Condos, condos, condos ... empty, uncompleted, scratched
Business reporters in the Twin Cities have written a lot about the sagging condominium and housing markets in recent days. We point you to a small inventory of their work in this post. On October 3, the Twin Cities Business Journal said the "Condo market may become overbuilt," which isn't exactly saying it's overbuilt now, but isn't a positive sign either. On October 17, the Star Tribune reported on trouble with Mosaic, a mixed-use development in the Uptown area of Minneapolis. On October 18, the Pioneer Press reported that the "Twin Cities housing glut awash in new condos." And on October 20, the Star Tribune analyzed which projects will succeed and which are doomed to remain forever on paper.