Minneapolis Real Estate Blog

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 and neighborhood groups have helped us recognize that this site presents a great opportunity to respond to the area’s need for quality for-sale housing and to take a step toward achieving the city’s long-term population goals.”