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Minneapolis condo tower moves forward after two years of legal delays

ESG Architects
A rendering of the condo tower planned for 200 Central Ave. S.E.

After two years of legal wrangling, Minneapolis-based Alatus LLC can move forward with its development of a 40-story condo tower across the river from downtown Minneapolis. Alatus secured city approvals for the project at 200 Central Avenue SE in 2016, but the Neighbors for East Bank Livability group objected to the towering scale of the proposed building and sued the city and the developer to block it.

Neighbors for East Bank Livability argued that the city’s decision to approve a variance and conditional-use permit for the condo tower was inconsistent with the city’s comprehensive plan. Alatus and the city prevailed at both the district court and state appellate court levels. Last week the Minnesota Supreme Court declined to review the case, clearing the way for Alatus to move ahead.

Chris Osmundson, director of development for Alatus, said that construction will start sometime during the first half of 2019. The project will take two years to build and is slated to open in the first half of 2021. That will be seven years after Alatus first floated conceptual plans in 2014.

“The character and the essence of the building is still what was approved,” says Osmundson.

The tower will feature 214 condo units with prices ranging from $375,000 to more than $3.5 million. Alatus will announce the name of the project in early October. The site was previously home to a Washburn-McReavy Funeral Home and the St. Anthony Athletic Club. Alatus paid approximately $3.4 million to acquire the parcels in 2015, Osmundson said.

In the current multifamily building boom in Minneapolis, condos have been scarce: Most new units are rental apartments. Osmundson said that the delay has not hurt the potential demand for condo sales.

Twin Cities Business“The condo market has really only strengthened in the last year-and-a-half,” he said.

Alatus principal Bob Lux was part of the development team for both Grant Park and The Carlyle in downtown Minneapolis, two defining projects during the condo boom of 2004 to 2007.

This article is reprinted in partnership with Twin Cities Business.

Comments (3)

  1. Submitted by Paul Udstrand on 08/22/2018 - 11:34 am.

    God that thing is going to be ugly

    The 70’s called, they want their glass building back. Can we at least finally put to rest this common complaint that developers can’t get anything built in MPLS because of neighborhood opposition?

    • Submitted by Pat Terry on 08/22/2018 - 07:20 pm.

      Did you read the article?

      It took two years legal wrangling to get this project approved. Every new building requires a (usually frivolous) legal fight with neighborhood groups to get approved. Why would the complaint be laid to rest?

  2. Submitted by Scott Stansbarger on 08/23/2018 - 07:18 am.

    Beautiful Building

    This is going to be a great thing for that neighborhood. The NIMBY’s are clueless regarding what this building will do for their property taxes and all of the positives for the neighborhood.

    Great addition to not only the neighborhood but for the city!

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