Rebound Partners · Northfield, MN
Northfield, MN
A Growing Market with Documented Demand
Northfield is a thriving college community 35 miles south of Minneapolis — home to Carleton College and St. Olaf College, with a highly educated, stable workforce and near-zero residential vacancy.
-
21,000+ population with consistent growth
-
Near-zero vacancy rate — housing shortage documented
-
Northfield ISD 659 — one of Minnesota's most sought-after school districts
-
35 miles from Minneapolis via I-35 — strong commuter demand
-
Strong local employment base; growing professional population
-
Limited new developable land — Cedar Meadows is one of the only options
Development Schedule
Project Timeline
Three phases delivering 172 units from 2026 through 2028 and beyond,
with Phase 1 already under construction.
1
Active 2026
Phase 1 — 45 Lots + Senior Co-op
115 units across villas (7), single family (23), twin homes (6), triplexes (9), and the Gracewin/Nile senior co-op parcel (70 units). Construction underway April 2026. 73% of lots under executed purchase agreements.
2
Pipeline 2027
Phase 2 — 38 Units
Detached villas (26), single family (6), and twin homes/duplex (6 units / 3 buildings). Infrastructure builds on Phase 1 base. Builder contracts to be executed upon Phase 1 completion.
3
Future 2028+
Phase 3 — 42 Units
Detached villas (8), single family (15), twin homes (16 units / 8 buildings), and triplexes (3 units / 1 building). Final phase to complete the 172-unit master plan.