If you think Northeast Minneapolis feels a bit like a boomtown, I don’t blame you. There are a number of cranes in the skyline near the neighborhood’s main business district. So what’s being built? Residential and retail. Here are four projects that are currently underway in the neighborhood.
315 First Avenue NE
You’ve probably seen the 20-story tower rising from the old Superior Plating site at 315 First Ave NE. This is Nordhaus, a mixed-use project that will hold 280 apartments, 22,000 square feet of retail, and a designated space for a restaurant. Nordhaus replaces a vacant industrial space and should add vitality to this side of the street.
Lennar Multifamily, which is developing the property, also plans to erect a 26-story complex that includes 260 high-end apartments and 2,500 square feet of retail space. This project, called Phase II by the developers, will be located at 120 Fifth Street NE. Both buildings are being billed as “Scandinavian-style,” whatever that means.
Montage (Nye’s development)
10 2nd Street
Slated to open this fall, Montage has risen from the ashes of Nye’s Polonaise Room. While the iconic bar has closed after 66 years, developers saved some of the key buildings and have built around the historic structures. The new six-story structure will house 72 apartments and some 8,000 square feet of retail space.
It was sad to see Nye’s go. It had become an institution in Minneapolis, and a favorite spot for locals and tourists alike. Hopefully the new retail spaces will house businesses that reflect the unique character of Northeast Minneapolis and prove to be a draw once again.
700 Central Apartments
700 Central Avenue
This project has remodeled an old furniture factory and turned it into 80 apartments. Foodies will be happy to see that The Bad Waitress has opened a restaurant here, bringing traditional American fare with a creative twist into the neighborhood.
333 Hennepin (former U.S. Bank site)
Demolition of the original U.S. Bank building is scheduled to begin soon, and the new branch has been built on an adjacent property. A 28-story, 260-unit residential tower is planned for where the old bank building stood. Plans haven’t yet been finalized, but new renderings are expected to be released later this month.
These are the developments that are currently starting ground work in the neighborhood. There are a number of other projects in the planning phase, too. Northeast is a hot neighborhood right now, and with this influx of housing units, there will be even more folks on the sidewalks, in the bars and restaurants, and forming part of this unique community.
If you’re interested in buying or selling in the neighborhood, let me know. My family has been here for over 100 years, and I’ve seen many changes here. I’d love to welcome you to the neighborhood.