Lander Group has dropped its plans to build a 40-condominium building at 38th Street and Nicollet Avenue.
The company was going to demolish one of two two-story buildings on the corner to build the complex, said Chris Kennelly, director of development for Lander Group. The condos were to be part of a mixed-use development planned to include 10,000 -15,000 square feet of commercial space.
Lander Group now plans to keep both buildings intact and prepare each of them for commercial use, Kennelly said. The finished product should have 37,000 square feet of space. A nearby parking lot will also remain as it is. No underground parking will be created.
Buyer interest in commercial space and a saturated condo market brought about the design change, Kennelly said.
“Generally, the condo market right now is tough,” he said.
The buildings will still be fully redeveloped, “in Lander style,” he said, and the company has been in contact with prospective buyers.
New plans for the development should be finalized by mid- to late summer, Kennelly said.
He planned to attend the Kingfield Neighborhood Association meeting last week to discuss the new design.
“We're definitely getting things done there, said Kennelly, “It's just taking a different shape.”
Lander Group has been involved in urban development since 1984. Its main office is located at 3503 Hennepin Ave. S.
For more information on the 38th Street and Nicollet development, go to www.landergroup.com.
Lumen on Lagoon breaks ground
Soil removal has begun at Lagoon and Emerson Avenues, the site where a five-story, mixed use building called Lumen on Lagoon will soon be constructed.
CAG Development and the Ackerberg Group are heading up the project, which will include 11,000 square feet of office and commercial space on the first floor and 44 condos on the four upper floors.
“People are truly going to start seeing change in Uptown,” said Clark Gassen, president of CAG Development.
The condos range in size from 950 square feet to 1,450 square feet and are priced from about $275,000 to $450,000.
The development's design will be attractive, contemporary, urban and hip, incorporating a lot of glass, Ackerberg said. An underground parking garage is also part of the project.
Greco proposes Uptown Hotel
Greco Real Estate Development has proposed building a 100-room hotel as part of its 3.6 acre mixed-use Lyn-Lake project.
Greco is talking to several interested hotel operators about the possibility, said Project Manager Brent Rogers. If a hotel is not built, the site could be used for office space, adding to the 65,000 square feet of office room already planned, Rogers said.
The development will also include 30,000 feet of retail space, two levels of underground parking and 300 residential units. Half of the units will be for sale, the other half will be available for rent, Rogers said.
Rogers said he expects the development to be underway by Sept. 1. The first order of business will be moving VFW Post 246, at 29th Street and Lyndale, to a neighboring lot, he said. Some other area businesses will also be moved, but the Herkimer Pub & Brewery at 2922 Lyndale Ave. S. will stay where it is.