Red Lake Nation News - Babaamaajimowinan (Telling of news in different places)

Three high-rises with nearly 800 apartments will hit downtown market this year


Glen Stubbe – Star Tribune

To stay competitive in the crowded rental market, apartment towers such as the soon-to-be-completed Ironclad are loaded with amenities.

Developers are on track to deliver a triple whammy to the downtown Minneapolis apartment market this year: three high-rise apartment towers that will bring nearly 800 units to a part of the city where renters already have plenty of choices.

"The market appears to be holding," said Mary Bujold, president of Maxfield Research. "[But] I think most local developers are cautious."


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