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Mar 8, 2022 - Real Estate

Michael Osterholm purchases Eleven tower condo for $3.4M

Nick Halter
The new Eleven condo tower on the downtown Minneapolis riverfront.
Photo: Nick Halter/Axios

Buyers begin moving into the ritzy new Eleven condo tower on the downtown Minneapolis riverfront this month.

The intrigue: The first sale of a condo has been made public on the state's real estate records website. Michael Osterholm, the suddenly famous infectious disease expert at the University of Minnesota, paid $3.4 million for a unit about three-fourths of the way up the tower.

What to expect: Expect even bigger sales prices as more become public. The penthouses take up entire floors and will sell for huge amounts.

  • Developers Ryan Cos. and Arcadia say about 75% of the 114 units have been sold.
  • The minimum marketed price for the least expensive units was a shade under $1 million.
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