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<\/p>\n1:53 PM | Friday, September 18, 2026<\/p>\n
The second largest apartment complex in the state \u2014 and the largest in Brooklyn Park \u2014 is now called Noma One Apartments.<\/p>\n
Previously called Huntington Place, the new name reflects a new beginning.<\/p>\n
The new owners and the management group behind them didn\u2019t shy away from the complex\u2019s troubled past.<\/p>\n
They stated how they didn\u2019t see the property as a \u201clost cause\u201d and plan to follow through on $20 million in improvements.<\/p>\n
Many of those improvements have started already, as shown during a grand opening celebration held Sept. 17.<\/p>\n
\u201cThis 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,\u201d said Jay Kaufman with New York-based Mas Capital Group, a real estate investment firm focused on multifamily properties.<\/p>\n
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.<\/p>\n
That\u2019s not to mention improvements to every unit.<\/p>\n
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\u2019t 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.<\/p>\n
<\/p>\n
View of fitness center next to golf simulator room at Noma One Apartments<\/p>\n
Unit by Unit Improvements<\/p>\n
Noma One Apartments is about 55 percent occupied.<\/p>\n
According to property management, the high vacancy rate has allowed crews to do renovations without displacing any tenants.<\/p>\n
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.<\/p>\n
\u201cWe wanted to make sure we weren\u2019t going to displace anyone,\u201d said Kathleen Caldarera with GC Multifamily. \u201cWe weren\u2019t going to disrupt lives too much.\u201d<\/p>\n
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.<\/p>\n
\u201cI\u2019m competitive. I don\u2019t like to fail,\u201d said Caldarera. \u201cI like a project and I honestly think that\u2019s what it is.\u201d<\/p>\n
Flying in from Arkansas and getting to know the area had her convinced.\u00a0<\/p>\n
\u201cWhen 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 \u2018wow, this can be a cute community,\u2019 it is a cute community, and I can be a part of that,\u201d said Caldarera.<\/p>\n
Caldarera also knows patience is required. The entire renovation is expected to take up to 18 months. Currently, the project is six months in.<\/p>\n
\u201cI tell my whole staff, this is going to be difficult. Trust the process. We\u2019ve got really good processes in place,\u201d Caldarera said.<\/p>\n
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Photo of remodeled kitchen\/courtesy Noma One Apartments<\/p>\n
Local Reaction<\/p>\n
As more units get renovated, Caldarera expects occupancy to grow. Renovations to units<\/a> include new AC units, new flooring and upgraded kitchens and bathrooms.\u00a0<\/p>\n Cindy Hill, a longtime Brooklyn Park resident, attended the grand opening and toured the remodeled units.<\/p>\n \u201cWhen I walked through the doors, what was I expecting, a new coat of paint. But what did I see? A whole new development,\u201d Hill said. \u201cWhen I went on the tour and actually saw the units, we\u2019re talking about state-of-the art.\u201d<\/p>\n Living in Brooklyn Park for nearly 40 years, Hill knows the importance of this project and the city getting it right.<\/p>\n \u201cThis project right here is going to change everything, it\u2019s a new beginning, and it\u2019s something that the residents deserve,\u201d said Hill. \u201cWe are changing lives from the youth all the way to adults, giving them things that they don\u2019t have to leave outside of their community, you are actually bringing the things to them.\u201d<\/p>\n Under previous ownership, tenants of the former Huntington Place Apartments<\/a> raised a litany of concerns, including mold, pests, lack of repairs, and crime.<\/p>\n Brooklyn Park Mayor Hollies Winston says he\u2019s encouraged by what he has seen so far and is cautiously optimistic.<\/p>\n \u201cThose are the important things for me, that it\u2019s a nice facility, crime continues to go down and people are safe,\u201d said Winston. \u201cFrom what I\u2019m hearing, from what I\u2019m seeing, it\u2019s moving in the right direction.\u201d<\/p>\n Winston credited faith-based nonprofit Restoration Inc. for its work in reducing crime in the area and providing resources to residents.\u00a0\u00a0<\/p>\n \u201cWe were able to do violence interruption services here, boots on the ground, working with some of the most at-risk youth and young adults,\u201d said Connie Rhodes, founder of Restoration Inc.\u00a0<\/p>\n Rhodes said Restoration Inc. had a contract to provide intervention services and continues to volunteer its services.\u00a0<\/p>\n \u201cThe police department said \u2018you guys are doing a great job, we\u2019re getting less and less calls,’\u201d said Rhodes.<\/p>\n Addressing Rent<\/p>\n Because of the financing arrangement approved by the city maintains affordability, tenants will only see slight rent increases due to the improvements, officials said.<\/p>\n Most tenants were in the $900 to $1,100 range for monthly rent.<\/p>\n Rent for 50 percent area median income (AMI) is expected to be around $1,100 and $1,250 for 60 percent AMI, said Caldarera.\u00a0<\/p>\n \u201cWe have have max rents we can\u2019t go above,\u201d said Caldarera. \u201cWe\u2019re trying to stay underneath that.\u201d<\/p>\n Brooklyn Park\u2019s Huntington Place Apartments Sold for $33M to NY Firm<\/a><\/p>\n \u00a0<\/p>\n