Portico at the Falls - 4737 Minnehaha Ave

Calhoun-Isles, Cedar-Riverside, Longfellow, Nokomis, Phillips, Powderhorn, and Southwest
twincitizen
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Re: 4737 Minnehaha Ave - Lander Development

Postby twincitizen » April 25th, 2019, 10:22 am

This site screams million-dollar condos rather than "just another apartment building". While it's not exactly vogue around here to wish for large/expensive condo units (rather than an apartment building with more, smaller units), my preference on this site would be the expensive condos, because it would likely mean higher quality building materials. This is a million dollar location...the quality of development put here should reflect that.
So I asked for an update on this project, and it's possible that the above may be coming true. A reconfigured building with for-sale condos (including walk-up THs) may be on the way to the neighborhood board & Planning Commission soon. Fewer units overall, and still no commercial space, but a better building is what this site deserves. A smaller 4-story version of Edgewater @ Maka Ska is what I'm hoping to see.

minneboom
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Re: 4737 Minnehaha Ave - Lander Development

Postby minneboom » May 22nd, 2019, 6:16 pm

Assembly Commercial Real Estate is holding a community meeting with the Longfellow Community Council. See details and Facebook event below.

Preliminary project details:
• 25 for sale condo units
• 4 stories – 3 full stories with a recessed 4th
• Projected 53-ft max building height
• 28 stalls of underground parking and 8 at grade parking stalls accessed from the alley
• Site plans for the project can be found here: https://www.dropbox.com/s/o0n25e4ajxhhv ... n.pdf?dl=0

A community vote will be held at the conclusion of the meeting, on whether to issue a letter in support of the developer’s land use application to the Minneapolis City Planning Commission.

https://www.facebook.com/events/2045643912396513/?ti=ia

twincitizen
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Re: Portico - 4737 Minnehaha Ave

Postby twincitizen » October 14th, 2019, 6:44 pm

Approved by Planning Commission on 10/7/19.
Plans: http://www.minneapolismn.gov/www/groups ... 221038.pdf
Website: http://porticoatthefalls.com/

twincitizen
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Re: Portico at the Falls - 4737 Minnehaha Ave

Postby twincitizen » February 7th, 2021, 12:25 pm

As far as I know this is still moving forward, but has not started construction. The website indicates that 8 out of the 25 condos have been "reserved". Likely won't move forward until they surpass 50%, including some of the more expensive/larger units. https://porticoatthefalls.com/building/residences/

twincitizen
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Re: Portico at the Falls - 4737 Minnehaha Ave

Postby twincitizen » July 12th, 2021, 9:06 am

As far as I know this is still moving forward, but has not started construction. The website indicates that 8 out of the 25 condos have been "reserved". Likely won't move forward until they surpass 50%, including some of the more expensive/larger units. https://porticoatthefalls.com/building/residences/
Nothing has changed in 5 months. Actually, a bit of regression as only 7 condos are now marked ‘reserved’.

seanrichardryan
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Re: Portico at the Falls - 4737 Minnehaha Ave

Postby seanrichardryan » July 12th, 2021, 9:22 am

I've seen some lot reservations cancel on a subdivision near me too. I'd guess the ever rising costs of construction are putting a damper on sales. Hard to commit when you won't know the final cost the project is partially complete.
Q. What, what? A. In da butt.

twincitizen
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Re: Portico at the Falls - 4737 Minnehaha Ave

Postby twincitizen » November 2nd, 2021, 10:10 am

Checking the website for this project, it looks like 6 units are now marked as sold, 5 are reserved, and 15 units are available. Still short of the 50% sold that banks typically require to finance a project. With 26 units total, they'd need all 5 reservations to become sales, plus two more, to reach that 50% threshold. "Prices range from $324K-$985K."

rhettcarlson
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Re: Portico at the Falls - 4737 Minnehaha Ave

Postby rhettcarlson » January 20th, 2022, 12:17 pm

Image

Per Assembly MN's Instagram, demo started here today!

John21
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Re: Portico at the Falls - 4737 Minnehaha Ave

Postby John21 » January 20th, 2022, 12:36 pm

Great news!

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mister.shoes
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Re: Portico at the Falls - 4737 Minnehaha Ave

Postby mister.shoes » January 20th, 2022, 4:38 pm

Ha. I kept meaning to post here that the old building has been knocked down, but then I forget by the time I get home after dropping the kids off at school.
The problem with being an introvert online is that no one knows you're just hanging out and listening.

twincitizen
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Re: Portico at the Falls - 4737 Minnehaha Ave

Postby twincitizen » January 21st, 2022, 9:08 am

Glad they're moving forward. 13 sold, 13 available!

These are the first for-sale condos built outside of downtown in at least 15 years, right? Not that we've had a ton built downtown in that time either...

RedDutch
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Re: Portico at the Falls - 4737 Minnehaha Ave

Postby RedDutch » January 22nd, 2022, 6:47 am

Condos have been built in Uptown

HiawathaGuy
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Re: Portico at the Falls - 4737 Minnehaha Ave

Postby HiawathaGuy » May 10th, 2022, 10:40 am

This is now above ground with a crane up.
Image


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