Courtesy of Mills Properties
A lot is happening in this lively city neighborhood. Minneapolis’ Opus Development Company has received preliminary approval for its proposed 12-story, $61.5 million luxury high-rise near the corner of Lindell Boulevard and Euclid Avenue. (Apartments there will rent for $1,300 to $5,000 per month.) And in December, Mills Properties broke ground on a 38,500-square-foot Whole Foods that will fill the ground floor of City Walk, a mixed-use development at West Pine Boulevard and Euclid Avenue with a seven-story, 177-unit apartment building. The project is slated to be finished in late 2015.
The market for historic housing is heating up as well. “After going through five years of recession, we are finally seeing some very good residential sales on the private streets and Lindell,” says Paul Mittelstadt of Coldwell Banker Gundaker. While the neighborhood’s new residents have skewed towards transplants in the past, “now we’re seeing St. Louisans,” says Mittelstadt. “That’s been an increasing trend over the past couple of years.”
And thanks largely to the CWE’s Neighborhood Security Initiative—funded by a portion of residents’ property taxes—crime dropped 40 percent in the neighborhood between 2007 and 2012. Mittelstadt credits the initiative for installing 93 security cameras throughout the neighborhood, as well as the addition of bicycle patrol officers. That added feeling of safety, he says, boosts one of the neighborhood’s finest attributes, its walkability.
