Stevens Square lofts selling like hotcakes

Brighton Development hasn’t broken ground yet for new owner-occupied lofts in the Stevens Square neighborhood, but more than 70 percent of the units are already committed, said Doug Kress, executive director of the Stevens Square Community Organization.

Workers should begin clearing the land on the east side of the 1800 block of 3rd Avenue South (Avenue of the Arts) in July and break ground in late August, Kress said. Buyers have made reservations on 26 of the 36 units. The target move-in date is June 2003.

The project aimed in part to give residents home-ownership opportunities in Stevens Square, a predominantly rental neighborhood. The neighborhood boundaries are Franklin Avenue, Hennepin Avenue, I-94 and I-35W. According to the 2000 census, it had 2,433 rental units compared to 190 owner-occupied units.

Neighborhood residents have nine of the 26 reservations, Kress said. Others with reservations include former residents who are moving back.

Remaining units range from a one-bedroom-plus-den to a two-plus bedroom unit. Prices range from $150,000 to $265,000. For more information, call SSCO at 871-7307.