Teardown-Lite
What do you get when you combine a high-demand, close-in neighborhood, smallish existing housing stock, and small city lots (typically, 120′ x 40′)?
Not tear-downs, because of the lot size.
And not bump-outs, for the same reason (there’d be no yard left).
Give up?
Pop-up’s.
As in added second stories.
One of the areas where this trend is well under way is in St. Louis Park’s Fern Hill neighborhood — specifically, the west side of it (roughly between Monterey and Highway 100).
This six block stretch is prime territory for pop-up’s because these blocks are full of smaller, $250k-$350k homes — yet homes just to the east go for $400k-$600k (and sometimes much, much more)
The pop-up’s are simply closing the gap.
Over time, this trend is driving all of Fern Hill up . . . literally.
