It's topping-out time for 36-story Loring Park LPM Apartments

Basic structure completed at LPM Apartments on Loring Park.

December 11, 2013 at 4:28AM
A Christmas tree was raised to the top of LPM Apartments, a 36-story apartment building being built in Loring Park. The tree is raised to the top of a new building signifying the completion of the building's structure. Tuesday, December 10, 2013 ] GLEN STUBBE * gstubbe@startribune.com
An evergreen tree was hoisted to the top of LPM Apartments on Tuesday as part of a ceremony marking completion of the Minneapolis building’s structure. (The Minnesota Star Tribune)

A "topping out" ceremony — which signifies the midway point in big construction projects — was held at LPM Apartments on Loring Park on Tuesday in Minneapolis.

Despite frigid temps, the developer, Chicago-based Magellan Development Group, along with James McHugh Construction, Adolfson & Peterson Construction and others, gathered to hoist a beam signed by construction workers and the requisite evergreen tree (for good luck) to the top of the distinctive 36-story tower.

The 354-unit complex will have studios, one- and two-bedroom apartments, plus a fitness center, indoor hot tub, sauna and steam rooms, media and game rooms, resident lounge, business center, outdoor pool, landscaped deck with fire pits, bicycle parking and a private dog run. Leasing for the $100 million tower will begin early next year, with occupancy expected in early June. Rents have not yet been determined.

Janet Moore

A Christmas tree was raised to the top of LPM Apartments, a 36-story apartment building being built in Loring Park. The tree is raised to the top of a new building signifying the completion of the building's structure. Tuesday, December 10, 2013 ] GLEN STUBBE * gstubbe@startribune.com
A Christmas tree was raised to the top of LPM Apartments, a 36-story apartment building being built in Loring Park. The tree is raised to the top of a new building signifying the completion of the building's structure. Tuesday, December 10, 2013 ] GLEN STUBBE * gstubbe@startribune.com (The Minnesota Star Tribune)

about the writer

More from Business

card image

CommonBond Communities has launched the largest capital campaign in its history to improve its housing stock amid “multiple pandemics” and insufficient public subsidies.