RESIDENTIAL BUILDING PLANNED FOR PROSPECT PARK

Looking for housing within Prospect Park? We've got news for you in the form of another project being planned for the ever-growing neighborhood.

Located at 2813 4th Street SE, 4th Street Lofts will be located on a site that is currently a parking lot on the corner of the Green Line's Prospect Park station. The new 6 story building would include 169 residential units, the majority of which would be studios, along with one and two bedroom units.

Now, let's get specific when it comes to those units. This project is unique as so many of the units are studios, typically that style of unit would only be a small portion of the units within the overall project. The developer feels that these units are perfectly suited for the neighborhood as a large amount of its population is college students, many of which are looking for their own place. The 107 micro-units would average about 390 square feet.

In addition to those studios there would 36 one bedrooms and 26 two bedrooms located within the building. 40 parking spaces and 144 bike storage spaces would be located on one level of underground parking within the building.

THE DESIGN AND CONSTRUCTION

An aerial showing other development projects happening within the area (The 4th Street Lofts project is located in the upper left corner).

Designed by Minneapolis based architectural firm ESG, the ground floor of the property would include over 7,100 square feet of residential amenities. Among those amenities would be a large lobby, clubroom, and fitness center. Those amenities wouldn't be the only thing located on the ground floor, there'd also be 11 residential units, mostly studios.

Floors 2-6 would include additional residential units with a mix studios, 1 bedroom units, and two bedroom units. The sixth floor would include a clubroom with a large outdoor deck and views of the Downtown Minneapolis skyline.

With the building being a L shape, the ground floor would also feature a large outdoor lawn area behind the building with lounge space and an outdoor parking area for 23 bikes.

The building would be clad in brick on the ground floor with the upper levels of the project being clad in white stucco with accents of wood composite and metal panels.

Previously this project received feedback from the City of Minneapolis' Planning Commission on June 28th, 2017, it has since been revised taking that feedback into consideration. It will go before that same committee at their February 20th meeting this month for approval.