More development is in store for some of the most in-demand locales in the Twin Cities: Edina and NE Minneapolis. The Star Tribune shared of a massive $100M+ plan for a mixed-use development in Minneapolis, along the Mississippi River in Northeast. The “Expo apartments” project – which received the necessary approval of the Minneapolis Planning Commission this week – at this point includes the following:
- 372 units in a 26-story tower
- 400 parking spots
- 3,000+ sq ft of retail
The project is anticipated to be complete summer of 2020, assuming it continues to move forward without delay. As will likely be a point of contention down the road, only 10 of the project’s hundreds of units are to be set aside for income restricted renters. Although the project received the Planning Commission’s approval, the article points out that the project does not have the Minneapolis Heritage Preservation Commission’s support due to the height of the tower, which would stand 18 stories higher than the 8 stories dictated by the St. Anthony Falls Historic District’s guidelines.
The Star Tribune also reported on development plans across town in Edina. The residential tower proposed for this site near Highway 100 and Vernon Ave. would stand at a mere 17 stories with 150 units, offer an additional 27 artist lofts, while also playing host to the city’s art center. In further contrast to the behemoth Expo project in Minneapolis, this “Grandview” development is only in the baby stages, with public comment hearings scheduled for January 22. The article points to nearby retail developments and the Public library as an appealing factor for the proposed development site. After all, we know that walkability is a major draw for many. And while the article also references the possibility of an “active adult center” as part of the project due to Edina’s aging population, this site could also be very enticing for younger professionals due to the proximity to St. Louis Park, Uptown, and Downtown. As the project is just in this early stage, there will surely be further changes.
On the other hand, if you’re ready to escape the world of rentals – you know who to call. Hit me up, and we’ll get you on track (email/952-258-3100).
Photo credit: morguefile.com