Afton Park Development

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