> I surfed around looking for a study with market projections regarding the > supply of and demand for loft housing in Minneapolis and found this on the City of > Minneapolis Planning Dept website (which also btw is the site of the infamous "Above the > falls" report) > > http://www.ci.minneapolis.mn.us/master-plans/downtown-east-north-loop/ > > Still like to know how a decision is made to turn ALL available lots and old > industrial buildings into the LOFTS that devoured Minneapolis... > even though I guess it's all part of the voracious juggernaut continum > that destroyed the street car system and the gateway park and "skid row" > (hmmm there's a Ken Avidor series in there I do believe) > > Local mls listings...show plenty of lofts (especially those that are less > chic than the North Star Blanket factory lofts or the Humboldt lofts) are FOR SALE... > > I don't have stats to back this up, but I suspect there is more supply than > demand. I also suspect that a percentage of the folks buying the lofts because it's > a trend will bail within a few years, especially given crime the situation in the > warehouse district, and the lack of the other needed businesses and services. > > How do the residents of the North Star lofts (on the Washington Ave side) > feel about the new LOFTzilla being built directly across the street from > them, which will obstruct their views of downtown Minneapolis...of course right now > they have a lovely view of a mountain of dirt. > > If I was going to cite an example of appropriate development...it would be > the Scherer, Meyer and Rockcastle Mill City Museum and surrounding > buildings, including the Mill Ruins Park .... where the old soul of > industry, nature, the former giants of commerce, and the ultra modern co-exist. > > Madeline Douglass > Kingfield
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