Fast-fashion retailer H&M (short for Hennes & Mauritz) is opening a new store in Burnsville Center. Look for it this fall. The opening is part of a broader expansion by the Swedish company “in the North,” according to a news release Monday.
The 18,000-square-foot Burnsville store will feature clothing for women, men, young women and young men (or “young ladies and young men,”) kids, and a stores-within-the store for accessories, lingerie, maternity and plus-size. Since opening its first state-side store on Fifth Avenue in New York 14 years ago, H&M has expanded rapidly with some 311 stores nationwide.
Stores locally include Mall of America, Calhoun Square, Southdale, Maplewood, Woodbury Lakes and Ridgedale.
Walll Street Journal: A Florida study suggests new energy code can cut costs, but at a price. This is a topic worth noting because Minnesota will soon implement its new energy code.
New York Times: A fireplace ban could be coming to New York City to help clear the air. Literally. The proposal has sparked controversy and concern. Also, check this interesting analysis of the latest U.S. building permit data, which shows that apartment construction rather than single-family housing is dominating the recovery.
Star Tribune: There's high hopes that the new Green Line line rail transit station that will connect downtown Minneapolis and St. Paul will generate millions in new development, including housing. Check out my colleague, James Walsh's Sunday story.
And in addition to my story about a turnaround in second-home sales across the country, my colleague, Kim Ode, has a thoughtful story about moving up north (Grand Marais, in this case) from two very different perspectives.
If you read my Sunday story about the rising - and controversial - use of drones to help sell real estate, you might be interested in a couple tidbits on the topic:
In May, the Preservation Alliance of Minnesota (PAM) and The Red Stag Supper Club have teamed up to celebrate Preservation Month with several special "heritage" menus based on architectural styles that are common to the Midwest. Red Stag's executive chef, TJ Rawitzer, will create the menu. Here's the line-up:
In case you were wondering, Preservation Month was established in 1973 by the National Trust for Historic Preservation and is co-sponsored by local preservation groups and state historical societies across the country. Get more details about Preservation Month, including information about a sneak-peak of the Pioneer Endicott building in downtown St. Paul on Tuesday May 20th and a Historic Pub Crawl in Red Wing on Saturday May 10th, by clicking here.
The Builders Association of the Twin Cities (BATC) is adding a new, ticketed home tour this summer to its stable of Parade of Homes events.
The Artisan Home Tour will feature 25 "artisan-quality homes" during its inaugural run June 7-15, 2014. Here's BATC's description of the qualifications: "All the homes on the tour are built by members of the BATC and the home plans were reviewed by an architectural review panel to ensure architectural integrity and high-quality finish level."
Tickets: Online for $25 or at the door for $30, or $5 for an individual home. Half the net proceeds of ticket sales will be donated to BATC’s charitable arm, the BATC Foundation, which builds and remodels homes for families in need.
For more info: ArtisanHomeTour.org is online now. Guidebooks will also be published and distributed by direct mail to some households and will be included with the Summer issue of Artful Living Magazine. Guidebooks may also be picked up at participating homes.
For the eighth year in a row, Lennar Corp. was Minnesota's biggest home builder, according to annual survey by the Builders Association of the Twin Cities (BATC).
The Miami, Florida-based company reported gross revenues of $224 million and built 434 single family and 98 multi-family homes (532 total) during 2013. Lennar outpaced the second-ranked builder, Pulte Homes of Minnesota, by 70 percent.
Bill Burgess, Minnesota Division president, reacts: “At Lennar, our focus is on our homeowners and their families, and I believe that’s the Lennar difference. That’s why our home buyers have enabled us to be the Twin Cities number-one home builder,” he said.
Historically the Twin Cities was a market dominated by home-grown, locally owned companies, but over the past decade that's changed. All of the top five ranked builders last year were national firms with corporate offices located outside of Minnesota. Here are the other top companies by volume: