Do two buildings make a trend? Maybe, if they’re high enough profile. That would seem to describe both Edina Realty’s new City Lakes office, about a mile west of Minneapolis’ Uptown neighborhood, and 1800 Lake, a new luxury rental building in Uptown just northeast of Lake Calhoun. Copper cladding not only gives these buildings a...Read More
Nobody goes there anymore. It’s too crowded. –Yogi Berra I first noticed it a couple weeks ago. Then, tonight, I really noticed it: eastbound traffic on Lake Street was backed up at least a mile to the west, stretching all the way from the northeast corner of Lake Calhoun (where there’s a notable construction pinch — see below)...Read More
California Dispatches [Editor’s Note: I’m in California for the next few days for some much-needed R&R, so my posts will have a local (vs. Minnesota) flavor.] You’d certainly think that the Apple store on Palo Alto’s University Ave. — just down the street from Stanford, in the bosom of Silicon Valley — would boast a bigger...Read More
Building Cranes 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...Read More
Burst of New Luxury Rentals in Uptown What’s behind the burst of high-end rentals slated for Uptown? If you haven’t been paying attention, a new 55 unit, mixed use project just broke ground at Lake & Knox (see, “Watch This Space“). Last month, Southwest Journal reported that a 216 unit luxury rental project is now going up...Read More
New Luxury Apartments Uptown What does it take to break ground — in Minnesota in December, no less — for a new commercial project in a weak economy for development? An “A+” location, a proven concept, and access to capital (#3 follows #1 and #2). In this case, CPM Development and Shelard Group just broke...Read More
