Per capita personal income grew 3.8 percent over the past 12 months in Minnesota, the best rate of growth in the Upper Midwest and a little above average nationally, according to new data from the Bureau of Economic Analysis.
The Opus Group started construction today on the Seven Corners Hardware site, a key corner near the Xcel Energy Center in St. Paul. The six-story, U-shaped apartment and retail project includes 11,500 square feet of ground-level retail and 191 residential units, from studios to three-bedroom townhomes.
The once derelict Minneapolis Public Schools Headquarters was reopened to the public this week as the revamped and rebranded Highlight Center. Minneapolis-based Hillcrest Development rehabilitated the century-old structure, turning it into a multitenant office building with a focus on tech and creative firms.
The tech industry has driven rental rates in the North Loop neighborhood of Minneapolis up more than 20 percent in two years, putting it in the top-10 fastest growing tech submarkets in the U.S, a study published Monday found.