It was announced that the Star Tribune has completed their sale of a 3.4 acre parking lot in the North Looop of Minneapolis to the apartment developer Solhem Cos. The land was sold for $1.8 million and will house a new 137-unit apartment building, called the 815 2nd Street Apartments. Construction on the new building is beginning this week.
From The Business Journal:
The Business Journal broke news of the land sale and apartment development plan in August. At the time, a spokesman for the Star Tribune said this was excess land on parking lots that surround the company’s printing/production/distribution facility at 800 N. First St.