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$100 million apartment project tops out

  • Blog Post by: Janet Moore
  • December 10, 2013 - 11:48 AM

It was a brilliant morning for a topping-out ceremony at LPM Apartments in Loring Park. And cold, of course.

The 36-story 354-unit apartment building has reached roughly the halfway mark, with plans to open in early June of 2014. Off-site leasing will begin in January.

A beam signed by the construction workers who worked on the project -- along with the traditional evergreen tree -- were hoisted to the chilly top of the building Tuesday. (The tree represents good luck.)

Developed by Chicago-based Magellan Development Group, the $100 million project spans 583,933 square feet and includes various amenites such as a fitness center, media and game room, resident lounge, business center, bicycle parking, outdoor pool, fire pits and landscaped deck, as well as a private dog run and dog wash.

Janet Moore covers commercial real estate.
 

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