Uptown (and LynLake) Development & General Topics

Calhoun-Isles, Cedar-Riverside, Longfellow, Nokomis, Phillips, Powderhorn, and Southwest
mattaudio
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Re: Uptown General Topics & Development Map

Postby mattaudio » May 23rd, 2016, 12:35 pm

The used car lot at Lake and Harriet is for sale.

aeisenberg
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Re: Uptown General Topics & Development Map

Postby aeisenberg » June 15th, 2016, 10:46 am

Lyndale
Image


Alley
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Aaron Eisenberg / Realtor, Keller Williams Integrity
612.568.5828 / aaron@agentaaron.com / 1350 Lagoon Ave #900
http://www.agentaaron.com

mattaudio
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Re: Uptown General Topics & Development Map

Postby mattaudio » June 15th, 2016, 12:03 pm

Are those Sabri Turrets on the valleys of the gable end?

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Nathan
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Re: Uptown General Topics & Development Map

Postby Nathan » June 15th, 2016, 12:41 pm

Lol! If only that was a gable. Pretty sure it's just the stair access to the roof.

MNdible
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Re: Uptown General Topics & Development Map

Postby MNdible » July 28th, 2016, 1:28 pm

Looks like the weird little retail building at Ridgewood and Lyndale may be getting a tenant -- there was a sign up for "Suite Box Beauty Studios" or something like that, which apparently is a rent-a-booth freelance salon. Although the sign said that it was going to be available starting July 25th, and there's no evidence that this is true.

Meanwhile, same crappy developer, any news on Le Paris? Besides the fact that it's a rapidly moldering away eyesore and firetrap?

mattaudio
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Re: Uptown General Topics & Development Map

Postby mattaudio » July 29th, 2016, 8:57 am

MNdible wrote:any news on Le Paris?
Is the whole building vacant? Or just the ground floor storefronts?

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Re: Uptown General Topics & Development Map

Postby MNdible » July 29th, 2016, 9:08 am

The entire building is vacant, and has had all of its exterior cladding ripped off because of mold issues. Exposed studs, temporary plastic covering that's been torn to shreds and is flapping in the wind. It's been sitting like this since last fall; no evidence of any work being done. I'm assuming that things are tied up in lawsuits, but it surprises me that the city hasn't stepped in and forced their hand.

min-chi-cbus
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Re: Uptown General Topics & Development Map

Postby min-chi-cbus » July 29th, 2016, 12:57 pm

I'm a little surprised that greater Uptown isn't seeing additional proposals after the initial glut of redevelopment projects were completed over the past 1-2 years. Does anyone have a bead as to how those projects are filling/filled up?

twincitizen
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Re: Uptown General Topics & Development Map

Postby twincitizen » July 29th, 2016, 1:26 pm

Vacancy rates were reported as being very low (~2%), at least as of several months ago. I have to assume Elan, et al are nearly 100% occupied at this time.

There is the fairly large Revel/Target project on the way. Then there's CPM's tiny little projects (1620, 1710) and medium-sized projects Laguna and 2811 Girard. Also, the two West Calhoun projects, which from a real estate standpoint is counted as part of the Uptown sub-market.

So a fair amount of construction is underway right now, but you're right that the future pipeline looks pretty dry after that. I can't think of a single residential proposal that has been floated, proposed, approved, etc. that is not already under construction. By all indications the market is still strong enough that Uptown could support more luxury units. I think the slowdown has more to do with lack of available sites than lack of demand. There are obviously plenty of sites that could/should be developed (well documented in this thread), but for whatever reasons are not being marketed for development by their current owners.

EDIT: There is the one Gunsbury project on the Greenway that is not under construction yet, but should be soon. And I guess there's Master's two potential Lyndale projects - FrankLyn (dead for now) and the Aldi one at 26th (who knows...) But I'm guessing min-chi-cbus meant closer to the core of Uptown, not 26th/Lyndale and Franklin/Lyndale.

bivaly
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Re: Uptown General Topics & Development Map

Postby bivaly » July 29th, 2016, 1:50 pm

twincitizen wrote:So a fair amount of construction is underway right now, but you're right that the pipeline looks pretty dry after that. I can't think of a single residential proposal that has been floated, proposed, approved, etc. that is not already under construction.
You're forgetting about Gerberding's 26th and Lyndale Aldi's proposal. The last iteration presented to the City Planning Commission Committee of the Whole in the spring had approximately 100 housing units.

twincitizen
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Re: Uptown General Topics & Development Map

Postby twincitizen » July 29th, 2016, 1:53 pm

You're right. I edited my post to note that one and FrankLyn. Who knows if Master will actually get a project built this cycle though...

David Greene
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Re: Uptown General Topics & Development Map

Postby David Greene » July 29th, 2016, 2:59 pm

Wasn't there a proposal floated at one time to redevelop the Corner Balloon/Rinata/Woullett building? Whatever happened to that? I was really looking forward to it.

twincitizen
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Re: Uptown General Topics & Development Map

Postby twincitizen » July 29th, 2016, 3:46 pm

There was a rumor (sourced from someone close to the property owner) that the property was going to change hands, and that total redevelopment was possible. I don't think things progressed beyond that. It appears the property did change hands in 2014, based on Hennepin County records. Boy, that $1M appraised value seems awfully low for a commercial strip on Hennepin. Granted, it sold for $1.5MM, but still

David Greene
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Re: Uptown General Topics & Development Map

Postby David Greene » July 29th, 2016, 5:01 pm

The building has to be in pretty rough shape. You can see the deterioration of the original facade, even under the horrible 1950's-era refit. The back of the building looks absolutely terrible.

But even $1.5MM seems low to me.

Qhaberl
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Uptown General Topics & Development Map

Postby Qhaberl » August 22nd, 2016, 6:25 am

Just out of curiosity, what ever happened Jeezy's new office building that was supposed to be built and just south of the Greenway near 28th St. I know there's a thread about it, but I haven't seen any activity on it lately.

If my memory serves me correctly, I believe it would've been just south of Gerard Avenue. I think it was called Mosaic east. I was there about four months ago, and saw a sign that mentioned August 2017n as being opened. But still no construction.


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LakeCharles
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Re: Uptown General Topics & Development Map

Postby LakeCharles » August 22nd, 2016, 7:48 am

Jeezy is building an office building? I guess he's gotta put the money from "I'm So Paid" somewhere.

David Greene
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Re: Uptown General Topics & Development Map

Postby David Greene » August 22nd, 2016, 9:30 am

Qhaberl wrote:If my memory serves me correctly, I believe it would've been just south of Gerard Avenue. I think it was called Mosaic east. I was there about four months ago, and saw a sign that mentioned August 2017n as being opened. But still no construction.
I believe they're still waiting for an anchor tenant since Code42 pulled out.

Unfortunately, I could not convince Cray to be that tenant.

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Anondson
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Re: Uptown General Topics & Development Map

Postby Anondson » August 22nd, 2016, 3:54 pm

Fifty-year-old apartment building at 3101 E. Calhoun Parkway sold for double market value.

http://finance-commerce.com/2016/08/cal ... -per-unit/

$260K/unit

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Anondson
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Re: Uptown General Topics & Development Map

Postby Anondson » August 23rd, 2016, 10:16 am

If only we could build more identical to this right near it around Calhoun parkway.

RailBaronYarr
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Re: Uptown General Topics & Development Map

Postby RailBaronYarr » August 23rd, 2016, 12:54 pm

Folks might hate me for saying it, but there's something very attractive about this building (aside from the AC units in the walls), along with a few others of similar vintage across the lake. At the very least, it's hard for me to understand the case of 6+ story buildings ruining things for their neighbors when these sit right next to (very valuable) detached single family homes.

Also, it's zoned R2B. Because of course.


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