Despite some resistance from nearby residents, the Minneapolis Heritage Preservation Commission approved a new mixed-use development in the North Loop that will feature office space, a parking garage, and 44 micro apartments that will offer around 400 square feet each.
Being developed by United Properties, the new development will stand 10 stories high and wrap around a separate seven-level parking garage, which will all be built on what’s currently nothing more than a surface parking lot at 729 Washington Avenue and 728 N. Third Street.
Ground-level retail space is also expected to be a part of the project, and as of this part fall, a rooftop deck for anybody living in the building has also been added to the final design.
According to reports, some neighbors of the North Loop had originally opposed the project entirely, citing its design fails to meet historic guidelines set for this part of downtown Minneapolis. But with this latest approval from both the city and from the Minneapolis Heritage Preservation Commission, it appears 728 N. Washington will finally be moving forward.
An initial release about the building estimated a construction cost of around $70 million.