What is causing rents to rise?

What is causing rents to rise?

The cost of everything is going up lately.  Cars, fuel, and groceries are rising at their highest rates in 40 years. Unfortunately, rising costs have affected the cost of housing as well.  Nationwide rents have increased an average of 14.3% in the last 12 months.  EagleRidge is not immune to these rising costs and over this past year, we have had to raise the rents at many of our communities. These increases are in response to dramatic increases in our utility costs, property taxes, special assessments, and property maintenance.  

We analyzed a group of 15 properties and compared the first five months of expenses to last year. The charts below show some of our biggest increases: 

The increases are not limited to gas, lawn, and snow. Since 2019, both the City of Fargo and City of West Fargo have increased the charges found on water bills, and electricity costs have increased 14%.

In addition to utilities, special assessments and property taxes have a large impact on rent. Northern Lights, a property in West Fargo, was recently special assessed for $359,670 for construction on Sheyenne Street. This bill alone tacks on an additional ~$50/unit to the monthly rental rate, if spread out over 3 years. At Maple Grove Townhomes, another property in West Fargo, our property taxes have increased approximately 26% since 2019

At EagleRidge, we are grateful for our tenants and are honored they trust us with their housing needs. We do our best to provide clean, safe, and welcoming communities that residents love to call home.  We will continue to do our best to control our rental increases during these challenging times.

Properties analyzed: Tuscany Villas, Maple Ridge, Maple Ridge Villas, The Cedars, Shadow Wood Townhomes, Town Square, Summit Ridge, Stonemill Apartments, Stonemill Villas, Stonebridge Villas 1, Stonebridge Townhomes, Signature Apartments, Stonemill Townhomes & Twin Homes, Maple Grove, Diamond Creek.

Sources: YardiMatrix (April 2022). National Multifamily Report: April 2022.

EagleRidge Development breaks ground on phase 2 of $200 Million Dollar project on Veterans Boulevard

EagleRidge Development breaks ground on phase 2 of $200 Million Dollar project on Veterans Boulevard

EagleRidge Development, a Fargo based real estate developer, has broken ground on phase 2 of EagleRidge Plaza. Phase 2 includes four five-story mixed-use buildings and an 80,000 square foot public plaza.

Each building includes nearly 100 residential units with underground parking and over 7,500 square feet of commercial space. The buildings will offer a variety of community amenities to its’ residents including a fitness center, clubroom, secure bike storage, Wi-Fi lounges, and an outdoor terrace on second floor.

The public plaza will be located between the buildings and offer inviting seating areas, green spaces, and walking paths. The space will not only be a gathering spot for the surrounding residents, businesses, and guests, but can also be programmed to host events such as farmers markets, shows, food trucks, and more.

“While recent market conditions have caused some area projects to be delayed or cancelled, we are excited that our suppliers, subcontractors and strategic partners have remained committed to our timeline for EagleRidge Plaza.  We believe this project will be a great amenity to Fargo residents,” said Jon Youness, Development Director for EagleRidge Companies. “It will be a place that brings community members together in a safe and vibrant environment.”

In addition to the 4 buildings and the public plaza under construction in phase 2, EagleRidge Development expects to build 2 more buildings while also extending the public plaza. When complete, EagleRidge Plaza will be comprised of more than 150,000 feet of Class A office and retail space and nearly 800 residential units.  The expected value of the project is over $200MM.

EagleRidge Plaza is located at the southeast corner of 32nd Avenue and Veterans Blvd in Fargo. The first phase of EagleRidge Plaza includes two 45,000 SF Class A office buildings, the first of which is fully leased while the second building is expected to open soon.

Phase 2 is anticipated to be complete in the fall of 2023. Those interested in renting commercial space at EagleRidge Plaza should contact EagleRidge Development at 701-540-7159.

About EagleRidge Development

EagleRidge Development has designed more than 2,000 single family home lots and constructed over 2,500 townhome and apartment homes, and 200,000+ SF of Class A office and commercial space in the Fargo Moorhead community and surrounding area.  Each of our communities is designed, constructed and managed with the goal of providing our clients with the highest quality product and a true sense of community. Building Community. Proven Results.


EagleRidge Legacy Fund Now Accepting Scholarship Applications

EagleRidge Legacy Fund Now Accepting Scholarship Applications

Introducing EagleRidge Legacy Fund, Inc.! This new organization has a mission to help solve the construction workforce shortage by offering scholarships to children of individuals working in the construction trades or to students pursuing a career in the following construction trades:

  • Carpentry
  • Construction
  • Construction Management
  • Construction Engineering
  • Diesel Technology
  • Electrical Technology
  • Fire Science & Technology
  • Heavy Equipment Operation
  • HVAC
  • Machinery
  • Manufacturing
  • Masonry
  • Pipefitting
  • Plumbing
  • Welding

Scholarships start at $1,000. To apply for the scholarship, individuals must submit a completed application, one letter of recommendation, and their latest term’s transcripts.

Applications are available at with the first round due November 30, 2020.

Available Commercial Space in Fargo & West Fargo

Available Commercial Space in Fargo & West Fargo

If you are looking to expand your business in a new and fresh space, be sure to check out some of the commercial space that EagleRidge has to offer! Whether you are looking to move right now, or in the future, Eagle Ridge has a property that is sure to meet your professional needs.

Eagle Ridge Plaza II

Address: 3260 Veterans Blvd | Fargo, ND

Eagle Ridge Plaza II is currently under construction, but is accepting reservations. This three-story Class A office building is the second installment of the Eagle Ridge Plaza buildings. With building one currently at full occupancy, we are excited to be offering up an additional 45,000 square feet of space in building two. Like EagleRidge Plaza I, the second building will feature underground parking, high end finishes and the signature hangar door suites. With the addition of EagleRidge Plaza II, there will be a courtyard added between the two buildings. Contact us today to be apart of this incredible building.

  • Executive Underground Parking
  • Future Courtyard
  • 2-Story Upscale Lobby
  • High Efficiency VRF HVAC
  • Timeless Architecture
  • Excellent Visibility
  • 4 Suite with a Hangar Door
  • Large Windows
  • Elevator

To learn more about EagleRidge Plaza II, go on a virtual tour, or browse photos, visit

northern lights rendering, apartment exterior

Northern Lights

Address: 2920 Sheyenne Street | West Fargo, ND

Located in West Fargo, this new project is at the center of growth off Sheyenne Street and 32nd Avenue. Over 13,000 square feet of office space and 197 apartment units make up this pristine building. The building will be opening later this winter, but in the meantime we are happy to talk to prospective tenants about a space that might work for them.

  • Excellent Visibility
  • Fast Growth Area
  • Large Windows
  • Store Front Parking
  • Great Access To & From Sheyenne Street

To learn more about Northern Lights, click here.

Shadow Crest Commercial

Address: 5621-5631 36th Avenue South | Fargo, ND

Located off Veterans Blvd, the Shadow Crest office space is seen by over 20,000 cars per day. If exposure is what you are seeking for your business, this office space may be the place for you. These units are single level with each business having its own private entrance. Space is filling fast, so contact us today to secure your spot!

  • Prime Retail & Office Space
  • Growing Area
  • Store Front Parking
  • Brick Exterior

To learn more about Shadow Crest Commercial, click here.

If you are interested in learning more or going on a tour of any of our properties, contact Drew Likness of Advantage Inc., REALTORS® at 701-261-3384 or To browse all of our commercial properties, click here.

EagleRidge is offering Letter of Map Amendment services

EagleRidge is offering Letter of Map Amendment services

EagleRidge Development has conducted a preliminary analysis of the flood plain in the South Fargo area. A Letter of Map Amendment (LOMA) will allow for your property to be mapped as a natural high ground, and not part of the flood plain. This could benefit you through:

  • Not having to purchase flood insurance.
  • Potential prorated refund of any flood insurance paid year to date.
  • Improved marketability on your house.

Some things to know:

  • The total cost of the service, including the survey, is $850.00
  • You will not be billed for the survey time if your house is too low to qualify.
  • After your house has been surveyed and the elevation has been determined, we will send you a second letter requesting authorization to proceed with the LOMA process.
  • The typical timeframe from the time we submit the LOMA to FEMA is 8-10 weeks.
  • When surveying, the surveyor will not need access to your house, but will need to survey the perimeter of your house foundation to check the elevation.

We will be surveying homes in the upcoming weeks. If you would like us to survey your home to determine if you no longer need flood insurance please contact us at (701) 540-7159 or

Once your property is surveyed and is deemed to be above the existing flood plain, EagleRidge Development will use an on-staff licensed engineer to submit the LOMA request for you.

Madelyn’s Meadows Features

Madelyn’s Meadows Features

Madelyn’s Meadows in South Fargo is a community that doesn’t disappoint. Near parks and schools, this location is a very sought-after place to build or buy a home. Check out some of the features that make Madelyn’s Meadows a great place to live!

Nearby Schools

Davies High School, Shanley High School, Sullivan Middle School, Dakota Memorial and Bennett Elementary are just a few of the schools that are a short distance from Madelyn’s Meadows.

Public Pools

The public pool located at Davies High School is a great attraction that everyone can enjoy all summer long!


Summer fun just got better! Golden Valley Park and Eagle Pointe II Park are both within walking distance of Madelyn’s Meadows.

Bike Trails & Walking Paths

Bike trails and walking paths make it possible for the whole family to get active and enjoy the outdoors!

walking path


Grab a bite to eat at Franks Lounge, which is just a short drive away. Or stop by Red River Coffee Co and get your morning fix on the way out of your neighborhood!

Interested in moving to Madelyn’s Meadows? Visit the Madelyn’s Meadows webpage to view pricing, availability, contact information, and more.

8 Homes to Tour During the 2019 Fall Parade of Homes

8 Homes to Tour During the 2019 Fall Parade of Homes

The 2019 Fall Parade of Homes is around the corner! This year the parade goes for two weekends with homes open from noon to 5:00pm. The first weekend is September 28-29 and the second is October 5-6. These 8 homes in Eagle Pointe, Golden Valley, and Eagle Valley are some you don’t want to miss.

Photo Link:

House #11 – Golden Valley

Plecity Kowalski Construction, Inc.

2641 Golden Valley Pkwy S, Fargo, ND

5 Bedrooms, 3 Bathrooms

1,762 Square Feet

parade home, exterior

House #14 – Eagle Pointe

Hanson Bros. Inc

7364 Eagle Pointe Dr, Fargo, ND

3 Bedrooms, 2 Bathrooms

2,739 Square Feet

parade home, exterior

House #15 – Eagle Pointe

Footitt Homes Inc

7387 Eagle Pointe Dr, Fargo, ND

5 Bedrooms, 5 Bathrooms

4,493 Square Feet

parade home, exterior

House #16 – Eagle Pointe

Titan Homes

7470 Claire Dr, Fargo, ND

5 Bedrooms, 3.5 Bathrooms

5,707 Square Feet

parade home, exterior

House #17 – Eagle Pointe

Kreuger Construction Inc.

7365 15th St S, Fargo, ND

3 Bedrooms, 2 Bathrooms

5,136 Square Feet


Photo Link:

House #18 – Eagle Valley

Brookstone Property

7455 20th St S, Fargo, ND

3 Bedrooms, 2 Bathrooms

2,299 Square Feet

parade home

House #19 – Eagle Valley

Jordahl Custom Homes

7331 17th St S, Fargo, ND

3 Bedrooms, 3 Bathrooms

2,309 Square Feet

parade home

House #20 – Eagle Valley

Silver Line Custom Homes

7324 17th St S, Fargo, ND

4 Bedrooms, 3 Bathrooms

3,027 Square Feet

For more information about the 2019 Fall Parade of Homes, visit

Northern Lights Construction Underway

apartment exterior, rendering

Northern Lights Construction Underway

Construction of Northern Lights, a $35 million mixed-use project on Sheyenne Street in West Fargo, is now underway. Northern Lights is the latest master-planned mixed use residential, office and commercial project to be undertaken by EagleRidge Development. The Northern Lights will have 197 efficiency, 1, 2, and 3-bedroom apartments and 13,760 square feet of office and commercial retail space available to rent starting next fall.

This amenity-packed, multi-use, 5-story building will include a large courtyard, luxury health and fitness center, game room, lobby area, bike storage, pet washing station, electric car charging stations and wi-fi lounges. A sky bridge will connect the Northern Lights project with the parking ramp serving the entire Lights at Sheyenne 32 project. The Northern Lights will have a level of dedicated parking in the ramp, which is set to open later this fall.

The Lights at Sheyenne 32 master planned community is a coordinated effort between EagleRidge Development, EPIC Companies, and the City of West Fargo to bring $125 million of premier properties to the community.

In the next couple of years, this section of West Fargo will come to life with more places to live, socialize, shop, dine, and be active.

EagleRidge Development is now accepting reservations for commercial spaces. Contact us to learn more or visit the webpage.

EagleRidge now offering Letter of Map Amendment services

EagleRidge now offering Letter of Map Amendment (LOMA) Services

EagleRidge Development has conducted a preliminary analysis of the flood plain in the South Fargo area. A Letter of Map Amendment (LOMA) may allow for your property to be mapped as a natural high ground, and not part of the flood plain. This could benefit you by: 

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