Enclave Cos Acquires Development Site At 7235 France Avenue Edina For $18 Million

The development site at 7235 France Avenue in Edina, MN has been sold for a total price of $18 million. The property previously housed Macy’s Furniture store and is now set for redevelopment. The developer, Enclave Cos, has plans to construct a mixed-use project consisting of 523 apartments, 49 condominiums, 21,300 square feet of retail and restaurant space, along with 68,000 square feet of office space.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $18,000,000
• Address: 7235 France Avenue
• Market: Edina, MN
• Buyer: Enclave Cos

The sale involved Enclave Cos acquiring the former store from Macy’s. This deal sets the stage for significant redevelopment in the area, emphasizing the shift in use from retail to a mixed-use environment that includes residential, commercial and office spaces.