A new development will soon grace the corner in Minneapolis' trendy Northeast neighborhood. Montage is now under construction.
Recently Schaefer Richardson completed their $1.9 million purchase of the former Nye's site clearing the way for construction to begin on their newest mixed use project, Montage. While you may not recognize the project by it's new name we're sure you're quite familiar with it already.
The project at 112 East Hennepin Avenue has remained in the headlines for nearly two years largely in part due to neighborhood opposition to the original plans for a 29 story mixed-use project. Area residents argued that the project was too large and would damage the historic church next door. There also was concern about the closure of Nye's Polonaise Room, a Minneapolis institute that had been in business for 66 years.
Once it was confirmed that Nye's would close regardless, Schaefer Richardson worked with the community to develop a plan that would suite everyone's needs... flash forward a year and here we are.
Once complete Montage will include 73 residential units and 8,000 square feet of ground floor retail. The project will also be one of the first in the Twin Cities to feature a garage with a unique elevator system that will allow cars to be "stacked," increasing the number of spaces available within the project.
Construction on the Montage is expected to last for about a year and a half with completion set for late Fall 2017.