Flour Exchange Building - Residential Conversion

[Bakken2016]

Affordable housing owner and developer Trellis Co. plans to build 110 units of affordable and mixed-income housing at the historic Flour Exchange Building in downtown Minneapolis.

https://www.bizjournals.com/twincities/ ... YX9be0gMwg


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[Wezle]

Exciting news! I've been really thrilled with the number of conversions we've been seeing out of downtown. It's not a silver bullet for the downtown woes, but adding more residents, increasing tax base, and reducing office vacancy is about as close to one as you can get.

[BikesOnFilm]

You can definitely see the difference in activity and retail between Washington and Nicollet at this point. One has residential and there are businesses and restaurants populating the ground floor parcels from 35W to the North Loop. The other does not, and it's a ghost town.

110 units may not move the needle alone, but it adds to the total.

[rhettcarlson]

Comparing Washington and Nicollet in a vacuum is a great little experiment. Take total number of businesses fronting the streets, add up their operating hours, divide by the number of blocks and get kind of a "vitality score". Could compare with number of resi units within a block of each avenue.

[angrysuburbanite]

I feel like downtown activity has mostly followed newer development. This is a comparison of Washington Avenue from 2011 and a picture I got earlier today; the difference is staggering! At this point Washington has become sort of an urban canyon with more or less continuous street frontage for about 2 miles. Most of the foot traffic is migrating north where people live and restaurants and stores are, and the core of downtown is only really active during office hours and select events. The intersection of Hennepin and Washington is kind of the nexus of the new activity at least from my observations. But if I were showing off downtown to a tourist on the weekend, I'd choose to mostly stay out of the main core since it is still really bleak there.