The Expo - 215 2nd St SE (285' - 26 Stories)

Northeast, Near North, Camden, Old St. Anthony, University and surrounding neighborhoods
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jtoemke
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Re: The Expo - 215 2nd St SE (285' - 26 Stories)

Postby jtoemke » October 11th, 2018, 7:14 pm

Almost 1200 new homes on three blocks? I'll take it.

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Nathan
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Re: The Expo - 215 2nd St SE (285' - 26 Stories)

Postby Nathan » October 11th, 2018, 7:26 pm

That's pretty extreme density. I also would like to have seen a third tower, however I'm very pleased by the second one. After being extremely underwhelmed by the first tower I'm happy the second one seems pretty put together even if it's not super remarkable.

BigIdeasGuy
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Re: The Expo - 215 2nd St SE (285' - 26 Stories)

Postby BigIdeasGuy » October 12th, 2018, 11:00 am

It's Minneapolis. Developers do infill pretty damn well, occasionally jump up and surprise us on mediocre lot, and only do reach about 50% of the potential on premier lots.

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Re: The Expo - 215 2nd St SE (285' - 26 Stories)

Postby twincitizen » October 12th, 2018, 12:02 pm

This is obviously fine, pretty great even. But really why not save a 1/3 or 1/4 block for a future phase (hopefully exceeding 6 stories)? You can still build a ton of units now, and there’s like no harm in setting aside some of this property that Doran/CSM already own

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Re: The Expo - 215 2nd St SE (285' - 26 Stories)

Postby go4guy » October 13th, 2018, 1:40 pm

Just speculation here, but could it be that the developer knows that financing is only going to get more expensive in the years to come with rising interest rates? Why not lock in the financing now when rates are still low and get these projects done since they have already done the design legwork.

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Re: The Expo - 215 2nd St SE (285' - 26 Stories)

Postby scottiem » January 15th, 2019, 11:51 am

New Heritage Preservation Comimission signs have been posted around the GM property recently declaring a public hearing for a new 32-story residential building and a 6-story mixed use building at the 311 2nd St SE property. It calls for 763 units and 4,300 SF of commercial. Meeting on Jan 22, 4:30PM.

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Re: The Expo - 215 2nd St SE (285' - 26 Stories)

Postby DanB » February 26th, 2019, 8:14 pm

Disappointing to see that the tower has been removed along with the affordable housing building supposedly after HPC feedback. The change in the east block to a single 6 story structure is a significant downgrade. I am confused that they would back off so easily when they were able to get the tower in phase 1 approved despite HPC opposition.

http://www.minneapolismn.gov/www/groups ... 217288.pdf

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The Expo - 215 2nd St SE (285' - 26 Stories)

Postby Anondson » February 26th, 2019, 9:03 pm

That sucks big time. Thanks HPC.

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Re: The Expo - 215 2nd St SE (285' - 26 Stories)

Postby MNdible » February 26th, 2019, 10:24 pm

Meh, I'd bet this has a lot more to do with economics than it does with what the HPC might say.

rhettcarlson
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Re: The Expo - 215 2nd St SE (285' - 26 Stories)

Postby rhettcarlson » February 27th, 2019, 10:59 am

I really hope 5 over 1s are not a thing in the next development cycle, but I have a feeling they are here to stay. Land this close in would probably be 7+ stories PT concrete in Seattle or Denver. Maybe we should just feel lucky that we are getting underground parking and not Texas donut style developments as in Dallas' and Houston's CBD.

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Re: The Expo - 215 2nd St SE (285' - 26 Stories)

Postby amiller92 » February 27th, 2019, 11:42 am

Or ours (Thrivent).

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Anondson
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Re: The Expo - 215 2nd St SE (285' - 26 Stories)

Postby Anondson » February 27th, 2019, 12:29 pm

MNdible wrote:Meh, I'd bet this has a lot more to do with economics than it does with what the HPC might say.
Well yeah, putting in affordable units often is a hit to the economics of a proposal.

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Re: The Expo - 215 2nd St SE (285' - 26 Stories)

Postby MNdible » February 27th, 2019, 12:30 pm

amiller92 wrote:Or ours (Thrivent).
I know you're just being clever here, but the difference between the Thrivent site and a typical Texas donut is that the parking at the Thrivent development lot is not to serve the liner housing, but is needed to serve a demand created by downtown office workers.

minntransplant
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Re: The Expo - 215 2nd St SE (285' - 26 Stories)

Postby minntransplant » February 27th, 2019, 3:33 pm

What is the deal with the private street?

alexschief
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Re: The Expo - 215 2nd St SE (285' - 26 Stories)

Postby alexschief » February 28th, 2019, 8:55 am

Given that the HPC has been overruled in this exact neighborhood twice with recent projects, including the first Expo phase, I'm not exactly buying Doran's insistence that their opposition was enough to cause a retreat on the tower proposal. They already had backed off a tower for the middle block, so they're clearly not expecting unlimited high rise demand in the area.

That being said, this is really disappointing because of the reduction in units, the reduction in affordable units, and the reversion to an awful full-block six story building. The design on the first phase of this project was barely passable, I'm not enthusiastic about two more full blocks of it without any kind of variation. I hope the loss of the proposed affordable housing will push CM Fletcher to step in and figure out what's going on here and how to restore the density at least of the original proposal.

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Re: The Expo - 215 2nd St SE (285' - 26 Stories)

Postby mattaudio » February 28th, 2019, 9:49 am

Is there any reason why they need to develop both blocks at the same time? Would be better to see more focus on one of the blocks, and leave the other block empty even if for another development cycle.

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Anondson
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Re: The Expo - 215 2nd St SE (285' - 26 Stories)

Postby Anondson » February 28th, 2019, 11:08 am

Yeah, I’d rather it be paced if that means substantial affordable units are done.

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Re: The Expo - 215 2nd St SE (285' - 26 Stories)

Postby twincitizen » February 28th, 2019, 6:33 pm

mattaudio wrote:
February 28th, 2019, 9:49 am
Is there any reason why they need to develop both blocks at the same time? Would be better to see more focus on one of the blocks, and leave the other block empty even if for another development cycle.
Exactly what I was going to suggest. If there’s only sufficient demand for X units, then build X units on one block and save the other block for later. What’s the rush to eliminate all possible developable land in the area? Taxes would be lower on the vacant block in the interim

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Re: The Expo - 215 2nd St SE (285' - 26 Stories)

Postby Blaisdell Greenway » March 1st, 2019, 9:26 am

twincitizen wrote:
February 28th, 2019, 6:33 pm
mattaudio wrote:
February 28th, 2019, 9:49 am
Is there any reason why they need to develop both blocks at the same time? Would be better to see more focus on one of the blocks, and leave the other block empty even if for another development cycle.
Exactly what I was going to suggest. If there’s only sufficient demand for X units, then build X units on one block and save the other block for later. What’s the rush to eliminate all possible developable land in the area? Taxes would be lower on the vacant block in the interim
Shortsighted financial incentives (at all levels) ?

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Re: The Expo - 215 2nd St SE (285' - 26 Stories)

Postby bapster2006 » April 21st, 2019, 12:02 pm

The three latest east bank midrises.

ImageExpo and new east bank midrises Minneapolis 4-21-19 by Matt Bappe, on Flickr


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