Market Insights: Condominiums

by Brock Boatman

They are kind of happening! So far in 2019 we have heard the announcements of some interesting and exciting new projects. TMBR, in the North Loop, would be the Twin Cities’ first high-rise timber-construction residential building, following the T3 Building’s innovative construction technique. Additionally, the top of the luxury market is being updated, with the Ryan Company’s Eleven on the River and the Gateway project’s Four Seasons-branded residences competing for the $1 million plus crowd. However, the on-again, off-again Alia project appears to have finally been shelved, showing that balancing costs, pricing, and timing with the depth of the market means that no project is a given success.