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.

A rare real estate sighting in the Twin Cities: A new condo building

Posted by: Jim Buchta under Buying Updated: October 23, 2013 - 12:35 PM

Though site prep is well underway, a ceremonial groundbreaking was held today to mark construction of the Regatta Wayzata Bay Condos in Wayzata. The 59-unit project is one of several phases of a massive mixed-use redevelopment effort - the biggest in the city's history - called The Promendate of Wayzata. It includes senior housing, which is ready for occupancy, and more than 130,000 square-feet of retail on the main level, including a new Lunds Kitchen and Lakes Sotheby's International real estate office.

The condos are priced from $450,000 to $2 million-plus for units ranging from 850 to 4,500 square feet. Developer, Steve Bohl of BohLand Development, told me that since June he's pre-sold 45 percent of the units.

The project is just one of three condominium buildings under construction in the Twin Cities, it joins StoneBridge in downtown Minneapolis and ParkSide in St. Louis Park. More on this topic in the coming weeks.

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