Nordic House - 729 Washington Av N

Downtown - North Loop - Mill District - Elliot Park - Loring Park
twincitizen
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Re: Nordic House - 729 Washington Av N

Postby twincitizen » January 3rd, 2019, 1:03 pm

Silophant wrote:
January 3rd, 2019, 11:01 am
Ah, here's a link: Sable

Sounds like they're specifically trying to get people to buy them and Airbnb them out?
IMO sounds more like a marketing pitch to convince people to buy more condo than they can afford, rather than a specific push for Airbnb investors. Still a very interesting decision to sell, rather than rent these units. What’s changed in the market that would make United want to do that for this project specifically? I could easily see Sherman going condo with a building like Encore, which seems more suited to ownership than this particular project

Silophant
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Re: Nordic House - 729 Washington Av N

Postby Silophant » January 3rd, 2019, 1:48 pm

I'm assuming that it just never occurred to them to do condos until they ran some numbers for Gateway and realized the DT condo market is hilariously undersupplied.

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Nathan
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Re: Nordic House - 729 Washington Av N

Postby Nathan » March 7th, 2019, 9:09 am

We Work to take 60k square feet in The Nordic

https://www.bizjournals.com/twincities/ ... ation.html

alexschief
Union Depot
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Re: Nordic House - 729 Washington Av N

Postby alexschief » March 7th, 2019, 1:22 pm

That's odd, I didn't know their CEO was an investor in this building.

MattW
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Re: Nordic House - 729 Washington Av N

Postby MattW » March 7th, 2019, 3:43 pm

This will have a food hall on the first floor. FINALLY something fast casual-ish in the NL.

https://bringmethenews.com/minnesota-li ... -food-hall

alexschief
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Re: Nordic House - 729 Washington Av N

Postby alexschief » March 7th, 2019, 4:08 pm

Actually kind of a fascinating concept. Most food halls are, themselves, sort of an intermediate step between doing nothing and having a bricks and mortar location. This Galley Group model finds an even narrower niche, a bit more involved than just a stall at a farmers market, but ahead of owning a truck or having custom food hall space. It may function as a food hall to the consumer, but it to chefs and would-be entrepreneurs, it would seem to offer another intermediate step between doing nothing and bricks and mortar, and a different unique pathway for these people to develop their skills, build a market, and create a business. Pretty exciting.


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