Star Tribune sells parking lot for $1.8 million
- Blog Post by: Jim Buchta
- November 14, 2012 - 1:04 PM
Several weeks ago Just Listed reported that the Star Tribune had sold some of the land it owns to a pair of Twin Cities developers who plan to build upscale apartments. That deal just closed, and we now know that TE Miller Development and Curt Gunsbury paid $1.8 million for the one-acre site - a portion of a parking lot that’s directly across from the Star Tribune’s printing plant and distribution building in the Minneapolis Warehouse District.
The Strib still owns several downtown parcels, including land near the building that houses the company’s business offices and newsroom and is adjacent to the yet-to-be-built Vikings stadium. TE Miller and Solhem Companies acquired the Strib’s parking lot to build 137 apartments that are now being referred to as 815 2nd St. Apartments.
Construction will start this week with occupancy by an opening in late summer 2013. Stay tuned for more details. In the meantime, here's a link to the 815 2nd St. site plan that was submitted to the city.
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