[MPLS_Const_Watch]

Minneapolis sets new record for construction valuation in 2019 at $2.1 billion: https://www.bizjournals.com/twinciti..._news_headline

The construction boom in Minneapolis has reached an all-time high-water mark thanks in large part to a thriving downtown.

The city issued $2.1 billion in building permits for 2019, which is the most it’s ever issued. The total value even surpassed 2014, when the construction of U.S. Bank Stadium pushed the number to $2 billion.

Downtown Minneapolis residential population surpasses 50,000 for first time: http://www.startribune.com/minneapol...000/567805612/

More than 51,000 people now live in downtown Minneapolis, according to the latest statistics presented by the Minneapolis Downtown Council during its annual meeting Wednesday.

The region nearly reached the 50,000 mark last year, thanks to residents moving into new apartments cropping up in downtown neighborhoods.

The population has surged in recent years, with 10,400 people moving into the area since 2017, according to the business association. In all, the population has risen 60% since 2006.

The boom is evident in the skyscrapers continually rising downtown. More than half of the $2.1 billion in permits issued in the city came from the wards that encapsulate downtown. Currently, 2,500 rental apartments are under construction.