Minneapolis Real Estate Blog

The owner of the Northstar Center in downtown Minneapolis is seeking investors to convert part of the aged office property into a 266-unit apartment tower. An affiliate of Triple Net Properties, based in California, hired BKV Architects to draw up a vision for the 313,000 square-foot east building of the three-building Northstar complex. It hired the Minneapolis-St. Paul office of Colliers International to market the plan to developers. “Sometimes not everyone has the vision,” said Julie Lux, a senior associate with the multifamily group at Colliers in Minneapolis. “The seller has positioned this with the initial floor plans so buyers can imagine the conversion.” It’s part of a larger trend of transitioning older, dated office buildings — which the…
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10 Redevelopment Projects Transforming MSP in 2016

Posted by Mike Seebinger Realtor at DRG on Thursday, January 14, 2016

This article is provided to streets.mn by The Line, an online publication about the creative economy of the Twin Cities. Streets.mn and The Line share content to further conversations on land use and transportation in MSP. Time doesn’t stand still for the Twin Cities skyline, nor for our distinctive neighborhoods. Back around 1000 BCE, the Woodland people built the first monuments in town; now most of those great burial mounds are gone. A few thousand years later, an entrepreneur dammed the Mississippi River at St. Anthony Falls in Minneapolis; that collapsed and got a re-do. The Metropolitan Building: Gone.

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No more wiggle room: Nye's set to close April 3

Posted by Mike Seebinger Realtor at DRG on Saturday, January 16, 2016

The news that Twin Cities nightlife mavens have been dreading for months arrived Friday afternoon: Nye’s Polonaise Room has announced its firm closing date, April 3. Originally slated to close last summer, the popular post-World War II supper club in northeast Minneapolis got a temporary reprieve from the wrecking ball as plans to replace it with a 29-story apartment tower were scaled back to a six-story building after neighborhood groups and the Heritage Preservation Commission got involved. Friday afternoon, the Minneapolis City Council approved an appeal for two design elements flagged by the preservation

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Lux decides 40-story tower at Washburn-McReavy site should be condos

Posted by Mike Seebinger Realtor at DRG on Tuesday, January 19, 2016

Minneapolis is on the cusp of getting its third major condo project since the recession. Developer Bob Lux said Tuesday that he will build a 40-story tower with 207 condominiums in the Marcy-Holmes neighborhood just across the river from downtown Minneapolis. The decision comes after months of speculation about whether Lux would build apartments or condos on the site at 200 Central Av., now the location for a Washburn-McReavy funeral home. “We recognize that condominium homes are more difficult to construct and that the site would accommodate apartments nicely,” Lux said. “But city leaders

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This time of year, if a seller has not sold their home, they will typically withdraw it from the market. Activity is often slower than normal between now and the first week of January. Many sellers also want a break from showings, the pressure of keeping their home clean, and feeling like they are always on.

But for the serious seller or buyer, deals still happen between now and early January. If you’re a seller who means business, know that buyers are out there through the holidays. If you’re a buyer on a mission, pound the pavement to find the most motivated sellers, and try to make a holiday miracle happen.

Tips for sellers

  • Get your price in line with the market. If your home has been on the market for months without any offers, chances are
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'Tis the Season: Holiday Buying & Selling Tips

This time of year, if a seller has not sold their home, they will typically withdraw it from the market. Activity is often slower than normal between now and the first week of January. Many sellers also want a break from showings, the pressure of keeping their home clean, and feeling like they are always on.

But for the serious seller or buyer, deals still happen between now and early January. If you’re a seller who means business, know that buyers are out there through the holidays. If you’re a buyer on a mission, pound the pavement to find the most motivated sellers, and try to make a holiday miracle happen.

Tips for sellers

  • Get your price in line with the market. If your
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Twin Cities housing market during September was the best in a decadehttp://www.startribune.com/twin-cities-housing-market-during-september-was-the-best-in-a-decade/332425652/

Posted by Mike Seebinger Realtor at DRG on Thursday, October 22, 2015

There were more buyers than sellers in many parts of the Twin Cities last month, boosting prices and closings in what’s been the best fall market in a decade. During September, there were 5,114 home sales with a median sale price of $222,000 in the 13-county metro area, according to data released Tuesday by the Minneapolis Area Association of Realtors. That was a 12 percent increase in sales and a 8.3 percent increase in prices compared with last September. The market was strong all

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Restaurant, retailer planned for revamped Sex World buildinghttp://m.startribune.com/plans-rolled-out-for-revamped-sex-world-building/335329621/

Posted by Mike Seebinger Realtor at DRG on Thursday, October 22, 2015

Significant cosmetic changes are in store for the Sex World building in Minneapolis, with a new owner hoping to give the weary old structure — and the street corner it occupies — a new attitude. The developer-buyer, Minneapolis-based Falcon Ridge Partners, pulled back the curtain on its plans for the first time publicly Wednesday night at a North Loop Neighborhood Association committee meeting. The building sale includes both 125 and 121 Washington Av. N., better known as the site of Sex World and the now-closed

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Trader Joe's is a go for downtown Minneapolis locationhttp://m.startribune.com/local/minneapolis/334682271.html

Posted by Mike Seebinger Realtor at DRG on Tuesday, October 20, 2015

Nearly a decade after entering the Twin Cities market, Trader Joe’s again has plans for its first store in Minneapolis. The California-based grocer on Tuesday confirmed a long-standing rumor that it will join developer Sherman Associates on its new apartment and retail project, called the East End, at the intersection of Washington and Chicago avenues S. It’s the third chain grocery store to enter the downtown Minneapolis market, and the first to locate in the east half — a burgeoning area that includes the Mill District and Downtown East

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