First Look: Paxon North Loop fills big hole

The apartment building replaced a stalled condo project in the North Loop

March 20, 2015 at 4:39PM
(The Minnesota Star Tribune)

Meet the Paxon North Loop apartments. On the cusp of the Great Recession, a Chicago developer started building a luxury high-rise condo tower in the heart of the North Loop, but ran out of money and abandoned the project - known then as the Reserve. The site went back to the bank and for years, the hulking concrete foundation and lowest levels of the underground parking garage were cordoned off with a chain link fence, becoming an eyesore as weeds took hold of the site.

Here's what the site looked like before construction of the Paxon began.
Here's what the site looked like before construction of the Paxon began. (The Minnesota Star Tribune)
(The Minnesota Star Tribune)
(The Minnesota Star Tribune)
(The Minnesota Star Tribune)
(The Minnesota Star Tribune)
about the writer

about the writer

Jim Buchta

Reporter

Jim Buchta has covered real estate for the Star Tribune for several years. He also has covered energy, small business, consumer affairs and travel.

See Moreicon

More from Business

See More
card image

Fourth high-profile assault of hospital workers since last fall underscores challenge of managing patients in mental health crises.

card image
This transmission electron microscope image shows SARS-CoV-2, the virus that causes COVID-19, isolated from a patient in the U.S., emerging from the surface of cells cultured in the lab. (NIAID/TNS) ORG XMIT: 1659810