly slower tempo, Edina is rich with possibility. You don’t have to settle for what you’re given, either; many buyers are opting to build new homes in areas like East Edina and Wayzata.
Dream homes are being constructed in historic neighborhoods that still lie very close to the crackling energy of downtown. With building permits in Minneapolis exceeding $2 billion in 2014, there’s been a strong move towards structurally updating zones that are experiencing the most growth. If you prefer to spend your summer days boating, fishing, and skiing, a home close to Lake Minnetonka has exactly what you’re searching for. Located 12 miles west of downtown Minneapolis, Minnetonka is still quite close to the heart of the metro area, though living right next to one of the largest lakes in Minnesota could convince you otherwise. With a robust boating culture, Lake Minnetonka gives homes in the area direct access to the majesty of our state’s defining natural amenities. No matter what type of character you’re looking for in a neighborhood, the areas in and around the Twin Cities have a massive number of options to choose from. With urban centers across America seeing new life and vitality ushered in thanks to residents returning to cities on a massive scale, there’s no better time than now to consider purchasing a home that fits your unique needs. Turn those hours wasted on the highway into something truly valuable: A brand new life. TRENDS 2015 • ben ganje + partners
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Not too long ago the Mill District in Minneapolis was home to endless mills and warehouses and nicknamed the Milling Capital of the World. In the 70s and 80s the Grov 16th St E Steele e St area fell to urban decay until the mid 90s when a few developers snatched up most Square 301 the parcels along the riverfront. And so began the arduous task of transforming the Summit Oak of Grove House blighted area to prime urban riverfront living. Now, Mill District real estate is thriving and populated by contemporary lofts and condos with unbeatable skyline views. The 94
Groveland 21 TRENDS 2015 • ben ganje + partners
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Population: Condos sold in 2014: 277ST CATHERINE UNIVERSITY (St Mary’s Average Days on Market: 33.9 Campus) AUGSBURG Average List price: $518,157 COLLEGE Average Sale price:Murphy $530,647 Square Average Square feet: 1,512 94
Gabriel Keller
Lars Peterssen
Meet our Preferred Partners
Peterssen/Keller Architecture 612.353.4920 pkarch.com Peterssen/Keller Architecture is an award-winning full-service architectural firm that specializes in custom homes, lofts, cabins and boutique commercial projects. Our collaborative, client-focused design process results in unique residences that are as distinct as their owners. As residential architects and designers, we integrate sustainable design practices into every project, from small additions to LEED-certified new homes, finding solutions that merge environmental thinking with exceptional design. At Peterssen/Keller, every client is our passion, and every project is an opportunity to create a home crafted to last a generation. TRENDS 2015 • 24
Courtney Johnson Martha Dayton
Martha Dayton Design 811 Glenwood Ave S • Suite 370 Minneapolis, MN 55405 612.824.1751 phone • fax marthadayton@marthadaytondesign.com www.marthadaytondesign.com Martha Dayton Design 811 Glenwood Ave S • Suite 370 Minneapolis, MN 55405 612.824.1751 phone • fax marthadayton@marthadaytondesign.com www.marthadaytondesign.com
Kelly Perry
Martha Dayton Design is an awardwinning Minneapolis-based design firm that provides a full range of interior design services. We focus on helping clients create an environment that honors who they are while elevating their design sensibilities. Founded in 2005, Martha Dayton Design works with both residential and commercial clients to seamlessly carry out plan review, finish specifications, furniture selection, and installation of the finished materials.
Martha Dayton Design 612-850-9493 marthadaytondesign.com
Meet our Preferred Partners
TRENDS 2015 • 26
Nick Walton
Meet our Preferred Partners
ReuterWalton Construction 612.823.3489 reuterwalton.com Reuter Walton Companies focuses on helping its clients build, develop and restore its property. Experts in all areas of residential and commercial construction and development with a keen eye for detail. Every project has its own life and its own personality. Having decades of experience in the industry, we see each project as a challenge and great opportunity to use this experience. TRENDS 2015 • 28
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50th & France
Carondelet Catholic
Burroughs Elementary
and into cozy cottages on the lakes (Calhoun and Harriet). The cottages are now mostly spacious bungalows and Tudors, but the attitude is still the same.
Download an interactive map at YourUrbanLife.com
CENTRAL Richard Green Elementary
City Inc. South
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terrain. It was developed in the 1880s as a way to lure homebuyers out of downtown
music in the summertime as you are taking a stroll by the lake.
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neighborhood is named from the linden trees in the area as well as for the rolling
lakes, and parks. The infamous (at least locally) Lake Harriet Bandshell, provides great
Cristo Rey
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Linden Hills is the signature neighborhood of Southwest Minneapolis. The
Linden Hills is home to over fifty miles of public pathways which connects creeks,
MIDTOWN GREENWAY
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Abbott Northwestern
Spotlight on: Linden Hills
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WHITTIER
MINNEAPOLIS
38th St W
Xerxes Ave S
els Exc
lvd
Whittier
36th St W
Xerxes Ave S
Excelsior r & Grand
France Ave
St Louis Park Cinema
17
yD
ECCO
The Bakken
36th St W M
Rec ont Center ere
Lake Calhoun
Minneapolis Institute of Arts & Lincoln The Children’s International Theater City of Lakes Waldorf MCAD
Lake St W
Dupont Ave S
3
Calhoun Pkwy W
vd Bl or
lsi ce Ex
MINIKAHDA
28th St W
kwy E un P
Museum of Broadcasting
Jefferson Elementary
Uptown Calhoun Square
Ca lh o
WEST CALHOUN
St W
Franklin Ave E
PHILLIPS
Lagoon Ave
Calhoun Commons
IL 25 NAL TRA GIO E R T E LR AK L R DA CE
26th
The Wedge
LOWRY HILL EAST
DOG PARK
Minnetonka Blvd City Hall
nA
yE sles Pkw
W
wy
Isles eo Lak f t he
Lake of the Isles
3 Lake St W
CEDAR-ISLES-DEAN
EAST ISLES
Hennepin Ave S
Bais Yaakov High
S
RT H TRAIL
NIL WO
Pk
Cedar Lake Ave lvd Calhoun et B s n Village Su
Torah Academy
France Ave
ST LOUIS PARK
KENWOOD
KE
BenildeSt Margaret’s
Cedar Lake
94
Park Ave
eS
wy
22
35W
Loring-Nicollet School
5
Franklin Ave W
Kenwood Elementary
Center
94
Stonebridge Comm School
Nicollet Ave S
Wi
LOWRY HILL
Av
in g
Cedar L ak e Pk
H Mpls NORT Lakes Area
S
Convention Center
15th St W
The Blake Walker School Art Center
Jewish Community AIL Center L TR A N O REGI LAKE R A CED
Ew
100
wood Pkwy
I
West End
K en
BRYN-MAWR
aha Pk w y eh
McRae Park
Population: 8,232 Median Household Income: $93,303 Average Household Net Worth: $749,066 Median Age: 39 years Land area (square mile) 1.393 sq miles Homes sold in 2014: 142 TRENDS 2015 • ben ganje + partners
30
Ultra-modern condos available April 2015. Exclusively represented by Ben Ganje + Partners. 42fiftyfivelofts.com
Trending New Developments
42fiftyfivelofts
Kristen McCormick
Annie Graunke
Melissa Musgierd
STUDIO M Interiors 763-717-8500 www.studiom-int.com
Meet our Preferred Partners
As a full-service design studio, Studio M is your professional resource for interior design. We work collaboratively with builders and their clients on specifications, finishes, materials and designs, partnering on projects from concept through completion to streamline the experience and deliver an exceptional result. At every phase in the process, our experienced, talented designers are at your service providing fresh design ideas and innovative product solutions that match your exacting standards. TRENDS 2015 • 34
Meet our Preferred Partners
Rehkamp LarsO n Architects 612.285.7275 rehkamplarson.com
Join us in the collaborative process of design. We are great listeners, creative thinkers, and problem solvers combining the art and science of architecture on your behalf. We engage in a dynamic relationship with you–exploring what is possible and refining the architectural solution to create a house for your lifestyle.
Mark Larson
Jean Rehkamp
TRENDS 2015 • 36
Lake Classen
78th St
Ln N Central Ave
CARVER BEACH
Lake Lucy
Lake Ann Park
Kerbe
Vicksburg
Ferndale Rd
Lotus Lake
Purgatory Park
Clear Springs Elementary
Scenic Heights Elementary
© Hedberg Maps, Inc. All rights reserved
is nestled around scenic Wayzata Bay and looks out over the long expanse of historic Lake Minnetonka, with its sparkling blue waters, wooded and meandering shoreline, islands and many secluded bays. Discover a quaint village rich in history. Shop the latest in lakeside fashions, artwork, antiques and collectibles. Enjoy the eclectic assortment of restaurants that range from casual to elegant. Most offer lakefront views, and none are more than a stone’s throw from the water. Gaze upon the cruisers as they go by or look out at picturesque clusters
3
of sailboats. In the winter, you’ll see ice racers, skaters and
Scenic Hts Dr
r Bl vd
dozens of ice fishing houses. Our theater of seasons never shuts down. Wayzata is truly a destination for all seasons.
OAK TERRACE
The Wayzata Chamber of Commerce
62
EDEN PRAIRIE E ke Tr ck La Du Prairie
View Elementary
10 1
Crosby Rd
Bushway Rd
Rd ng
Mi n n e ton k
Chanhassen Rd
Clear
io
Duck Lake Rd
Rd ge Rid
ant Vi w Ple a s
La
78th St
101
S
Ex
Pagel Activity Minnetonka High Center
Covington Park
i pr
Round Lake
Duck Lake Eden Prairie High
Eden Prairie Rd
retum Blvd
Vinehill Rd
e n vd
Bl
17
Minnetonka East
7
Delton Ave
Located at the northeast tip of Lake Minnetonka and a shot 12 miles from Downtown Minneapolis, Wayzata
Sparrow Rd
Orono Orchard Rd
M
cy Rd Lu
CHANHASSEN
117
Silver Lake
Bennet Baseball Fields
MINNETONKA
Town Line Rd
Lake Ann
Ar b o
t o n k a
Brown Rd S S
W at er S
t
Blvd
Haz eltin e
ke
M
ZI M P
Stieger Lake
nR d
Christmas Lake
Galpin St. John 82 Lake The Baptist
Minnetonka West Middle
VICTORIA
7
TRA
ood Rd gew Rid
Deephaven Elementary
Vinehill Rd
N
E TH
Lake Minnewashta Regional Park
Bayview Event Center Maynards Spring Hill School
Excelsior Elementary St
Our Saviors Lutheran
41
St Albans Bay
LRT
TH
Spotlight on: Wayzata
Libbs Lake 5
101
ls
Dr
COUNTRYSIDE
Mary Lake
aS nk t A lba eto n ns in Ba
Groveland Elementary
Minnetonka Blvd
OR IL N
Rd
37 TRENDS 2015 Lake • ben Auburn ganje + partners a
Rd or an
a
Rd
r Pa
i tor Vic
r ve
Tamarack Lake
w
Lake Minnewashta
Historic Cottagewood General Store
Breezy Pt Rd
vd Bl
lvd
d kR
VICTORIA Schutz Lake
19
7
Lake Virginia
COTTAGEWOOD
rB
Lowry Nature Center Sunny Lake
ZUMBRA HEIGHTS
EXCELSIOR
MINNEWASHTA
Smithtown Bay
Lake Zumbra
IL
A town Rd TR ith T Sm R L
Old Log Theater
Gideon Bay
R
NO
Carson Bay
M
Grays Bay
St. Therese
SUNSET POINT
McGi Rd Wnty
101
Dell
Stone Lake
Acres R d lling Ro
11
HENNEPIN COUNTY CARVER COUNTY
Minnewashta Elementary
TH
GIBSON POINT
DEEPHAVEN
GREENWOOD
Bay
CEDAR POINT
e
Carver Park Reserve
SHOREWOOD
WAWATOSA ISLAND
i
M
TONKA BAY Echo 19
Manitou Park
HOWARD POINT
ISLAND
16
Wayzata Bay
Robinson Bay
n
ill M
7
NS MA ER ENCHANTED M SS ISLAND A
EAGLE ISLAND
Lake Minnetonka Regional Park
L a k e
SHADY ISLAND
Howard’s Pt Rd
CRANE ISLAND
MINNETRISTA
SPRAY ISLAND
AR
WS RO
15
12
WOODLAND
o vin g t Co
44
Rd
Gleason Lk Rd
ce
Upper Lake
Caman Bay
Lake
Gleason Lake Elementary
WAYZATA
WAYZATA VILLAGE
LOOKOUT POINT
ISLAND
L AI Gleason TR
a Blv d Lake St St. Bartholomew
Blake LowerHighcroft
Lower Lake
MINNETONKA BEACH BIG Big Island Regional MAHPIYATA Park
Way zat
Library
d yR
ROCKY REEF
Halstead Bay
ISLAND PARK
Phelps Bay
nit ou
B E AC H
KINGS POINT
Calvary Memorial
u Rd anito
Tuxedo
Priest Bay
Spring Park Bay
125
Blvd
Lafayette Bay
NAVARRE M a
Black Lake
PHELPS ISLAND d Blv
15
NT
Cooks Bay
Rd
r
TE TA S E
Wayzata West Middle
Redeemer Lutheran
15
Browns Bay
LAFAYETTE
CE
ils hire
d
d
C E L IN
W Ferndale Rd S
15
Crystal Bay
CR
t Bartle
110 EAGLE BLUFF
Seton Lake
Lord Fletchers
h ta Pkwy
lv d
125
W
ge Blvd
Langdon Lake
Shirley Hills Primary Elementary
19
ES
Shoreline Dr
SPRING PARK
Hill School
BOHNS POINT
D reline Sho
BRACKETTS POINT
Smith Bay
LU
WOODHILL
Tanager Lake 15
Dr ine rel o h
WAYZATA
12
Fox St
Galpin Blvd
Summit Ave
DAKOTA RAIL TRAIL
tB
W
ed
FAGERNESS POINT
Harrison Bay
Our Lady of the Lake
e st
West Arm
MOUND
Lynwood Blvd
Gale Woods Farm Park
THREE POINTS
110
51
r
Su
15
hor eD
r
Comm erce Blvd
Blair Rd
Pond Sports Center
N
o wo Shady
Dutch Lake
NS
Minnetonka Center for the Arts
L
ood Maplew Rd
Grandview Middle
Jennings Bay
h Shore Dr ort
Dr
Hilltop Primary Elementary
North Arm
Forest Lake
ow Will
Game Farm Rd
MoundWestonka High
Noerenberg Memorial Park
Maxwell Bay
ng
42 ORONO
ORONO
Fox St
L
146
84
Rd wa nka To
Dr Arm th
Rd
No r
151
Holbrook Ballfield
84
135
et D
in
r Cre ek
Stubbs Bay
ns
Ingerson Dr
Pa
te
Sunnyfield Rd
r Ca
R
Minne a s
Game Farm Rd N
19
BURL OAKS
West Branch Rd
Little Long Lake
Ba ysid e
Water town Rd
d
26
84
IL
Ol
LONG LAKE
12
Hadley Lake
R ake
Minnetonka Orchard
RA
Long Lake
o
19
LUCE LINE STA TE T
Lydiard Lake
Wood Rill SNA d
Lake Mtka
Wayzata Blvd
Stubbs Bay Rd
110
6
McCulley Rd
6
SPRING HILL
Old Crystal Bay Rd
Budd Ave N
Watertown Rd
Population: 3,488 Median Household Income: $64,254 Average Household Net Worth: $755,875 Median Age: 49 years Edenvale Conservation Land area (square mile) 3.158 sq miles Area Homes sold in 2014: 95
Nestled within an existing neighborhood, the Enclave was created to be a neighborhood within a neighborhood, giving residents a sense of place. Steps from downtown Wayzata, the Enclave will be in proximity to services, restaurants, trails and the lake, all within walking distance. Team par tners include Jeff Lindgren from Jalin Design and landscape architect Terramark. Anticipated model by Hage Homes in spring 2015. Lot and build packages star t in the $800’s. Exclusively represented by Ben Ganje + Par tners.
Trending
EnclaveofWayzata.com
Enclave
of Wayzata
New Developments
TRENDS 2015 • ben ganje + partners
40
Meet our Preferred Partners
Hage Homes, Lic. 2935 763-498-7611 hagehomes.com Hage Homes is devoted to taking ideas, dreams, wishes of clients from inception to reality. We are a well-established homebuilder dedicated to creating homes which reflect the lives of their inhabitants. A collection of details is what makes a home. Always highly involved, we keep a keen eye to the finest craftsmanship throughout the building process.
Kerry Hage
41 • TRENDS 2015
Meet our Preferred Partners
JALIN Design, LLC 763.464.4401 jalin-design.com As to style, Jeff is blazing new trails. His love of contemporary design, the Arts and Crafts and Prairie Style movement and period architects like Voysey, Green & Green and Frank Lloyd Wright have helped him create his own style, which he likes to call “contemporary traditionalism.” For Jeff, it’s all about balancing the old and the new. Judging from his clients, he’s succeeding quite well. Jeff knows a successful practice begins and ends with the clients he serves. His measure of success is getting them excited, involved and engaged in each new project. To Jeff, it’s always a great adventure.
43 • TRENDS 2015
Jeff Lindgren
CE
Exc
Methodist Hospital
St. Johns Catholic
Blake Lower Hopkins Campus
100
Meadowbrook Lake
MEADOWBROOK
Lake Harriet Lower Elementary
MORNINGSIDE Golden Years Montessori
Lyndale Hills Playground 44th St W
Interlachen Blvd
Interlachen Rd Mirror Lake
169 Blake Rd
FOX MEADOW
Walnut Ridge Park
Bren Rd
rn Ve
O lin g
BREDESEN PARK
United
Lin
co
ln
Dr
on
Highlands Elementary
Av
158
Garden Park
e
City Hall
100
GRANDVIEW
COUNTRYSIDE er B
Bredesen Park
Crossto
HIGHLANDS
Highland Park
PARKWOOD KNOLLS
50 t h S t W
Jerry’s Center Our Lady of Edina Grace Library
EDINA
GOLF TERRACE HEIGHTS
MELODY LAKE
Countryside Elementary
Concord Elementary
EDINA
wn Hwy
Chesterton Academy
y Vi e
17 STRACHAUER PARK
w Rd
BRAEMAR HILLS
Braemar Blvd
169
70 t h
PROSPECT KNOLLS
Lewis Park Dewey Hill Rd
BRAEMAR Braemar Arena
Braemar Park
494
W
ina
W 69th St
Cornelia Elementary
Vet South
CAHILL
Southdale Center & Theaters Galleria
St W
MN Made Ice Center
W 66th St
70th St W
Sobriety High West Acadamy
DEWEY HILL
t 78t h S
Viking Dr
100
SOUTH CORNELIA LAKE EDINA
RICHFIELD Hennepin
PROMENADE County
Library
Yorktown Mall
31
PARKLAWN CENTENNIAL LAKES EDINBOROUGH
Lake Edina
76th St W
FRED RICHARDS
l Blvd In d u s t r i a
Edinborough Park
PENTAGON PARK
77th St W
5
494
5
American Blvd W
Reservoir Park
Hyland
Normandale Lake
d
Normandale Shopping Center
W 84th St Poplar Bridge Elementary
France Ave
Jump
Bandshell
Normadale Blvd
ak
d e R Ski
Chalet R
Bus hL
Rd W
American Blvd W
Anderson Lakes
Population: 49,376 Total housing units: 21,669 Land area: 15.45 square miles Persons per square mile: 3,103 Median Age: 45.2 years Median Household income: $82,902 Average Household Net Worth: $843,548
SOUTHDALE
LAKE CORNELIA
BROOKVIEW HEIGHTS
M
EDEN PRAIRIE
Rd
THE HEIGHTS
Southdale Step By Step Square Montessori
53
Lake Cornelia
Cahill Rd
Va
Va
lle
View
Washington Ave
Eagle Ridge Academy
Southdale Hospital
Edina Aquatic Center
66th St W
View
lley
INDIAN TRAILS
Edina High
Ed
Prairie Center ALC
y
Valley View Middle
Indianhead Lake
CREEK VALLEY
France Ave
INDIAN HILLS
Open Track South
Download an interactive map at LuxuryEdinaHomes.com
62
y Hw ow sst CroFairview
Edina Art Center
o B l vd
Gle
restaurants and abundant free parking.
Armatage Park
CHOWEN PARK
et r
Arrowhead Lake
Dr
Tracy Ave
l ou d
retailers and professional service businesses, 20
CREEK KNOLL
PAMELA PARK
CONCORD
NORMANDALE PARK
Rd
gC
d on R as
in F ly
Creek Valley Elementary
Xerxes Ave
St. Peters Lutheran
62 212
MINNEAPOLIS
MINNEHAHA WOODS
Pamela Park
true for dining. There are more good restaurants The neighborhood now features more than 175
21
58th St W
V a ll e
Countryside BIRCHCREST Park
ARDEN PARK
both sides of France Avenue. The same is certainly now in the neighborhood than ever before.
50th St W
South View Middle
Normandale Elementary & Edina Community Center
Benton Ave
lvd
Edina Cinema
neighborhood more than ever, with shops on Lake Harriet
n
MINNETONKA
20
Pershing Park
50TH & FRANCE
SUNNYSLOPE
Xerxes Ave
Van Valkenburg Park
Southwest High
COUNTRY CLUB
HILLDALE
INTERLACHEN PARK
France Ave
Maloney Blvd
TODD PARK
Wooddale Ave
ROLLING INTERLACHEN GREEN
WHITE OAKS
Concord Ave
5th St S
20
50th and France is thriving as a retail
Beard’s Plaisance
Blake Middle
PRESIDENTS
Linden Hills Village
Penn Ave
3
The Whole Learning School
Spotlight on: 50th & France
17
Calvin Christian Edina
Susan Lindgren Elementary
Most Holy Trinity
MINIKAHDA
vd
© Hedberg Maps, Inc. All rights reserved
Blake Arena
o
el
Bl sior
BLOOMINGTON Skriebakken Park
Penn Ave
E
lsi xce
3
vd r Bl
Excelsior & Grand
Quest Academy
2nd St NE
France Ave
St Louis Park Cinema
Penn Ave
KE
LA
ST LOUIS PARK
Lake Calhoun
The Bakken
Xerxes Ave
Blake Rd
NOR T REG H CED ION AR L AL TRA AKE IL
5th Ave N
IL RA
T LRT
eS
Main St
R DA
W
Av
HOPKINS
St
na
Alice Smith Elementary
e Lak
Rec Center
Grimes Ave
isia
Edina
3
36th St
Lou
7
TRENDS 2015 • ben ganje + partners
46
FIX Design Haus 612.309.9887 laurie@fixdesignhaus.com FIX Design Haus is a full-service staging firm offering consulting, project management, and vacant home staging with an impressive inventory of high-end furniture and accessories. Schedule an appointment to analyze your property for its strengths and weaknesses and to determine exactly what is needed to make buyers walk in and fall in love.
Laurie Fleming Stacy Johnson
47 • TRENDS 2015
Meet our Preferred Partners
Meet our Preferred Partners
Spacecrafting 612-353-4073 spacecrafting.com Spacecrafting is the largest Minneapolis-based architectural photography and video team. Specializing in capturing dynamic imagery for a wide range of builders, architects, interior designers, and real estate agents, Spacecrafting is focused on using captivating photography to tell the story of a space. Their hands-on approach and keen eye for detail gives each project a unique quality that cannot be matched.
A R C H I T E C T U R A L
49 • TRENDS 2015
P H O T O G R A P H Y
&
V I D E O
TRENDS 2015 •
Atrion Faiola
Meet our Preferred Partners
Jason Mikunda
Wells Fargo private mortgage banking 90 S 7th St, Minneapolis, MN 55402 612.466.5444 - Jason Mikunda NMLSR ID 533113 612.239.2389 - Atrion Faiola NMLSR ID 533114 TRENDS 2015 • 52
Ben worked overtime, nights, weekends, you name it he and his team did it before you asked. He is reachable at any time of day and very responsive - you feel like you are his only client.
We just completed our third transaction in two years and without a doubt, this is the guy that you want on your team to help navigate the nuances and the attention to detail required in real estate transactions. Josh was a referral from another friend of mine, so I thought I’d meet with him and feel him out. He had all of his facts straight and is very organized. Any time I send him an email or text message, he responds immediately. He told me what I would have to price my unit at to move it in 30 days, and guess what...I sold in just under 30 days! He brought in a stager for professional opinions, and a photographer that set my listing apar t from the others. If I had to do it all over again, I would have no regrets picking Josh.
When we decided we wanted to buy a home, we were very excited and anxious to star t looking. Once we began looking at homes we were shocked by how quickly homes move on and off the market, and how strategic one must be when making an offer. Working with Josh made the process must less stressful. Josh was very flexible and always available to show us the many homes we looked at. During the process of viewing different homes, Josh gave his honest opinion and advice on the home, the neighborhood, and the pros and cons that should be considered regarding each home. When we were ready to make an offer Josh was able to offer us great advice on where to star t. When we finally found the perfect home Josh made sure that we got the best deal and that everything went smoothly until we had the keys! We are so grateful to have been able to work with Josh. We definitely recommend him to anyone interested in a new home, and will use him again if we ever decide to move!
Wayne and Christopher
Luka and Todd
– Heidi A
From our first meeting to closing, Ben’s team did a great job of making sure all my questions were answered and that I was 100% comfortable with the position before moving forward. They took my feedback and turned it into results and it didn’t take long for them to narrow down exactly what I was looking for in a home. – Ali M
My son Adam and I have worked with Ben and his team three times in the past 24 months and they were wonderful to work with in every way. Their careful attention, exper tise, and efficiency made a potentially difficult transition process stress-free. Moreover, after the move they’ve continued to touchbase with me to make cer tain that all is well. I greatly appreciate the meticulous service and professionalism Ben and his team provided. I can recommend them without hesitation. Carmen (pictured with her son, Adam)
What our clients are saying Ben doesn’t just list your home and hope that everything works out, he actually has a strategic process that ensures your home shows the best, attracts the right buyer, and gets you the price that you want. I accepted an offer less than a week after going on the market.
We met Ben in 2010 when he represented the seller for the condo we bought in the Carlyle. Since then, we struck up a friendship and have been in touch over the years. This past year, we sold that condo as we were looking for more space, and I can’t say how great Ben and his team were in helping us sell the condo. We gave Ben an expedited time frame to sell the condo and an asking price we firmly believed was market value, and he delivered on both fronts (we sold our condo before it had even been listed, and despite aggressive negotiations, came within 1% of our original asking price). Ben personally spent the time weighing options, giving me his honest recommendations, and getting the results we needed. Ben and his team are professional, friendly, and dedicated. We look forward to buying our future home with Ben when that time comes, and thank him for his service and friendship. Sahil and Mana
It was obvious from the first conversation that we were working with a brilliant agent who loves his job. – Darcia D
Anna and I were lucky to work with Ben Ganje and his team. Ben has an unmatched exper tise in the Minneapolis area and an ability to cater to buyers at differing levels. He also offers great advice and resources on how to optimize investments in our home. We recommend Ben to our friends and absolutely will work with him on our next house. Chris and Anna
– Varsha S
TRENDS 2015 • ben ganje + partners
54