Monarch Development Partners
Excelsior, Minnesota 2–10 employees 1 principals
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About Monarch Development Partners
Monarch Development Partners is a real estate operator headquartered in Excelsior, Minnesota.
Monarch Development Partners, LLC is a privately held real estate development firm based in Excelsior, Minnesota, founded and led by Carl Runck. The company specializes in mixed-use and multifamily residential projects, primarily within the Twin Cities metropolitan area. Their developments often integrate residential units with commercial spaces and public infrastructure enhancements. In downtown Waconia, Monarch is constructing a five-story, 92-unit market-rate apartment building on a 1-acre site, featuring 3,500 square feet of street-level retail space and amenities such as a fitness center, sauna, and rooftop lounge. The project is scheduled for completion in spring 2026.
Principals at Monarch Development Partners
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