Development Update: St. Louis Park and Uptown Minneapolis
The Star Tribune reports that St. Louis Park's West End development got the green light from its city council earlier this week. Duke Realty is planning to build a $400 million hotel, office and retail complex on a site near the corner of I-394 and Highway 100. St. Louis Park sees this as a "gateway" to the city.
News isn't as upbeat in Minneapolis. Stuart Ackerberg of the Ackerberg Group told a Star Tribune reporter that his firm would decide in the next 12 days whether it plans to proceed with Mozaic, a fancy hotel/condo/movie complex slated for the Lagoon Theatre site near Lagoon and Hennepin Avenues. "We plan to tell people who have put down deposits by the end of the year if we're going to be able to proceed with condos. ... I'm not optimistic," he said.
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