Category Archives: Luxury Apartments

Why buy when you can rent? From retail to hospitality to homeownership, the Millennial generation has become one of renters. Young adults who have reached the home-buying area are waiting much longer to purchase a property than previous generations, or sometimes not at all.

Rather than settling down in a suburban home, they’re heading to major metropolitan areas like Minneapolis and taking up residence in urban apartments. Here’s a closer look at why Millennials find renting to be the better option.

The Recession

Economically speaking, Millennials were hit hard during the recession. Young adults who graduated college from 2006 to . . .

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Minneapolis is experiencing a rental housing boom, particularly in upscale neighborhoods like Uptown, North Loop and near the University of Minnesota. So it’s no surprise that new luxury rentals are coming soon to the north end of Lake Calhoun.

In April 2014, the Cedar-Isles-Dean Neighborhood Association (CIDNA) Board approved two projects for the neighborhood, at the recommendation of its Land Use Committee. The high-rise apartments will be located on the busy West Lake Street, a popular city thoroughfare. Both developments will afford residents with gorgeous views of Lake Calhoun and the downtown skyline.

2662 West Lake St.

Greystar, a South . . .

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Over the past year, you may have noticed a change in downtown Minneapolis. Dozens of newly-constructed luxury apartment buildings have sprouted up, with more in the works.

Developers are designing high-end complexes that mimic the luxury benefits of privately-owned condominiums. Why be weighed down by ownership when you can get the same perks by renting a high-end apartment?

A Matter of Property Characteristics

Apartments and condos are easily confused, but the key (and most recognized) difference is ownership. There are several other distinctions that classify these dwelling types, however. Here’s a quick look at the common differences between them.

Apartments . . .

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