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Minneapolis enjoys $1B construction boom

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The Star Tribune reports that more than $1 billion in construction projects have been approved in Minneapolis this year, according to permit numbers released Monday.

Specifically, 12,161 building permits have been issued in the city, many for downtown projects. A variety of building projects – but especially apartment construction – is fueling the boom, the newspaper reports.

A $73 million, 36-story luxury apartment building is the biggest project in terms of cost, Fox 9 reports.

The second-largest project is another apartment building with a Whole Foods store on the first floor. Project leader Mark Ford told Fox 9, "It's been rare in the last four years to see a tower crane in Minneapolis. It's nice to have it back."

It's the first time since 2000 that the city has had more than $1 billion in projects approved, the city of Minneapolis reports. The city lists the top five projects.

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