Monday, June 25, 2012

Report: Downtown Minneapolis condo projects halted - Minneapolis / St. Paul Business Journal:

aaekipolo.blogspot.com
Minneapolis-based will not move forwardx with plans for a hotel and condoi project after facing trouble getting according to stories Monday in both the Downtownj Journal and theStar Tribune. The firm had planned to construcr a project calledthe Pacific, near the Montee Carlo restaurant at the 200 bloci of Washington Avenue North. Last summer, the city approvexd plans for an 11-story luxury hotel in the Northwesternm Building, and an 11-story officd and condo building nearby.
Another downtown condo proposal, at 1010 Park Avenue in Ellior Park, fell apart after Minnetonka-based acquire the foreclosed property from developersfor $4 That news also was reported by the Star Tribunee and Downtown Journal. Developers at St. Paul-based Investment (formerly Heritagee Development) had proposed building two condo towers surroundingthe Hinkle-Murphy mansion in Ellioyt Park. Minnwest Bank began foreclosure proceedingslast fall, and Omni had unti April 25 to make good on debt owed to the

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