Minneapolis, MN

Blog with news about the Minneapolis MN high-rise condominium and loft market.

There are currently 7 blog entries related to this category.

high-rises fireworks

Written by Brian Enright

Millions of Americans love watching fireworks on the 4th and New Years Eve.  In fact we like them so much that we pile in the car, sit in the heat for hours to get a good spot and then suffer the traffic to get back home.  What if you could just step out onto your terrace for the best view?  Then when it's over and everyone else has to schlep back to their car you just step inside for another glass of wine.  If that sounds like a good way to enjoy the show then take a look at the list below.  We asked each Highrises.com partner agent and high-rise specialist which buildings have the best fireworks views.   Consider a condo in these buildings if you like to entertain on holidays.  OR find a friend who lives in one of them...

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Are you thinking about putting your condo on one of the many vacation rental sites like AirBNB but not certain if your HOA allows it?  Here are some steps to help you navigate the process of renting out your condo for a short term vacation rental and avoiding personal liability.Airbnb Logo

CITY RESTRICTIONS

The first step is to look at the laws that your city has regarding short term rentals.  Many cities have restrictions on short term rentals (typically less than 30 days) that if not followed can lead you to penalties and fines.  You can easily check to see what your regulations are by doing a Google search with your city name and the key words “short-term rental regulation”.  There have been hotel and zoning laws enacted by your city far before the AirBNB

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The USUThis is one of our new favorite things!  The USU was created for urban dwellers, and is especially useful for high-rise residents as it provides much-needed storage space right in your parking space.  USU launched in Austin, TX, where they have hundreds of units in buildings throughout the city.  Because of the demand USU has expanded and can now ship and set up their storage units throughout the United States.  If you could use about 60 cubic feet of extra storage give them a call at 512-981-5735 or visit the USU website.  They even provide "white glove" delivery and set up right in your parking space.  Click here to see their brochure.

 

USU with CarUSU with content

 Loaded up USU

www.TheUSU.com

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Although the housing prices were at a low last year, there are still some great deals to find in 2014.  Forbes named these cities the “best place to buy” in the United States in their 2014 Housing Outlook.  

  1. Fort Worth, Texas

  2. Dallas, Texas

  3. Charlotte, North Carolina

  4. Nashville, Tennessee

  5. Houston, Texas

  6. Atlanta, Georgia

  7. Oklahoma City, Oklahoma

  8. Orlando, Florida

  9. Las Vegas, Nevada

  10. Boise City, Idaho

  11. Grand Rapids, Michigan

  12. Tampa, Florida

  13. Fort Lauderdale, Florida

  14. Salt Lake City, Utah

  15. Boston, Massachusetts

  16. Seattle, Washington

  17. Minneapolis, Minnesota

  18. Virginia Beach, Virginia

  19. Phoenix, Arizona

  20. Louisville, Kentucky

Forbes partnered with Local

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We have great news in the United States real estate market today.  Last month, in November, foreclosures are down 37% when compared with one year ago’s market in November 2012.  This exciting data released from RealtyTrac showed that in just one month (October 3013-November 2013) the number of foreclosures are down 15% to a total of 113,454 homes reporting foreclosures in November 2013.  This brings the number of foreclosures the lowest they have been since August 2006.  The foreclosures include bank repossessions, scheduled auctions and notices for default.  

According to the US Census, privately owned housing building permits are up 13.9% in October 2013 when compared with the years previous permits in October 2012.  Also, in the third quarter prices

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StoneBridge_LoftsAlthough occupancy won’t begin until May 2013, Stonebrige Lofts in Minneapolis are already 50% sold out with only 89 units remaining.  Stonebridge lofts are located in the historic Mill District. There was a time when flour mills dominated, now most mills have been converted into condos and the neighborhood emerged as the historical and cultural hub of Minneapolis. The Stonebridge Lofts range in size from  969 to 2931 square feet.  Amenities include a swimming pool, hot tub, guest parking, exercise room, community room, decks and community grills.  Because of the design (including plenty of light through glass walls), residents can overlook gorgeous views of Gold Medal Park.  The building also has different perk packages for condo buyers and they vary

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In an article today by Finance and Commerce they revealed that Minneapolis Developer Paul Fry is considering developing the historic Fruen Mill into condos.  Expected to start renovation this Fall, this building could become 114 condos and 50 micro units.  The Fruen Mill was a cereal processing plant in the late 1800’s.  The mill was abandoned and now is painted with graffiti and landscaped by overgrown plants.  

Video by Telegraph Studios

 

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