200 Central (2019) - 293' / 27 Stories

Northeast, Near North, Camden, Old St. Anthony, University and surrounding neighborhoods
Silophant
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Re: 200 Central (2019) - 293' / 27 Stories

Postby Silophant » January 6th, 2021, 9:06 pm

Continued to the Jan. 25th meeting, but here's the abbreviated packet anyway.
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alexschief
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Re: 200 Central (2019) - 293' / 27 Stories

Postby alexschief » January 7th, 2021, 8:06 am

360 units, 222 parking spaces, you love to see it.

MNdible
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Re: 200 Central (2019) - 293' / 27 Stories

Postby MNdible » January 7th, 2021, 4:47 pm

I mean, it's literally next door to a big parking ramp.

seanrichardryan
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Re: 200 Central (2019) - 293' / 27 Stories

Postby seanrichardryan » January 7th, 2021, 5:27 pm

Which hasn't been near capacity since 1989.
Q. What, what? A. In da butt.

Minneboy
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Re: 200 Central (2019) - 293' / 27 Stories

Postby Minneboy » January 7th, 2021, 6:55 pm

Good news.

go4guy
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Re: 200 Central (2019) - 293' / 27 Stories

Postby go4guy » January 8th, 2021, 12:50 pm

I mean, it's literally next door to a big parking ramp.
True, but that is a 30 year old parking ramp they don't own and can't control the costs of. What kind of selling point is that? "We have no parking, but there is a parking ramp next door. We cannot tell you how much parking will cost, or that the ramp will even be there in a year". If you are going to build a project, you are going to build adequate parking for your tenants.

MNdible
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Re: 200 Central (2019) - 293' / 27 Stories

Postby MNdible » January 8th, 2021, 4:01 pm

I mean, who can see the future? Every other post on this forum suggests that Minneapolis will have eliminated cars by 2040, so problem apparently solved.

But seriously, if the developer thinks they'll have more demand for parking spaces than they're building, they can very easily negotiate a long term parking contract with the ramp next door. And if you're not using your car daily, as I suspect will be true for a significant fraction of the residents, it might be attractive for those renters to pay a lower monthly parking fee for a mildly less convenient parking option.

bubzki2
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Re: 200 Central (2019) - 293' / 27 Stories

Postby bubzki2 » January 8th, 2021, 4:28 pm

Market forces should naturally allow for allocation of parking and prices according to needs and demands. Yes, the ramp next door might come down someday, but there's always somewhere else to park. Might be a bit farther away and more expensive, but that is exactly how we ween off our SOV addiction in the long run.

alexschief
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Re: 200 Central (2019) - 293' / 27 Stories

Postby alexschief » January 20th, 2021, 11:14 am

This is at the Planning Commission now. No changes from the CoW.

Along with the 240 Portland development, a big week for long-suffering short towers. Wonder if they'll actually get built this time.

grant1simons2
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Re: 200 Central (2019) - 293' / 27 Stories

Postby grant1simons2 » February 1st, 2023, 9:41 am

It's baaaaaack
Screenshot 2023-02-01 093925.jpg

Silophant
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Re: 200 Central (2019) - 293' / 27 Stories

Postby Silophant » February 1st, 2023, 9:47 am

Lol at those two projects getting equal billing.
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TroyGBiv
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Re: 200 Central (2019) - 293' / 27 Stories

Postby TroyGBiv » February 3rd, 2023, 5:45 pm

I hope this finally moves forward!

Silophant
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Re: 200 Central (2019) - 293' / 27 Stories

Postby Silophant » February 6th, 2023, 7:37 pm

The MHNA agenda is up, with a link to a collection of renderings that appear to be unchanged from the CPC presentation from two years ago. Apparently 20% of the units will be affordable at 60% AMI, and an additional 30% will be affordable at 80% AMI, which I think is new, though.
Joey Senkyr
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MNdible
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Re: 200 Central (2019) - 293' / 27 Stories

Postby MNdible » February 7th, 2023, 10:47 am

Yeah, they're apparently planning to access the city's Inclusionary Zoning TIF money to fund the project, which requires meeting higher levels of affordability.

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Nathan
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Re: 200 Central (2019) - 293' / 27 Stories

Postby Nathan » February 7th, 2023, 11:26 am

The design has changed, it has lost the slight inward angle of the exterior walls. Not a major change, but it has lost some dynamics. The slight angle would have provided some interesting light play to an otherwise very static box.

twincitizen
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Re: 200 Central (2019) - 293' / 27 Stories

Postby twincitizen » February 8th, 2023, 10:31 am

Is the developer still Alatus? IIRC from a couple years ago after this switched to rentals and lost some height, it was going to be a different developer leading the project.

nordeast homer
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Re: 200 Central (2019) - 293' / 27 Stories

Postby nordeast homer » February 8th, 2023, 1:49 pm

CA Ventures took this one over from Alatus.

John21
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Re: 200 Central (2019) - 293' / 27 Stories

Postby John21 » February 8th, 2023, 3:12 pm

I remember a friend of mine telling me Alatus was selling this project and the one by the convention center. Wonder what happened to that one? I liked both.

directorCBO
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Re: 200 Central (2019) - 293' / 27 Stories

Postby directorCBO » February 8th, 2023, 10:36 pm

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.

nordeast homer
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Re: 200 Central (2019) - 293' / 27 Stories

Postby nordeast homer » February 9th, 2023, 11:00 am

Really?! Wow! I hope they can make it happen this time.


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