A “topping out” ceremony — which signifies the midway point in big construction projects — was held at LPM Apartments on Loring Park on Tuesday in Minneapolis.
Despite frigid temps, the developer, Chicago-based Magellan Development Group, along with James McHugh Construction, Adolfson & Peterson Construction and others, gathered to hoist a beam signed by construction workers and the requisite evergreen tree (for good luck) to the top of the distinctive 36-story tower.
The 354-unit complex will have studios, one- and two-bedroom apartments, plus a fitness center, indoor hot tub, sauna and steam rooms, media and game rooms, resident lounge, business center, outdoor pool, landscaped deck with fire pits, bicycle parking and a private dog run. Leasing for the $100 million tower will begin early next year, with occupancy expected in early June. Rents have not yet been determined.