Just Listed brings you the latest news and information from the Twin Cities-area commercial and residential real estate market and beyond from veteran reporters Jim Buchta and Janet Moore.

North Side housing development revs back up

Posted by: Jim Buchta under Buying Updated: April 19, 2013 - 4:25 PM

 

Townhouses in Heritage Park that were under construction in 2003.

Townhouses in Heritage Park that were under construction in 2003.

 

In a sign of changing fortunes for the housing market, the Heritage Park housing development in north Minneapolis is back on track after a four-year hiatus.The 145-acre project is an ambitious 900-unit redevelopment of several public housing projects on the north edge of downtown Minneapolis into for-sale and rental housing. The $225 million project began in 2000 and was financed with massive amounts of local and federal grants. 

Thor Construction, the developer of the for-sale component of the project, announced Friday that after a "standstill due to an economic downturn in the housing market," that townhouse sales would once again begin.

There will be a kick-off celebration at 10 a.m. on Friday, May 10 at the corner of 10th Avenue and Aldrich Avenue North. Here's a link to a Minneapolis website with project details and history.

 

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