Afton Park Development
Minneapolis, MN 2–10 employees 1 principals
Last updated
About Afton Park Development
Afton Park Development is a real estate operator headquartered in Minneapolis, MN. Afton Park Development operates in Bozeman, Montana, Chicago, Illinois and Minneapolis-St.Paul, Minnesota. Its investment focus is on Affordable Housing, Condominiums and Multifamily - Ground-up.
Afton Park Development was founded in 2021 by Ari Parritz, who currently serves as the firm’s President. The company operates as a boutique real estate developer based in the Twin Cities region. The firm focuses on new-construction and adaptive-reuse housing projects, transforming under-utilized sites into design-forward, resilient assets and communities. Its portfolio includes projects ranging from 2 for-sale condominiums in historic conversions to 153-unit multifamily buildings and mixed-use developments with ground-floor retail. Notable completed projects include 80 rental units with retail (completed August 2023), 61 units (May 2023), 118 units lakeside (November 2022), and a 121-unit building under construction in Bozeman, Montana. In 2025, Afton Park unveiled a $40 million redevelopment at Grand Avenue and Victoria Street in St. Paul, proposing a six-story mixed-use building with 87 market-rate apartments, 12,000 sq ft of ground-floor commercial space, and 121 parking stalls (mostly underground).
Principals at Afton Park Development
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Recent activity at Afton Park Development
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Afton Park Development's project portfolio
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Markets and themes
Markets Afton Park Development operates in
Investment themes at Afton Park Development
- Affordable Housing
- Condominiums
- Multifamily - Ground-up
- Multifamily - Value-Add
- Senior Housing
- Single-Family Homes
- Workforce Housing
Capabilities
- Construction Management
- Economic Development
- Mixed Use
- Site Development
- Sustainability
- Urban infill
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Frequently asked questions about Afton Park Development
- What does Afton Park Development do?
- Afton Park Development was founded in 2021 by Ari Parritz, who currently serves as the firm’s President.
- Where is Afton Park Development based?
- Afton Park Development is headquartered in Minneapolis, MN.
- What markets does Afton Park Development operate in?
- Afton Park Development is active in Bozeman, Montana, Chicago, Illinois, and Minneapolis-St.Paul, Minnesota.
- How many employees does Afton Park Development have?
- Afton Park Development has 2–10 employees.