urbanMSP

My wife and I had been looking at this as possible place to move to, according to one of the reps the retail on 1st & Hennepin will feature a Starbucks Reserve that serves beer/wine, the other open spot on 2nd & Hennepin will be a dentist's office.

Cool! Never been to a Starbucks Reserve, curious to try that out. Also, to me, I would think that those two tenants would be flipped. 2nd and Hennepin is a lot more tied into the neighborhood.

Yeah, but 1st Street has developed into the stronger restaurant and retail corridor.

It's weird to me that a dentist would pay ground floor retail prices.

Yeah, but 1st Street has developed into the stronger restaurant and retail corridor.

It's weird to me that a dentist would pay ground floor retail prices.

1) Dentists make a lot of money

2) Medical professionals are infamous for their horrible financial acumen.

The townhomes look complete. They were putting finishing touches on the railings this morning. When is the move in date?

Cool! Never been to a Starbucks Reserve, curious to try that out. Also, to me, I would think that those two tenants would be flipped. 2nd and Hennepin is a lot more tied into the neighborhood.

My guess is they want the visibility from traffic coming into downtown via the Hennepin Ave Bridge, plus I believe there are a handful of retail parking spaces in the building that are accessible from 1st Street. I think the Starbucks Reserve would do good business during the day with the large businesses within a block of it.

The townhomes look complete. They were putting finishing touches on the railings this morning. When is the move in date?

When I inquired they said March would be the move in date. The townhomes will rent for $6k/month, studio apartments start at $1495.

The townhomes will rent for $6k/month...

GULP.

Wow. That's more than even the custom-built Greystar building on Calhoun, isn't it? That's $72,000 a year...on rent.

The townhomes will rent for $6k/month...

GULP.

Yeah, good luck getting that much.

Most of the town homes are $4400/mo. Corner units $6000.

$6k a month!!! Even if that includes all utilities (worth maybe $500) it's a total ripoff. The largest floorplan is only 3 bed, 2.5 bath 2,399 sq ft. One of the bedrooms is TINY too, 10 x 10.5. The top floor master is a somewhat small strange space too. Only 9.5 ft wide where the bed has to go...

Floor Plan here:
http://liveatmaverick.com/wp-content/up ... Billie.pdf

Who is the world is renting these for 6k a month!?!?!?!?

I actually think the Aretha floor plan looks better, and more useable. Two good sized bedrooms at least. Just a strange little den...

http://liveatmaverick.com/wp-content/up ... Aretha.pdf

Nic on Fifth is $7,700 for a 3 bedroom. Of course that comes with a view.

They're basically $2-3 a sq ft.

Sure seems like some Maverick pricing!

And your own two car garage in downtown...

It's extremely expensive but probably has a market.

I can definitely post some pictures of the inside of the building. I will be going on a tour of them this weekend. Not that I could actually afford to live there.


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The south retail Bay has a sign in it that says available. So perhaps no dentist office.

That is correct. I talked with one of the leasing agents about a week ago when I visited the apartments. She said that the dentist office did indeed fall through.


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Did we know there's a Starbucks going in on the northeast corner of the building? There is.

Somewhere in this thread it was reported to be a Starbucks Reserve, which is some sort of new upscale concept.