Homebuilder Lennar plans luxury apartments in Edina

  • Article by: Jim Buchta , Star Tribune
  • Updated: August 29, 2013 - 8:30 PM

The development near Southdale Center would include a supermarket at street level.

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raleighmamaAug. 30, 1312:10 AM

"Luxury" rentals? How about affordable housing for the average person. Not everyone can afford the Rolls Royce of housing. Current apartments in Edina go for $1500 a month. How about something affordable so the working family can afford to live in Edina?

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elmi0001Aug. 30, 13 6:50 AM

It's called market demand raleighmama. The cost to buy that prime real estate and knock it down and build new construction would never support affordable housing. Besides, there's plenty of affordable housing at 76th and York and just east in Richfield.

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hazzzeeAug. 30, 13 6:56 AM

Why live in an apartment in Edina when there are better locations in Mpls that are cheaper?

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livefreeordAug. 30, 13 7:53 AM

What kind of insanity would drive someone to build brand new apartments as 'affordable' housing? Apts are affordable because they're old, functionally obsolete, and either small and/or with deferred maintainance. If you're building new, your going to target top end rents and top end renters who more often than not pay on time.

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gemie1Aug. 30, 13 8:44 AM

It is a good spot for people over 35 and want to downsize and not have the headaches of home ownership. Since when has the word "luxury" have a bad connation? That area does not support affordable or low income housing. Besides the land, materials and human labor going into it, how would affordable housing sustain the economic realities of that area?

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joe_mnAug. 30, 1311:20 AM

Height restrictions near south dale? Huh? It's across the street from a concrete bunker/mall? Who is worried about spoiling the view?

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plizzoAug. 30, 1312:30 PM

Who in their right mind would waste $2,000 per month on a "luxury" apartment? That's $24,000 per year with no equity. For that amount of money you can get a townhome and pay the monthly association fees for maintenance services and at least generate some equity you can cash out in the future. With an apartment, you leave empty handed.

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mdcastleAug. 30, 13 6:28 PM

Actually for $2000 a month you can buy a single family home and pay someone to mow your yard and shovel snow. But whatever, people spend money on all kinds of stupider things than a nice apartment.

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