Yes, Minneapolis may be the worst performing residential market according to Case-Shiller’s just-released March numbers (down 10% year over year, the largest drop in the top 20 markets that Case-Shiller measures).
Nevertheless, there is a mini-building boom apace in Minneapolis’ Uptown neighborhood, just northeast of Lake Calhoun and southeast of the Lake of the Isles.
The three projects — all easily identified by their multi-story building cranes — are:
â€¢1800 Lake. A mixed-use project at Lake and Knox.
â€¢MoZaic. Another mixed project (office, parking, public plaza, and restaurant) now rising at Lake and Lagoon.
â€¢The Greenleaf. Another — you guessed it — mixed use project going up at Lyndale and 28th St.
All three of the developments are being driven by increased density and a renewed preference for rentals (vs. condo’s) Uptown (the latter phenomenon is not unrelated to the punk Case-Shiller numbers just reported).