Some nearly obsolete office space in downtown Minneapolis is getting new life as luxury apartment rentals, the Star Tribune reports. The near century-old building that was formerly home to the Soo Line Railroad and U.S. Bank is a prime example.
A Michigan apartment developer/owner plans to convert the structure into more than 250 luxury units. The multimillion dollar project will also feature a rooftop swimming pool and club room with Zen garden and park.
“A lot of these old office buildings have been languishing and nobody knows what to do with them,” Mary Bujold of Maxfield Research told the newspaper. “Now that the apartment market is hot, [building owners are] saying, ‘I’ve got this old office building and maybe now I can turn it into apartments.’ ”
The first residents of the Soo Line Building City Apartments are expected to arrive this summer, according to REJournals.com. Construction is set to wrap up late next year.