From Sam Black @ Twin Cities Biz Journal:

River View Holdings LLC, a Minneapolis-based entity run by Steve Frenz, filed for bankruptcy in U.S. District Court Nov. 13.

Frenz, who is also CEO of Minneapolis-based firm JAS Apartments, announced in 2008 that he planned to develop a 348-unit luxury apartment complex on the site.

According to bankruptcy documents, River View counts its only assets as three parcels that total 2.06 acres. It estimates that the parcels — 110 12th Ave. S., 124 12th Ave. S. and 1102 Second St. S. — are worth a combined $2.95 million. River View lists liabilities of $6.82 million.

(h/t Steve Ladin)

Mill City Apartments is a go in the historic Mill District.

From the Twin Cities Biz Journal – Sam Black

Farmington Hills, Mich.-based Village Green is developing the 175-unit apartment building called the Mill District City Apartments. The complex is located near the Guthrie Theater along Second Avenue South, between Portland and Park avenues.

Hopefully the developer makes the right design to match the historic past and match the future. The City of Minneapolis is obviously heavily invested in the area.

From KSTP:

United Properties plans to convert the buildings into Applewood Point senior cooperatives. Under preliminary plans, subject to city council approval, each site would contain around 90 units.

From the Twin Cities Biz Journal:

After an initial $500,000 investment, much of it personal funds, Suh is ready to open his Lyndale Tap House, which is joining the recent surge in Lyn-Lake dining options by moving into the space formerly occupied by jP America Bistro.

Should make for some good eats & brew

Straight from my inbox:

I wouldn’t call it the deal of a lifetime but nonetheless $200k off is still halfway decent. This is the last new construction condo left from the developer.

If you want check it out, let me know

You’ve surely heard about the $8000 housing tax credit by now… I hope. Now you can double it!

Skyscape Condos in Minneapolis is offering an extra $8000 towards the purchase of your new condo if you close on it by November 30th, 2009. [see the website]

If you are interested in checking out some condos in Skyscape, let me hear it.

Rising from the failed Portland condo project, here come apartments?

From the StarTrib:

Village Green Companies, a Michigan-based rental property owner and developer, has reworked an agreement to buy the site bounded by S. 2nd Street and Washington and Portland Avenues so that it can proceed with plans for a 175-unit apartment building. The site is owned by the city and Brighton Development Corp., which canceled plans for the condos and a live/work project because of lower-than-anticipated interest from buyers and tenants.

Given the article, looks like the name of the apartment complex is going to be Mill City District Apartments. Think they need to put some better thought behind that name given the history behind the names of the condo projects (see bottom of article, they are very creative with naming apartments [insert snark here]).

A home tour put together by the American Institute of Architects Minnesota that captures 20 unique homes designed by local architects.

Time and Dates

• Saturday September 19th 2009 10am to 5pm
• Sunday September 20th 2009 10am to 5pm

Tickets

Reserve your tickets online to the event, the cost is $25 a person. If you arrive to the event day of the tickets cost $30 to view all homes or $10 per house.

View the website for here for more information. I’ll be going, will you?