Real Estate

Hot homes: 6 houses for sale in the Twin Cities starting at $185,000

Deck and patio of home
2337 Taft St. N.E. Photo: Wildish Media, courtesy of Anne Anderson

Welcome back to Axios Twin Cities' "Hot Homes" real estate series. Each week, we round up some of the best houses on the market.

  • This week's collection includes six charming abodes, from a sun-drenched condo to a revamped two-story home.
Nick Halter
May 24, 2022 - Real Estate

Downtown Minneapolis condo project finally moves forward

A rendering of a condo building
A rendering of AECOM's 15-story condo project in Minneapolis. Image: AECOM via City of Minneapolis

A long-planned condo development next to the Guthrie Theater in Minneapolis is finally moving forward.

What's happening: The development team, led by Los Angeles-based AECOM, has a deal in place with the city to buy a chunk of land at 800 Washington Ave. S., where it is planning a 15-story, 284-unit condo project with space for a restaurant on the ground floor.

Hot homes: 5 houses for sale in the Twin Cities starting at $360K

5541 Pleasant Ave. Photo: Spacecrafting, courtesy of Stacy Sullivan

Welcome back to Axios Twin Cities' "Hot Homes" real estate series. Each week, we round up some of the best houses on the market.

Situational awareness: April's median home sales price hit a record $370,000 in the Twin Cities metro area, according to new data from Minneapolis Area Realtors and St. Paul Area Association of Realtors.

Nick Halter
May 19, 2022 - Real Estate

Downtown Minneapolis office tower slated for apartment conversion

An office tower
Northstar Center East will become apartments under a new proposal. Photo: Nick Halter/Axios

A downtown Minneapolis tower is slated to become the city's first conversion from offices to apartments since the pandemic hit.

Driving the news: Minneapolis-based developer Sherman Associates has proposed turning the 13-story Northstar Center East, at 608 2nd Ave. S, into 216 apartments.

Nick Halter
May 18, 2022 - Real Estate

Rendering vs. reality: Minneapolis' 240 Park Avenue apartment tower

An image of a rendering of a downtown Minneapolis apartment tower, next to a photo of the actual building after construction completed.
Image courtesy of BKV Group via City of Minneapolis; Photo: Nick Halter/Axios

In February, the Wilf family, who owns the Minnesota Vikings, completed a 17-story apartment tower at 240 Park Ave., which is just a few blocks from U.S. Bank Stadium in Minneapolis.

  • Designed by BKV Group, the 204-unit building has an exterior heavy on metal and glass.
Nick Halter
May 17, 2022 - Real Estate

Twin Cities' housing affordability reaches worst level in 18 years

A house with the top coming off with a red arrow in the middle
Illustration: Annelise Capossela/Axios

Homebuyers in the Twin Cities have been able to deal with skyrocketing prices over the past few years thanks to record-low interest rates.

  • But with interest rates on the rise, housing affordability is at its worst level since at least 2004, according to a monthly report from Minneapolis Area Realtors/Saint Paul Area Realtors Association.
Nick Halter
May 16, 2022 - Real Estate

A $250 million Edina project is under construction near Galleria

A demolished building on the left; a rendering of a new project on the right
Demolition has begun on the old U.S. Bank building (left). On the right, a rendering of what will replace it. Images: Nick Halter/Axios and ESG Architecture via City of Edina

A more than $250 million mixed-use project in Edina is underway after crews last week began demolishing a former U.S. Bank office building at 70th and France.

Details: Developers Mortenson and Orion Investments will eventually build a 24-story, 267-unit luxury apartment tower, a 275,000-square-foot office/commercial building, a new U.S. Bank branch, and street-level retail space.

See inside the $6.6M mansion on a private island in Minnesota

Photo: 8710 Photography, courtesy of Nathan Landucci

For a whopping $6.6 million, you can get a 9,714-square-foot house on a private island with a hovercraft to get around.

  • The five-bedroom, nine-bathroom house is located at 1 Bald Eagle Is. on Bald Eagle Lake and in White Bear Township.

Price: This is the second-most expensive listing in the Twin Cities' market right now. You're paying for a fully furnished and newly remodeled house on a private island.

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