Sep 21, 2023 - Real Estate

Rendering vs. reality: Apartment building near Bde Maka Ska

Rendering courtesy of city of Minneapolis. Photo by Nick Halter/Axios

Waterbury House, a new nine-story apartment building just north of Bde Maka Ska in Minneapolis, looks almost identical to the renderings the planning commission approved in 2021.

Catch up fast: The 73-unit building, at 3012 Excelsior Blvd., was fit into a triangle lot that was formerly a BP gas station. It was developed by Blaine-based Elevage and designed by Minneapolis-based ESG.

Nick's score (based on accuracy to the rendering): 9.8/10. If only city streets were that smooth in real life.

Flashback: Elevage originally pitched this project as a 100-room hotel with 20 condos, but switched gears in 2021, after Covid cratered the Twin Cities hotel occupancy rates.

What we're watching: The buildout of a ground-floor restaurant designed by Shea Inc. just wrapped up, according to a city permit.

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