Minneapolis Rise» Ivy Hotel & Residences http://www.minneapolisrise.com The Source For Minneapolis Commercial Real Estate Wed, 16 Nov 2011 13:23:46 +0000 en hourly 1 http://wordpress.org/?v=3.2.1 Now The Ivy Condo’s Are In Court Order Receivership http://www.minneapolisrise.com/condominiums/ivy-condo-receiver/ http://www.minneapolisrise.com/condominiums/ivy-condo-receiver/#comments Thu, 17 Sep 2009 00:02:37 +0000 Jason Sandquist http://www.minneapolisrise.com/?p=373 Last month, the hotel part went into court appointed receivership at the Ivy… now it’s the condo’s turn.

From the Star Tribune:

Turnstone Holding LLC will serve as the receiver for the 92-unit condo building in addition to the 136-room hotel, according to documents filed Monday in Hennepin County Court. The two properties were built in a $88 million project that also included renovating the historic Ivy Tower at 11th Street and 2nd Avenue S.

This project seems like a mess at this point as the article points out only 1/4 of the units have sold out of the 92.

I just checked the MLS and there are currently only 3 active listings but 11 are currently pending. Make sure to do your due diligence or let me know if you are interested in checking any of these out.

Will keep posted once I hear more about the status.

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