Streetfront Development

What Streetfront Development does

Streetfront Development is a Minneapolis-based real estate development and consulting firm founded in 2019 by Charles Burdick, a LEED Accredited Professional. The firm focuses on boutique-scale, walkable urban infill housing in the Minneapolis–Saint Paul metropolitan area, with occasional consulting engagements outside the region. It operates two distinct lines of work: (1) owned or co-developed real estate projects, including the completed 24-unit Montgomery Place apartments in Saint Paul (2023), the under-construction 15-unit Fletcher condominium development in Minneapolis (with Good Neighbor Homes, delivery targeted early 2027), and the Litchfield Historic Buildings renovation; and (2) a development consulting practice offering financial feasibility analysis, turnkey development services, site optimization, and capacity building to cities, nonprofits, cooperatives, and private developers.

The company has no proprietary technology products and operates as a founder-led, one-person firm (headcount 1-10). Its services are delivered through direct relationships with project teams, repeat partnerships with local architecture firms (Locus Architecture, Kaas Wilson, Simonson + Associates, Collage Architects) and general contractors (Stahl Construction, Bauer Design Build), and engagement-based consulting work for clients such as Sherman Associates, CoNorth, and the University of Minnesota's Emerging Small Minnesota Communities program.

Revenue is generated through three mechanisms typical of small-scale developers: developer fees paid by project investors, equity ownership stakes in completed properties, and direct capital investment in projects alongside investors. Consulting engagements add a fee-for-service stream. Marketing is primarily content-driven via the company's Squarespace-hosted blog, project-specific websites (e.g., fletchermpls.com), an email newsletter, and a single sales-agent relationship for condominium disposition. The firm has not raised institutional funding and operates as a privately held, bootstrapped entity.

Name

Streetfront Development

Legal name

Streetfront Development

Website

https://streetfront.us

Company type

Private

Founded year

2019

Operating status

Operating

Headcount range

1–10 employees

Short description

Streetfront Development is a Minneapolis-based, founder-led real estate development and consulting firm founded in 2019, focused on boutique-scale walkable urban infill housing in the Twin Cities and on development consulting for cities, nonprofits, and private developers.

Ownership category

akta.pro rank

Product category

Real Estate Development Services

NAICS

Residential Building Construction (2361), New Housing For-Sale Builders (236117), New Multifamily Housing Construction (except For-Sale Builders) (236116)

SIC

Land Subdividers & Developers (No Cemeteries) (6552)

akta.pro primary industry

Residential Land Development & Subdivision Homebuilding (Build-to-Sell Communities) (IMAFABAL)

akta.pro secondary industries

Residential Affordable Housing Development & Construction (IMAFABAI), State/Provincial Housing, Urban/Regional Planning & Community Development (BPAIABAM)

Keywords

• Real estate development
• Walkable urban infill
• Development consulting services
• Sustainable housing projects
• Multifamily real estate

Headquarters

HQ city

Minneapolis

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Supply Chain, Others

Revenue model

1. Development Fees: The developer receives a fee from investors for performing development services including project management, financial modeling, site acquisition, design direction, financing coordination, city approvals, and marketing.
2. Property Ownership/Equity: The developer receives ownership stakes in the resulting properties as compensation for investing capital and expertise in the project.
3. Direct Investment: The developer invests their own money in projects alongside other investors.
4. Consulting Fees: Streetfront provides development consulting services ranging from single feasibility analyses to full staff augmentation. Engagements are fee-based for cities, nonprofits, cooperatives, and private developers.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

Streetfront Development is a Minneapolis-based real estate development and consulting firm that develops boutique-scale, walkable infill housing — including apartments and condominiums — in the Twin Cities region. In parallel, it provides paid development consulting services (financial feasibility analysis, turnkey development, site optimization, and training/capacity building) to cities, nonprofits, cooperatives, and private developers. Revenue derives from developer fees, equity ownership in properties, capital investment, and consulting fees.

Product overview

Streetfront Development is a Minneapolis-based real estate development and consulting firm focused on boutique-scale, walkable infill housing. The company operates a portfolio of owned development projects (Montgomery Place, The Fletcher, Litchfield Historic Buildings) alongside a consulting practice offering Financial Feasibility Analysis, Turnkey Development Services, Site Optimization, and Training and Capacity Building services to cities, nonprofits, cooperatives, and private developers. The firm also completed consulting engagements for third-party projects including the Beam Apartments and Fridley Station Village.

Differentiator

Problem solved

Functional benefit

Products and services

• Montgomery Place A 24-unit boutique apartment development consisting of two three-story buildings in the Union Park neighborhood of Saint Paul, completed in 2023. Features include indoor bike storage, solar-ready, and EV-ready infrastructure. Sold and leased to end-users seeking walkable urban living.
• The Fletcher A boutique upscale condominium development bringing 15 new units to the corner of 44th Street West and Vincent Avenue South in the Linden Hills neighborhood of Minneapolis, marketed directly to end-users. Construction began October 2025 with delivery planned for early 2027.
• Litchfield Historic Buildings Renovation project of historic downtown buildings built in the 1880s in Litchfield, Minnesota, restoring vacant walkable apartments for the community to address a local housing crisis.
• Financial Feasibility Analysis Independent analysis of whether a project concept holds together financially, covering unit mix, cost assumptions, financing structure, and return projections. Useful at project inception before significant resources are committed. Sold to cities, nonprofits, cooperatives, and private developers.
• Turnkey Development Services Full-service embedded developer capabilities for owners lacking an in-house team, managing entitlements, design coordination, contract negotiation, financing assembly, sales and leasing direction, contractor procurement, fund administration, construction oversight, and closeout turnover. Sold to cities, nonprofits, cooperatives, and private developers.
• Site Optimization Evaluation of a site's development potential including highest-and-best use analysis, density optimization, phasing options, pro forma modeling, and funding strategy. Designed for cities and landowners considering redevelopment or disposition.
• Training and Capacity Building Development capacity building services for government, nonprofit, and cooperative organizations, including pro forma analysis training, Excel skill-building, and strategy workshops.

Quantifiable outcome

• Living in a walkable location saves almost 40% of a household's energy use compared to suburban locations (EPA Study)
• +2 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Ten partnerships are on record, tiered core and minor.

• Sherman AssociatescoreImplementation/ SI/ Consulting Partner · 1 January 2020Streetfront Development provided embedded development consulting services to Sherman Associates for Beam Apartments (72 apartments and 20 townhomes in North Minneapolis) and Fridley Station Village/Ursa (73 affordable apartments). Services included city entitlements, LIHTC and bond applications, financing negotiation, construction oversight, and lease-up coordination. Both projects completed in 2022.
• Locus ArchitecturecoreTechnology or IntegrationArchitect for Montgomery Place project and The Fletcher. Locus has designed homes with leading-edge sustainability features in the Twin Cities for over 20 years. Their design innovations contributed to project team selection.
• CoNorthminorImplementation/ SI/ Consulting PartnerNonprofit cooperative housing organization. Streetfront delivered capacity building engagement including feasibility pro forma template, acquisition protocol, financial landscape assessment, and staff training on live project evaluations.
• City of Harris / University of Minnesota ESMCminorImplementation/ SI/ Consulting PartnerPart of Emerging Small Minnesota Communities Program. Provided developer's perspective for small Minnesota city pursuing downtown redevelopment, including site analysis, pro forma modeling, funding strategy review, and replication toolkit for other ESMC participant communities.
• Good Neighbor HomescoreStrategic or Co-development PartnerCo-developer for The Fletcher project. 15 upscale condominiums in Linden Hills, Minneapolis. Good Neighbor Homes collaborates on development, sales, and marketing for the project.
• Stahl ConstructioncoreOthersGeneral contractor for Montgomery Place project. Founded in 1981 by Wayne Stahl. Mid-size, full-service company that takes on 8-10 carefully selected projects at a time.
• Kaas Wilson ArchitectscoreTechnology or IntegrationArchitect for Beam Apartments project. Part of project team for 72 apartments and 20 townhomes in North Minneapolis.
• Simonson + Associates ArchitectscoreTechnology or IntegrationArchitect for Meridian consulting project. 174 luxury apartments in Gray's Landing redevelopment, Des Moines, Iowa.
• Bauer Design BuildcoreOthersGeneral contractor for The Fletcher project (building structure and exterior). Collaborating with Good Neighbor Homes and Collage Architects on the development.
• Collage ArchitectscoreTechnology or IntegrationArchitecture firm collaborating with Locus Architecture on The Fletcher project. Part of project team for 15 upscale condominiums in Linden Hills.

Scale indicators4 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• Wall Companies: Minneapolis-based real estate developer with a portfolio spanning multifamily residential, mixed-use, and commercial projects. Comparable as a Twin Cities real estate developer active in walkable urban neighborhoods.
• Dominium: Plymouth, MN-based affordable housing developer and manager with a national portfolio. Comparable as a Twin Cities-headquartered multifamily developer working across LIHTC-financed and market-rate apartments.
• Project for Pride in Living (PPL): Minneapolis nonprofit that develops and manages affordable housing. Comparable as a Twin Cities-based affordable housing developer that combines real estate development with community and capacity-building services.
• CommonBond Communities: Twin Cities-based nonprofit developer of affordable rental housing using LIHTC and public financing. Comparable for its Minneapolis-St. Paul focus on affordable walkable infill apartments using similar financing tools.
• The NRP Group: National multifamily developer with significant affordable, market-rate, and luxury apartment exposure. Comparable for its broad housing type mix (affordable to luxury) and integrated development consulting-like services for owners.
• Aeon: Minneapolis nonprofit affordable housing developer that builds and operates multifamily rental housing across the Twin Cities. Comparable as a Minneapolis-focused affordable housing developer with walkable urban infill project types.
• Oppidan: Minneapolis-based real estate development firm focused on commercial, mixed-use, and multifamily projects in walkable urban locations. Comparable for its boutique urban infill focus in the Twin Cities market.
• Schafer Richardson: Minneapolis-based real estate investment and development firm focused on urban multifamily and mixed-use projects. Comparable for its Twin Cities urban infill development focus across rental and for-sale residential.
• Sherman Associates: Minneapolis-based real estate developer specializing in affordable and mixed-income multifamily housing. Directly comparable as a Twin Cities developer Streetfront has embedded-consulted for on completed affordable projects (Beam, Fridley Station Village).

Others

• LHB Architects: Twin Cities-based architecture and engineering firm with deep involvement in affordable housing, transit-oriented development, and community redevelopment. Comparable as a Twin Cities ecosystem participant serving many of the same public-sector and affordable-housing clients Streetfront consults for.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/@fletchermpls
• Facebookfacebook.com/streetfrontdev
• LinkedInlinkedin.com/company/streetfrontdev

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Streetfront Development