Look, Minneapolis can argue all day if Uptown is dead, but one thing is for sure; this little residential plot near Midtown Greenway is cursed like.
Welcome to 2841 Hennepin Ave. S., where dreams of eating are going to die. More recently, piggy Bank, which, after only a year, closed the store with a little more account than a note on the door. Before that, there’s Lotus. Game Sports Bar. Salsa – the angels Salsa. The bone yard. Old Chicago
Six tenants in so many years, and they’ve all bitten the dust. Their spectra hang the assets of a now-vacant ground.
Stuart Chazin, who had owned the place to eat since 2010, told the SouthWest Journal that he abandoned the concept of creating a place to eat there in December. They just don’t make enough cash in Uptown to pay the rent they have to collect, he said, taxes on assets would have been about $95,500 in 2019.
The number of suburban consumers has declined, he said, complaining of traffic and parking issues, and the belief that the domain is unsafe. If this position is cursed, it’s as cursed as the rest of Uptown.
Now there’s a new party eying the property, and they have no interest in trying to entice diners back to this particular Bermuda Triangle. A developer, Trilogy Real Estate Group, wants to build a seven-story, 150-unit apartment building there, ranging from studios to two-bedrooms.
The plans also come with two retail storefronts along Hennepin Avenue and a hundred parking lots in the basement. Representations from the outside resemble that giant steel look with panels that we’re very familiar with in other parts of Uptown. (Project proposals describe it as “contemporary” and “sophisticated but sober”).
“The revitalization of the corner of Hennepin and Greenway will create a power center and easy to use, improving the site’s existing situations,” the survey says. “On the most sensitive floor, the building includes an indoor meeting room and an outdoor terrace that allows citizens to enjoy the comforts and perspectives of the downtown lakes and the most sensitive roof terraces.
A rising exchange, the communiqué to the neighborhood, of the “vacant plot and the ruined building” lately in place.
Trilogy didn’t respond to interview requests, and the overview didn’t include how much on average these units will cost to rent. A statement from the company to the neighborhood association said “project pricing has not been determined at this time,” but that “it will be in line with comparable rental properties in the neighborhood.”
The new building would also be taller than what the current zoning requirements allow (four stories). Trilogy’s seeking a conditional use permit.
“Can we stop with these overpriced developments that sit half vacant because no one can afford them?” one commenter asked. “No one needs another five-story condo building with ‘affordable retail space on street level’ building. Get out of here.”
Others were involved about the density and increased need for parking, which could further quell the residential area and frustrate the remaining buyers and consumers, not to mention that it will have an effect on nearby centres for pedestrian travel and public transport.
The proposal is the Committee of the Whole of the Minneapolis Planning Committee today, 9 July.
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