May 24, 2005
The Lander Group and the Kingfield
Neighborhood Association announce plans to redevelop the southwest
corner of 38th and Nicollet
Minneapolis—Forty-one new eco-friendly
condominium homes and 7,500 square feet of new retail space will
be added to Minneapolis’ popular Kingfield Neighborhood, and
a historic site will be revitalized, when the Lander Group builds
“38”, a new multi-use development proposed for the southwest
corner of 38th Street and Nicollet Avenue in South Minneapolis,
according to the Lander Group and the Kingfield Neighborhood Association.
Bucking the trend of increasingly more expensive
housing options in Minneapolis, this project is dedicated to offering
well-designed, eco-friendly condominium homes in a desirable urban
neighborhood at lower, more accessible price points than previous
projects by the Lander Group. Prices for the condominium homes will
start in the low $100,000s.
" This is an up and coming neighborhood
and it is committed to providing housing that is within reach of
those who are still developing their careers,” said Michael
Lander, president of the Lander Group. “38 will offer interesting,
well designed living spaces. There will even be a couple of live/work
spaces, which are a popular concept with entrepreneurs, and we’re
hoping to implement a car sharing program which is a very appealing
amenity for urbanites don’t want to lead a car-centric lifestyle,
but want the option every once in awhile,” he said.
In developing the site, the Lander Group
plans to retain and renovate a historically significant 9,000 square
foot section of the existing brick building. The adjacent 1970’s
building will be demolished and new construction will be integrated
with old to complete the building. The first floor will house retail/commercial
space, including two live/work spaces. Forty-one condominium homes,
ranging in size from 620 square feet to 1,540 square feet, will
occupy the remaining four stories. Underground parking for residents
and enclosed off-street parking for retail customers is also part
of the plan. Lander hopes to break ground on the project this fall.
Not only is this a project that the Kingfield
Neighborhood Association enthusiastically supports, it is a project
that they invited the Lander Group to develop. “This is a
key location and important to our neighborhood. It also happens
to be the intersection of two major transit corridors. The business
that had been operating there for more than 30 years vacated the
property in August 2004. Since then, the building has been empty.
We are consciously being proactive in the planning and redevelopment
within the neighborhood; we saw this as an opportunity to look at
neighborhood needs and transform the space to serve those needs
while adding vitality to the neighborhood,” said Kingfield
Neighborhood Redevelopment Committee Chairperson, David Motzenbecker.
“This has been an exciting project to plan,” said Lander.
“So often, we find ourselves trying to explain why we feel
our proposal will be good for the neighborhood. In this instance,
the neighborhood already knew that the right kind of development
would be good for the neighborhood, so we just needed to work together
on the details,” he said.
For more information about Lander Group and
“38” go to landergroup.com or contact Charlie Adair
@ 612.825.1482.
The Lander Group is a Minneapolis-based,
award-winning development firm specializing in urban in-fill development.
Recent Minneapolis projects include the 2005 Trillium Award-winning
Midtown Lofts in the Lowry Hill East Neighborhood, 301 Kenwood Parkway
in Kenwood, and West River Commons in the Longfellow Neighborhood.
Current Saint Paul projects include Printer’s Row—The
Business Journal’s 2005 Best New Condos under 100 units—West
Side Flats, and Market Lofts. The company completed the award-winning
9th Street Lofts in the fall of 2004.
The Kingfield Neighborhood is located in South Minneapolis. It is
bordered by 35W on the east and Lyndale Avenue on the west, with
36th Street as the northern boundary and 46th Street as the southern
boundary. For more information on the Kingfield neighborhood visit
www.kingfield.org.
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