LPM Apartments - (376' - 36 Stories)

Downtown - North Loop - Mill District - Elliot Park - Loring Park
bubzki2
US Bank Plaza
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Location: Snelling-Hamline

Re: LPM Apartments - (376' - 36 Stories)

Postby bubzki2 » February 19th, 2014, 9:09 am

I presume the tower glass progress has been slow lately due to the cold, but they just appear to have finished the SW corner's cladding.

https://www.dropbox.com/s/u2yw09da311x6 ... 285%29.JPG

https://www.dropbox.com/s/9qogxhuz5a28t ... 286%29.JPG

John
Capella Tower
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Joined: May 31st, 2012, 2:06 pm

Re: LPM Apartments - (376' - 36 Stories)

Postby John » February 28th, 2014, 11:04 am

Magellan has set up a leasing space for LPM apartments on the first floor of the IDS Crystal Court. In a hurry couldn't take a photo of it, but it looked open if anybody is interested in checking it out.

sfobob
Block E
Posts: 1
Joined: December 7th, 2013, 11:52 am

Re: LPM Apartments - (376' - 36 Stories)

Postby sfobob » February 28th, 2014, 2:02 pm

Website is up with floor plans and pricing:
http://www.rentlpm.com

Flodisco
Block E
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Joined: November 30th, 2013, 8:11 am

Re: LPM Apartments - (376' - 36 Stories)

Postby Flodisco » February 28th, 2014, 2:13 pm

Longtime lurker here.

The website has been updated to include floor plans & pricing! I just got an email about the Crystal Court leasing center being open. Looks like the cheapest unit they have is a studio at $1611/month and the most expensive 3br penthouse at $4852. Looks like I won't be moving here anytime soon...

bubzki2
US Bank Plaza
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Joined: September 19th, 2012, 5:38 pm
Location: Snelling-Hamline

Re: LPM Apartments - (376' - 36 Stories)

Postby bubzki2 » February 28th, 2014, 2:23 pm

http://www.rentlpm.com now online. Includes prices and floorplans.

Edit: Sorry, page didn't show previous postings.
Last edited by bubzki2 on February 28th, 2014, 2:58 pm, edited 1 time in total.

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TommyT
Target Field
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Re: LPM Apartments - (376' - 36 Stories)

Postby TommyT » February 28th, 2014, 2:39 pm

I'm a little surprised that the 3 bedroom penthouse for $4852.00 doesn't have a balcony off the master.

NickP
Rice Park
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Joined: June 4th, 2012, 5:00 pm

Re: LPM Apartments - (376' - 36 Stories)

Postby NickP » February 28th, 2014, 3:59 pm

Welcome Flodisco :)

talindsay
Wells Fargo Center
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Re: LPM Apartments - (376' - 36 Stories)

Postby talindsay » February 28th, 2014, 6:42 pm

Wow that's some high rent.

skyrab

Re: LPM Apartments - (376' - 36 Stories)

Postby skyrab » February 28th, 2014, 6:55 pm

Wow that's some high rent.
Yeah, I think room-mates are in order, talk about the need for cars if they don't work downtown (Eclipse thread can you hear me, just kidding) :lol:

City slicker

Re: LPM Apartments - (376' - 36 Stories)

Postby City slicker » February 28th, 2014, 11:15 pm

You could buy a new car with 4 months rent.

City slicker

Re: LPM Apartments - (376' - 36 Stories)

Postby City slicker » March 1st, 2014, 12:05 am

Btw, the top floor at One57 in NYC is going for 98million I believe. Of course it's 700 feet higher up and it's NYC.

bubzki2
US Bank Plaza
Posts: 751
Joined: September 19th, 2012, 5:38 pm
Location: Snelling-Hamline

Re: LPM Apartments - (376' - 36 Stories)

Postby bubzki2 » March 1st, 2014, 11:01 am

You could buy a new car with 4 months rent.
Thankfully you won't need to since you can stroll to work without driving.

bapster2006
Foshay Tower
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Joined: November 17th, 2012, 6:53 pm

Re: LPM Apartments - (376' - 36 Stories)

Postby bapster2006 » March 1st, 2014, 11:02 am

Image
LPM 3-1-14 by bapster2006, on Flickr

ndokken
City Center
Posts: 27
Joined: August 20th, 2013, 12:27 pm

Re: LPM Apartments - (376' - 36 Stories)

Postby ndokken » March 4th, 2014, 1:49 pm

I already knew the rent prices were going to be high, but when a 1 bedroom is starting at $1600...yeah I don't think so.

mamundsen
Wells Fargo Center
Posts: 1128
Joined: November 15th, 2012, 10:01 am

Re: LPM Apartments - (376' - 36 Stories)

Postby mamundsen » March 4th, 2014, 2:04 pm

I saw it in another thread... Magellan reported 700 applicants/interests for this 353 unit building. Wow! Yeah, I'd say there is some pent up demand for a (few) new residential tower(s).

Silophant
Moderator
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Re: LPM Apartments - (376' - 36 Stories)

Postby Silophant » March 4th, 2014, 2:51 pm

Wow. I'd be interested to see Opus's results for the Nic, to see the relative demand for being on the north side of downtown vs. the south. Or, I guess, the relative demand for living in a prettier, taller building.

Pip

Re: LPM Apartments - (376' - 36 Stories)

Postby Pip » March 5th, 2014, 10:50 pm

I signed up for the "VIP" thing on the LPM web site and they just called me today. They mentioned their leasing office was open. As strong as demand is, with these prices, I'm wondering if they will have any specials... throw in free parking or first month free or something. I was strongly considering moving to LPM but I just can't justify these prices. I'm kind of thinking once they get an idea of what actual demand is, they might start having move-in specials. Filling the apartments quickly is a bigger priority than getting top dollar for them. The difference can be made up.

John
Capella Tower
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Joined: May 31st, 2012, 2:06 pm

Re: LPM Apartments - (376' - 36 Stories)

Postby John » March 6th, 2014, 11:33 am

Wow. I'd be interested to see Opus's results for the Nic, to see the relative demand for being on the north side of downtown vs. the south. Or, I guess, the relative demand for living in a prettier, taller building.
My guess is Nic on Fifth will attract many people who travel a lot and want convenient access to the airport via LRT. LPM probably will be home to quite a few affluent people who have relocated here ( for whatever reason) and previously lived the high rise urban life in other very large cities. Also, I think LPM will have a fair amount of empty nesters who live in Minneapolis part time and head south for the winter.

struct100
Block E
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Joined: October 18th, 2013, 12:32 pm

Re: LPM Apartments - (376' - 36 Stories)

Postby struct100 » March 6th, 2014, 12:23 pm

The rent here isn't that outrageous compared to the other recent luxury apartment projects around town. Units here look like they run about $2.30-$2.50/sqft (including the 3 bed penthouse), which is comparable to the Soo Line Building. Nic on 5th starts at around $2.50/sqft. Recent 6-story wood buildings are about $2.10-$2.30/sqft.

Not that it isn't expensive (it is luxury), but it's not outside current market prices.

mnmike
Wells Fargo Center
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Re: LPM Apartments - (376' - 36 Stories)

Postby mnmike » March 7th, 2014, 1:35 pm

Sooo, it looks to me(while driving by, and looking at the webcam) that the top concrete floor is part mechanical and a bit taller...will this be the floor with the frosted glass? If so, I don't like that they are leaving that rooftop mechanical sticking out like a sore thumb. I was hoping it would be covered.


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