Quote:
Originally Posted by mhays
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.
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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
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afsmps, on Flickr
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Dock Street Flats
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afsmps, on Flickr
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Brunsfield Place
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Third North
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The Nic on Fifth
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222 Hennepin
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afsmps, on Flickr
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afsmps, on Flickr
Flux
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afsmps, on Flickr
The Walkway
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Elan Phase One
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afsmps, on Flickr
Lime
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afsmps, on Flickr
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afsmps, on Flickr
1386 La Salle
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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:
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afsmps, on Flickr
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afsmps, on Flickr