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.

Another project near St. Anthony Main planned

Posted by: Janet Moore Updated: July 2, 2014 - 5:41 PM

The St. Anthony Main area in Minneapolis continues to boom.

Earilier this week, Minneapolis-based Alatus submitted preliminary plans to the city for a 250- to 300-unit residential tower on a site now occupied by the Washburn-McReavy Funeral Chapel and the St. Anthony Athletic Club. Both have signed letters of intent to sell their respective properties. If all goes as expected, the sale of the properties could be completed by late in the fourth quarter.

The tower could span 25- to 35 stories, city documents state.

The city's Heritage Preservation Commission will consider the matter next Tuesday.

Alatus is known for building the Carlyle condo tower in downtown Minneapolis, and is currently building the 320-unit Latitude 45, on Washington Av.

The St. Anthony Main project would also include a restaurant, possibly in the former funeral chapel space, as well as a "substantial" amenities package, and a pocket park. The filings are careful to call the living quarters "residential units," meaning they could be apartments or condos.

The site is currently bordered by Central Av. SE, 2nd St. SE, the St. Anthony Parking ramp, and the former Pillsbury Library building. Dallas-based Humphreys & Partners will serve as the project's architect.

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