Community Planning & Economic Development

Phone: (612) 673-5095
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Park Avenue Lofts

On either side of Park Avenue between Washington Avenue and Second Street South

New construction of four- to five-story buildings on either side of Park Avenue (on the blocks known as Parcel D east and west), which will mirror each other. Each will include 38 luxury condominiums. Park Avenue West, currently under construction, is expected to be complete in 2004 and construction is expected to begin in 2005 on Park Avenue East.

Developer:

Brighton Development Corporation

Housing:

38 luxury condominiums in each building.

Parking: 

77 spaces under each building

Financing:

West:

$140,700 Pkg. Rev – Land

$232,750 Pkg. Rev. – Env. Rem.

$48,400 Petro Fund – Env. Rem.

$414,972 DTED – Env. Rem.

$285,000 Met Council – Env. Rem.

East:

$115,600 Pkg. Rev. – Land

Development Cost: 

$20 million for Park Avenue West Lofts

$22 million for Park Avenue East Lofts

Construction:

Expected 2004 completion for the west building.

Expected 2005 start for the east building.

For more information:

City staff, Dick Victor, (612) 673-5026.

April 2004

Last updated Oct. 28, 2011