Apartments planned for site of stalled North Loop condo projects

  • Article by: Jim Buchta , Star Tribune
  • Updated: March 26, 2013 - 9:51 PM

Luxury apartments will replace the hulking remains of a defunct condo project in Minneapolis’ North Loop neighborhood.

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hazzzeeMar. 27, 13 7:10 AM

Downtown needs to get taller in order for Mpls to remain competitive. I welcome any buildings over 35 floors.

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jmike419Mar. 27, 13 7:23 AM

Why does it matter how tall the building is? After 10 years there is finally something being built here, gear news for condo owners in the area.

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mnniceguy763Mar. 27, 13 9:24 AM

Five stories!!! WOw. Look out Chicago cause here we come. The good ol boys from Minesooooda. We sure know how to think big time. You betcha!

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liberaleliteMar. 27, 1310:08 AM

Height nor density matter, since the market will create density over time. Google "A Failure of Frontage" by local urbanist Sam Newberg. The most important thing is that we build places for people that address the street and sidewalk. More infill will be good.

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hazzzeeMar. 27, 13 1:20 PM

Not true, we all want height. Now build up!

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nkpguyMar. 27, 13 2:13 PM

Perhaps the land mass beneath the structure will only support 5 additional stories. Just a clear thought for a change.

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twincitizen1Mar. 27, 13 2:38 PM

Not likely, the original condo project was 8 stories. One must wonder why they are tearing out the previously built parking garage and starting over, rather than reusing it. That alone costs millions of dollars. The structure must be compromised in some way or they just don't want the liability on their hands. If it was feasible, they would almost certainly reuse it.

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dtmonkeyboyMar. 27, 13 8:43 PM

In order to build tall you need very deep pockets or big time financing...and that isn't easy to come by. Also, if I were a developer of apartments I would want to build a bit shorter in order to be first to the market to meet demand while it is still high. Contrary to the wants of some, the development business is a business and not simply about vanity.

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hazzzeeMar. 28, 13 8:50 AM

dtmonkeyboy - Seems to me the more apartments you create the more profit you're going to make. These buildings are not a year or two investment, the hope is they'll be around for 50 years, right? So the bet is long term, so those few months are not a precious as you make them to be.

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