A long-anticipated apartment development at the corner of 50th Street and Lyndale Avenue in Southwest Minneapolis has pivoted to condominiums.
Why it matters: For-sale condos have been rare in the Twin Cities, especially outside downtown.
What they’re saying: “There is definitely a demand for condo projects in these various Minneapolis neighborhoods where there hasn’t been anything like this before,” said Isaac Kuehn, Realtor for DRG, which is listing the 15 units in the building.
- Their target demographic is people who live in nearby single-family homes and want to downsize without leaving the neighborhood.
Details: The four-story building, designed by Christian Dean Architects and developed by Master Properties, both based in Minneapolis, is called Washburn House.
- Asking prices range from $800,000 for a 2-story, 2-bedroom, 2-bathroom unit on the building’s lower levels to $1.5 million for penthouses with three bedrooms.
- Each unit comes with two underground parking stalls. There are only 15 spaces, Kuehn said, but cars can be stacked using a lift, doubling the capacity.
What we’re watching: Construction will begin once the team pre-sells seven of the 15 units, Kuehn said…