2700 University Avenue Development

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twincitizen
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Re: 2700 University Ave West

Postby twincitizen » April 1st, 2014, 3:30 pm

I also misread that as 50% affordable at first.

It's 50 affordable units, out of 248 total, or 20%.

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FISHMANPET
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Re: 2700 University Ave West

Postby FISHMANPET » April 1st, 2014, 3:34 pm

Ah, good catch. May have gotten tripped up since they're defining affordable as 50% below median income.

Also that statement doesn't actually make sense, presumably they mean that residents of affordable units would be making below 50% of the median income, not that the actual rent would be 50% of the median income, because that wouldn't be affordable at all.

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Nick
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Re: 2700 University Ave West

Postby Nick » April 1st, 2014, 3:53 pm

Item! Subsidies requested for project built along transit line that itself was built with subsidies justified by promise of economic development. *chomps cigar*

Aville_37
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Re: 2700 University Ave West

Postby Aville_37 » April 1st, 2014, 7:52 pm

Nice design. Interesting the image didn't inlcude the green line though.

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Re: 2700 University Ave West

Postby Didier » April 1st, 2014, 8:19 pm

Being local to this area, I've always been both intrigued and confused by this lot. It's a huge space literally right in front of a light rail station and less than three blocks off two major highways, but none of the earlier proposals panned out and this one is only "just fine" upon first take. I think the original proposal here was going to include a Mississippi Market, or something similar. I'm surprised there's not demand for more retail here.

min-chi-cbus
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Re: 2700 University Ave West

Postby min-chi-cbus » April 1st, 2014, 8:21 pm

Nick wrote:Item! Subsidies requested for project built along transit line that itself was built with subsidies justified by promise of economic development. *chomps cigar*
The image I got from that was Montgomery Burns -- EXCELLENT!! :twisted:

About the project, I don't like it when they (developers) pitch 250+ unit buildings and put it all into 6 floors of sticks and bricks. I'd much prefer 5 different 50 unit proposals or at least a portion of the development exceed 8-10 floors. It's a nitpick -- especially since I applaud any and all development that is spurred along University Ave/Green Corridor -- but it's not a terrible project by just the one glance of it I've seen. It's also far from awesome, which is a shame considering I've never heard of this Indy developer and my guess is that this is one of their only Minneapolis projects for them to showcase and built upon......so it'd better be good, right?

nickmgray
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Re: 2700 University Ave

Postby nickmgray » April 7th, 2014, 2:59 pm

^ It's all about money. Breaking up the structure into multiple buildings increases the cost exponentially as does adding an extra 2-3 floors to specific areas of the building.

While developer want to do the right thing, they need to come up with a plan that gives them a specific return. If they can't do that, there's no reason for them to build the building.

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Re: 2700 University Ave

Postby ProspectPete » October 14th, 2014, 1:44 pm

I thought the number was 20% affordable.

twincitizen
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Re: 2700 University Ave

Postby twincitizen » October 14th, 2014, 1:53 pm

It is. See my post at the top of this page ^

ProspectPete
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Re: 2700 University Ave

Postby ProspectPete » October 14th, 2014, 2:07 pm

Got it... thanks. Anyone ready beyond the firewall as to when this project would break ground? I imagine at least a year or so if they are still negotiating with the city

twincitizen
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Re: 2700 University Ave

Postby twincitizen » October 15th, 2014, 2:57 pm

Timeline:

Groundbreaking "Late April 2015"
Opening "July 2016"

Seems realistic enough.

stp1980
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Re: 2700 University Ave

Postby stp1980 » October 15th, 2014, 3:02 pm

I am glad that this looks like it will go through. This piece of real estate is a head scratcher for me, as to why this has not happened sooner.

grant1simons2
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Re: 2700 University Ave

Postby grant1simons2 » October 15th, 2014, 3:14 pm

I've seen A LOT of projects that are scheduled for spring 2015so it should be an exciting thaw

ProspectPete
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Re: 2700 University Ave

Postby ProspectPete » March 14th, 2015, 7:26 pm

I'll put this here since it is on the same block as 2700 University Lot.

The old 2 story brick building at 2642 University is for sale. It unique in that it is set at an angle to the street. It was home to the some part of the geography department.
It is literally across the street from the EB green line Westgate platform.

It may be a nice opportunity for a residential project. I'd love to see some smaller scaled residential projects in contrast to the aircraft carriers sized buildings around here (808 Berry especially).

UrbWave
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Re: 2700 University Ave

Postby UrbWave » March 15th, 2015, 7:00 pm

The project page has about 10 renderings which look amazing. Didn't realize how significant the scale of the project is!
http://joshuaekstrand.com/portfolio-2700university.html

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Re: 2700 University Ave

Postby aeisenberg » March 15th, 2015, 7:13 pm

UrbWave wrote:The project page has about 10 renderings which look amazing. Didn't realize how significant the scale of the project is!
http://joshuaekstrand.com/portfolio-2700university.html
I think this is a 2011 concept drawing by a U of M architecture student. There's a different proposal from 2014 that is supposed to be going up on the site this spring, right?
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bptenor
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Re: 2700 University Ave

Postby bptenor » March 15th, 2015, 9:25 pm

I believe the current proposal can be found here from Flaherty Collins: http://flco.com/company-properties/2700-university

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Nathan
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Re: 2700 University Ave

Postby Nathan » March 16th, 2015, 7:41 am

Yikes, that's not nearly as nice as the drawings floating around last year.

twincitizen
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Re: 2700 University Ave

Postby twincitizen » March 16th, 2015, 8:16 am

2014:
Image

2015:
Image

Yep, definitely lost some articulation on the angled face of the building. Some of the larger signage/artistic elements were probably just that - artsy for the sake of the rendering. I hope they reconsider doing something a little more imaginative with the angled building face. Hopefully the "Saint Paul" sign stays, and stands out a little more. That would be so cool to see as you head east on University.

ProspectPete
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Re: 2700 University Ave

Postby ProspectPete » March 16th, 2015, 9:09 am

It would be nice if they could have some retail on Ellis or emerald as well.


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