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Old Posted Nov 25, 2014, 7:02 AM
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Chef Chef is offline
Paradise Island
 
Join Date: Jan 2006
Location: Minneapolis
Posts: 2,444
Quote:
Originally Posted by mhays View Post
Wierd geometries get very expensive, and the expense typically doesn't translate to higher rents.

Further, the public doesn't like "futuristic, stylish stuff" stuff anywhere near as much as Dwell readers do.
In Minneapolis, futuristic apartment architecture is being driven by the fact that vacancies are low but rents for regular apartments are still well below construction costs. Very few people here are willing to pay $1200 a month for a regular 1br, but a luxury 1br for $1500 to $2000 is more likely to rent. Developers here know they have to swing for the fences if they want their buildings to fill. Very little is being built for the middle class right now, while everybody is falling all over themselves to try to build the most high end building in the city. It will be interesting to see how this ends.

Some of the more recent competitors in the high end sweepstakes. Locally, the biggest complaint about these buildings is that they are boring and cookie cutter:

Vue

mplsmay201303 by afsmps, on Flickr

mplsmay201304 by afsmps, on Flickr

Dock Street Flats

mplsmay201430 by afsmps, on Flickr

mplsmay201429 by afsmps, on Flickr

Brunsfield Place

mplsmay201420 by afsmps, on Flickr

mplsmay201423 by afsmps, on Flickr

Third North

mplsmay201419 by afsmps, on Flickr

The Nic on Fifth

mplssept201432 by afsmps, on Flickr

222 Hennepin

mplsmay201405 by afsmps, on Flickr

mplsmay201408 by afsmps, on Flickr

Flux


mplssept201244 by afsmps, on Flickr

The Walkway

mplsjuly201431 by afsmps, on Flickr

mplsjuly201430b by afsmps, on Flickr

Elan Phase One

mplsjuly201433 by afsmps, on Flickr

Lime

mplssept201414 by afsmps, on Flickr

mplssept201415 by afsmps, on Flickr

1386 La Salle

Untitled by Mantanuska

Some of what is under construction:









The Downtown East complex of projects with office, residential, a park and the new Vikings stadium is also under construction:



These are apartments for students around the U:


mplsoct201244 by afsmps, on Flickr

mplssept201434 by afsmps, on Flickr

mplssept201437 by afsmps, on Flickr

mplssept201435 by afsmps, on Flickr

mplssept201445 by afsmps, on Flickr




Last edited by Chef; Nov 25, 2014 at 7:45 AM.
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