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.

Posts about Architecture

New details emerge on three key downtown Mpls housing developments

Posted by: Jim Buchta Updated: July 29, 2014 - 6:51 PM
The proposed 40-story tower by Alatus. Rendering by Humphreys & Partners Architects

The proposed 40-story tower by Alatus. Rendering by Humphreys & Partners Architects

It's going to be an interesting night at the Minneapolis City Planning Commission's Committee of the Whole meeting Thursday. Developers will be releasing a bevy of interesting new details on three high-profile housing developments planned for in and around downtown.

  • One of the juciest tidbits that will be discussed is the expansion of a previously discussed plan for a high-rise residential tower. Bob Lux and the team at Alatus will present plans to build a 40-story residential tower at the corner of Central Ave and 2nd St SE across the river from downtown Minneapolis. Original plans called for a 25-30-story tower. This one calls for a tower with about 325 "residential units" (Lux hasn't committed to apartments or condominiums) adjacent to the existing St. Anthony parking ramp. The existing Washburn-McReavy Funeral Home and St. Anthony Athletic Club would be demolished. An earlier plan called for retaining part of the Washburn-McReavy building and relocating it elsewhere on the site.
  • Curt Gunsbury and Robb Miller, the folks who brought you 7West and the Soltva apartments are whipping up plans for a 24-unit luxury condominium building next to the Garr Scott Lofts building at 602-606 N 1st St in the North Loop. Because the project is within the St. Anthony Falls and Warehouse historic districts and would require demolition of two buildings, the project requires feedback from the Heritage Preservation Commission (HPC) and the City Planning Commission (CPC). The 8-story building would have two levels of underground parking and would be only the second condominium building in Minneapolis to break ground. The project is being called the 602 Condominiums and would require a handful of conditional use permits and variances, including permission to increase the height of the building from 6 stories (84 feet) to 8 stories (90 feet).
  • Sherman and Associates is moving forward on its plans for the second phase of a project that was originally proposed in 2006. Instead of building a 103-unit condo building as originally proposed, Sherman plans to build a 122-unit, 12-story luxury apartment building with three levels of underground parking on the block bounded by Washington Avenue and 2nd Street South between 9th and 10th Avenues South next to the 64- unit Zenith condominium building and the Aloft Hotel.

It's 'aloha' for Twin Cities-based Artspace

Posted by: Jim Buchta Updated: July 28, 2014 - 2:40 PM

After six years in the making, Twin Cities-based Artspace received word that its first off-shore project is one step closer to reality.The nonprofit real estate developer, in partnership with Honolulu-based PA’I and Honolulu-based HKI, plans to build the Ola Ka ‘Ilima Artspace Lofts, a mixed-use arts development that includes 84 units of affordable housing live/work housing for artists and their families, space for other non-profits and gathering space for community events.

The Hawaii Housing Finance and Development Corporation (HHFDC) approved the Artspace request for low-income housing tax credits to help finance the $38 million project, which will be located in the Kaka’ako neighborhood of Honolulu.

"The HCDA has been following this project for over a year now, and we're excited that it's one step closer to providing much needed housing for lower income groups," said Hawaii Community Development Authority Executive Director, Anthony Ching.

The tax credit brings $17 million in upfront equity to the project’s capital budget, enabling Artspace to focus on the final phase of fundraising. Construction is expected to start in 2015.

Just Listed: The nation's 12 largest condominium listings

Posted by: Jim Buchta Updated: July 22, 2014 - 9:51 AM
This 14,260 square-foot condo near the top of Trump Tower in Chicago is on the market for $32 million.

This 14,260 square-foot condo near the top of Trump Tower in Chicago is on the market for $32 million.

As part of my reporting for a story in the Tuesday paper about a record-breaking $8 million Minneapolis condo that hit the market recently, I asked Zillow.com to scour the national listings in search of the biggest condos on the market. The Minneapolis unit, by the way, is the 12th largest in the nation, and it's interesting to note that the biggest units aren't the most expensive.

  1. 20,000 sqft, Miami Beach, FL – http://www.zillow.com/homedetails/605-Lincoln-Rd-Miami-Beach-FL-33139/2106486697_zpid/
  2. 17,868 sqft, Morgantown, WV – http://www.zillow.com/homedetails/1701-Waterfront-Pl-Morgantown-WV-26501/2107397160_zpid/
  3. 15,768 sqft, Honolulu, HI – http://www.zillow.com/homedetails/2500-Aha-Aina-Pl-LOT-B-Honolulu-HI-96821/2107991513_zpid/
  4. 15,691 sqft, Las Vegas, NV – http://www.zillow.com/homedetails/9101-Alta-Dr-UNIT-1801-Las-Vegas-NV-89145/79878576_zpid/
  5. 15, 434 sqft, New York, NY – http://www.zillow.com/homedetails/10-West-St-New-York-NY-10004/61965199_zpid/
  6. 14,260 sqft, Chicago, IL – http://www.zillow.com/homedetails/401-N-Wabash-Ave-UNIT-89A-Chicago-IL-60611/113952385_zpid/
  7. 14,000 sqft, Sunny Isles Beach, FL – http://www.zillow.com/homedetails/17001-Collins-Ave-APT-4904-Sunny-Isles-Beach-FL-33160/92441535_zpid/
  8. 13, 528 sqft, Marco Island, FL – http://www.zillow.com/homedetails/970-Cape-Marco-Dr-UNIT-2506-Marco-Island-FL-34145/63473338_zpid/
  9. 12,370 sqft, Dallas, TX – http://www.zillow.com/homedetails/3505-Turtle-Creek-Blvd-E-Dallas-TX-75219/2105973405_zpid/
  10. 13,842 sqft, Naples, FL – http://www.zillow.com/homedetails/4101-Gulf-Shore-Blvd-N-N-PH1-Naples-FL-34103/60549581_zpid/
  11. 12,050 sqft, Naples, FL – http://www.zillow.com/homedetails/4101-Gulf-Shore-Blvd-N-PH-2-Naples-FL-34103/60541852_zpid/
  12. 11,777 sqft, Minneapolis, MN -- http://www.zillow.com/homedetails/222-2nd-St-SE-APT-1701-Minneapolis-MN-55414/101655481_zpid/

Just Listed: Horst’s two-story Minneapolis condo, the largest in the state, hits the market for $8 million

Posted by: Jim Buchta Updated: July 21, 2014 - 12:59 PM

Need space? This penthouse condominium has nearly 12,000 square feet and is the largest condo in the Twin Cities and one of the largest homes in the metro. Its sole owner was Horst Rechelbacher, who died earlier this year. The two-level pad sits atop the Phoenix on the River condo building across the Mississippi River from downtown Minneapolis and has sweeping 270-degree river and skyline views. It's on the market for $8 million, making it one of the most expensive condos in the market. On a per-square-foot basis, however, it's not the most expensive. It's listed at about $700 per square feet. A another riverfront condo owned by the late Sage and John Cowles, former owners of the Star Tribune, recently sold for a record $1,000 per square foot. Here's a run-down on some of the features in the Horst condo:

  • Private elevator.
  • Three bedrooms, five bathrooms
  • Eight private parking spaces.
  • Chandeliers so large they wouldn't fit in the elevator and had to be brought into the building with a crane.
  • Two master suites; one faces east and the other faces west so you can go to sleep watching the sunset and wake up to the sunrise. Each suite has its own laundry.
  • Seven terraces and balconies
  • A mud room with laundry and a private dog washing station.

Barry Berg and Chad Larsen of Coldwell Banker Burnet have the listing. (Click here for a slideshow)

For rent: Large apartment with wacky landlord, nice wife

Posted by: Jim Buchta Updated: July 15, 2014 - 3:16 PM

I spotted this doozy of a sign during a recent getaway to an unnamed city and couldn't resist sharing it with you. I did, by the way, do some investigation and while I can't verify whether the landlord wacky or his wife is nice, the sign is legit. No word on whether the apartment is still available (or how wet the water is). If you've spied an interesting or amusing real estate ad, send it to jim.buchta@startribune.com. Maybe we'll post it.  - Jim Buchta

A Twin Cities non-profit delivers the first new building in downtown Minot, ND in 30 years

Posted by: Jim Buchta Updated: June 25, 2014 - 9:06 AM

Twin Cities-based Artspace, a non-profit housing developer for artists, is celebrating the completion of the first new building in downtown Minot, North Dakota in 30 years. Artspace Lofts is a four-story, 34-unit mixed-use building that includes a gallery where the Turtle Mountain Tribal Arts Association will exhibit and sell work by Chippewa, Mandan, Hidatsa, Arikara and Sioux artists, including regalia, beadwork, quillwork and baskets. Other tenants include the Children's Music Academy of Minot, which specializes in music education for kids, and the Minot Area Council of the Arts.

Why Minot? The oil boom has reduced the supply of affordable housing in the area and the problem was compounded by the 2011 floods, which severely damaged more than 4,000 homes.

If you're up for the driver, the Minot Artspace Lofts grand opening is Friday with an opening talk at 3 p.m. and a "wine walk" that will start at 5 p.m. There will be free entertainment and refreshments, and the event is open to the public. Plus, you'll have a chance to tour several of the artists' live/work spaces. The event is sponsored by National Equity FundTM and Wells Fargo.

Click here for more information about the project.

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