What's likely to be just the second new condo building in downtown Minneapolis is one step closer to becoming a reality. The Minneapolis Heritage Preservation Commission recently gave the go-ahead to demo two buildings to make way for a new 8-story brick, stone, metal and glass condominium building that's being called 602 Residences. Both buildings were just a few decades old and are within the Minneapolis Warehouse Historic District and the St. Anthony Falls Historic District, but neither is considered a contributing structure. Those buildings, a one- and two-story building, are at 602 North 1st Street and 606 North 1st Street.
Gunsbury, of Solhem LLC, is working with T.E. Miller Development on the project, and said that he hopes to break ground in May or June. The duo has already developed several apartment buildings in the city, including Soltva and Solhavn in the North Loop. The project has received support from neighborhood groups, and would be just the second condominium building in downtown Minneapolis to break ground since the 2008 housing crash. Prices haven't been determined, but every unit will be on a corner and have outdoor balconies and terraces, private elevators.