New 6-Story, 164 Unit Apartment Building
Just Northwest of Lake Calhoun

My interest in the new Tryg’s – Trammel Crow development on West Lake Street is as much personal as it is professional (I live nearby).

That said, I was under the impression that the restaurant was to be incorporated into the project (photo above).

If so, it will be housed in a brand new building — the existing Tryg’s just got demo’d.

Real Estate Tail Wagging the Dog

Tryg’s owner now appears to be joining a long list of local businesses (Gabbert’s and Hoigaard’s come to trygsmind) who stand to make more money developing the (very valuable) real estate underneath their retail business than they did from the actual business.

Next to be redeveloped(??):  the Calhoun Village shopping center immediately to the west (and former City Lakes office location), whose low-density, suburban layout is at odds with the increasingly urban neighborhood.

P.S.:  Locals know that the fire station due south of Calhoun Village and immediately east of Whole Foods is also a very bad fit for the neighborhood, given all the traffic and lakes-related congestion (especially during the Summer).

About the author

Ross Kaplan has 19+ years experience selling real estate all over the Twin Cities. He is also a 12-time consecutive "Super Real Estate Agent," as determined by Mpls. - St. Paul Magazine and Twin Cities Business Magazine. Prior to becoming a Realtor, Ross was an attorney (corporate law), CPA, and entrepreneur. He holds an economics degree from Stanford.

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