The Hub Minneapolis - 600 Washington Ave SE (284' - 26 Stories)
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- Foshay Tower
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Re: The Hub Minneapolis - 600 Washington Ave SE (284' - 26 Stories)
This street has some mass to it now for sure.
Hub apartments construction U of MN Minneapolis 9-11-17 by Matt Bappe, on Flickr
Hub apartments construction U of MN Minneapolis 9-11-17 by Matt Bappe, on Flickr
Re: The Hub Minneapolis - 600 Washington Ave SE (284' - 26 Stories)
I wish a few other projects would move forward as nicely as this one. I'm also looking forward to this clearing the skyline.
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- IDS Center
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Re: The Hub Minneapolis - 600 Washington Ave SE (284' - 26 Stories)
When it’s tall enough this should be seen from the Stone Arch bridge, right?
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Re: The Hub Minneapolis - 600 Washington Ave SE (284' - 26 Stories)
The next step for this stretch is the north side of the street. The area especially at the intersection with University, where you have a one-story strip mall with the Burger King et. al., is probably the only remaining major development opportunity on the street, but it's a good one for the right proposal. I think a development of WaHu scale at that location would really elevate this stretch from the good to the great when it comes to urban design. It would strongly frame Washington looking to the east, and provide a dramatic "gateway" effect when heading west.
I'm assuming that developers will be looking closely how quickly The Hub leases up, to gauge whether there continues to be strong demand in this area. If The Hub and other developments like The Rise do well, I can't see that strip mall site remaining untouched for long.
I'm assuming that developers will be looking closely how quickly The Hub leases up, to gauge whether there continues to be strong demand in this area. If The Hub and other developments like The Rise do well, I can't see that strip mall site remaining untouched for long.
Re: The Hub Minneapolis - 600 Washington Ave SE (284' - 26 Stories)
The U still has major plans for the block just east of the strip mall block adjacent to the light rail station... that block had a 22 story and an 11 story in the renderings... that is the motel block. I think those plans are still alive... This side of campus is so dramatically changed... I took a college friend thru there two weeks ago and he was shocked at all the changes since we went there in the early 80's. It is so dense and urban... it was a lot of surface lots...
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Re: The Hub Minneapolis - 600 Washington Ave SE (284' - 26 Stories)
Oh they're very much alive. I can't wait to see it come to fruition. People who haven't been to the city in the past 5 years are in for a shock.
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Re: The Hub Minneapolis - 600 Washington Ave SE (284' - 26 Stories)
The proposal on the motel block across from the Green Line Station was joint plan between United Properties and a U of M related entity correct? I can't remember hearing or seeing anything about that in what seems like a year at least. How are so sure they are alive Grant?
Re: The Hub Minneapolis - 600 Washington Ave SE (284' - 26 Stories)
Page 19 of this report from last week (thanks, MNdible!), mentions that final definition of the project is expected in 2017.
Joey Senkyr
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[email protected]
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- Block E
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Re: The Hub Minneapolis - 600 Washington Ave SE (284' - 26 Stories)
I'm in this area daily and despite that observing this construction is routine for me now, I'm still frequently amazed at how quickly this has gone up. They are at 21 stories now I believe, starting 22nd (?)
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Re: The Hub Minneapolis - 600 Washington Ave SE (284' - 26 Stories)
Floorplans are online with some "starting at" prices per person for different unit sizes: http://hubminneapolis.com/Floor-Plans
Some highlights (as much for me to reference back to if these prices get pulled from the site):
347 sqft Micro Studio: $1150
357 sqft Studio: $1310
403 sqft Studio Large: $1335
485-534 sqft 1BR/1BA: $1500
700 sqft 2BR/1BA: $1850
800 sqft 2BR/2BA: $2370 (one BR is big enough for 2 people to split, which is how they list this as $790/person)
1133 sqft 3BR/2BA Penthouse: $2955
1124 sqft 4BR/2BA: $3400
Some highlights (as much for me to reference back to if these prices get pulled from the site):
347 sqft Micro Studio: $1150
357 sqft Studio: $1310
403 sqft Studio Large: $1335
485-534 sqft 1BR/1BA: $1500
700 sqft 2BR/1BA: $1850
800 sqft 2BR/2BA: $2370 (one BR is big enough for 2 people to split, which is how they list this as $790/person)
1133 sqft 3BR/2BA Penthouse: $2955
1124 sqft 4BR/2BA: $3400
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- Wells Fargo Center
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Re: The Hub Minneapolis - 600 Washington Ave SE (284' - 26 Stories)
If they're charging $3.00 - 3.30/NSF, than there is definitely still not enough housing in this area. That's incredible.
Re: The Hub Minneapolis - 600 Washington Ave SE (284' - 26 Stories)
Not arguing your overall point, but it is a unique project in a unique location. A three story stick-built off of Como Avenue isn't going to be competing with this place on price.
Based on anecdotal data, I'll bet this place crushes it with the wealthy-parented foreign student population.
Based on anecdotal data, I'll bet this place crushes it with the wealthy-parented foreign student population.
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- Capella Tower
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Re: The Hub Minneapolis - 600 Washington Ave SE (284' - 26 Stories)
I'd really like a hard journalism take comparing monthly rent at:
- Concrete-built high rise with views and a pool, literally 18 steps from a LRT station
- UMN-owned apartment buildings
- Concrete block dorm rooms
- Non-profit co-op housing
- Concrete-built high rise with views and a pool, literally 18 steps from a LRT station
- UMN-owned apartment buildings
- Concrete block dorm rooms
- Non-profit co-op housing
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- Wells Fargo Center
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Re: The Hub Minneapolis - 600 Washington Ave SE (284' - 26 Stories)
Obviously the building's amenities, from the height to the location, are driving up the price. The unique, moral hazard-y, characteristics of the student rental market also play a role here.Not arguing your overall point, but it is a unique project in a unique location. A three story stick-built off of Como Avenue isn't going to be competing with this place on price.
Based on anecdotal data, I'll bet this place crushes it with the wealthy-parented foreign student population.
All the same, to make steel and concrete high rise construction work, your benchmark is in the neighborhood of $2.25/NSF. So if this building sells well for prices north of $3.00/NSF, then that suggests to me that there's still a lot of money sloshing around the upper end of the University rental market. The Burger King/Hong Kong Noodle lot would be a good future target for developers.
Of course, this could all change if we enter another recession or if the Republican federal tax bill lands really heavily on education.
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Re: The Hub Minneapolis - 600 Washington Ave SE (284' - 26 Stories)
Driving south on 35W you can see this clearly about at the same height as the Health Science tower.
Re: The Hub Minneapolis - 600 Washington Ave SE (284' - 26 Stories)
How far are they from topping this one out?
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Re: The Hub Minneapolis - 600 Washington Ave SE (284' - 26 Stories)
They are on the last floor
Re: The Hub Minneapolis - 600 Washington Ave SE (284' - 26 Stories)
So, pretty close?
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