Apartments drive surge in building across Twin Cities

  • Article by: JIM BUCHTA , Star Tribune
  • Updated: October 25, 2012 - 10:47 PM

October building permits doubled from the previous year in the Twin Cities, with builders getting clearance for 1,312 new units.

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amyj1001Oct. 26, 12 5:20 AM

I'd like to know, of the 1,312 new units, how many will be affordable? It doesn't do a lot of us any good to see lots of new luxury buildings going up...

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west336Oct. 26, 12 7:54 AM

Mill & Main is in NE Minneapolis across the river from Downtown next to St. Anthony Bridge (not Southeast). amyj1001: many of the units in the buildings discussed in the article are at the higher-end of the spectrum, but there are several projects geared specifically towards lower-income renters, like artists in the A-Mill projects right next door to Mill & Main, or just families like in Buzza Lofts in Uptown.

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liberaleliteOct. 26, 12 9:37 AM

Also, the nature of the housing market is that matching demand for new luxury units will necessarily reduce demand elsewhere causing more units to become "affordable." It's not reasonable for a downtown high rise to be "affordable housing" when luxury demand would fill it, and it's not reasonable to expect affordable housing in prime real estate areas. Yet these luxury towers downtown will have the effect of making other units more affordable elsewhere in the city.

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