Midtown Exchange in Minneapolis

Midtown Exchange 003
Originally uploaded by jSHOTS.

I've written about the Midtown Exchange from time to time because part of the new retail in this adaptive reuse of an old Sears Department Store and Catalog Distribution Center is a new public market. The Ray Ray Sun Times blog writes about the project, including a discussion of the housing portion of the project.

It has both condos and rental units, and some of the condominiums are within a "land trust" structure so that the costs are low to buy--of course, this puts on ceiling on how high the price appreciates too, in terms of reaping financial rewards from homeownership--with some units available for less than $100,000.

(Flickr photo by jShots)

I'm looking forward to touring this project in October...