1:53 PM | Friday, September 18, 2026
The second largest apartment complex in the state — and the largest in Brooklyn Park — is now called Noma One Apartments.
Previously called Huntington Place, the new name reflects a new beginning.
The new owners and the management group behind them didn’t shy away from the complex’s troubled past.
They stated how they didn’t see the property as a “lost cause” and plan to follow through on $20 million in improvements.
Many of those improvements have started already, as shown during a grand opening celebration held Sept. 17.
“This is a full transformation of this property inside and out. New interiors, a full reimagined exterior, and brand new amenities with more improvements still on the way,” said Jay Kaufman with New York-based Mas Capital Group, a real estate investment firm focused on multifamily properties.
Improvements include a modernized clubhouse, a new fitness center and golf simulator room that replaced the indoor pool, and eventually a new outdoor pool currently under construction.
That’s not to mention improvements to every unit.
Mas Capital Group bought the property from Minneapolis-based affordable housing developer Aeon, which warned the property would head toward foreclosure if the sale didn’t go through. The deal included the stipulation that city agreeing to forgive a nearly $4 million dollar loan owed by Aeon. The agreement also assured that rent for the apartments will be kept affordable.
View of fitness center next to golf simulator room at Noma One Apartments
Unit by Unit Improvements
Noma One Apartments is about 55 percent occupied.
According to property management, the high vacancy rate has allowed crews to do renovations without displacing any tenants.
Fort Smith, Ark.-based GC Multifamily property management is overseeing the project with New Jersey-based Refresh Group working on the renovations and Minneapolis-based Corridor helping with leasing.
“We wanted to make sure we weren’t going to displace anyone,” said Kathleen Caldarera with GC Multifamily. “We weren’t going to disrupt lives too much.”
Caldarera said word of the mouth led her to partner with Mas Capital Group to take on the project, despite taking some convincing at first.
“I’m competitive. I don’t like to fail,” said Caldarera. “I like a project and I honestly think that’s what it is.”
Flying in from Arkansas and getting to know the area had her convinced.
“When you come in and people were talking about crime and not-so great area, that is not what I saw when I came here. I really was like ‘wow, this can be a cute community,’ it is a cute community, and I can be a part of that,” said Caldarera.
Caldarera also knows patience is required. The entire renovation is expected to take up to 18 months. Currently, the project is six months in.
“I tell my whole staff, this is going to be difficult. Trust the process. We’ve got really good processes in place,” Caldarera said.
Photo of remodeled kitchen/courtesy Noma One Apartments
Local Reaction
As more units get renovated, Caldarera expects occupancy to grow. Renovations to units include new AC units, new flooring and upgraded kitchens and bathrooms.
Cindy Hill, a longtime Brooklyn Park resident, attended the grand opening and toured the remodeled units.
“When I walked through the doors, what was I expecting, a new coat of paint. But what did I see? A whole new development,” Hill said. “When I went on the tour and actually saw the units, we’re talking about state-of-the art.”
Living in Brooklyn Park for nearly 40 years, Hill knows the importance of this project and the city getting it right.
“This project right here is going to change everything, it’s a new beginning, and it’s something that the residents deserve,” said Hill. “We are changing lives from the youth all the way to adults, giving them things that they don’t have to leave outside of their community, you are actually bringing the things to them.”
Under previous ownership, tenants of the former Huntington Place Apartments raised a litany of concerns, including mold, pests, lack of repairs, and crime.
Brooklyn Park Mayor Hollies Winston says he’s encouraged by what he has seen so far and is cautiously optimistic.
“Those are the important things for me, that it’s a nice facility, crime continues to go down and people are safe,” said Winston. “From what I’m hearing, from what I’m seeing, it’s moving in the right direction.”
Winston credited faith-based nonprofit Restoration Inc. for its work in reducing crime in the area and providing resources to residents.
“We were able to do violence interruption services here, boots on the ground, working with some of the most at-risk youth and young adults,” said Connie Rhodes, founder of Restoration Inc.
Rhodes said Restoration Inc. had a contract to provide intervention services and continues to volunteer its services.
“The police department said ‘you guys are doing a great job, we’re getting less and less calls,’” said Rhodes.
Addressing Rent
Because of the financing arrangement approved by the city maintains affordability, tenants will only see slight rent increases due to the improvements, officials said.
Most tenants were in the $900 to $1,100 range for monthly rent.
Rent for 50 percent area median income (AMI) is expected to be around $1,100 and $1,250 for 60 percent AMI, said Caldarera.
“We have have max rents we can’t go above,” said Caldarera. “We’re trying to stay underneath that.”
Brooklyn Park’s Huntington Place Apartments Sold for $33M to NY Firm