A 15-story condo project near the Gurthrie is moving forward

An extended-planned apartment growth subsequent to the Guthrie Theater in Minneapolis is lastly transferring ahead.

What’s occurring: The event workforce, led by Los Angeles-based AECOM, has a deal in place with town to purchase a bit of land at 800 Washington Ave. S., the place it’s planning a 15-story, 284-unit apartment undertaking with area for a restaurant on the bottom flooring.

Why it issues: Whereas growth has remained robust in Minneapolis, nearly all the new buildings have been leases. For-sale condos are rather more uncommon, however present a possibility for folks to personal their property and construct wealth.

• And this undertaking could have 30 reasonably priced items — for these incomes 70% of the realm’s median earnings.

Sure, however: Earlier iterations had a way more grandiose design with “pocket gardens.”

Of notice: AECOM beat out three different builders for rights to the land, however had hassle financing a undertaking over the previous 4 years.

What to observe: A subcommittee of the Minneapolis Planning Fee will evaluate a $3.2 million land sale to AECOM on Thursday.

• If accepted, town anticipates promoting the land in late summer time or early fall, with building beginning within the fall.
• AECOM and others from the undertaking workforce couldn’t be reached for remark.