After a break in 2023 because of funding, downtown Minneapolis boosters reinvented their holiday event in hopes of activating the central business district.
Johnny Opara and his JO Cos. have $200 million in projects in the pipeline and opened a $23.4 million affordable housing complex in Brooklyn Center earlier this month.
Minnetonka-based Onward Investors partnered with two other firms to purchase the city’s third-tallest building. The sales price was not immediately available.
Amid a drop-off in multifamily construction, a pair of Twin Cities developers will seek final city approval this month to build 15 upscale condos in the Linden Hills neighborhood.
The day before breaking ground for the project on the former Central High School site, another property developed by Luzy Ostreicher filed for bankruptcy after its lender said it falsified financial statements and defaulted on a nearly $52 million loan.