Minneapolis Real Estate Blog - Kris Lindahl

The city of Minneapolis is making a strong pitch to developers to build up on the city’s north side neighborhoods by offering all sorts of incentives, which is an effort that the Star Tribune picked up just recently. 

As a part of Minneapolis that was among the worst hit during the recession, the recovery throughout much of the city’s north side hasn’t been quite as robust as in other parts of town, which of course is the primary motivation for the new plan-of-action. 

Officially rolled out back in February, the program will offer developers up to 75,000, and even individuals up to $25,000, for building a new house on one of the 400 to 500 vacant lots currently occupying the North Side, which is no small chunk of change. But with the city also

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Cove at Northwoods Park Homes For SaleAccording to recent reports, another D.R. Horton community could be coming to a development site near Target’s Brooklyn Park campus, which is sits only about a half hour from downtown Minneapolis. 

Being called Cove at Northwoods Park, D.R. Horton’s new community would encompass roughly 21-acres, and Landmark Development—the land developer behind the project—could begin ground and infrastructure work as early as June should the project pass through the approval process. 

The name of the new community is derived from its eventual location along the east side of Northwoods Park, which is a fairly large public park facility that features soccer fields, baseball and softball fields, a playground, and a picnic pavilion. 

If approved, Cove at

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Harvester Lofts For SaleThe Harvester Lofts building in downtown Minneapolis is one of the city’s coolest loft conversions. Originally built back in 1916, the old warehouse that sits at 618 Washington Avenue was only recently transformed into chic and stylish living spaces, making it one of the most sought after loft or condo buildings in all of Minneapolis. 

Inside, lofts for sale at The Harvester Lofts feature all the classic finishes you’d expect from an authentic warehouse loft conversion, which including huge open layouts, high concrete ceilings, gorgeous hardwood flooring and polished concrete in the main living areas, and even oversized concrete columns in select units. For added desirability, each residence is also equipped with a nicely sized private balcony, which

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Minneapolis Homes For Sale With Over 10,000 Square Feet When it comes to buying a luxury home in Minneapolis, there are usually plenty of highly desirable and highly attractive options to consider that feature high-end finishes, plenty of living space, and a location that won’t disappoint. 

But along with all the different listings that start around $500,000 or so, luxury home buyers might also see a few properties on the market that are, should we say, over-the-top. 

Homes with six to seven bedrooms, seven to nine bathrooms, and over 10,000 square feet certainly aren’t commonplace around the Minneapolis area, but that certainly doesn’t mean they don’t exist. And unlike in many coastal cities like Los Angeles, San Francisco, New York, or Seattle, where home prices are out of this world, you also get a

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Twin Cities New DevelopmentDevelopment is widespread all over the Twin Cities area right now, and it’s something that is especially evident when you can see it all unfolding on a map. 

Just this month alone, developers have proposed several new large-scale developments for the Minneapolis-St. Paul area, including a massive 26-story apartment tower and another luxury hotel-condo combo development that’s being planned for the North Loop. 

With so much construction transforming the Twin Cities metro area, it’s becoming harder and harder to keep up with that’s going on, which is why Business Journal just recently launched a pretty cool new tool they’re calling ‘Crane Watch.’

An interactive map that tracks ongoing and future development all over the Twin Cities, Crane Watch

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Downtown Minneapolis CondosWith condo inventory down throughout much of Downtown Minneapolis, an investment group is currently planning to develop a new 8-story hotel and condo building that could potentially include up to 125 luxury hotel rooms and 70 high-end condominium residences. 

According to multiple reports, the investment group, which is headed by Howard Bergerud, has already acquired the building site, which is almost entirely used as a surface parking lot and located along First Street North not far from the Federal Reserve Bank of Minneapolis.  

Along with the hotel rooms and condo residences, plans also involve three levels of underground parking, as well as restaurant and retail space that would mostly occupy the building’s ground level. 

The reported

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Job growth is no doubt one of the key elements in what’s boosting the Minneapolis housing market right now and no industry is adding jobs to the state of Minnesota quite like tech. 

According to recently released data from CompTIA, Minnesota added an estimated 2,226 new technology jobs in 2016, brining the state’s overall total number of workings in the technology industry to roughly 140,970. 

The recent spike in tech jobs added to the Minnesota economy now ranks the state 17th among the 50 states in terms of tech-related employment, and that ranking is expected to get even better as the local tech sector here in the Twin Cities area and throughout the state continues to expand. 

Also noted in CompTIA’s findings is that technology accounts for

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Known for being the largest link in Minneapolis’ famous Chain of Lakes, Lake Calhoun is truly one of the city’s defining characteristics. Almost entirely surrounded by park land that’s managed by the city, anyone who lives nearby has easy and direct access to miles of walking trails, bike paths, beaches, picnic areas, and countless other outdoor recreational amenities that help make Minneapolis a fabulous place to call home all year long if you’re someone who loves to get outside and stay active. 

Located just southwest of Downtown Minneapolis and part of the Calhoun-Isles neighborhood, living near Lake Calhoun also means enjoying some pretty stunning views of the water, especially if you live inside one of the many mid-rise condo buildings that

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If you live or work around Downtown Minneapolis, it appears you’ll have yet another place to choose from when grabbing lunch or dinner, especially if you’re situated near Nicollet Mall. 

According to reports, a beer-centric restaurant dubbed HopCat will be making its debut this summer inside a street level space of the Nic on Fifth luxury apartment complex. 

As noted in the released, HopCat will feature at least 100 different beers on tap, which will include over 30 beers from craft breweries here in Minnesota. 

With roughly 5,500 square feet of space, HopCat will be large enough to hold about 240 seats, but will also feature an additional 100 seat outdoor patio in the summer. 

The food menu at HopCat will be a traditional pub-style menu and

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The good news for Twin Cities home buyers looking for new construction is that the number of permits issued last month was on the rise. The bad news, however—the number of available new construction homes throughout the area is still low. 

According to new data from the Builders Association of the Twin Cities, 339 new permits were issued in February, which will combine to bring 717 residential units to the area, mostly consisting of single-family homes and luxury apartment residences. 

Compared to this time last year, that’s actually a 93% increase in permits issued, and an 18% increase in the number of units being planned overall. And in case you were wondering, 54% of those planned 717 units are multifamily or attached units, while the remaining

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