Here you have it folks: http://www.bizjournals.com/twincities/b ... lofty.htmltrkaiser wrote:That sale price really confuses me, too... I'd love to learn more about it Twincitizen!
Goldman Sachs is making a big bet on the North Loop continuing to develop its remaining surface parking lots, leaving this parking garage as basically the only game in town for bar/restaurant visitors (and daytime users of course). Expect parking prices to go up as surface parking in the area dwindles.
Note: surface parking in North Loop is far from extinct. In fact, I'd estimate it still makes up at least 25% of the land use, despite the massive building boom underway.