Twin Cities = Enigma
The Twin Cities. City of Lakes. Minneapolis St-Paul, the home of the 2008 Republican National Convention is like an enigma. It had low unemployment but high office vacancy rates. Yet, it is definitely the opposite in terms of residential. Many storefronts remain empty, however there are several noteworthy projects to pay close attention to. A 1.5 mile long Minneapolis Life Sciences Corridor is shining south of the city. Like the Great Mall of America being the largest in the nation, the Life Sciences Corridor is also one of the biggest in the US.
The Central Riverfront District next to the Mississippi river has around 13 projcets under way; the most notable one being the Phoenix on the River, a condo development that recently opened.
West of Downtown Minnearpolis, a new 26 acre North Loop Village master-planned development highlighting growth to the west setting the path for the Minnesota Twin’s new ballpark which opens in 2010 in that area.
According to Salary.com, Minneapolis is the 4th best city to build personal weatlh and is the world’s 19th most livable city according to Monocle Magazine. Overall, Minneapolis seems like an interesting city, with office vacancies nearing 15 percent, maybe now is a good time to take a look at bargains. For more information about Minneapolis, please check out the Scotsman Guide, Salary.com and Monocle Magazine. Further, I would suggest contacting a real estate professional to help further your investment goals in the region.
December 29th, 2008 at 9:10 am
Interesting. I hope that the US economy is still going strong, enough to be working on new projects. I’m glad that in Hong Kong, the government is sponsoring new infrastructure jobs like reclamation works around the harbor and the construction of various buildings in the West Kowloon Cultural District. New projects = jobs = better economy.