Stone Arch 2 - (520 2nd Street Southeast)

Northeast, Near North, Camden, Old St. Anthony, University and surrounding neighborhoods
dmdhashw
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Stone Arch 2 - (520 2nd Street Southeast)

Postby dmdhashw » June 6th, 2012, 5:30 pm

Image

http://www.startribune.com/business/141980173.html

"Minn's project is within two historic districts, including the St. Anthony Falls Historic District and the East Side Milling Railroad Corridor Historic District. The building will have a rooftop deck, a solar system and a business center, and Minn said that he hopes to attract people who work downtown and at the University of Minnesota who might want to walk to work. The project is only a block to the Stone Arch Bridge, a former railroad crossing that links southeast Minneapolis to downtown."

Looks like he is hoping to break ground in July and open early 2013.

Here is a link to the project page:

http://lupedevelopment.com/indevelopment.html#520

min-chi-cbus
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Re: 520 2nd St. SE

Postby min-chi-cbus » June 7th, 2012, 12:32 pm

This is one of my favorites (in concept)!

Wedgeguy
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Re: 520 2nd St. SE

Postby Wedgeguy » June 13th, 2012, 5:46 pm

Has there been any progress with this building?

dmdhashw
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Re: 520 2nd St. SE

Postby dmdhashw » July 24th, 2012, 4:12 pm

Email from Lupe Development:
Hello,

We are excited about the project and also feel that it will be a great addition to the neighborhood. The project is scheduled to be in the ground within 30-45 days or so. Thank you for the support.

Aaron

Aaron Diederich
Lupe Development Partners

John
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Re: 520 2nd St. SE

Postby John » July 24th, 2012, 5:11 pm

The design is a little bit different from the rest of the herd in a good way. I think marketing to people who are working with moderate incomes is great because these are the people who keep the city stable.

min-chi-cbus
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Re: 520 2nd St. SE

Postby min-chi-cbus » July 24th, 2012, 6:12 pm

John wrote:The design is a little bit different from the rest of the herd in a good way. I think marketing to people who are working with moderate incomes is great because these are the people who keep the city stable.
It's my #2 or #3 favorite project right now. I think it seemlessly ties a modern look with the historic nature of the neighborhood -- I really love it!

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Nathan
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Re: 520 2nd St. SE

Postby Nathan » July 25th, 2012, 9:32 am

Such good news! I'm really happy about this one! It's going to look so great there!

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Nathan
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Re: 520 2nd St. SE

Postby Nathan » July 25th, 2012, 9:46 am

Also, Does anyone know what 'Low Income' is for renting units like this? I might be just impoverished enough to live somewhere like that ;D

min-chi-cbus
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Re: 520 2nd St. SE

Postby min-chi-cbus » August 24th, 2012, 12:29 pm

dmdhashw wrote:Email from Lupe Development:
Hello,

We are excited about the project and also feel that it will be a great addition to the neighborhood. The project is scheduled to be in the ground within 30-45 days or so. Thank you for the support.

Aaron

Aaron Diederich
Lupe Development Partners
Any news on this one? It's been about 30 days.....Sorry for anyone who thought this post WAS the news!

swmpls
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Re: 520 2nd St. SE

Postby swmpls » August 27th, 2012, 6:09 pm

They were approved for some Tax free bonds a few days ago:

520 2nd St SE Housing Project: Approve resolution giving final approval of up to $7,500,000 in Tax Exempt Multi-Family Housing Entitlement Revenue Bonds.

http://www.ci.minneapolis.mn.us/meeting ... S1P-094503

min-chi-cbus
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Re: 520 2nd St. SE

Postby min-chi-cbus » August 28th, 2012, 7:03 am

swmpls wrote:They were approved for some Tax free bonds a few days ago:

520 2nd St SE Housing Project: Approve resolution giving final approval of up to $7,500,000 in Tax Exempt Multi-Family Housing Entitlement Revenue Bonds.

http://www.ci.minneapolis.mn.us/meeting ... S1P-094503
Should I mark this one as "Approved" then?

dmdhashw
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Re: 520 2nd St. SE

Postby dmdhashw » August 28th, 2012, 7:44 am

This was 'approved' several months ago. I didn't realize they were still working on financing.

dmdhashw
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Re: 520 2nd St. SE

Postby dmdhashw » October 27th, 2012, 7:35 am

Image
520 2nd St. SE by dmd.hashw, on Flickr

Looks like they finally started cleaning the site for this one.

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Nathan
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Re: 520 2nd St. SE

Postby Nathan » October 27th, 2012, 8:12 am

YES! Definitely my favorite infill project going on based on design. So great to see.

Seth
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Re: 520 2nd St. SE

Postby Seth » November 7th, 2012, 8:28 pm

Great news! I thought this one had fallen by the wayside.

frenat
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Re: 520 2nd St. SE

Postby frenat » November 7th, 2012, 10:10 pm

There's a big hole in the ground now. How is this going to affect the soap factory and other building on the corner?

dmdhashw
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Re: 520 2nd St. SE

Postby dmdhashw » November 8th, 2012, 8:05 am

frenat wrote:There's a big hole in the ground now. How is this going to affect the soap factory and other building on the corner?
They're not going anywhere.

I'm curious as to whether or not they could get rid of the WD Forbes building on the corner (not that I want it to go anywhere). I know it is part of the Heritage Preservation list, so they probably couldn't get rid of it even if someone wanted. It is also an active business, so there is that too.

Also, here's what this block will look like when these three project are completed:

Image
Pillsbury A Mill Redevelopment by dmd.hashw, on Flickr

min-chi-cbus
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Re: 520 2nd St. SE

Postby min-chi-cbus » November 8th, 2012, 9:21 am

That's really hard to read.....what's the darker orange again? I see that 520 is part of the upper-right light beige area, and A-Mill Lofts is the lower-right region.

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Nathan
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Re: 520 2nd St. SE

Postby Nathan » November 8th, 2012, 9:59 am

If you click on the image you can see the original sized image on Flickr, but the lower right is Mill and Main, the left side is A Mill stuffs.

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Nick
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Re: Lupe Apartment Project - (520 2nd Street SE)

Postby Nick » November 10th, 2012, 7:38 pm

I'm surprised this doesn't have a snappy name yet.
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