Alatus is still the sponsor - CA Ventures / CRG are no longer involved.
The building is 20% of units @ 50% AMI (rent and income), 30% at 80% AMI (rent and income), and the remainder is market-rate.
Search found 3 matches
- February 8th, 2023, 10:36 pm
- Forum: Minneapolis - North, Northeast, and Southeast / University of Minnesota
- Topic: 200 Central (2019) - 293' / 27 Stories
- Replies: 72
- Views: 91446
- November 6th, 2021, 3:44 pm
- Forum: Saint Paul
- Topic: Alatus Development - 411-417 Lexington Pkwy (MNDOT Snowpile site)
- Replies: 51
- Views: 40644
Re: Alatus Development - 411-417 Lexington Pkwy (MNDOT Snowpile site)
Wow - tough crowd. Project is closing 11/29/2021 - so long as our debt and equity doesn't back out post-Rent Control... With the as-right entitlements that ended up being VERY at risk, we didn't risk proceeding with architectural drawings (~$500k) until after the veto - so that delayed us by about t...
- February 4th, 2021, 8:49 am
- Forum: Saint Paul
- Topic: Alatus Development - 411-417 Lexington Pkwy (MNDOT Snowpile site)
- Replies: 51
- Views: 40644
Re: Alatus Development - 411-417 Lexington Pkwy (MNDOT Snowpile site)
Hey everybody - I'm the Director of Development with Alatus. As you may know, this project is making it's way through the Planning Commission, and most likely City Council eventually, as we speak. The project will be on the Planning Commission agenda on February 5th as it was technically continued a...