A developer wants to build a pair of 111-unit, affordable apartment complexes in the trendy Lyn-Lake area of south Minneapolis.
The first six-story apartment building, which is being called Lake Street Apartments, would replace several old commercial buildings and a small parking lot located on the northeast corner of West Lake Street and Harriet Avenue.
A second phase would include the construction of a twin building across Harriet Avenue that would replace an auto repair shop and parking lots.
"There just isn't a lot of affordable housing in the neighborhood," said Steve Minn, vice president and chief financial manager of Minneapolis-based Lupe Development Partners, which is proposing the project. "A lot of people who lived in the neighborhood have been forced out."
The busy Lyn-Lake area is characterized by bustling nightlife and numerous eateries and attractions that have made the south Minneapolis neighborhood a popular destination.
Several new complexes have been built in the area in recent years such as the Blue Apartments, Lime Apartments and the Murals of LynLake, but they have all been upscale with higher market-rate rents.
The Minneapolis Planning Commission is set to discuss the development Thursday at its Committee of the Whole meeting. Lupe bought the auto shop site in 2016 for $1.8 million, and had previously proposed a project for that space last August.
The original proposal called for one 128-unit building that would take up the auto and tire shop and lots to the west of Harriet Avenue and span an alleyway that split the block. After neighborhood feedback, Lupe decided to divide the project into two complexes instead, Minn said.
