Our History

Learn more about Schafer Richardson and its history.

Our People

Meet the people who make us who we are.

Contact Us

900 North Third Street,
Minneapolis, MN 55401

P 612.371.3000
F 612.359.5858

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Thanks for visiting us on the web. Schafer Richardson provides quality investment, leasing, development, and construction services through locally-focused commercial and residential real estate projects. Our goal is to provide high quality places and projects in which to live and work. Our development projects range from small infill buildings to large-scale redevelopment projects.  Please take your time to browse our web site and feel free to contact us if you have any questions or have further interest in our properties, services or real estate developments.


  • Red 20 Wins MADACS Award for Best New Development

    October 2, 2015

     Red 20 Wins MADACS Award for Best New Development


    Red 20, developed by Schafer Richardson, won two Minnesota Multihousing Association MADACS awards on September 25th- Best New Development and Best Three Bedroom Floorplan.  The MADACS Excellence Awards recognize achievement in multifamily design, advertising and community support.  Steven Scott Management performed the lease up and marketing for the development, and manages the residential portion of the property.  The building was designed by ESG Architects, constructed by Frana Companies, and is majority owned by IRET Properties.



    Third North Wins MADACS Award for Best Team: General Members


    Schafer Richardson congratulates Steven Scott Management and the team at Third North Apartments, a Schafer Richardson property, for winning a 2015 Minnesota Multihousing Association MADACS award for Best Team.  Other winners may be found on the MMHA website at:  http://www.mmha.com/MAIN/MADACS/2015-MADACS-Winners

  • Congratulations Jeannie Collins

    Congratulations Jeannie Collins

    September 28, 2015

     Schafer Richardson would like to congratulate Jeannie Collins on her recent promotion to Property Manager. Jeannie came to Schafer Richardson a year ago as Assistant Property Manager and in her short time with Schafer Richardson has risen to Property Manager. She has a BS in Social Work from St. Cloud State and has her real estate license.

  • Kare 11 Interviews Director of Development Maureen Michalski

    September 25, 2015

     Maureen Michalski spoke with Kare 11’s Heidi Wigdahl to discuss Schafer Richardson’s plans for the Nye’s site in Minneapolis.  Schafer Richardson and its partners, in response to stakeholder feedback, have revised plans for the site to maintain and renovate the existing historic buildings in place while adding quality low rise infill structures on the site.  The plan will add active and engaging retail uses to the first floor of the buildings and improve the pedestrian connection from the vibrant East Hennepin retail node to the Mississippi River. 


    Developer presents scaled-down plan for Nye's site










    Developer presents scaled-down plan for Nye's site

    The developer of the Nye's Polonaise Room site met with two city committees Thursday afternoon.


    View on www.kare11.com

    Preview by Yahoo



  • Red 20 Nominated for Multiple Awards

    Red 20 Nominated for Multiple Awards

    September 21, 2015

     Red 20 was recently nominated for a  National Association of Industrial and Office Properties (NAIOP) Award of Excellence in the multifamily housing category.  In addition, the development was nominated for the Minnesota Multi Housing Association MADACS award for Best New Development.  The MADACS award (Multi Housing Achievement in Design, Advertising and Community Support) ceremony will be held on Friday September 25th in Minneapolis. 


  • Congratulations to Dan Schaffan

    Congratulations to Dan Schaffan

    September 18, 2015

     Schafer Richardson would like to congratulate Dan Schaffan on his recent promotion to Senior Property Manager.  Dan has been with Schafer Richardson since 2008 and comes with 27 years of experience in commercial real estate that includes working with major developers in the Twin Cities.

  • Schafer Richardson Finishes Second Apartment in Watford City, ND

    Schafer Richardson Finishes Second Apartment in Watford City, ND

    September 17, 2015

     Schafer Richardson is pleased to announce the opening of the second building of Aspen Heights in Watford City, North Dakota. The first residents started to move in on September 1st after eight months of construction. The building includes a total of 48 units consisting of one-, two- and three-bedroom units. The first building (also consisting of 48 units) finished in fall 2014. Demand for housing in the Bakken oil field region has remained strong. Watford City is one of the fastest growing communities in the nation jumping from a population of 1,764 in 2010 to an estimated 10,000 in 2014.

     For leasing information, please call 1-844-756-9745 or visit the website at www.watfordaspenheights.com.


  • First Residents Move Into 71 France

    First Residents Move Into 71 France

    September 16, 2015

     The first phase of 71 France officially opened its doors on September 15, 2015. Residents have been patiently waiting to take the first glimpse of their reserved units and the several residents moved in on opening day. The first building features 109 market rate rental units as well as amenities including a club room, fitness room, outdoor pool with sundeck, pet grooming area, outdoor terrace with firepit and grilling area, and access to the Promenade and Centennial Lakes. IRET and Schafer Richardson are excited to see the building come to life after a year of construction. For leasing information, please visit http://71france.com

  • Cameron Apartments Groundbreaking

    Cameron Apartments Groundbreaking

    August 3, 2015
    New affordable housing in the North Loop.  
  • Model Open at 71 France

    Model Open at 71 France

    July 17, 2015
    71 France will be open for residency on September 15, 2015.  
  • Third North Apartments Featured on Dogster

    Third North Apartments Featured on Dogster

    July 14, 2015
    Luxury Pet Amenities!  
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