Page 16 of 16

Re: Eleven - 1111 West River Parkway - 41 stories / 550'

Posted: February 13th, 2020, 10:14 am
by amiller92
Perhaps, but we've built so few condos that it's hard to see many of them available as investment assets. And even if some are, I don't think Eleven is really displacing opportunities for other housing, so again, don't really care if they're units sit empty anyway.

Re: Eleven - 1111 West River Parkway - 41 stories / 550'

Posted: February 13th, 2020, 3:16 pm
by QuietBlue
NickP wrote:
February 12th, 2020, 12:54 pm
Is there anyway to confirm that people are buying these units to live in as opposed to money storage. While I don’t think this is necessarily that case, it’s still a concern in the back of my mind.
Personally, I'm curious about how many are truly, 100% sold, as opposed to someone putting a deposit down or something. I'm skeptical of taking what their sales department says at face value, for obvious reasons.

Re: Eleven - 1111 West River Parkway - 41 stories / 550'

Posted: February 13th, 2020, 3:48 pm
by SurlyLHT
QuietBlue wrote:
February 13th, 2020, 3:16 pm
NickP wrote:
February 12th, 2020, 12:54 pm
Is there anyway to confirm that people are buying these units to live in as opposed to money storage. While I don’t think this is necessarily that case, it’s still a concern in the back of my mind.
Personally, I'm curious about how many are truly, 100% sold, as opposed to someone putting a deposit down or something. I'm skeptical of taking what their sales department says at face value, for obvious reasons.
I agree, think about how much the StarTribune story highlighting how these are supposedly selling fast is worth

Re: Eleven - 1111 West River Parkway - 41 stories / 550'

Posted: February 15th, 2020, 2:53 am
by mnmike
Well they can't be "100% sold" before they are built. It is probably deposits...I am not even sure if they can have complete purchase agreements before the units are built. I am a Realtor, but I have never done new construction condos. I just know they can't be sold before they exist:)

Re: Eleven - 1111 West River Parkway - 41 stories / 550'

Posted: February 15th, 2020, 11:25 am
by seanrichardryan
Not unless you're Jim Bakker.

Re: Eleven - 1111 West River Parkway - 41 stories / 550'

Posted: February 15th, 2020, 12:27 pm
by bapster2006
It's a constant fight to find new angles

ImageEleven condo tower construction from 750 feet Minneapolis 2-15-20 by Matt Bappe, on Flickr

Re: Eleven - 1111 West River Parkway - 41 stories / 550'

Posted: February 15th, 2020, 8:18 pm
by go4guy
Typically you put down a pretty good deposit, and I am pretty sure you do sign a purchase contract. I did all the lending for Wells Fargo on the West Coast in 08-10, and Vegas was in my territory. There were a few large condos built starting before the recession hit. By the time the project was done and it was time to close, purchase contracts for $850,000 had to be torn up because the units had dropped to about $450k in value. Developer could either take the deposit and re-list the unit, or renegotiate down to $450k. Developer always took the bath on the unit just to sell it to the original purchaser.

What I am trying to say is, nothing is guaranteed with these deposits. However, unless something happens in the market, most of these should close!

Re: Eleven - 1111 West River Parkway - 41 stories / 550'

Posted: February 17th, 2020, 10:29 am
by amiller92
It would be a question of state law though, and Nevada and Minnesota could well be different (I do not know the answer for either state).

Re: Eleven - 1111 West River Parkway - 41 stories / 550'

Posted: March 13th, 2020, 7:21 pm
by eastharrietguy
Here's hoping that the current downturn in the stock market does not last or many of those deposits/PAs will go away.

Re: Eleven - 1111 West River Parkway - 41 stories / 550'

Posted: April 15th, 2020, 11:46 am
by ZM7
Screen Shot 2020-04-15 at 12.44.47 PM.png

Re: Eleven - 1111 West River Parkway - 41 stories / 550'

Posted: April 19th, 2020, 10:30 am
by UrbWave
ZM7 wrote:
April 15th, 2020, 11:46 am
Screen Shot 2020-04-15 at 12.44.47 PM.png
I really appreciate the view! They seemed to have discontinued photo updates on their website.

Re: Eleven - 1111 West River Parkway - 41 stories / 550'

Posted: April 19th, 2020, 10:55 am
by UrbWave

Re: Eleven - 1111 West River Parkway - 41 stories / 550'

Posted: April 20th, 2020, 8:11 am
by CalMcKenney
Wow this feels like it's going up so fast.

Re: Eleven - 1111 West River Parkway - 41 stories / 550'

Posted: April 27th, 2020, 10:13 am
by Oreos&Milk
Wow those other two short and "plump" buildings look really nice. Granted it looks more like Bloomington than downtown, but still very beautiful place. Can't wait to see what it all looks like from this spot when they are all done. At this rate that be what? Thursday eh?

Re: Eleven - 1111 West River Parkway - 41 stories / 550'

Posted: June 28th, 2020, 7:43 am
by ZM7
The Eleven _27_June_20.jpeg
Latest Picture

Re: Eleven - 1111 West River Parkway - 41 stories / 550'

Posted: June 29th, 2020, 10:30 am
by Minneboy
Interesting you can see the rainbow lights reflected in the river from the bridge and then looking a bit more closely you can see the bridge is lit up for Pride as well. Barely noticeable especially considering it's not the subject of the story. Now if only Twelve and Fourteen would be announced and get started. Obviously skipping Thirteen for St. Paul.

Re: Eleven - 1111 West River Parkway - 41 stories / 550'

Posted: July 28th, 2020, 8:37 am
by rhettcarlson
Image

Yesterday from the parkway.