Alatus Residential Project - 228 South 12th Street (32 stories - ~348'/405')

[HiawathaGuy]

Developer Alatus ...

TroyGBiv, I used to post full subscription-needed articles on here, and was asked not to, so that we don't upset anyone with those publications. Thought I'd mention it, as I can see this is the full article.

[TroyGBiv]

Developer Alatus ...

TroyGBiv, I used to post full subscription-needed articles on here, and was asked not to, so that we don't upset anyone with those publications. Thought I'd mention it, as I can see this is the full article.

Ok thanks! After I posted it I had that feeling - sorry - hope I didn't make any problems...

[VacantLuxuries]

Anyone else planning on going to the DMNA meeting tonight?

[Silophant]

I'm not going to be able to make it, so take notes!

Edit: or livetweet!

[grant1simons2]

Sold for $7 million, which is more than that parking lot has likely made off monthly parking contracts in the past 10 years.

http://finance-commerce.com/2017/10/ala ... on-center/

[VacantLuxuries]

1507074787965.jpg

[VacantLuxuries]

Currently looking at 27 stories. Parking podium would be covered with active units. Seeking pedestrian improvements for the 12th/3rd corner

There would be an alley/service zone between this building and Hotel Ivy

[VacantLuxuries]

1507075009046.jpg

Ground level floor plan

[VacantLuxuries]

Full notes I took during the presentation:

27 story
Concrete tower
Not sure whether it'll be apartments or condos yet, but if they go apartments, they're seeking opportunities to convert to ownership in the future
Pedestrian improvements along 12 - comparing it to Latitude 45
580 parking spaces. 345 units
Flat parking panels - acknowledged future conversion
Sky lounge mentioned as a possibility but the plans aren't firm
Affordable housing in the liner structure is a possibility

[bapster2006]

Thank you very much for the info! I see they are thinking of doing a spire too.

[VacantLuxuries]

One other thing I liked is they were very aware the role this building will play in the skyline as you approach Minneapolis from the south and they want to rise to the occasion

[Silophant]

On the one hand, it looks like Latitude 45, just extruded taller.

On the other hand, that's not a bad thing.

[Anondson]

A drawing from the 24th ped bridge would be nice to view. It’s maybe the most iconic shot with the stone arch view.

[Anondson]

More images.

https://twitter.com/rhett_carlson/statu ... 4864744448

[spearson]

I think that thing would look pretty nice.

[bapster2006]

Looks like the equivalent of about 31 floors. And it is pretty wide. It will definitely make a statement, and provide a lot of homes.

[Anton]

Looks like a good project. My primary complaints: way too much parking and no ground floor retail.

[HiawathaGuy]

In regards to the parking, did they mention if any of the total included public parking? If that does include spots that could be used by the paying public, I'm okay with the higher total. Or would there be any other reason Alatus would be aiming so high on this? I'm not sure how these things work, and what sort of politics come into play on these huge projects.

[minntransplant]

In regards to the parking, did they mention if any of the total included public parking? If that does include spots that could be used by the paying public, I'm okay with the higher total. Or would there be any other reason Alatus would be aiming so high on this? I'm not sure how these things work, and what sort of politics come into play on these huge projects.

I think the number on parking makes sense and I like that it could be converted to different uses in the future. If they go apartments initially and then convert to condos, they'll have additional parking spaces to market (the reality is that many condo buyers, particularly couples, still want 2 car stalls). In the short term, public parking will be a money maker given the proximity to the convention center.

[grrdanko]

Looks like a good project. My primary complaints: way too much parking and no ground floor retail.

Where did you see that there is no ground floor retail planned?